Vietnam – a promising market for famous brand names
(VOV) - Vietnam is considered a huge potential market for luxury watches, says Phillippe Leopold-Metzger, Chief Executive Officer of Piaget – a watch making and fine jewelry brand.
He says Piaget is very keen on expanding its market to China, Thailand, Cambodia, Vietnam and other countries in Southeast Asia.
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| Piaget CEO Phillippe Leopold-Metzger |
Piaget, a branch of Richemont known as one of the three largest luxury goods holding companies in the world, is increasing investment in the region. So far, it has opened two shops in Hanoi and Ho Chi Minh City.
A recent research by Credit Suise group – a Swiss advisory service provider, predicts that there will be 18 more billionaires in the world in the next five years, most of whom come from newly-emerging countries, including “new Asian tigers”.