Vietnam’s cosmetics market is worth $2.3 billion, but domestic companies pocket only 10 percent of the value. Analysts say Vietnam’s cosmetics market is relatively small compared with other markets. However, it has been growing very rapidly and is worth investing in. Vietnam is relatively small compared with other markets International experts predict that the middle-class population in Vietnam will reach 33 million by 2020. Mintel, a market analysis firm, estimated that Vietnam’s cosmetics market has the value of $2.3 billion this year. The domestic market is controlled by foreign names with 90 percent of market share. South Korea is the leading cosmetics supplier in Asia, including Vietnam. The country’s success in exporting cultural value is behind its success in the cosmetics industry, especially after South Korea signed an FTA with Vietnam in 2015. A report from the HCMC Cosmetics Association showed that 30 percent of revenue from cosmetics in … [Read more...] about How big is Vietnam’s cosmetics market?
Happy Birthday to our dearest VIR! 28 years of deep and dynamic journalism Luc Mandret - General manager MSLGROUP Vietnam VIR is a very trusting partner for MSL, as one of Vietnam’s top tier business media outlets. We are thrilled to partner with VIR for the quality of the holistic understanding of the business, with the most updated economic news, and insightful in-depth articles. VIR is an essential reading for business leaders, investors, and decision-makers in Vietnam. And for MSL as a communication agency, we really appreciate highlighting our clients’ prospective and financial news. It’s always a pleasure to work with VIR journalists: they are proactive, knowledgeable, and reliable in reporting accurate news and analysis. For us, VIR has been one of our key media partners. We highly appreciate the hard-working and dedicated reporters from VIR, who have supported us in many events and business stories for our clients in diverse sectors such as … [Read more...] about Happy Birthday to our dearest VIR!
VTVcab expects to acquire $261 million from IPO The Hanoi Stock Exchange recently released information about VTVcab’s IPO. Accordingly, it will offer 42.3 million shares, equalling a 47.84 per cent stake, on sale at the initial price of VND140,900 ($6.18). With the initial price, VTVcab is valued at VND12.45 trillion ($546.2 million). According to the equitisation plan, after the IPO, the state will still hold 51 per cent in the firm. The cable television provider was founded in 2012 under the direct management of Vietnam Television. The company mainly provides pay-TV services, advertisements, and wired telecommunication services. Launched in 2012, it has become one of the country’s largest pay-TV players in terms of subscribers and service range, broadcasting 200 channels in cooperation with other television service providers. VTVcab is also involved in digital, customised, and Internet TV services. It currently operates three subsidiaries, four affiliated companies, … [Read more...] about VTVcab expects to acquire $261 million from IPO
Vingroup will widen its retail system by taking over Queenland Mart After the acquisitions, from September 1, Queenland Mart membership cards will be transferred to VinID, the customer care programme of Vingroup. The Queenland Mart supermarket chain was established in 2014 under Vietnam Lotus Foods JSC to operate mainly in retail and the supermarket segment. Vinmart and Vinmart + are operated by VinCommerce. VinMart was formerly OceanMart supermarket chain. Vingroup then developed it by opening new stores and launching the VinMart+ convenience store system, as well as acquiring the FiviMart supermarket chain and the Shop & Go convenience store chain. Vingroup to acquire Shop & Go grocery store chain for $1 Vingroup and its VND-trillion M&A transactions Vinmart takes over Fivimart As of June 30, 2019, VinCommerce operated a system of 113 VinMart supermarkets and more than 1,900 Vinmart+ stores in 60 out of 63 provinces and cities. Entering the retail market … [Read more...] about Vingroup adds Queenland Mart to its M&A trail
Qualcomm Future of 5G workshop The Qualcomm Future of 5G workshop took place in the US on September 24-25, to discuss the 5G evolution ahead. The event, which attracted hundreds of journalists and analysts from the world, including those from VIR, focused on 5G and the Internet of Things (IoT). Dr James H. Thompson, executive vice president, Engineering & CTO Qualcomm Technologies, Inc., said that 2019 is the year of 5G – and 2020 will be the year of expansion. In the six months of 2019, mobile operators in North America, Italy, Australia, South Korea, Germany, China, Switzerland, Spain, and others launched 5G services, while many others in Japan, China, and Russia are planning to make a similar launch soon. Qualcomm says it is seeing new 5G NR devices and networks being launched at a rapid rate – significantly faster and more globally than LTE during its first year of commercial deployment. But this is just the beginning. Next year, it expects to see 5G … [Read more...] about 5G to proliferate to more smartphone tiers, device classes next year