Market Report, "Apparel Specialist Retailers in Vietnam", Published
Apparel specialist retailers witnessed a current value decline of 6% from 2011 to reach sales of below VND23 trillion in 2012. Decline was due to the economic slowdown. In 2012, the Vietnamese economy encountered many difficulties, such as high inflation, an unstable financial system and increasing fuel and food prices. As a result, many consumers, especially low-income consumers, cut their spending on less essential items such as apparel.
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