Mr. James Hong, Chairman of the Top Group What are the particular reasons for your entering Vietnam at this time? The ADB (Asian Development Bank) projects Vietnam’s GDP growth next year at around 6.8 percent. With a population base of more than 90 million people, we see great potential in the consumer products market here, especially for home products that every family needs. Over the past year, we have researched several aspects of the Vietnamese consumers. We found that Vietnamese consumers are eager for high quality products. Current products in the market can only meet their basic expectations. We also found that the government is calling for investment from abroad in order to create more work for the Vietnamese people. So we are optimistic about investment opportunities and the market potential in Vietnam. What is your assessment of the plastic consumer products market in Vietnam? The consumer market for household products in Vietnam is still in its early stage. Currently available cleaning tools and household appliances are somewhat basic, but the price isn’t cheap. Some of the material used for production is also unsafe and unfriendly to the environment. For example, the PVC wrap can be toxic and unsafe to… Read full this story
Top Group to tap Vietnam potential for high quality consumer goods have 233 words, post on ven.vn at April 1, 2020. This is cached page on Talk Vietnam. If you want remove this page, please contact us.