Nhat Linh Investment Trading and Ex-Import., JSC

Vietnam Camping Gas Stove – Do I really need it?

admininstrator — Wed, 27 Jan 2021 13:54:17 +0000

Do I Really Need a Camping Gas Stove?

Nhat Linh honestly recommends having a camping gas stove. You don’t have to bring food that you need to cook while car camping, but if you do, it’s always nice to have a backup in case a campfire is out of the question.

Single burner gas stoves are ideal for car camping for one or two people, as they are relatively compact, and make for using a pan to cook very easy.

That is why Nhat Linh is here to help you with our best selection of portable gas stoves in 2020 for your pick. To meet the various requirements of customers, we are willing to make O.E.M products under customers’ brand names. We has continuously grown and been the undoubted leader in the gas equipment industry.

#nhatlinh #campinggasstove #portablegasstove #vietnamgasstovemanufacturer

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Vietnam’s FMCG market experiences double-digit growth in post Covid-19

admininstrator — Wed, 27 Jan 2021 09:19:46 +0000

Vietnam’s fast-moving consumer goods (FMCG) market growth returns to its pre-Covid-19 level in the short term.

Amid the Covid-19 pandemic, the packaged food sector is leading FMCG market growth, expanding 26% in the past three quarters, and is expected to grow 16% in post-Covid-19, promising great opportunities by capturing new in-home occasions, according to the latest report by Kantar Worldpanel Division.

Based on Worldpanel data, within packaged food sector, snacking products still remains double-digital growth in terms of value and volume in the first nine months of 2020 in both Vietnam’s urban and rural areas

Among hot categories, personal care recorded 13% growth in the period. Beverage market has recovered with 8% growth in post-Covid-19 in four cities (including Hanoi, Danang, Can Tho and Ho Chi Minh City), while still struggled to bounce back in rural areas in post lockdown periods.

In the short term, not much impact has been seen from the second wave of Covid-19 starting in central Vietnam areas at the end of July. The market growth is getting back to its pre-Covid level, the report noted, and there could be a continued slowdown in the last quarter of 2020 as consumers might delay purchases, especially in central rural areas where consumer spending would be further affected by the flood and typhoons.

Notably, Kantar showed retail growth is cooling across all channels. With its value growth of 65%, online channel continues to gain share and is the fastest growing format post the social-distancing period. Following are drug stores (53%), pharmacy (33%), minimarket (22%), hyper & super (15%), cash & carry (14%) and wet market (14%).

The report also highlighted that due to the global pandemic, the desire to live more sustainably might affect Vietnamese purchase behaviors post Covid-19. About 57% Vietnamese surveyed shoppers said that they stopped buying some products/ services because of their impact on the environment or society. Meanwhile, the world figure is 41%.

This article was originally published in Hanoitimes

The post Vietnam’s FMCG market experiences double-digit growth in post Covid-19 appeared first on Nhat Linh Investment Trading and Ex-Import., JSC.

Potential Trends in the Vietnam FMCG market report in 2020

admininstrator — Wed, 27 Jan 2021 09:12:36 +0000

Overview of Vietnam FMCG Market Report Insight Handbook 2020

Some notable points in Kantar Worldpanel FMCG Vietnam Report / Insight Handbook:

Total revenue from services and consumer goods in Vietnam increased by 11.6%, tourism increased by 10.8%.
Consumers still spend most of their money on food and consumer goods (27.1% in 4 big cities and 26.9% in rural areas)
The total value of FMCG increases by 5.5% in 4 big cities and 8.8% in the countryside (it is expected that the growth period for 2020-2025 will increase by 5-6%).
Beverages and personal care equipment are the categories with the highest growth rates.
The more busy life is, the customers are looking for convenience
78% of consumers support brands that tend to protect the environment.
The beauty care industry continued to be fragmented.
The Omni-channel trend in the FMCG industry.

The main indicators of the Retailed in FMCG

Vietnam’s economic outlook remains bright with stable growth over the past decade

The FMCG Vietnam report in 2020

According to the chart above, you can see positive signs of the Vietnamese economy when all the indicators all reflect positive signs. Vietnam’s Core CPI Change was reported at 3.254 % in Jan 2020. This records an increase from the previous number of 2.783 % for Dec 2019. Besides that, the GDP this year still remains positive with a mitigated but not significantly from 7.1 to 7.0%, marking an increase in Vietnam’s economy in general. More specifically, in the FMCG industry, retail in Goods and Services has a slight increase by 0.3%, marking an increase in consumer spending needs in 2019, which is a positive sign for the businesses.

