Korean confectionery maker Orion reports impressive business in Vietnam, China


Korean confectionery maker Orion has announced that its business performance in the first half of 2024 has posted the highest growth rate ever recorded and a record revenue, with particularly impressive results in the Vietnamese and Chinese markets. The company’s subsidiary in Vietnam grossed a revenue of 216.6 billion KRW, marking a 7.7% growth due to increased market share of Choco Pie, rice crackers, and mass-produced bread. Its operating profit reached 34.8 billion KRW, up 16.2% thanks to cost efficiencies, including reduced logistics and advertising expenses.

Source: Vietnam News Agency

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