Investors urged to tap Vietnam’s potential food & beverage market
Vietnam has remained an attractive market for both domestic and foreign businesspeople who plan to invest in the country’s food and beverage industry, said the Business Monitor International (BMI).
Vietnam has remained an attractive market for both domestic andforeign businesspeople who plan to invest in the country’s food andbeverage industry, said the Business Monitor International (BMI).
The sector enjoyed a decent food consumption growth rate during thefirst quarter of this year with canned food sales up 5.17 percent,confectionery 4.65 percent, coffee 8.47 percent and fizzy drinks 6.96percent.
The positive outcome has persuaded manybusinesses at home to pour money into food processing and packagingtechnology among others to produce clean foodstuff catering for thelocal market and exports.
Several hundreds ofdomestic and foreign businesses from nations and territories took partin two international exhibitions held in Ho Chi Minh City fromSeptember 11-14.
Participants displayed theirfood and beverage products at the International Exhibition on Food andBeverage (Vietfood & Beverage 2013) and the Exhibition on FoodProcessing, Packaging Technology and Equipment (Propack Vietnam 2013).
The Ministry of Industry and Trade and the Vietnam National Trade Fair and Advertising Company (Vinexad) hosted those events.-VNA
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
