Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Instagram Outage Disrupts Thousands of U.S. Users 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Orion confectionery company, headquartered in Yongsan, South Korea, is also operating in Vietnam through its local subsidiary there. It was reported that this overseas unit has achieved very high sales records, and as of November, the amount was more than $313.8 million.
The given number is said to be the company’s accumulated sales from January to last month. This showed a 38% increase compared to last year in the same period. With the sales results for 11 months, Orion Corp. is apparently experiencing rapid growth in the said country.
According to The Korea Economic Daily, the high sales were attributed to the popularity of its Choco pie snack product. This has been selling out fast, along with the O’Star potato crisp, boosting Orion’s sales.
It was in 2005 when Orion brought the brand to Vietnam by establishing a local subsidiary. In 2016, it saw KRW200 billion in sales and this amount was topped last year after earning KRW300 billion.
The Choco pie alone is a moneymaker already and showed annual earnings of KRW100 billion in the Southeast Asian market. It was mentioned that the pie has become part of local wedding favor in Vietnam, and it is also used on the altar for ancestors, and these have made the snack one of the bestsellers in the country.
Orion’s O’Star potato crisp also topped the ranking for potato snacks and compared to 2021. Its sales increased by 39% in the same period. Business experts opined that two of the leading reasons for the surge in sales for Orion products were the full localization of the company’s production facilities and the flavor of choco pie and potato crisps that suit the Vietnamese palate very well.
Moreover, they said that the company’s ability to build connections with distributors also contributed to the brand’s commercial success here. It is said to have secured more than 170 dealers across the region.
Finally, Yonhap News Agency reported that Orion is planning to add new production facilities at its production plants in Ho Chi Minh City and Hanoi. It is also considering setting up another factory, but this is still a plan at the moment.
