Market Forecast By By End User (Men, Women, Kids), By By Type (Formal Wear, Casual Wear, Sports Wear, Night Wear, Other), By By Type (Formal Wear, Casual Wear, Sports Wear, Night Wear, Other) And Competitive Landscape
Product Code: ETC213462 | Publication Date: May 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
The Vietnam Apparel Market is poised for steady growth rate improvements from 2025 to 2029. The growth rate starts at 14.05% in 2025 and reaches 18.62% by 2029.
In the Asia region, the Apparel market in Vietnam is projected to expand at a high growth rate of 14.91% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.
The Vietnam apparel market is a vibrant sector driven by a combination of factors, including evolving fashion trends, economic growth, and a robust manufacturing base. As a key player in the global textile and garment industry, Vietnam`s apparel market is characterized by a diverse range of products, from casual wear to high-end fashion. Factors such as international trade agreements, sustainability practices, and e-commerce trends contribute to the market`s dynamics, shaping the competitive landscape and influencing consumer choices.
The Vietnam Apparel market is witnessing dynamic growth, driven by several key factors. The country`s robust textile and garment industry, supported by skilled labor and favorable trade policies, contributes significantly to market expansion. The increasing disposable income of the population and changing consumer preferences towards fashionable and sustainable clothing further boost the demand for apparel. The growth of e-commerce platforms and the rising trend of online shopping also play a pivotal role in expanding market reach. Moreover, the presence of a diverse range of apparel manufacturers and the focus on quality and innovation contribute to the overall positive outlook of the Vietnam Apparel market.
The Vietnam Apparel market grapples with challenges related to labor costs, supply chain complexities, and the evolving landscape of fashion trends. The industry`s heavy reliance on manual labor makes it vulnerable to fluctuations in labor costs, particularly as the country moves towards industrialization. Rapid changes in consumer preferences and the `fast fashion` phenomenon necessitate agile supply chain management, requiring companies to balance speed and sustainability. Moreover, the sector faces scrutiny regarding ethical manufacturing practices and environmental sustainability, compelling apparel manufacturers to adopt responsible and transparent business models.
The Vietnam Apparel market faced challenges during the COVID-19 pandemic, with disruptions in the global supply chain and a decline in consumer spending. As fashion and retail activities recover, the market is expected to rebound, driven by the growing demand for sustainable and trendy apparel.
In the vibrant Vietnam Apparel market, key players such as Vinatex, Garment 10 Corporation, and TNG Investment and Trading JSC are pivotal contributors. These companies are renowned for their diverse product offerings, manufacturing capabilities, and commitment to ethical and sustainable practices. Their strong market presence, extensive distribution channels, and emphasis on innovation position them as major players in meeting the diverse fashion preferences of consumers and driving the growth of the Vietnamese apparel industry.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Apparel Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Apparel Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Apparel Market - Industry Life Cycle |
3.4 Vietnam Apparel Market - Porter's Five Forces |
3.5 Vietnam Apparel Market Revenues & Volume Share, By By End User, 2021 & 2031F |
3.6 Vietnam Apparel Market Revenues & Volume Share, By By Type, 2021 & 2031F |
3.7 Vietnam Apparel Market Revenues & Volume Share, By By Type, 2021 & 2031F |
4 Vietnam Apparel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Apparel Market Trends |
6 Vietnam Apparel Market, By Types |
6.1 Vietnam Apparel Market, By By End User |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Apparel Market Revenues & Volume, By By End User, 2021-2031F |
6.1.3 Vietnam Apparel Market Revenues & Volume, By Men, 2021-2031F |
6.1.4 Vietnam Apparel Market Revenues & Volume, By Women, 2021-2031F |
6.1.5 Vietnam Apparel Market Revenues & Volume, By Kids, 2021-2031F |
6.2 Vietnam Apparel Market, By By Type |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Apparel Market Revenues & Volume, By Formal Wear, 2021-2031F |
6.2.3 Vietnam Apparel Market Revenues & Volume, By Casual Wear, 2021-2031F |
6.2.4 Vietnam Apparel Market Revenues & Volume, By Sports Wear, 2021-2031F |
6.2.5 Vietnam Apparel Market Revenues & Volume, By Night Wear, 2021-2031F |
6.2.6 Vietnam Apparel Market Revenues & Volume, By Other, 2021-2031F |
6.3 Vietnam Apparel Market, By By Type |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Apparel Market Revenues & Volume, By Formal Wear, 2021-2031F |
6.3.3 Vietnam Apparel Market Revenues & Volume, By Casual Wear, 2021-2031F |
6.3.4 Vietnam Apparel Market Revenues & Volume, By Sports Wear, 2021-2031F |
6.3.5 Vietnam Apparel Market Revenues & Volume, By Night Wear, 2021-2031F |
6.3.6 Vietnam Apparel Market Revenues & Volume, By Other, 2021-2031F |
7 Vietnam Apparel Market Import-Export Trade Statistics |
7.1 Vietnam Apparel Market Export to Major Countries |
7.2 Vietnam Apparel Market Imports from Major Countries |
8 Vietnam Apparel Market Key Performance Indicators |
9 Vietnam Apparel Market - Opportunity Assessment |
9.1 Vietnam Apparel Market Opportunity Assessment, By By End User, 2021 & 2031F |
9.2 Vietnam Apparel Market Opportunity Assessment, By By Type, 2021 & 2031F |
9.3 Vietnam Apparel Market Opportunity Assessment, By By Type, 2021 & 2031F |
10 Vietnam Apparel Market - Competitive Landscape |
10.1 Vietnam Apparel Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Apparel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |