Zara Vietnam’s revenue in 2018 increased by six times to reached US$73 million over its 2017 figure. During three years of its operations, Zara Vietnam achieved a revenue of US$128 million. Its competitor H&M, which runs seven Vietnam stores, reportedly achieved a revenue of $33 million last year, double that of its first year in the country.
Along with three other Inditex’s brands, Massimo Dutti, Pull & Bear and Stradivarius, Zara is distributed by Indonesia’s Mitra Adiperkasa Group.
According to Mitra Adiperkasa’s financial report, Vietnam is Zara’s second-largest market after Indonesia. The company’s revenues in Vietnam last year almost doubled to its previous year’s figure and four times higher than its sales in Thailand.