Vietnam consumes $2 billion cosmetics a year

SGGP
The Vietnamese market consumes about US$2 billion of cosmetics per year, reported deputy chairman of Vietnam Association of Oil, Aromas and Cosmetics Nguyen Van Minh.

A customer choose cosmetics at a shop in Cach Mang Thang Tam street, HCMC (Photo: SGGP)

A customer choose cosmetics at a shop in Cach Mang Thang Tam street, HCMC (Photo: SGGP)

Consumption of cosmetics products strongly increases amongst the middle income consumers, forecast to reach 33 million customers by 2020.
In related news, nearly 200 businesses from Japan, South Korea, Singapore, Hong Kong and India will attend Mekong Beauty Show 2017 at Saigon Exhibition and Convention Center, District 7, HCMC from June 15-17.
At the event, they will seek importers and trading opportunities in the potential cosmetic market of Vietnam.

By GIA HAN – Translated by Hai Mien

Other news

Most view

Banking-finance

Economy

Committee reviews marine economy

The National Assembly (NA) Standing Committee yesterday reviewed the development of the marine economy along with national defence and security in 2011-16.
 

Self - introduction

Stock market

SMC buys 2mln shares of Nam Kim Steel

SMC Investment & Trading JSC (SMC)'s shareholders have approved plan to buy 2 million shares of Nam Kim Steel Corp (NKG), priced at VND 27,000 per share in September.