Herbalife’s Vietnam earnings hit $77.5 mln in Q1

Herbalife, a global multi-level marketing corporation selling dietary supplements, recorded $77.5 million in net sales in Vietnam in the first quarter of 2026, according to its filing to the U.S. Securities and Exchange Commission (SEC).

In U.S. dollars, net sales increased by 2.8% year-on-year. Measured in local currency, the figure increased by 5.7%, the company noted.

Foreign exchange rate fluctuations in Vietnam had an unfavorable impact of $2.3 million on net sales in January-March, it added.

In the Vietnamese market, Herbalife raised product prices by 2.5% in March 2026, following another 2.5% hike in March 2025.

In Q1, Herbalife’s global net sales reached nearly $1.32 billion, up 7.8% year-on-year, of which 5.9% were contributed by Vietnam.

Thanks to this performance, Vietnam remained Herbalife’s fourth-largest market globally, trailing India ($275.4 million), the U.S. ($241.3 million), and Mexico ($154.1 million). China ranked fifth with $57 million.

Herbalife products distributed in Vietnam are produced by Herbalife Innovation & Manufacturing (HIM) Lake Forest and Winston-Salem, both based in the U.S. In Vietnam.

Herbalife Vietnam SMLLC was established in 2009 and operates as a multi-level marketing business, with its headquarters in Ho Chi Minh City.

According to the Ministry of Industry and Trade, Vietnam had 15 active multi-level marketing businesses with about 634,567 participants as of May.

The sector recorded total revenues of VND15.1 trillion ($573.85 million) in 2025, down from VND16.07 trillion ($610.72 million) in 2024, while contributing VND2.3 trillion ($87.66 million) to the state budget last year.