Unilever, P&G expanding in Vietnam as country averages 7% annual growth rate in last 10 years, offers consumer base of close to 90 million people, data shows; Unilever's sales in country grew at rate of 18.5% annually over past decade
Michelle Rivera
LOS ANGELES
,
February 21, 2012
(Industry Intelligence)
–
Vietnam has averaged a 7% annual growth rate over the last 10 years, and with a consumer base of close to 90 million people, companies such as Unilever PLC and Procter & Gamble Co. are seeing a major growth opportunity, NASDAQ reported Feb. 21.
Unilever's sales in the country have been steadily growing at a rate of 18.5% annually over the past decade, with sales in Vietnam hitting $700 million in 2010.
Management consultant A.T. Kearney forecasts that Vietnam will have a market size of US$113 billion in 2012.
The primary source of this article is NASDAQ, New York, New York, on Feb. 21, 2012.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.