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Vietnam’s Cosmetic Market

Why Vietnam’s Cosmetic Market Is Dominated by Multinationals

There is a rapid increase in demand for cosmetics. The increase in demand is evident through the 2,000 spas which get opened every year in Vietnam. However, Vietnamese companies are unable to satisfy customers. To date, 14 Vietnam based cosmetic manufactures focus majorly on hand and face products. Consequently, they leave the gap for international players to fill, resulting in the cosmetic market being dominated by multinationals. A report done in Vietnam shows that 90% of revenue from the cosmetic market goes to foreign manufacturers like scentbird. People have many different opinions about the quality of products and you can find out if scentbird is really worth it or not. Recently, there was a conference held at Ho Chi Minh which addressed the issues faced by Vietnam. During the meeting, it was visible that foreign and multinational cosmetic companies are controlling Vietnam’s cosmetic market. During the recent years, the majority of the leading players in the region, especially the most successful South Korean beauty companies, have profitably expanded their footmark in the market. This is conferring to a report from the Viet Nam News, which is part of the Vietnam News Agency. What Percentage of the Market Do Multinationals Dominate? Official statistics show that 30% of the market is dominated by Korean players, for instance, AmorePacific and LG. The EU covers 23%, Japan 17%, and Thailand 13%. The U.S. and other countries dominate the remaining market share. There are two ways through which Vietnamese buy cosmetics; through friends (70%) and through websites (30%). Bui Ngoc Quynh who comes from Vietnam acknowledges the potential the country holds in retail, with an estimated GDP of $220 billion and a 90-million population. Market Entry While the market for personal care and cosmetics is relatively small, that is about to change. The fast economic ...
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/ / Marketing
Converting Waste into Energy

Are there Opportunities in Converting Waste into Energy in Vietnam?

As the years passed by, more and more wastes have been accumulated in many countries, and Vietnam is not an exception to this. It’s one of the many countries facing the usual waste management dilemma today. However, Vietnam is also one of the countries that is striving hard to reach a solution to this global problem. In fact, it has even started some projects on renewable energy. Sadly though, only a few people know about it and most are not that interested. Reports say that it is actually possible to turn waste into energy. But first, you should know how to collect your garbage and dispose of it properly for the processing of renewable energy. However, you do not have to worry about doing the manual work. As busy as you may be right now with your profession or education, you can still help collect wastes. You can avail of the dumpster rental Pekin IL and rely on their expert help. Benefits of a dumpster rental service:
  • Hassle-free collecting of wastes.
You do not have to worry about doing the collection of wastes to be turned into a renewable energy. By hiring a dumpster rental service, you can just do your thing while they gather your waste materials for you.
  • Convenient waste disposal.
If you are worried about not having fully segregated your garbage in your place, then you can relax and rest easy. The dumpster rental service will do it for you. They take care of almost everything related to dumpster service. They can totally cater your needs.
  • Healthier environment.
With the garbage and other waste materials removed from your dwelling place, you can be sure that you are safe from all those disease-causing germs. As you may well know, garbage can carry ...
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/ / Ecomony

How You Can Penetrate a Foreign Market and Promote Your Business

Tapping into the foreign market is no doubt difficult. You’ll have to conduct a lot of research and come up with a foolproof plan so that your expansion efforts won’t be in vain. The struggle remains the same regardless of the niche and industry your business belongs to. Fortunately, there are a few essential things you have to consider so that you can effectively promote your business and achieve a global reach. Learn to Adopt Your SEO Game to the Changes Although you might not have thought of it before, your SEO game will surely change the moment you tap into the global market. One company that's stood out from the rest, PracticeBloom medical spa marketing has worked hard to win over foreign markets. PracticeBloom says that businesses will have to match and better local SEO marketing efforts to make sure that they’ll work within a specific market. Additionally, it means you’ll have to localize your website by inserting local content including numbers, local addresses, and currency so that search engines will know that you’re targeting a particular market. For example, if you have a medical spa business, your medical spa marketing effort should include local addresses of your establishments within a certain region. Create a Diverse Team For your business to penetrate a foreign market, you should employ in-house experts who have sufficient knowledge regarding a local market. This will normally require people who are native to that region or at least have experienced working or even living there. This could mean you’ll have to readjust the recruitment process to easily integrate cross-cultural teams or individuals into your business. Meanwhile, organizational culture should also evolve to fully maximize diversity instead of being alarmed by it – a thing which is common when sudden changes take place. Make Sure to Understand ...
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/ / Marketing

