Dumex to leave Vietnam due to low salesFrench nutritional food producer Danone, which sells the children’s formula Dumex in Vietnam, is to leave the country due to low sales. In response to questions from VET, Mr. Martin Hoelscher, CEO of Danone Vietnam, said the market share held by Dumex in Vietnam is not enough for the company to continue its investments here. Danone was one of the first formula milk producers to arrive in Vietnam, in the mid-90s. The application of price ceilings on formula for children under six years of age have also been problematic for formula producers. The price ceilings were put in place in May 2014 under Decision No.

Source: VietNamNet News September 08, 2016 03:11 UTC