Spending falls amid COVID-19, but luxury brands continue to open in Vietnam s busy retail market Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
12/12/2020 07:03 GMT+7
While Covid-19 has caused financial hardship for many, it has not hurt the wealthy, who are still buying luxury items but not at the same level as they did before the pandemic.
A luxury shop located at a 5-star hotel in the central area of Hanoi displays handbags priced at thousands of dollars, which are out of reach for most consumers except for the wealthy.
Compared to other regional countries, however, consumer demand has been relatively stable in Vietnam, though the number of foreign travelers has dropped sharply. That is why luxury brands are still flocking to Vietnam despite Covid-19.