Many local fashion brands have taken back market share in the low and
medium-cost segments that have formerly been dominated by Chinese-made
products.
So-called fashion streets such as Le Van Si,
Hai Ba Trung and Nguyen Dinh Chieu as well as shopping centres in HCM
City have been crowded with many visitors.
Evenings have been especially busy at Ha Gatini, Ninomax, N&M, Viet Thy, Viet Tien and An Phuoc stores.
At Nhat Ha Company's Ha Gatini shops, the manufacturer has launched a
series of new products aimed at middle-income consumers in Tet (Lunar
New Year) and in the early days of New Year.
Many customers have been willing to spend around 300,000 VND (14.4 USD) each on dresses of this brand.
Similarly, customers aged 16-23 have flocked to Ninomax shops, which
belongs to the Viet Fashion Joint-Stock Company, for eye-catching
colours and various designs.
With a price of only
300,000-500,000 VND (14.4-24 USD) for a shirt for men, An Phuoc and Viet
Tien shops are priority options for male customers.
Chinese-made products at fashion and accessory shops on Le Van Si and
Nguyen Dinh Chieu streets have seen a decline in sales, especially for
clothes of women, although prices are only 200,000-500,000 VND (9.6-24
USD).
Phan Van Kiet, deputy general director of Viet Tien
Garment Co, said sales have increased by 25-30 percent compared to the
same period last year.
Currently, Viet Tien has increased
supply by 25-30 percent of volume to meet demands for Tet. Favourite
items are selling between 250,000 VND(12 USD) and 600,000 VND (28.8
USD).
Viet Tien has increased its stock of Viet Long items
targeted at low-income earners by 60 percent. The average price is
between VND180,000 (8.6 USD) and 250,000 VND (12 USD).
The company also targets the high-cost segment with jackets priced between VND2.5 and 5 million VND (120-240 USD).
"The sale volume of local companies has jumped sharply because the
period for sales of unknown-origin products with cheap prices but low
quality, including Chinese items is over," Kiet said.
Sales for the Vietnam Textile Fashion Trading Limited Company (Vinatex Mart) stores have surged since the Christmas season.
Pham Thi Quynh Ny, marketing director of Vinatex Mart, said the company
has spent about 500 billion VND (24.03 million USD) on goods for the
Tet shopping season. This year's volume of goods increased by 57 percent
compared to last year.
Currently, turnover in all of
their shops is 9 billion VND (432,692 USD) a day, an increase of 192
percent compared to normal days.
Dang Quynh Doan, director
of Viet Thy Fashion Co, said sales for local products have risen partly
because consumers have turned their backs on Chinese products.
Viet Thy's products priced between 150,000 VND and 260,000 VND had
faced stiff competition from Chinese items during previous Tet shopping
seasons, but they are now selling well.
"Chinese products
sell only 10,000-15,000 VND cheaper than local items because production
costs in China are no longer cheap," she said.
Footwear has entered the peak sales season, at a price of about 300,000 VND each for Chinese-made products.
Compared to locally made items at similar prices, most consumers decide
to choose Vietnamese-produced items because they are concerned about
unsafe and unknown-origin materials used for imported products.
Fashion footwear is mainly produced in districts 4,6,8,12 and Hoc Mon./.