Vietnam’s once-famous brands struggle to regain strengthVietNamNet Bridge - The brands were once ‘king’ in the market, but later lost their market share to foreign rivals. Chuong Duong was once a rival equal in strength with Coca-Cola and Pepsi, but has lost the competition with the two foreign giants. A report from BMI, a market analysis firm, showed the high growth rate of 7-12 percent of the Vietnam’s beverage market. Previously, Chuong Duong needed approval from Sabeco, a state-owned enterprise, for its investment plans, and sometimes it missed opportunities because of delays. RELATED NEWSDomestic fashion brands seek foothold in $3.5 billion marketVietnam's US$2 billion cosmetics market controlled by foreign brandsQuynh Mai

Source: VietNamNet News August 27, 2018 01:52 UTC