Vietnam baby product market is promising
Vietnam is still in the “Golden Population Structure” stage. According to data from the General Statistics Office, an average of 1.56 million children are born each year in Vietnam, making it the country with the highest percentage of households with children in Southeast Asia. With this feature, Vietnam is a potential market for businesses providing products and services related to mothers and children.
Many free trade agreements have been signed, and tariff barriers have been reduced to help high-quality imported goods enter Vietnam with competitive and more reasonable prices, stimulating consumption. As a result, the revenue of the market of products and services for mothers and children in Vietnam can reach 7 USD billion with a growth rate of 30-40%.