Business

Orion’s sales in Vietnam hit record in first half

The sales revenue of the Republic of Korea’s Orion confectionery maker in Vietnam has surpassed 200 billion KRW (150 million USD) for the first time, further solidifying its highly positive growth trend in the Vietnamese market.
Orion’s sales in Vietnam hit record in first half ảnh 1At Orion factory (Photo: VNA)
Seoul (VNA) - Thesales revenue of the Republic of Korea’s Orion confectionary maker in Vietnam has surpassed200 billion KRW (150 million USD) for the first time, further solidifying itshighly positive growth trend in the Vietnamese market.

According to the data announced by the company onAugust 11, its total revenue hit 224.1 billion KRW in the first half, up 14.5%annually.

If this growth trend continues, this year’sfigure is projected to exceed 500 billion KRW for the first time, amounting to around540 billion KRW. The 2022 revenue was 473 billion KRW.

With a population of nearly 100 million people,Vietnam is emerging as a potential market that can serve as an alternative toChina, with its estimated dairy market size of around 7 trillion KRW. ForOrion, Vietnam plays a pivotal role as a bridge to tap into the Southeast Asianmarket and expand its reach in the region./.
VNA
#Orion confectionary maker #Vietnamplus #Vietnam News Agency #positive growth trend #Vietnamese market Korea (RoK) Vietnam
Follow VietnamPlus

Related News

See more

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona. (Photo: VNA)

Cuban commerce official optimistic about bright future of Vietnam-Cuba cooperative ties

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona hailed Vietnam as Cuba’s second-largest trading partner in Asia and its top investor, spotlighting its foothold in the Mariel Special Development Zone via Viglacera. This zone, he noted, is set to become a pivotal hub for Vietnamese investment in the years ahead.

Imported cars seen at the northern port city of Hai Phong. (Photo: VNA)

Ministry proposes tax cuts for some imported cars

This initiative aims to diversify the supply of imported vehicles, foster competition in the domestic market, and align Vietnam’s tax policies with the evolving trends of the automotive industry.

Minister of Industry and Trade Nguyen Hong Dien and Deputy Prime Minister of the Republic of Belarus Anatoly Sivak sign the meeting minutes. (Photo: VNA)

Vietnam, Belarus unveil key solutions to boost trade

Vietnam and Belarus are set to deepen bilateral cooperation in all fields, particularly in economy-trade and science-technology, through their Intergovernmental Committee mechanism, affirmed Minister of Industry and Trade Nguyen Hong Dien.

Honda Vietnam's new CEO, Sayaka Hattori (Photo: VNA)

Honda Vietnam has new female CEO

Sayaka Hattori, a Japanese national with over 25 years of experience in the automobile and motorcycle industry, was appointed as new CEO of Honda Vietnam on April 1.

Illustrative image (Photo: VNA)

Annual enterprise census kicks start nationwide

The survey will span all the 63 provinces and centrally-run cities in Vietnam, targeting enterprises and cooperatives engaging in production and business activities across almost all sectors.

Participants at the talks between Minister of Construction Tran Hong Minh and Korean Minister of Land, Infrastructure, and Transport Park Sangwoo in Hanoi on March 31. (Photo: VNA)

Vietnam calls on RoK to share expertise in high-speed railway development

Minister of Construction Tran Hong Minh applauded the RoK’s proposal to organise a railway cooperation forum, seeing it as an opportunity for state management agencies, experts, research institutions, universities, and businesses of Vietnam to gain insights from the RoK’s experience in planning, construction, maintenance, and developing high-speed rail industry.

Representatives from Vietnamese and Korean agencies at the MoU signing ceremony. (Photo: VNA)

Vietnam, RoK step up railway development cooperation

Since 1996, the Korean government has provided funding for Vietnam’s transport infrastructure development. To date, the two countries have successfully completed nine projects, with total loans of over 1 billion USD, and are currently working on six other projects with loans worth nearly 600 million USD.