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
February 21, 2012
– 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.