Articles worth reading
Image : Moody's warns of UK downgrade if Brexit deal weakens growth

Moody's warns of UK downgrade if Brexit deal weakens growth

person Orange Themes access_time Nov 02,2016

LONDON (AP) — Britain was warned Wednesday that it will have its credit rating cut if the country fails to get a good-enough deal on access to the European single market during its upcoming negotiations to leave the European Union.

Image : Japan in talks to deliver two coast guard ships to Philippines

Japan in talks to deliver two coast guard ships to Philippines

person Orange Themes access_time Aug 14,2016

The ships could be transferred to Manila to help patrol the disputed South China Sea, known in Vietnam as the East Sea.

Image : Comey faces complicated path under Trump administration

Comey faces complicated path under Trump administration

person Orange Themes access_time Nov 10,2016

WASHINGTON (AP) — FBI Director James Comey faces a complicated path under a Donald Trump administration. Does he try to serve out the remaining seven years of his term under a president who has publicly questioned the FBI's integrity? Or does he

Latest blog articles

Vietnam’s beauty industry is lucrative market

access_time Jul 17,2016 chat_bubble_outline 75 views
With tax reductions for beauty industry products included in free trade agreements (FTAs), Vietnam is seen as a promising market for cosmetics firms and foreign suppliers of beauty-care machines and equipment.

Vietnam’s beauty industry is lucrative market

According to Dao Thu Huong from the Ministry of Finance, under the Vietnam-South Korea FTA, Vietnam committed to cut tariffs on 200 products imported from South Korea, including cosmetics. 

This would pave the way for South Korean cosmetics to flock to Vietnam in the time to come. In early 2010, South Korea could only export seven product lines to Vietnam. However, even with the restriction, the cosmetics import turnover from the market was high at $12.7 million.

During that time, preliminary statistics showed that with the high growth rate of 10-20 percent per annum and nearly no rival, foreign cosmetics companies dominated the market worth $150 million a year.

Beauty salon chains have been thriving in Vietnam. Guardian, a brand of Dairy Farm Group, has 39 shops after five years of presence in Vietnam. Orient Beauty Corp, which has distributed SkinFood’s products in Vietnam since 2011, now has 20 shops. Body Shop has developed 20 shops in Hanoi and HCMC since 2009.

Analysts predicted that from 2017-2018, when the import tariff is cut to 20 percent, South Korean cosmetics would be even more commonly used in Vietnam’s beauty industry.

Not only products from South Korea, but cosmetics from Japan, Thailand and Malaysia would also have opportunities to conquer the Vietnamese market as Vietnam has also signed FTAs with many other countries.
With tax reductions for beauty industry products included in free trade agreements (FTAs), Vietnam is seen as a promising market for cosmetics firms and foreign suppliers of beauty-care machines and equipment.
This explains why the number of cosmetic firms attending Cosmobeauté, a well-known exhibition event, has been increasing steadily over the last nine years.

CP Saw, president of Cosmobeauté, said many businesses came to the exhibition to look for clients because they saw great potential in the Vietnamese market.

According to Nielsen, the demand for beauty products in Vietnam was still modest in 2014 with each Vietnamese spending $4 a year on cosmetics, 1/5 of that in Thailand ($20 per head per annum). 

Commenting about the market scale, a representative of Phuong Mai JSC, which distributes water filters made by Mitsubishi Rayon Cleansui priced at VND50 million and higher, said not only spas and beauty salons, but consumers also order products, which shows an improved awareness of Vietnamese about health care.

However, though the domestic market is large, it is not the place for investors to set up factories. Nguyen Thanh Thao, deputy chair of the HCMC Cosmetics Association said that some foreign invested enterprises have stopped production in Vietnam and left for Malaysia and Thailand.
DNSG Read on the original site
It may not be the White House, but Clinton declares she is 'out of the woods'

Several months after losing the 2016 presidential election in a surprise result, Hillary Clinton may be ready to return to the political arena.On Tuesday, the former Democratic presidential candidate spoke to a packed house of 6,000 for the Professional BusinessWomen of California conference at the Moscone Center in San Francisco. In what was one of her first major speeches since the election, she joked about her defeat, quipping that there was no place she would rather be, “other than the… chat_bubble_outline Read More...

Best year ever: Vietnam greets 10 millionth tourist

Vietnam welcomed its 10 millionth foreign tourist of 2016 on Sunday afternoon, marking a booming tourism year that exceeded all expectations. Michael Tonge of the United Kingdom was greeted with flowers at Phu Quoc airport by central and local authorities. Tonge said he had seen many tourists return from Vietnam who were thrilled with its beautiful beaches and amazing food. Michael Tonge from the U.K. is welcomed by Vietnam's foreign minister Nguyen Ngoc Thien in Phu Quoc on Sunday. Photo… chat_bubble_outline Read More...

Reality Winner’s lawyer says don’t focus on her anti-Trump tweets

The lawyer for Reality Leigh Winner, the National Security Agency contractor accused of leaking classified information, doesn’t believe her tweets railing against President Trump will be allowed in court.“We can talk about them all day long on television,” Titus Nichols, Winner’s attorney, said in a CNN interview on Tuesday morning. “When it comes to the actual trial or court proceeding, that’s going to be a different matter.”Winner, a 25-year-old former Air Force linguist from Augusta, Ga.,… chat_bubble_outline Read More...

Have aliens visited Earth? Space tycoon Robert Bigelow certainly thinks so

Are extraterrestrials walking among us? A belief that aliens have visited Earth — and may even have stayed here — has long existed among conspiracy theorists and over-eager sci-fi fans. But those beliefs have not been echoed by the sort of people who have regular contact with Nasa — until now.Space tycoon Robert Bigelow, whose company Bigelow Aerospace built expandable space habitats for the International Space Station (ISS), believes aliens have visited the planet — and may even be living… chat_bubble_outline Read More...

Saudi arrests Yemenis suspected of rebel ties: report

Riyadh (AFP) - Twelve people have been arrested in southern Saudi Arabia on suspicion of belonging to a Yemeni rebel group fighting the kingdom, a newspaper reported on Thursday.They were detained during a wide-ranging crackdown in the border region of Najran, Al-Riyadh newspaper said."The campaign also resulted in the arrest of 12 Yemenis suspected of belonging to the Huthis," it said.Yemenis have traditionally been by far the largest contingent of illegal immigrants in Saudi Arabia.Since… chat_bubble_outline Read More...

folder_open Assigned tags



Trends in Singapore

Trends in Indonesia

Trends in Philippin