Five Ways Of Using Instagram In Teaching A New Language

The internet has inspired the development of numerous social media platforms. Language teachers can take advantage of social media and use it as an educational tool to further perfect the abilities of the students to communicate in the language. Instagram is a mobile phone application that was introduced into the market in October 2010. It permits individuals to display photographs and short videos with a time span of fifteen seconds on their timelines. Instagram allows its users to add different filters to their videos and photographs. Furthermore, people can caption their media, this is included in apps like InstaPort. Instagram also has an innovative video recorder which allows the user to omit certain sections of the recording saving time. Finally, the user can easily share their content on other platforms including email, Twitter and Facebook. Before a language teacher can effectively use Instagram as an implement for teaching, it is recommended that certain settings are first adjusted.
  • The tutor and all members of the class should adjust their respective visibility settings to ensure that the videos and photos are not public. This implies that to view content that is relevant to the class, you have to first follow a class member. Further guidelines are outlined in the official policy of Instagram concerning privacy.
  • It is important for the teacher to employ hashtags that describe a specific class project or assignment so that the students can promptly locate the work. For example, the hashtag #ESLmyfavethings for an English class.
  • Since communication in Instagram is possible in 25 languages, the student should be urged to alter the language settings and pick the language being taught. This will provide them with further practice in the use of the language.
The following are five ways in which Instagram can be applied to ...
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/ / Education

Learning a New Language Thru Music

Do you know that listening to music is one of the quickest ways of learning a new language? You can give it a try and see if it works. This article will explain to you how music is related to language and how listening to music, especially using classical music headphones ( click here to see an example ), can aid in learning a new language. But before that, let us first understand what language and music are. What is Language? Language is a system or method of communicating either in terms of symbols or words in which human beings express themselves, either thru written or spoken means. On the other hand, communication is the process of exchanging or conveying news or information. What is Music? Music is the art of using, producing, and playing sounds that are organized into harmonic frequencies. It uses voices and instruments to deliver messages, ideas, and even emotions. It is also an entertainment form that is used in a lot of ways and on different occasions. The sound is organized and arranged with the use of harmony, melody, and rhythm.  Its other characteristics are timbre, dynamics, and pitch. All the sounds form into one cohesive whole, with one or more voices and instruments. How music started is not easy to determine, it probably began with singing, clapping and beating of the hands in different angles although in which there is not a  single archaeological record for this. The Relationship between Language and Music Music and language were initially thought to involve distinct mechanisms in the brain Speech and music in words were thought to be controlled by the left hemisphere of the brain and music in the right. The most apparent connection between music and language, though, is that music can help you to ...
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/ / Education

