Vietnam’s emerging middle class will continue to drive the demand for consumer goods, such as clothing and footwear, household durables, communication, education and healthcare. The Importance of Trade The middle and affluent class depends upon economic growth and trade integration to improve its s...
If this happens, Vietnam will have a sizable middle-class population with a fair amount of disposable income. Naturally, this will lead to a rise in consumption. So, more foreign investors will likely choose to invest in Vietnam as it’ll offer them higher corporate sales and increased sto...
The article reports that the booming youth population and middle class in Vietnam is attracting the interest of myriad brands as their predilection for beauty continues to post solid growth. The authors state that according to Euromonitor International Inc., Vietnam's personal ...
Population: 71.7 mn GDP: US$536.2 bn GDP per capita: US$7,651 Trade with HK: 4th largest trading partner in ASEAN Detail ASEAN Ascends – Vietnam Evaluated: Industrial Parks Facilitate Foreign Businesses’ Supply Chain... 26 June 2024 ...
Vietnam currently has the fastest-growing middle-class population in Southeast Asia, boosting the demand for high-quality healthcare services and products, with a particular preference for those with European and American origins. The hospital systems and health insurance providers are expanding, w...
In the last few years, numerous foreign brands have invested heavily in the market and are predicted to continue to do so, largely driven by rapid urbanization, increased spending, and growth of the middle-class population.FIND BUSINESS SUPPORT...
The home furniture industry in Vietnam is witnessing substantial growth, driven by the rapid urbanization and the expanding middle-class population in the country. This has led to an increased demand for residential furniture as more individuals are investing in home décor. Moreover, the growing ...
VIETNAM Population: 92.7m 5 Year average GDP Growth: 5.9% Literacy Rate: 93% Seeking to replace China as the factory of the world A major exporter of agricultural products such as black pepper, rice and coffee Bordered by China to the north, Laos to the northwest, Cambodia to the southwes...
Over the next decade, 36 million more consumers may join Vietnam’s consuming class, defined as consumers who spend at least $11 a day in purchasing power parity (PPP) terms.3 This is a major change. In 2000, less than 10 percent of Vietnam’s population were members of the consuming...
Asia for the Boston Consulting Group. She said unlike other emerging Asian countries, Vietnam's government investment in agriculture has created a rural middle class. She said the middle class has moved quickly into smaller towns and rural markets and is spread widely among the population. ...