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Vietnam: Why do luxury brands see great potential there?

Vietnam: Why do luxury brands see great potential there?

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Vietnam might be a small player compared to Japan and China in terms of luxury market size, but it has great potential to become a very profitable market in the near future according to Jing Daily.

 

Jing Daily, China’s luxury media outlet, said that the bright prospects of Vietnam’s luxury market can be attributed to its population’s rising income in recent years, with high-income consumers being the backbone of luxury consumption.

 

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