Korean confectionery maker Orion reports robust business in Vietnam, China
(VOVWORLD) - Korean confectionery maker Orion has announced that its business performance in the first half of this year has posted the highest growth rate ever and a record revenue, with particularly impressive results in the Vietnamese and Chinese markets.
 Orion's custard sold in China and Vietnam (Photo Courtesy of Orion) |
The company reported a revenue of more than 1 billion USD in the reviewed period.
Its subsidiary in Vietnam grossed a revenue of 160 million USD, marking a 7.7% growth due to increased market share of Choco Pie, rice crackers, and mass-produced bread.
Orion Vietnam will focus on promoting key brands, such as reorganising product lines and expanding its consumer base by introducing new products targeting children, such as jelly and rice crackers.
Meanwhile, Orion China reported 440 million USD in revenue.