Hasaki Beauty & Clinic Joint Stock Company (Vietnam)

The subject was established in 2016 as one member limited liability company which was owned by Ms. Tran Thi Huong. Nevertheless, Ms. Tran Thi Huong transferred entire capital to Ms. Phan Thi Ngoc Quyen. The subject conducted equitization and changed business type to joint stock company afterwards.Its core business activities are operating genuine cosmetic retail stores system and supplying beauty care services. According to press information, the company has operated more than 70 branches (including retail stores, spas, clinics) nationwide. The company distributes a series of famous brands such as La Roche-Posay, Eucerin, L'oreal, Bioderma, Klairs, Naris Cosmetics, Maybelline, Vichy, Skin1004, Cocoon, Australis, Cetaphil, Anessa, Paula's Choice, Some By Mi, B.O.M, Vaseline, Sunplay...The speed of development and expansion of business network across the country is quite fast, thanks to effective marketing strategies. For every new store opened, the subject launches attractive promotional programs with diverse and genuine products. In addition, the company also has solid commitments about product quality and origin.During the Covid-19 pandemic, the increased focus on skin health spurred consumer interest in cosmetic with skin care benefits. Since that time, cosmetic products are consistently on top online shopping list across Vietnam. In upcoming time, the cosmetic market is valued at around USD 2.3 billion and expected to have CAGR of 6.2% annually in period of 2021-2025. Although Vietnam's cosmetic market is still small comparing to other countries in the region, it has been developing rapidly.