Today, the top three types of exercises in Vietnam are walking, running and working out. In a survey among urban citizens, about 80 percent of males and 73 percent of females stated that they were interested in going to the gym, mainly to gain muscles and to release stress. When choosing a gym, urban residents need the gym to be near their home or office, the price needs to be reasonable and modern equipment must be available. While males prefer using the treadmill and working out with machines, females are interested in yoga and using the sauna and spa.
Vietnamese citizens invest in sports by spending the highest amount on membership cards. The most popular gym brands are California Fitness and Yoga, Curves, Elite Fitness, Olympia Vietnam and Fit24. Elite Fitness and California Fitness and Yoga reported the highest revenues in 2018. In general, opening a gym can be costly due to gym equipment imports, the setting up of facilities as well as the recruitment of personal trainers. Yet, the number of health and fitness clubs in Vietnam reached 640 in 2017, surpassing Thailand, Indonesia, Singapore and Hong Kong.
Due to the rising interest in sports and fitness, the market for consumer goods related to sports was forecasted to grow in the next years. Hence, the sports nutrition market value was predicted to reach over one billion U.S dollars in 2020 while the production value of sportswear was projected to reach nearly three billion U.S. dollars by 2021. Further, major international sports equipment brands such as French company Decathlon and Japanese brand Mizuno have entered the Vietnamese market due to the growing health awareness and interest in fitness.
Moreover, the Ministry of Culture, Sports and Tourism holds a four-year multi-sport event called the “Vietnam National Games” where participants throughout the country establish teams to compete across a variety of sports to examine the training cycle of athletes, civil servants and trainers, to train the national athletes for competitions and to encourage provinces in training talented athletes.