Increasing brand-consciousness and consumer-oriented society are the reasons behind the strong growth of clothing sales in Vietnam retail, says RNCOS.

Noida, UP -- (SBWire) -- 11/11/2014 --Vietnamese consumers’ passion for fashion is providing a fast pace to the growth of the country’s clothing sector. Vietnam has one of the most attractive retail markets worldwide because of its ongoing economic reforms and growing affluence, and a growing clothing sector is pushing the retail market constantly forward. There are other socio-economic factors in the country which is working in a positive way for the country’s booming clothing sales. Vietnam is a very densely populated country with a very huge number of young populations in Asia Pacific region. The above reasons coupled with increasing brand consciousness; rising disposable income and consumer oriented society is helping the clothing sector to boom faster.

According to our report, Vietnam clothing sales is expected to grow at a CAGR of around 34% during the period of 2014 to 2018. Though Vietnam’s clothing sector is more dependent on imported products but it has started increasing the localization ratio in recent years. It is expected that huge demand for quality clothes, high consumption, and rising fashion consciousness will drive the clothing sales further in future.

The report, “Vietnam Retail Market Outlook 2018”, by RNCOS spread in 90 pages provides detailed analysis of the Vietnam Retail Industry. The report has been divided into various segments like retail sales by industry, region, ownership, retail format and economic activity, for which forecasts have been provided till 2018.

The Industry level segment focuses on the food and non-food sectors in Vietnam Retail. Food retail mainly revolves around packaged food segments like, dried processed food, dairy, bakery, etc. On the other hand, the non-food retail provides sales of Vietnamese consumers for clothing, footwear, etc. Further, the retail sales by region and ownership, gives an idea about the retail sales of goods and services in various regions and by the state-owned, non-state-owned and foreign-owned companies of the country, respectively. Finally, to throw a light on retail sales from trade, hotel & restaurant, and tourism & services, a segment on economic activity has also been added.

The report also describes the industry trends such as modern retailing, thriving e-commerce in retail, etc. Furthermore, the report covers government regulations, along with the challenges hindering the growth of this industry.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM717.htm

Check Related REPORTS on: http://www.rncos.com/Retail%20industry.htm

About RNCOS
RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.