Branded Clothes Demand Rising in VietnamBy: Shushmul Maheshwari
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Branded Clothes Demand Rising in Vietnam
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With growing brand awareness, fashion consciousness and rising demand for quality clothes, sales of clothes in Vietnam are projected to grow at a CAGR of around 15% by the end of 2012, says “Vietnam Retail Analysis (2008-2012)”, a new research report from RNCOS.
The report further says that while Vietnam’s domestic garment market is largely export-oriented, local demand for better quality clothing is also keeping pace with rising brand awareness and consumer-oriented society.
Domestic textile/garment industry recorded sales growth at the rate of more than 15% per year, accounting for one fourth of the total production in the country. Popular fashion brands such as Giordano, Mango, D&G, Gucci, Bossini and Valentino have been well accepted by Vietnamese, but genuine label products are still unaffordable for most of the people. Interestingly, Chinese brands like Bossini, Giordano and Mango received good response from people living in big cities owing to their affordable price range.
As Vietnam has recently acquired the WTO membership, growth prospects for its textile/garment industry have boosted as it can increase exports to the US and Europe (the biggest export markets for Vietnam) without any quota limitations. Besides, rise in textile exports will also enable Vietnam to generate more jobs and increase foreign exchange. In the backdrop of these factors, the Vietnamese apparel industry is expected to grow at a CAGR of 9.95% from 2007 to 2011.
“Vietnam Retail Analysis (2008-2012)” gives exhaustive research and rational analysis on fast changing retail industry in Vietnam. The report studies key facts and issues related to Vietnam retail industry such as market size and scope of retail industry, major retailers, their presence and strategies employed by them. It also discusses present and past market trends, opportunities and challenges to enable clients align their investment strategies accordingly.
The report also provides forecast on various segments of Vietnam retail industry, including disposable income, total retail sales, retail sales of footwear, retail sales of cosmetics and toiletries and retail sales of household cleansing products.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM097.htm
Check DISCOUNTED REPORTS on: http://www.rncos.comhttp://www.rncos.com |
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| Keywords |
Vietnam Retail Analysis, Vietnam Retail Industry, Retail Industry in Vietnam, Opportunities in Vietnam Retail Industry, Challenges in Vietnam Retail Industry |
| Category |
Business |
| Submission Date |
Jun 20, 2009 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Business |
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RNCOS Releases a New Report- Global Convenience Store Market Analysis
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RNCOS has recently added a new Market Research Report titled, "Global Convenience Store Market Analysis" to its report gallery. The report provides extensive analysis on the booming c-store market. It provides an insight into the c-store industry across Asia, Europe and North America, and gives a brief overview on the consumer behavior. The report helps the client analyze the trends in c-store retailing across the world and identify the key emerging markets. Future growth areas and challenges for the industry mentioned in the research help the client to align their business strategies as per the changing market dynamics.
Rapid economic development, along with booming retail industry, has been propelling the growth of convenience store (c-store) industry across the world. The global c-store industry has shown tremendous growth over the past few years, particularly in the emerging economies of Asia. Moreover, the increasing share of modern retail outlets and emerging trends in organized retailing are anticipated to drive the industry further in near future.
Key Findings
- Increasing trend of organized retailing will drive the growth of c-store industry in the world. By 2011, modern retail trade is expected to account for more than 55% share in overall retail industry Asia alone.
- The c-store industry has reached the mature stage in most of the developed countries of Europe and North America.
- Asia remains the fastest growing c-store market in the world as the major Asian retail markets registered explosive growth in opening up of new convenience store.
- Changing consumer preferences, lifestyle and rising income level, which is heavily influenced by economic growth, remains the major driving force for c-store industry in the Asian region.
- China remains the largest market for c-store industry after Japan in Asia. China recorded a CAGR increase of 15.28% in the number of c-stores during 2004-2006.
Key Issues Analyzed
- Overview on different retail formats (traditional and modern).
- Market size of the c-store industry with regional segregation.
- Country-wise analysis of the c-store industry.
- Study of consumer behavior in different countries.
- Analysis of the factors responsible for the growth of c-store industry.
- Challenges for the c-store industry.
Research Methodology Used
Information Sources
Information has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Methods
The analysis methods include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.
For more information visit: http://rncos.com/Report/IM119.htm
Current Industry News: http://www.rncos.com/Blog/
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| 2. |
Indian IVD Emerging as One of the Fastest Growing Segments
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Advances in human genomics, bioinformatics, miniaturization, and microelectronics often blended with information and computer technology have led to a growth spurt in the global market for in vitro diagnostic (IVD) tests. Among others, Indian IVD market is anticipated to grow at a CAGR of around 15% during 2009-2012, emerging as Asia’s third largest IVD market after Japan and China, says our econometric study “Global In Vitro Diagnostic Market Analysis”. This growth rate compares with a CAGR of around 9% in the global IVD market during the same period.
