Natural speciality fine ingredients business, Frutarom, has agreed to acquire Vietnamese Western Flavors and plans to build a new flavours plant in Ho Chi Minh City, Vietnam to help expand the business throughout the country and the wider APAC region.
Multinational and foreign cosmetic and personal care companies are fast taking control of the growing number of opportunities in the country’s expanding industry.
As part of ongoing efforts to expand operations in South East Asia and to target demand for its skin care products in Vietnam, Beiersdorf has founded a new affiliate, ‘Beiersdorf Vietnam Limited’.
Shiseido is opening a sales subsidiary in Vietnam in response to greater consumer demand and significant growth within the cosmetics market from the country’s rapid economic development.
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