Vietnam's US$2 billion cosmetics market controlled by foreign brandsVietNamNet Bridge - Vietnamese spend an average of $4 a month per capita on beauty products and services, while women spend VND140,000 (nearly $6) a month. Every Vietnamese woman spends $6 a month on cosmeticsA report from Mintel shows that the value of the cosmetics market may reach $2.35 billion by 2018. Noting that the figure was $1.78 billion, Vietnam has had the highest growth rate in the cosmetics industry. However, Vietnam-made products are still unpopular.Foreign brands are dominating the cosmetics market, especially the high-end market segment. RELATED NEWSAnother cosmetics brand bought by foreign companyNatural cosmetics are vitalisedKim Chi

Source: VietNamNet News April 10, 2018 05:03 UTC