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In 2013, the total sales volumes from distilled and fermented liquors reached 500 million USD, increased up to 1.8 times in comparison to that of 2005. More specifically, more than half of the distilled beverages consumed are vodka, meanwhile for wine, over 60% are red wine.
The Vietnamese population in 2014 reached 90 million while up to 37 million motorbikes have been registered. As demonstrated, the motorbike market is very large here. Vietnamese people feel it hard to live without a motorbike because the population is concentrated in large cities while roads are mainly narrow and public transportation has not been developed yet. Read More “The sign of diversifying need in the motorbike market”
Vietnam software industry is developing while overcoming many difficulties. Since 2008 when market size was merely $680 million, the national revenue of software retain stable growth rate of more than 10% per year. Although 2012 is a difficult year for domestic software market due to pressures from an implementation of the Government’s Resolution 11 cutting public spends, especially the complexity of IT process in Decree 102 and the declined purchasing power of consumers led by economic stagnation, export (more precisely is offshore market) still increased dramatically and kept the market upward by 3.1%, reaching $1,21 billion.
“Constantly grow at a CAGR of 6.2%”
Vietnam Hospitality Market and foreign investors
According to Vietnam National Administration of Tourism (VNAT), the total number of international arrival in the first 9 months of 2013 reached the number of 5.5 million representing 13.12% growth over the same period of last year. Expansion of Vietnam tourism industry is forecasted to continue cherishing number of development opportunities in which hopitality could be clearly seen one of the most potential sectors. Read More “Vietnam hospitality market and foreign investors (Nov 2013)”
Vietnam coal industry, demand is going to surpass supply
On February 7th, Prime Minister of Vietnam, Nguyen Tan Dung, issued Decision no.314 QD-TTg to approve for the restructuring plan of Vinacomin Corporation (Vietnam Coal and Minerals). Being an aggregator for the coal industry, many place high expectations on Vinacomin for their plan to fix/tackle some current market issues.