Premium Beauty and Personal Care in Vietnam
Strong need amongst women and men to retain youthful appearance has
boosted growth of the skincare products business. In addition, rapidly
growing older demographics has led to a surge in demand for anti-growing
older products to stop wrinkles, age spots, dry pores and skin, and
uneven skin tone, thereby augmenting the Vietnam skincare products
According to Vietnam skin care merchandise market analysis, the market is segmented into product type, demographics, age group, and sales channel. Depending on product type, the market is categorized into cream, lotion, and others. By demographic, it's bifurcated into female and male. On the idea of age group, it's divided into generation X, millennial, and generation Z. As per gross sales channel, it is categorised into supermarket/hypermarket, specialty shops, department shops, beauty salons, pharma drug stores, and online sales channel.
Competition on beauty market in Vietnam
According to a report from the Society of Cosmetics of Ho Chi Minh City Foreign, cosmetic manufacturers have been dominating the market in Vietnam with over 400 foreign beauty businesses running presently, accounting for 90% of the Vietnamese market share. Among the four hundred overseas cosmetic companies, Korean manufacturers garner the best share of 30%, followed by brands from European nations (23%), Japan (17%), Thailand (13%), the U.S. (10%), and different nations (7%).
The major players working in the Vietnam skincare products are the LOral Group, the Procter Gamble Company, Unilever Vietnam, Estee Lauder Companies Inc., Shiseido Company Limited, and Avon Products Inc. The native companies embrace Dai Viet Huong Company Limited and Saigon Cosmetics Corporation.
Establish your individual cosmetic model
To begin promoting cosmetics merchandise in Vietnam, you first have to register your products and get government stage approval. Note that only the holder of the product registration can import the merchandise to Vietnam.
Vietnam follows the ASEAN Cosmetic Directive. The authorities physique that regulates beauty product registration in Vietnam is the Drug Administration of Vietnam (DAV) underneath the Vietnam Ministry of Health (MOH).
Cosmetics registration in Vietnam could be carried out by an organization or a person who is the brand owner or appointed by the model proprietor. However, either will need to have the function of cosmetics business in Vietnam.
Therefore, to import and register cosmetics products in Vietnam, you first want a company in Vietnam that also has the best to import cosmetics. The company should be registered as a wholesale trading firm or a retail gross sales firm, or both.
It is not hard to register and setup your corporation in Vietnam. When you want of product manufacturing, you also have solution for it. Instead of setting a big unit for manufacturing which additionally want plenty of funding, you can easy use the solution to outsource. Yes outsourcing the important thing to begin a new cosmetic business and develop your model with low value primarily.
Olehana, the dependable private label cosmetics manufacturers in china offers wide selection of merchandise for skin care and cosmetic. It process your demand of personal label cosmetics at affordable value. It has a big manufacturing unit which already producing giant scale of products upon shopper's requirement.
https://www.olehanavietnam.com/ is the official website of Olehana Vietnam. You can visit and get in touch with Olehana to join hand on your non-public label product manufacturing.
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