Business

Italian cosmetics firms seek Vietnamese partners

Executives from seven Italian cosmetics makers met Vietnamese counterparts in Ho Chi Minh City on Jan. 18 to seek business opportunities.
Executives from seven Italian cosmeticsmakers met Vietnamese counterparts in Ho Chi Minh City on Jan. 18 toseek business opportunities.

Italian cosmetics, including makeup, hair and skin products andperfumes, had a late start in the Vietnamese market compared to otherItalian products, so it would take a while to develop a presence.

Vietnam’s imports of Italian cosmetic products was 1.5 million USD in2007 and 2.8 million USD in 2008, accounting for 1.5 percent and 3.5percent of the market share in Vietnam, respectively./.
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