Reports on Medical Marijuana Aired on Vietnam

The cultivation and use of marijuana, popularly known as Cannabis remain illegal in most countries including Vietnam. This plant is said to cause adverse effects on the mental health and emotions of the user. Nevertheless, some people still argue for medical cannabis and related products, including it cannabidiol. Here are some facts you should know about TV reports medical Marijuana in Vietnam: First Report This report was aired at 11.30 am. The report stated that “Medical Cannabis Vietnam” is a Facebook page that blatantly markets and sells this illegal substance. This claim emanated from an interview with a man whose son had been taken to Accident and Emergency Room (A & E) due to brain damage that resulted from the use of drugs, such as CBD Oil. It is alleged that the man’s son had taken cannabis. This programme was followed by another interview with Mr. Pham Van Tru, the Vice President of Ho Chi Minh National Psychiatrist Hospital. According to Mr. Tru, there exists no sufficient evidence that cannabis cures cancer and is good for expectant mothers. He emphasized that prolonged use of Cannabis sativa alters the intellectual functioning of the brain. He concluded by emphasizing that Medical Cannabis is just a name used by the Facebook page to cover up illegal drug dealing. Second report This report was aired at 6.30 pm on the same day. In this report, the representatives of the drug administration in Vietnam state that morphine is the only substance produced from cannabis that is strictly allowed to be used in hospitals. Additionally, Major Mai Van Linh, the deputy head of Ho Chi Minh City’s Police Office, stated that he had worked with medical officers and came to the conclusion that there is no scientific proof that marijuana can be used as a medicine ...
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/ / Health In Vietnam

Cashless Economy: Vietnam’s Goal for 2020

In recent times, transactions have become cashless. Many countries all over the world are now using plastic cards, or more commonly known as credit/debit cards, as a way of paying for services and commodities. In relation to this, Vietnam is aiming that by 2020, they will be able to have a cashless economy with people using plastic cards (such as those created by CardLogic), digital banking, and digital payment apps. However, realizing this goal seems to be a little bit far. In the current times, only a little over 30% of the citizens in Vietnam own a bank account. The government, however, is looking for ways to get people to use credit cards or debit cards in their monetary transactions. The Increase of Bank Users Over the Years Vietnam is one of the economies that use cash payments in most of their transactions. Many people, especially in the rural areas oftentimes use cash to pay for their necessities. However, the number of people who are using ATM, debit, and credit cards have been slowly increasing as of 2017. The government aims to have more banks and other payment methods implemented in the rural areas. In this way, people will find it more convenient to use cards when paying. Using credit cards, debit cards, and digital banking has its own perks. People will no longer have to worry about being robbed.  Their money is more secured when they are placed into their bank accounts. They can just swipe their cards and the amount deducted from their accounts are exactly the amount that they would be paying for. Changing the Way People Think About Credit and Payment Cards Most people think that credit cards are dangerous and are more prone to hacks. But credit cards are not that bad. Most of the ...
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/ / Ecomony

Different Languages, Different Learning Struggles

Vietnam has already proven its place in the world of tourism. The country boasts plenty of tourist spot destinations which remain preserved and serene. Vietnam is also one of the four remaining countries that adapt the communist rule. It also shows great economic performance and potential among South East Asian Nations. Traveling to this magnificent country sounds interesting but one usual concern that travelers might have will be the language. The main language in Vietnam is Vietnamese or “Tiếng Việt”. Learning Vietnamese can be handy if you want to travel and experience Vietnam. There are Vietnamese language schools in different countries with strong Vietnamese ties like USA, France, Canada, Laos, Cambodia, etc. You might find learning Tiếng Việt or Vietnamese quite enjoyable because of the following: Vietnamese is part of the Mon-Khmer branch from the Austroasiatic language family. Its language is part of the South East Asian language groups used by Cambodia, Thailand, and Laos. Majority of its lexicon used in Science and Politics came from China mainly because of the 1000 years Chinese rule upon Vietnam. Phonology Like other South East Asian languages, Vietnamese consists large number of vowels. It has varying sounds and varying spelling for each vowel. Front and Central vowels are unrounded while back vowels are rounded. There are also diphthongs which are combination of monophthongs or single vowels. The phonological features of Vietnamese is quite opposite with the German language. To learn German, in terms of vowels, just consists of short and long vowels. Depending on the word, their vowels can be stressed or unstressed. While Arabic only has 6 phonemes which are pairs of short and long vowels. Though Vietnamese language has numerous accents (diacritics) and varying pronunciations for each letter, this could be the only crucial part in learning Vietnamese. Other aspects ...
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