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Free Trade Agreement between Vietnam and the EU to Take Effect in 2018: Vietnam will Become a very Prominent Beauty Market valued at USD 2.2 billion in 2020

 
     
 

According to data from Trade Map of the International Trade Centre (ITC) and World Bank (WB), the imported cosmetics market in Vietnam was valued at almost USD 500 million in 2011 and has grown to more than USD 1.1 billion in 2016. This figure is forecasted to continue to double, to about USD 2.2 billion in 2020. The EU holds the second biggest market share in the export of cosmetics into Vietnam at 19%.

 
     
   
     
 

Topping the list of cosmetic products imported into Vietnam are perfumes (55%) and makeup products (21%). The remaining product lines, which include hair care, shaving creams and oils, accounted for 2-8%.

 
     
   
     
 

As a free-trade agreement (FTA) was signed between Vietnam and the EU in 2015 and is expected to take effect by early 2018, the EU-VN FTA will remove nearly all tariffs on trade and should provide significant new opportunities for companies on both sides, by increasing market access to goods and services.

 
     
 

Vietnam’s population is 40% female, with 20 million Vietnamese women aged 15 to 39. Today, Vietnamese women receive better education, have access to different sources to build their knowledge about a product and are updated on trends faster than ever. Vietnam has become one of the most prominent beauty markets for beauty players largely from Europe and especially now with the Free Trade Agreement.

 
     
 

Victory awaits those who can drive the market.
Be a part of vietbeauty 2017 and let us create opportunities for you!

 
     
   
 
 
 

Click here to view Vietbeauty 2016 show clip

About the show:
Organised by UBM Asia, the largest exhibition organiser in Asia and officially supported by the Ho Chi Minh City Chemical Cosmetics Association, Vietnam Essential Oils, Aromatherapy and Cosmetics Association, and Ho Chi Minh City Society of Plastic and Aesthetic Surgery, vietbeauty expects to see the participation of more than 200 leading suppliers from 15 countries and regions in the areas of cosmetics, skincare, hair care, nail care, spa and wellness products to beauty salons and aesthetic equipment, full packaging, labelling and ingredient sourcing for beauty manufacturers across Asia, as well as from other countries around the world. To know more about the event, please visit our show website at www.vietbeautyshow.com.

Dates: 23 - 25 August 2017 (Wednesday - Friday)
Venue: Saigon Exhibition and Convention Center (SECC), 799 Nguyen Van Linh, Tan Phu Ward, District 7, Ho Chi Minh
Show Opening Schedule
Wednesday, 23 August 2017, 09:00 – 17:00
Thursday, 24 August 2017, 09:00 – 17:00
Friday, 25 August 2017, 09:00 – 16:00