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