Foreign cosmetic exhibitors introduce products in HCM City
Nearly 200 cosmetics producers and firms from Japan, the Republic of Korea (RoK), Singapore, Hong Kong (China) and India are displaying products and services at a fair in Ho Chi Minh City.
Hanoi (VNA) – Nearly 200 cosmeticsproducers and firms from Japan, the Republic of Korea (RoK), Singapore, HongKong (China) and India are displaying products and services at the Mekong Beauty Show in Ho ChiMinh City.
The three-day event, which opened on June 15, aims to help exhibitors establishpartnerships with potential importers, thus expanding markets for theirproducts.
Notably, 80 enterprises from the RoK – famous for its cosmetics, attended theevent for the first time.
Vietnam is considered one of the most promising cosmetic markets in the MekongSub-region as some 60 percent of the country’s population are young peopleunder 35.
The International Monetary Fund forecasted that four nations in the region includingVietnam, Cambodia, Laos and Myanmar, will reach a combined GDP of 441 billionUSD by 2020. The region is an emerging market for consumption of beauty productswith annual estimated growth of 30 percent.
According to Nguyen Van Minh, Vice Chairman of the Vietnam Association of Oil, Aromas and Cosmetics, the Vietnamesemarket consumes 2 billion USD worth of cosmetics per year.
The number of middle-income consumers, who have high command for cosmetics inthe country, is predicted to rise to 33 million by 2020.-VNA
The domestic cosmetics market has never been as vibrant as it is at present, with Vietnam having joined various free trade agreements which slash import tariffs on cosmetics to 0 – 5 percent.
A large number of domestic and foreign exhibitors are showcasing their products at Lifestyle Vietnam 2017, one of the largest home décor and gifts fairs in Southeast Asia, from April 18-21 in Ho Chi Minh City.
Twenty-six businesses in Vietnam have registered to invest 5 trillion VND (221 million USD) in farming and production of Ngoc Linh ginseng in the Nam Tra My district of the central province of Quang Nam.
More than 150 Thai businesses are showcasing their best products at the annual fair Top Thai Brands 2017 that kicked off in Ho Chi Minh City on May 11.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
(Source: //auschamvn.org) 
