Vietnam’s food-beverage market attractive to foreign firms
The robust economic development and improved living standards have turned Vietnam into one of the most promising markets for food and beverage consumption in the region.
HCM City (VNA) – The robust economic development and improved livingstandards have turned Vietnam into one of the most promising markets for foodand beverage consumption in the region.
The information was heard at a ceremonyheld in Ho Chi Minh City on March 22 to introduce the food and beverageingredients exhibition in Vietnam (Fi Vietnam 2018).
Vietnam’s large population of around 93 million, half of which are under 30, isa key reason behind the strong surge in the food and beverage consumption.Furthermore, Vietnam is a tropical agricultural country with a diverse sourceof raw materials, many of which are important to the food and beverageindustry.
UBM Asia (Thailand)’s Business Director Rungphech (Rose) Chitanuwat said thatFi Vietnam 2018, which will be jointly held by UBM Asia (Thailand) and the Foodand Foodstuff Association of Ho Chi Minh City, will serve as a gateway for foodand beverage companies looking to promote trade and invest in the Vietnamesemarket.
The exhibition will be held at the Saigon Exhibition and Convention Centre(SECC) from May 16-18 and is expected to draw 140 exhibitors and over 4,700 expertsfrom ASEAN countries.
On display will be baby food and infant formula, bakery products, beverages,confectionary and snack food, convenience food and ready meals, dairy food andice cream, emulsifiers and fruit and vegetable products, among others.
Forums, international conferences and seminars held in the framework of theevent will help regional enterprises deepen and get updated with the latestfood and beverage knowledge.-VNA
The appearance of 11 Vietnamese brands in the list of Asia’s top 1,000 this year has demonstrated domestic firms’ increasing awareness about building and affirming their own brands.
More than 500 businesses from 20 countries and territories are taking part in the 21st International Exhibition on Food & Processing & Packaging Technology in Ho Chi Minh City from August 9-12.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Processing Tra fish for export (Photo: VNA) 