We have done extensive research on the global IVD market in order to monitor various trends and developments undergoing across the key IVD markets. We have found that although Indian IVD market is very small compared to the global IVD market, it is growing at a rapid pace to outperform other major markets in near future. “Various factors, such as increasing urbanization, unhealthy diets and growing sedentary lifestyle, have strongly boosted the prevalence of lifestyle-related diseases such as diabetes and cardiovascular diseases in the country. Owing to these factors Indian IVD market is projected to grow at double the pace of the global IVD market,” says a research analyst at RNCOS.
We have observed that growing health consciousness among middle- and high-income families in India is heralding a new business opportunity. This has shifted focus from in-patient treatment to a regular preventive health check. For example, corporate companies offer annual health check for their employees, insurance companies conduct pre-insurance policy check, and self paid health checks also give out a potential business opportunity.
Our study analyzes the key markets and segments of Industry to give a brief about the future scenario of the industry. The technological factors driving the growth are improving techniques, lab automation process, improved data delivery system, etc. According to our industry experts, several steps should be taken by IVD manufacturers to invest in dedicated research and development.
“Global In Vitro Diagnostic Market Analysis” includes detailed analysis of the factors which are fueling the growth of Indian IVD market. Besides this, report also provides rational analysis and forecast on various segments and sectors of the industry.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM103.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 3. |
China Seeing Telecom Restructuring, Operators to Upgrade Networks
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With a wave of restructuring in May 2008, the Chinese telecom industry is flooded with the news of Mergers & Acquisitions (M&As) among the existing telecom players. As part of the move, China Telecom has acquired the CDMA line of China Unicom, and China Unicom has been merged with China Netcom. Another incumbent operator, China Mobile, has acquired China Railcom.
“The idea behind this revamp is to allow each operator offer full telecom services, which otherwise had been dominated by broadly four players, two in fixed-line and two in Mobile. Now the three players will compete in the market with equal service base”, says a telecom analyst at RNCOS.
The three operators, China Mobile, China Telecom and China Unicom, have been planning to inject billions of dollars in expansion of their networks in the world’s biggest telecom market, says our new research “Restructuring and 3G - New Dimensions for China Telecom Sector”. Much of the investment will be required for convergence and upgradation of existing network, making it possible to offer fixed-line and mobile telephony services via existing infrastructure.
Recently, China Unicom has revealed that it would require some US$14.6 Billion over the next two years to fund the deployment of wireless infrastructure. Also, China Telecom is aggressively implementing its strategies to develop the newly acquired CDMA infrastructure. Further, 3G remains the focal of domestic telecom industry. Various industry players have already injected huge amounts in 3G infrastructure developments, and many more projects are ready to be launched.
However, opportunities are not limited to the network upgradation and extension only. The burgeoning Chinese telecom industry offers tremendous potential for various industry players, such as communication equipment vendors, IT service providers and 3G application developers.
Keeping in mind the true potential of this industry, “Restructuring and 3G - New Dimensions for China Telecom Sector” provides extensive research and rational analysis on the current developments in the Chinese telecom industry. It gives thorough analysis of the current market restructuring and its projected impact on the market.
This report helps clients to have an insight into the domestic telecom market along with status of emerging technologies and future scenario, including subscriber growth, handset sales, market share, market penetration, opportunities and market roadblocks.
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RNCOS Releases a New Report- Emerging Medical Tourism in Turkey
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RNCOS has recently added a new Market Research Report titled, “Emerging Medical Tourism in Turkey” to its report gallery. “Emerging Medical Tourism in Turkey” – is a study on increasing popularity of Turkey as a medical tourism destination. The global economic crisis has played a major role in the growth of medical tourism industry in Turkey.
Turkey is becoming popular destination for medical tourism especially among the European tourists. In 2008, the country received around 200,000 foreign medical tourists, an impressive 40% increase from 2007. Tourists from Europe prefer Turkey not just for lower medical costs, but also for its better healthcare infrastructure. Moreover, the strategic location of Turkey between the three continents is also proving vital to the growth of tourist arrivals in the country.
Our report “Emerging Medical Tourism in Turkey” provides an insight into the Turkish medical tourism industry. It evaluates the past, present and future scenario of the medical tourism market in Turkey and discusses the key factors which are making Turkey a potential medical tourism destination. This report provides strategic insight to the client, to evaluate the opportunities for their success in the medical tourism industry of Turkey. With focuses on different parameters of tourism industry, including inbound tourism, expenditure by inbound tourists, medical tourism, and healthcare infrastructure, the report gives a thorough analysis on the medical tourism industry in Turkey.
The report provides forecast on various segments of Turkey’s medical tourism industry based on feasible tourism industry environment in the country. These include:
- International Tourist Arrivals
- International Tourism Receipts
- International Medical Tourism Receipts
- GDP Real Growth
- Population
- Per Head Personal Disposable Income
The report provides an insight on key players in the medical tourism industry of Turkey, including The World Eye Hospital, Memorial Hospital, Anadolu Medical Center and Sanatolia Care.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM040.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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