Rome (VNA) – Cosmoproject, anItalian cosmetics brand, plans to expand its investment and sales network inVietnam.
The statement was made by CosmoprojectDirector Primo Tortini at a recent working session with Vietnamese Ambassadorto Italy Cao Chinh Thien at the company’s headquarters in Parma city, Italy.
Ambassador Thien briefed the director onVietnam’s economic development and latest incentives for foreign investors,highlighting investment potential for Italian firms with relations betweenVietnam and Italy improving, particularly since the establishment of thestrategic partnership in 2013.
For his part, Primo Tortini said he visitedVietnam in 2014 and saw Vietnam as a potential market for Cosmoproject. Thecompany started selling products in Vietnam in spa salons and trade centres viaexclusive distributor. The company launched a showroom in Savico trade centrein Hanoi, and plans to open another in Ho Chi Minh City.
Vietnam’s economy is growing fast, yetsteadily, he said, underlining the expansion of the consumption market thanksto the increasing spending power of Vietnamese people and the middle-classpopulation.
Cosmoproject wants to expand its salesnetwork in Vietnam as well as other Southeast Asian nations, he said, addingthat the company plans to build a factory in Vietnam.
Cosmoproject, established in 1993, employs193 people and produces 30 million products per year, including perfume,skin-care, make-up products, and health care equipment. In 2015, the companyearned 27.8 million EUR in revenue.-VNA
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At Cosmoproject company (Source: VNA) 
