×
167
Fashion Jobs
LE HUMAN RESOURCES SOLUTIONS PVT LTD
Production Manager
Permanent · Pune
FIRST MERIDIAN BUSINESS SERVICES
Head Production Manager
Permanent · Gurugram
ADECCO INDIA PRIVATE LIMITED
Sales Manager
Permanent · Mumbai
ALEMBIC PHARMACEUTICALS
Area Development Manager
Permanent · Pune
LEVI'S
Technical Product Manager
Permanent · Bengaluru
THE SEARCH HOUSE (A DIV OF JSD SEARCH HOUSE PVT. LTD.)
Manager Production-Sheet Metal (Laser /Punching/ Press Break)
Permanent · Bhiwadi
ABHAY INDUCTION TECH PVT LTD
Sales Manager
Permanent · Ahmedabad
FREELANCER PRATIK PARIKH
Opening in Leading Life Insurance Company/ Area Business Manager
Permanent · Gandhinagar
MANISHMEDI INNOVATION
Area Sales Manager
Permanent · Hyderabad
OJB HERBALS
Area Sales Manager
Permanent · Ranchi
LIVE BIOTECH PRIVATE LIMITED
Area Sales Manager, Regional Sales Manager, Zsm
Permanent · Chennai
KM ELECTRONIC CABLES PVT. LTD
Area Sales Manager - Vijayawada
Permanent · Chennai
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
STAR UNION DAI ICHI LIFE INSURANCE (SUD LIFE)
Hiring- Area Manager - Bancassurance- Kolkata Metro
Permanent · Kolkata
NIKKO & CO.
Area Sales Manager /Sales Officers(5-10 Yrs Into Fmcg)
Permanent · Karimnagar
FUTURE GENERALI
Opening For Area Manager in Bangalore With Future Generali li
Permanent · Bengaluru
INFEXN LABORATORIES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
LENSKART
Area Operations Manager
Permanent · Chennai
ADECCO INDIA PRIVATE LIMITED
Job Opening For Area Sales Manager Role For Mnc Company
Permanent · Bengaluru
DR LAL PATHLABS
Area Sales Manager -Chandigarh
Permanent · Chandigarh
JOB INDIA
Regional Manager Sales (Backend Operations)Garments - Gurgaon
Permanent · Faridabad
Published
Oct 8, 2013
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Is Vietnam the new luxury hotspot?

Published
Oct 8, 2013

Salvatore Ferragamo has just opened in the heart of Hanoï – Vietnam’s capital - with a store in the Tang Tien Plaza. The store marks the brand’s fifth opening in the country since 2006 when the Florence-based company first pioneered in what is one of the world’s most promising luxury markets.

The Louis Vuitton store in Hô Chi Minh - Foto: DR


Louis Vuitton counts three stores in the country - one in Hô Chi Minh and a two further locations in Hanoï - while Burberry has four and Gucci, two. Emernegildo Zegna opened its first point of sale in Hô Chi Minh last year and is planning for a second in Hanoi in just a few months’ time.
“All of these luxury brands with an established network of standalone stores keep their eye on global activity and are always the first to invest in new markets. After having carved the way, other brands will begin to flock to Vietman and we should see the number of luxury stores here double before 2015,” said Armando Branchini, vice-presidnet of Altagamma, a foundation that unites Italian luxury brands.
After the implementation of a huge reform in 1986, Vietnam experienced strong growth and, in the space of just a few years, the economy developed considerably. Growth in 2013 is forecast at 5.5%. “Over the past ten years especially, growth has risen significantly thanks to the number of large multinational companies have transferred production to from China to Vietnam - especially in the footwear sector – where labour costs are significantly lower. That in turn has caused an emergence of the middle class,” said Armando Branchini.

Salvatore Ferragamo's latest store in Hanoï

Vietnam is also major tourist location for wealthy Asians and Westerners alike and has seen a plethora of shopping centres and luxury hotels crop up over recent years. Unlike India and other emerging luxury markets, Vietnam also benefits from no customs barriers making it an attractive shopping location. Even brands mid-range brands are starting to tap into the country’s potential, with labels like Stefanel – which opened its first store here in 2012 - seeking out locations in Vietnam’s shopping centres.

Copyright © 2022 FashionNetwork.com All rights reserved.