Vietnam cosmetics market has become burgeoning investment heaven for many local and foreign investors. According to Statista.com, the cosmetics demand in Vietnam has spiked shockingly, with cosmetics import increased more than twice the amount since 2010: US$ 355 million in 2010 compared to US$ 790 million in 2018. Furthermore, due to increasing demand for cosmetic … Continued
A rapid evolution in Vietnam’s cosmetic industry cannot be denied. There is a growing number of Vietnamese middle-class population, which leads to the substantial growth of the cosmetic market as demand for cosmetics, especially in personal care and beauty products, has increased over the last few years in Vietnam. This rapid evolution has appealed to … Continued
The value of the cosmetic industry in Vietnam is forecast to double by 2020 reaching US$2.2 billion. Furthermore, Vietnam has worked on reducing tax prices of imported cosmetics by 0-5% through several free trade agreements signed with other countries. The current development of the cosmetic sector in Vietnam indicates tremendous potential for foreign entrepreneurs with … Continued
The US International Trade Administration report draws the global investors’ attention to Vietnam as a country with the highest market potential to import cosmetic products. The US$ 704.2 million worth of the cosmetic market (Nielsen 2013) shows a consistent 33% annual growth in market demand for foreign beauty products, the highest projected growth rate compared … Continued
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