A beauty centre ran by the famous Korean brand ID is poised to open a new premise in Hanoi in the area close to Hoan Kiem lake during the second quarter of the year, according to the Economic Times of AJU.
The move comes as part of the recently signed franchise contract between Korean ID Hospital and Gorgeous Beauty Vietnam.
The beauty centre will be located in a 10-storey building and will be designed to resemble ID Hospital in the Republic of Korea, which contains dermatology, beauty, and dentistry departments.
Vietnam is set to represent the fourth market that ID has successfully entered into following moves to launch in Thailand, Japan, and Indonesia.
Park Sang-hoon, CEO of ID Hospital, stated that with the co-operation of Gorgeous Beauty Vietnam, the company wishes to offer customers a new kind of service through the creation of the ID Hospital in Vietnam. VOV
With revenue of $2.35 billion in 2018 and an annual growth rate of 25-30 percent per annum, the Vietnamese market is highly attractive to foreign brands.
Modern Vietnamese who have high income are increasingly shopping online for cosmetics brands.