What is the size of the market for Vietnamese products brand?

Tam Son Company is known after he became the official distributor of Hermes.

The company has 10 stores exhibiting products of premium brands namely Hermes, Kenzo, Hugo Boss, Korloff, TAG Heuer, while plans to open 50 stores in 2015.

The sources said that the Son Tam is opening a store that sells replica watches and jewelery brand Chopard, which can be located in a shopping center Vincom. Chopard is a watch brand high as you have entered the most expensive watch in the world, worth $ 25 million.

In Vietnam, the concept of "luxury" is meant only as an expensive product, showing an early stage of market development of branded products.

Commenting on the opening of a number of brand stores Premium recently, analysts say foreign investors can see the huge potential market in future. Investment in time and investment would bring great benefits in the future.

Bubble

A large number of high-income Vietnamese are very surprised to learn that Gucci, Dolce & Gabbana Milano brand products have been found and the sale of counterfeit goods.

This demonstrates the strong pressure that Vietnamese distributors of branded products have to endure.

Women Handbags Hermes Berkin bears in Vietnam because they want to tell others, "I am rich. And I am powerful "

Articles However, traders Vietnamese brand are not yet confident enough to remain in power. Since the Vietnamese market is still small low purchasing power, branded products have made their entry into Vietnam through distributors.

It is estimated that hundreds of major brands are present in Vietnam. However, only 10 Vietnamese companies have been authorized by trademark owners as official distributor in Vietnam. Companies to import products themselves and distribute products directly to consumers through its network of retail stores.

Analysts have said a lot of branded shops have suffered losses, therefore, should try to evade taxes or the sale of counterfeit goods. In this way, they can help balance your business and use the benefits of this type of business to offset losses in other types of businesses.

A businessman in Ho Chi Minh City, who requested anonymity, said that although he had 10 stores in the central districts of Hanoi and Ho Chi for the past four years, still can not obtain benefits. It is very difficult to obtain a contract with the owner of the mark distribute products in Vietnam. However, there is still hope he can get it one day.

In Vietnam Duy Anh Fashion & Cosmetics Company is well known that the distributor of many high-end brands such as Burberry, Bulgari, Cartier, Rolex replica, Salvatore Ferragamo, Versace, Bally .... The company paid 110 billion VND in import tax and VAT so far this year, which shows the performance of business activities.

In fact, it is not easy to earn money by selling branded products. Lylian, Managing Director of the Company Duy Anh said that the biggest problem is retail. Brand owners always want stores that are found in large areas in malls. Meanwhile, these shops in Hanoi and Ho Chi have become very expensive, which means lower profits for retailers.