Vietnam has been seen as an attractive market to Thai cosmetics businesses as local people are showing a preference for made-in-Thailand products.
Thai Consul General to Ho Chi Minh City Malinee Harnboonsong said with high quality and reasonable prices, Thai cosmetics and personal care products are becoming more popular among Vietnamese consumers, especially the youth.
According to the official, Thailand shipped 2 billion USD worth of cosmetics abroad in 2013, 26 percent of which was delivered to the Southeast Asian region.
As the world’s second largest shampoo supplier and 12th largest skin care product exporter, Thailand earned 250 billion THB (nearly 7 billion USD) from the cosmetics industry in 2014.
The figure is projected to climb to 275 billion THB (7.6 billion USD) this year, said Ketmanee Lertkitcha, President of the Thai Cosmetics Manufactures Association.
She said the ASEAN Economic Community, scheduled to be formed by the end of this year, will present an ideal opportunity for the country to expand its market to Vietnam, Laos, Cambodia and Myanmar as well as on a global scale.
Economists suggested Vietnamese and Thai businesses cooperate in this field, since Vietnam’s cosmetics market has notably developed over the past years and Thailand boasts cutting-edge technologies, innovations in cosmetics production and personal care, as well as experience in spa and massage services.
While young Vietnamese people are turning towards natural and organic cosmetics, Thailand has an abundant resource of materials and self-contained production chains.
To promote its products, Thailand has organised numerous exhibitions and trade fairs annually in Vietnam, including COSMEX, which features cosmetics manufacturing and packaging machinery.
The COSMEX 2015 is due to take place in November, aiming to seek cooperation opportunities for Vietnamese and Thai businesses active in the field.
Trade between Vietnam and Thailand has increased by 13 percent annually over the past five years. In the first five months☂ of this year, the figure stood at 9.8 percent.-VNA
The Board of Investment of Thailand (BOI) is planning to take Thai investors to Vietnam with the objective of expanding investment opportunities in Ho Chi Minh City.
There will be a substantial injection of investment into Vietnam from Thai businesses in the near future, said the Chairman of the People’s Committee of southeastern Dong Nai province, Dinh Quoc Thai.
Vietnam and Thailand are striving to bring their two-way trade to 15 billion USD by 2020 as the former becomes an attractive destination for Thai visitors and the latter is the ninth largest tourism market for Vietnamese.
The recent increase in investment flows from Thai enterprises has shown that Vietnam is vital for Thailand's economy, especially after the ASEAN Economic Community comes into effect in 2015.
More than 70 Thai enterprises were briefed on potential investment opportunities at a conference held by the central Quang Tri province People’s Committee.
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.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Photo: Internet)
