To date, Cosmobeauté Vietnam is acknowledged as the market leader of the industry in Vietnam, as it reflects the entirety of the industry, providing opportunities to both ASEAN and overseas companies from all aspects of beauty industry in cosmetics and perfumery, aesthetics and spa, nail, hair and accessories, halal, organics and natural products, packaging and raw materials.
Cosmobeauté Vietnam reassure its position as the biggest beauty trade exhibition in Indochina region all thanks to the presence of the international pavilions from all over the world, which enables all type of beauty businesses to achieve greater visibility with local distributors, retailers, and partners. Continuing to grow at bigger scale over the years, Cosmobeauté Vietnam is welcoming more international exhibitors at the 10th anniversary.
After the great success of Spain Pavilion during Cosmobeauté Indonesia that attracted local distributors and retailers, and numbers of businesses had developed, we officially welcome the FIRST ever Spain Pavilion to Cosmobeauté Vietnam. Brought by the Spanish Cosmetic, Toiletry and Perfumery Association (STANPA), Spain Pavilion will showcase an array of Spanish made brands and products aiming to venture into the Vietnam beauty market. Hair care, skin care, cosmetic, beauty equipment and salon furniture all the way from Spain will be showcased during the 3 days show from 18-20 April 2017!
Picture taken at Cosmobeauté Indonesia 2014
What is STANPA?
STANPA, the Spanish Cosmetic, Perfumery and Toiletry Association was founded in 1951, and represents the 85% of the manufacturing sector. It offers to the Spanish manufacturing of perfumery, and cosmetic products and related raw materials and exporting companies, institutional as well as technical, legislative and international support. The Spanish industry meets the highest European standards, and figures as the fourth larger investor in R&D in the last years in the European Union, constant research for new essences, natural products and raw materials made by the enterprises, operating with the utmost respect for the environment, has created a wide range of innovative, high quality products. Cosmetics and perfumery exports amount to €2.3 billion euros, ranking 5th in the European Union.
Vietnam’s economy expanded more than 6 percent for a second year, defying a regional slowdown to remain one of the world’s best performers as manufacturing surged.
Vietnam ranks among the world’s fastest-growing economies as its exports remained resilient to a global trade slowdown that’s hurting Singapore and China. Companies setting up plants in the country, such as Samsung Electronics Co., are transforming the nation into a manufacturing hub for electronics goods, including smartphones. The Asian Development Bank forecast Vietnam’s economic growth at 6.3 percent in 2017.
"Vietnam is in a sweet spot right now," said Frederic Neumann, co-head of Asian economic research at HSBC Holdings Plc in Hong Kong. "Strong growth will persist in the next several years. It is continuing to gain market share in exports and even giving China a run for competitiveness. Foreign companies continue to invest in Vietnam to take advantage of its highly competitive labor and low cost. The outlook is bright and it is one of the standout economies in Asia."
Benchmark five-year government bonds dropped for the first time in a week, losing four basis points to 5.64 percent. The benchmark VN Index fell as much as 0.3 percent before closing 0.1 lower in Ho Chi Minh City trading
Source: Bloomberg Market
Young population and increasing middle class have made Vietnam one of the most attractive emerging retail markets.
According to a recent report by global real estate service firm JLL Vietnam, investors from Japan, Thailand, France and South Korea have flocked to find opportunities in Vietnam. Thai firm, Berli Jucker Plc bought Metro Cash and Carry Vietnam for EUR655m, making it the biggest merger and acquisition transaction in 2014. Not long later, another big player from Thailand, Central Group also acquired Nguyen Kim electronics chain and then the Big C Supermarket.
In 2015, South Korea's top retailer Emart discount store chain was opened in Ho Chi Minh City. Meanwhile, another supermarket brand from South Korea, Lotte, has successfully opened 11 supermarkets and aims to increase the number to 60 by 2020.
After two years joining the retail market, Japan's Aeon Mall now owns four shopping malls, nearly 50 shops and said it expected to open 20 shopping centres in Vietnam by 2020. France's AuchanSuper also decided to expand the business by opening 17 supermarkets in Ho Chi Minh City and 20 shops in the northern region by 2020 after the success of its three Simply Mart stores and assessing the potential growth of local retail market.
As incomes per capita increases, locals now can afford to spend more, and Gap, Mango and Topshop are becoming more familiar with young people. In early September, Zara opened its first flagship store in Ho Chi Minh City and H&M is said to be completing procedures to enter Vietnam early next year.
The report pointed out that Vietnam's retail market has lots of room for growth with people aged 15-64 accounting for 70% of its 90 million population. From 2015 to 2020, its urban population is predicted to growth by 2.6%, one of the highest growth rates in the region.
Trang Bui from JLL Vietnam said, "Vietnam is the most dynamic emerging economy in South East Asia thanks to its increasing disposable incomes, rapid urbanisation and rising living standards."
American consulting firm Boston Consulting Group also assessed that the middle and upper classes will double in size by 2020. People with monthly incomes of over USD714 are the main target of retailers. In addition, credit cards have become familiar with the public and consumers are less worried about spending more. Increasing international tourists and better infrastructure are also important factors to attract investors.
"The competition has become increasingly fierce and only retailers with right strategies to meet market demand will gain greater market share," JLL wrote in its report.
Source: Vietnam Net Bridge