The forecast shows that Vietnam’s economy is bright with stable growth. Expectedly in the period 2020 -2025, GDP will increase by 6-7% and CPI will increase by 3-4%. Services and consumer goods are considered as the main factors contributing to Vietnam’s economic development in 2019.

The trend of the FMCG market

The below chart shows the growth rates between the Urban and Rural areas. The indicator shows it is quite different from two areas, especially in the short term. If the Urban area shows only signs of recovery in value and growth is slow in volume, in Rural areas both values show very strong growth. Specifically, the growth of market value in the Rural area is nearly one-third from 6.4 to 8.8% while the volume growth rate is nearly double times from 4 to 7%. However, in the long run, in both Urban and Rural areas, the FMCG market still shows stable growth.

The total FMCG value increases by 5.5% in 4 big cities and 8.8% in rural areas (it is forecast that the growth period of 2020-2025 will increase by 5-6%). Beverages and personal care items are the categories with the highest growth rates.

Traditional trade is still effective in the FMCG sector. However, recently there are more and more modern commercial competitors that have appeared, such as retail stores, specialized stores and online shopping. Vietnamese consumers are positive about future prospects. Go along with that, food safety, health and environmental issues are their top concerns. The Vietnam FMCG market report in 2020 also points out that Vietnamese consumers mainly spend on food and consumer goods (27.1% in big cities and 26.9% in rural areas).

FMCG growth by category

Besides necessities, consumers allocate more of their FMCG spending on Beverages and Personal Care products

The FMCG Report Vietnam shows that in both Urban and Rural areas, Personal Care Products posted the largest growth, followed by Dairy and Dairy products. This proves that the brands of these two categories are “doing well” this year.

lemongrass oil

It is worth noting that in 2019, in the Rural area, the Dairy and Beverage industry still has a good growth rate of 14.7% and 9.2%. This shows that the consumption trends of this industry in the two regions have distinct differences. So beverage brands need to have appropriate strategies to catch up with this trend.

Shopping channel

We are living in an era of 4.0 industry where technology is still booming and people tend to access the Internet every time and everywhere. It is not difficult to understand why online shopping has become the strongest development channel in the Urban area, marking a 38% growth. This is evidenced by the strong development of e-commerce platforms such as Tiki, Shopee, Lazada, Sendo….

In addition, the shopping trend of consumers in the Urban area is also showing signs of shifting from department stores, small grocery stores, traditional markets to specialized stores, mini supermarkets/shops, and more convenience or supermarkets/hypermarkets. Because in rural areas, people are still more familiar with traditional shopping channels.

source: iris.marketing

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Vietnam’s exports up slightly in first seven months of 2020

admininstrator — Wed, 27 Jan 2021 09:08:39 +0000

Vietnam exported goods worth a total US$145.8 billion in the first seven months of 2020, up by a slight 0.2% compared with the same period in 2019, according to the General Statistics Office.

Meanwhile, imports fell by 2.9% to US$139.3 billion, meaning Vietnam posted a trade surplus of US$6.5 billion during the period.

Domestic companies’ exports recorded strong growth at 13.5% to reach US$50.8 billion while exports by foreign-invested firms declined by 5.7% to US$95 billion, including oil revenue.

Imports by domestic companies rose 1.5% while those in the foreign sector fell 6.2%.

The January-July period saw 23 categories of exports earning US$1 billion each, whose combined revenues accounted for 87% of Vietnam’s total exports.

The world’s two largest economies, the United Stated and China, remained the biggest buyers of Vietnamese goods at US$37.9 billion and US$23.5 billion, respectively. Such figures represent respective increases of 15% and 18.4%.

In the meantime, declines in exports were recorded in most other major markets.

Shipments to the EU reached US$19.5 billion, down 5.9%, while exports to ASEAN fell by a sharp 15.4% to US$12.8 billion.

Revenue from exports to Japan and the Republic of Korea also dropped by 5% and 0.4% respectively.

On the other side, China was the largest source of Vietnamese imports, estimated at US$41.6 billion, down 1.8%. Imports from the Republic of Korea and ASEAN, the second and third largest markets, fell by 9.2% and 11.3%, respectively.

However, purchases from Japan, the United States and the EU rose by 5.1%, 2.5% and 6%, respectively.

source: en.nhandan.com.vn

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