Vietnamese big bosses
struggle to revive their one-time strong brands
After a long period of absence, once
strong brands like Da Lan (toothpaste), Hynos, Co Ba (soap) or Truc Bach
(beer) have reappeared before the public. However, it is not easy to regain
the heydays.
One-time strong brands resurrected
“Da Lan was a very favorite brand which once held 70
percent of the domestic toothpaste market in 1993-1994. Therefore, I have
placed high expectations on bringing it back to the market,” said Trinh Thanh
Nhon, General Director of ICC, a cosmetics manufacturer, when explaining his
decision to regain the brilliant days for Da Lan.
Also nurturing a hope of revival, Nguyen Hung Viet,
Chair of P/S JSC, has decided to reintroduce Hynos toothpaste, a product
which was a favorite in the southern region in the 60’s and 70’s.
Similarly, Phuong Dong Production & Trade JSC is
now trying to bring Co Ba soaps back to the market after a long period of
absence.
Nguyen Duc Hiep, Deputy Director of Phuong Dong, said
the company continues making Co Ba soaps because the products are still
favored by old people. And more importantly, Hiep wants to protect a strong
Vietnamese brand which had conquered the hearts of Vietnamese for a period of
80 years.
Truc Bach beer, a one-time well-known brand in
Habeco puts high hopes in the return of Truc Bach
because the beer has nostalgia value for many Hanoians’, evoking memories of
the old days.
ICC reportedly invested more than $1 million in a
production line from
In 2000-2006 alone, ICC spent $10 million in total to
develop the Da Lan brand, and VND1 billion a month on marketing and ads.
Similarly, a new production line has been set up to
make Hynos toothpaste. While the manufacturer tries to evoke nostalgic
feelings of people with the image of a man, it also tries to show that Hynos
is suitable for modern families.
Habeco, when strategizing for Truc Bach Beer’s comeback
performance, decided that Truc Bach must be a high end product, even more
upscale than Heineken.
A senior executive of Habeco explained that Vietnamese
pay more to drink Heineken because of the high value of the brand. Meanwhile,
Truc Bach is expensive because it fits the tastes of Vietnamese and has high
quality.
The tough second act
Despite the high hopes and lavish expenditures by the
manufacturers, both Da Lan and Hynos have found it hard to conquer the hearts
of modern Vietnamese consumers.
Hynos’ market share has narrowed year after year. And
Da Lan never had a warm welcome, despite the manufacturer’s attempts to
distribute the products through different channels. Even the low price of Da
Lan, 10-20 percent below comparable brands, has not helped attract customers.
Co Ba soaps have returned to the market, but they can
be found only at the Co-op Mart chain.
Doan Sy Hien, a branding expert, commented that it is
very difficult to revive past brands, as they exist only in the minds of
older consumers. It doesn’t help that 60 percent of Vietnamese consumers are
the young.
DNSG
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Thứ Ba, 6 tháng 5, 2014
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