Beauty industry summit around the corner

February 20, 2023 | 12:24

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The National Industrial Aesthetic Summit 2023 will take place on March 18 at the National Convention Centre in Hanoi, and will include experience-sharing activities, trade investment promotion, and an honouring ceremony with the participation of nearly 2,000 delegates.

The delegates will include representatives of organisations that support innovation startups, business leaders, managers in the beauty and wellness industries, and thousands of other companies at the first-time event.

Dr. Dinh Viet Hoa, president of the Vietnam National Association of Entrepreneurship, said that while the beauty industry has developed strongly in many countries, bringing in trillions of dollars in revenue, in Vietnam it is still very young. The summit will therefore focus on promoting stronger trade promotion programmes, introducing Vietnam’s products and brands to the world.

“The programme will be a place where policymakers, investors, and international organisations share lessons learned, and look for business opportunities in the market. This is an opportunity for us to create Vietnam’s beauty industry to contribute to the prosperity of the country,” Hoa said.

Beauty industry summit around the corner

In Vietnam, thousands of training centres, spas, clinics, and hospitals operating in cosmetology have opened and developed rapidly. Industry experts believe that the next decade will be the golden one for the spa industry as well as the cosmetology industry, and that is also a development opportunity for beauty startups.

However, many beauty salons do not have enough equipment, modern technology, or high quality human resources in the field of beauty, leading to undesirable consequences.

Jang Hyo Kwan, chairman of the Korean Aesthetic Medical Association shared, “Vietnam and South Korea have many similarities. Hopefully, cooperation between them will open up many successful business opportunities, and businesses of both sides can support and learn from one another.”

He added that the Vietnamese market has a lot of potential to develop the cosmetic and medical industries. "South Korea’s top cosmetic hospitals are also present in Vietnam. Many partners in Vietnam are interested in buying medical devices in South Korea and want to be trained by Korean plastic surgeons. I think Vietnam will have more opportunities to learn about Korean aesthetic technology."

Dr. Vu Tien Loc, chairman of the Vietnam International Arbitration Centre added, “Regular implementation of events and congresses of the beauty industry will promote strong international cooperation and integration in the field of cosmetology, making Vietnam a vital destination for the cosmetic, beauty, and healthcare industries in the coming years.”