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General Department of Vietnam Customs announced that Vietnamese textile export turnover of 2014 increased by 23.9% compared to the previous year, reaching 24.89 billion USD, prospected to be ranked as the world’s third largest textile exporter. Read More “Developing textile & supporting industries to reach TPP agreement”
In 2013, 80% of the total consumption was generated from traditional sales channels such as markets and grocery stores. On the other hand, demand for modern sales channels is on the rise, as foreign investment in the market is increasing, the use of convenience stores and mini supermarkets has gradulally become popular. Read More “Promote the competition in convenience store market (Oct 2014)”
How far will Vietnam’s government go to make a competitive electricity market?
Vietnam is promoting the development of electric power industry by increasing the competitiveness of this market.
Mobile game market is a new market starting to operate in Vietnam only four years ago, with the market size from 6 million USD in 2011 which has increased to 15 million USD in 2013 (data collected from the revenue of officially released games in the market, excluding the revenue of the game without a license). Read More “Mobile game – The long term growth of domestic enterprises”
The online game market in Vietnam is growing rapidly. The domestic market size in 2012 was 250 million USD; 4.5 times as much as that of 2007, which was only 55 million USD (data obtained from the turnover of games officially released on the market, excluding the revenue from games with no license). Read More “Online games market on the rise”
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)”