Japan’s cosmetics and drugstore chain to open in Vietnam
Vietnam’s Lotus Food Group and Japan’s Matsumoto Kiyoshi Holdings have inked a business cooperation deal, said the Japanese famous drugstore chain on July 16.
Foreign tourists select products at a Matsumoto Kiyoshi store in Tokyo (Photo: Nikkei)Tokyo (VNA) – Vietnam’s Lotus Food Group and Japan’s Matsumoto Kiyoshi Holdings have
inked a business cooperation deal, said the Japanese famous drugstore chain on
July 16.
Under the pact, the two firms will set up a joint venture to develop and manage the Matsumoto Kiyoshi cosmetics and drugstore chain in Vietnam. Business activities in the Vietnamese market will be further discussed in the coming time.
Established in 1932, Matsumoto Kiyoshi is a famous Japanese drugstore chain that boasts a massive selection of goods, including medicine, makeup, cosmetics, oral hygiene products, supplements, among others.
According to Ryutsuu News, Vietnam’s distribution and retail market is thriving, thanks to an increase in the middle-income class and stable economic growth in recent years.
Furthermore, data showed that Vietnamese tourists have huge demand for Japan’s cosmetics and dietary supplements while visiting Japan.
Alongside Vietnam, the Matsumoto Kiyoshi Holdings eyes the opening of its drugstore chain in Hong Kong, as the Japanese firm has previously entered two Asian markets of Taiwan and Thailand.-VNA
Under the pact, the two firms will set up a joint venture to develop and manage the Matsumoto Kiyoshi cosmetics and drugstore chain in Vietnam. Business activities in the Vietnamese market will be further discussed in the coming time.
Established in 1932, Matsumoto Kiyoshi is a famous Japanese drugstore chain that boasts a massive selection of goods, including medicine, makeup, cosmetics, oral hygiene products, supplements, among others.
According to Ryutsuu News, Vietnam’s distribution and retail market is thriving, thanks to an increase in the middle-income class and stable economic growth in recent years.
Furthermore, data showed that Vietnamese tourists have huge demand for Japan’s cosmetics and dietary supplements while visiting Japan.
Alongside Vietnam, the Matsumoto Kiyoshi Holdings eyes the opening of its drugstore chain in Hong Kong, as the Japanese firm has previously entered two Asian markets of Taiwan and Thailand.-VNA
You should also see
PM chairs meeting of national committee for digital transformation
Prime Minister Pham Minh Chinh chaired the eighth meeting of the National Committee for Digital Transformation on April 24, which aims to assess digital transformation efforts and development of the digital economy in recent times and discuss tasks and solutions for accelerating the work in 2024.
See more
Business
SBV takes more actions to stabilise foreign exchange rates
The State Bank of Vietnam (SBV) on April 23 took some moves like issuing treasury bills (T-bills), further employing T-bills as an open market operation (OMO), and stipulating liquidity and interest rates in the inter-bank market in the face of surging USD/VND exchange rates.
Business
Businesses concerned about rising exchange rate pressure
Though the State Bank of Vietnam (SBV) has announced it is selling the US dollar to intervene in the USD/VND exchange rate since April 19, the greenback price has remained high, which has been directly affecting many domestic enterprises.
Business
Pepper prices continue increase trend
Pepper prices are forecast to soon exceed 100,000 VND per kilo on the domestic market.
Business
French auction house to open office in Vietnam
France’s Millon Auction House has decided to open its representative office in Vietnam, and is preparing necessary steps for the official opening of the office in the near future.
Business
3,400 taels of SJC-branded gold bars successfully auctioned
The State Bank of Vietnam auctioned 16,800 taels of SJC-branded gold bars in Hanoi on April 23. This is the first auction of this kind in 11 years.
