DI-gest Asia Market Report
Quick takes on the views of our DI experts at the forefront of today’s trends
Vietnam’s Fashion Retail Sector
The Vietnam fashion market is currently valued at US$5.34 billion (2020), going doubled in a period of only 5 years, with a ’15-’20 CAGR of 14%. The two major product categories are Apparel (54%) and Footwear (33%), showing strong growth with ’15-’20 CAGR of around 15%. During COVID-19, the market’s retail value decreased slightly but is expected to recover soon
Vietnam’s Pharmaceutical Sector
Vietnam Pharmaceutical market is estimated at 7.7 Billion USD this year with a 16% CAGR (2012 – 2021), more than double that of the nation’s GDP (7%). Compared to neighboring economies, the low average of pharmaceutical spending per capita is suggesting more room for future growth. The market value is projected to reach 16.1 Billion USD in 2026.