{"id":1705,"date":"2021-09-11T13:38:44","date_gmt":"2021-09-11T06:38:44","guid":{"rendered":"http:\/\/bgasia.vn\/fitness-industry-grows-as-vietnam-becomes-body-conscious\/"},"modified":"2021-10-17T13:53:06","modified_gmt":"2021-10-17T06:53:06","slug":"fitness-industry-grows-as-vietnam-becomes-body-conscious","status":"publish","type":"post","link":"https:\/\/bgasia.tflstudio.com\/en\/fitness-industry-grows-as-vietnam-becomes-body-conscious\/","title":{"rendered":"Fitness industry grows as Vietnam becomes body conscious"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1705\" class=\"elementor elementor-1705 elementor-1\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9590416 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9590416\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0001e33\" data-id=\"0001e33\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4d84a7b elementor-widget elementor-widget-text-editor\" data-id=\"4d84a7b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.7 - 03-07-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>With interest in fitness activities picking up in Vietnam, gymnasium chains are earning big bucks.<\/p>\n<p>California Fitness and Yoga reported revenues of over VND300 billion ($12.85 million) in 2018, up 6 percent from 2017 and 60 percent from 2016.\u00a0It is the leader with 32 centers across the country and 100,000 members.<\/p>\n<p>The chain, founded by an American, is part of the California Management Group (CMG) which entered Vietnam in 2007 and also owns other fitness centers such as California Yoga Plus and UFC Gym, which teaches mixed martial arts.<\/p>\n<p>Elite Fitness reported revenues of VND465 billion ($19.91 million) last year, up 17 percent from 2017 and 60 percent from 2016.\u00a0It belongs to Lifestyle Vietnam and has 15 centers around the country.<\/p>\n<p>But there is a big gap between these two and the rest of the field. Fit24 belonging to German fitness chain EuroFit came to Vietnam in 2012 and reported revenues of VND25 billion ($1 million) last year.<\/p>\n<p>Industry insiders said gyms are costly affairs because all the equipment has to be imported. A small 300-square-meter facility costs VND500 million ($21,412) to set up, while a premium 2,500 sq.m gym costs at least $1.5 million. To scale up to 5,000 square meters\u2019 costs $5 million.<\/p>\n<p>These are only the initial investments, with gyms then having to spend large amounts of money on sales, marketing and hiring personal trainers.<\/p>\n<p>The fitness industry is expected to grow annually at 19.9 percent to be worth $112.7 million by 2020, according to Statistics Portal.<\/p>\n<p>A survey by local market research firm Q&amp;Me last year found that 80 percent of men and 73 percent of women,\u00a0aged 18-39,\u00a0are interested in going to the gym.<\/p>\n<p>Twenty-six percent spent from VND400,000 ($17.13) a month on gyms, the survey, which polled 868 respondents in Hanoi and HCMC, found.<\/p>\n<p>Major international sports equipment brands have entered Vietnam. French company Decathlon opened its first store in Vietnam in April with over 14,000 products, while Japan\u2019s Mizuno came in 2015.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a92b8dc elementor-widget elementor-widget-image\" data-id=\"a92b8dc\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.7 - 03-07-2022 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img width=\"800\" height=\"298\" src=\"https:\/\/bgasia.tflstudio.com\/wp-content\/uploads\/2021\/08\/img-4-1024x381.jpg\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/bgasia.tflstudio.com\/wp-content\/uploads\/2021\/08\/img-4-1024x381.jpg 1024w, https:\/\/bgasia.tflstudio.com\/wp-content\/uploads\/2021\/08\/img-4-300x112.jpg 300w, https:\/\/bgasia.tflstudio.com\/wp-content\/uploads\/2021\/08\/img-4-768x286.jpg 768w, https:\/\/bgasia.tflstudio.com\/wp-content\/uploads\/2021\/08\/img-4-1536x572.jpg 1536w, https:\/\/bgasia.tflstudio.com\/wp-content\/uploads\/2021\/08\/img-4-1568x584.jpg 1568w, https:\/\/bgasia.tflstudio.com\/wp-content\/uploads\/2021\/08\/img-4.jpg 1920w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>With interest in fitness activities picking up in Vietnam, gymnasium chains are earning big bucks.<\/p>\n","protected":false},"author":1,"featured_media":898,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[28,45],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.4 (Yoast SEO v19.3) - 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