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ITALIAN COSMETIC SUPPLIERS SEEK OPPORTUNITIES IN VIETNAM


ITALIAN COSMETIC SUPPLIERS SEEK OPPORTUNITIES IN VIETNAM


From January 18 to 21, 2010, a delegation of seven Italian hair care, body care and professional spa products suppliers have visited Hochiminh City and Hanoi, Vietnam to explore the possibility of penetrating the country’s cosmetic market where demand for foreign natural cosmetic products is strongly growing.

The visit is part of the “Made in Italy†program, organized by the Italian Trade Commission (ICE) and Italian Association of Cosmetic Industries (UNIPRO), to promote Italian cosmetic business in Vietnam and facilitate the establishment of deeper business relations between companies of the two countries.

The seven delegates include general directors and export managers from leading Italian cosmetic manufacturers who had established contacts with local importers and distributors through business-to-business meetings. So far, 103 appointments have been arranged to help bring businesspeople from both sides closer together.

As part of the working program, a seminar on Italian and Vietnamese cosmetic industry was organized to help participants understand the demand and supply from two countries. Additionally, the audiences also had the opportunity to catch up with the most updated information and developing trend of local retail industry through presentation from Association of Vietnam Retailers.

Vietnam with the population of 86 million people, of which more then 60% is under 35 years old, and its hot, wet climate will most likely develop a strong demand for cosmetics. The Vietnamese consumer loves foreign natural cosmetic products, one the fields of specialization of Italian companies.

On the other hand, with 600 producing companies and 300 exporting companies, Italian cosmetics industry is the world’s fifth largest. It enjoys a strong reputation not only because of the numerous brands found in the peninsula, but also because of their superio quality, the relative low incidence of counterfeit products trying to imitate them and their reasonable price. The combination of all these factors creates a strong business case for Italian cosmetics producers to invest in an increase of their presence on the Vietnamese market.

Please click here to download the list of Italian participants

For further information about Italian cosmetic business in Vietnam, please contact:
Italian Trade Commission
Trade Promotion Section of Italian Embassy
11 Doan Van Bo Str., Ward 12, District 4,
Hochiminh City - Vietnam
Tel: +84.8 38269646
Fax: +84.8 38269647
Email: hochiminh@ice.it

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