SIDEBAR: SNAPSHOT OF LUXURY DEMAND IN VIETNAM
April 1st, 2011
BY KARRYN MILLER
Vietnam's General Statistics Office announced that the country imported US dollars USD10 billion worth of luxury products in 2010 (as reported in Vietnam's national newspaper Thanh Nien in January, 2011).
Recent consumer patterns in Vietnam indicate that there is strong interest in luxury brands, international franchises and high quality domestic goods (reported Savills Vietnam in a Ho Chi Minh City briefing issued in January, 2011).
BCBGMaxazria, Axara, Giorgio Armani, Gucci, Ermenegildo Zegna, Cartier, Valentino and Chanel all opened stores in ...
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