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food and beverage

FB industry to reach 30 billion in 2024

F&B industry to reach $30 billion in 2024

A survey by Việt Nam Report from July - August this year shows that 62.5 per cent of businesses expect the F&B industry to grow by 5-10 per cent this year.
At least 30,000 food and beverage stores in Việt Nam closed in H1

At least 30,000 food and beverage stores in Việt Nam closed in H1

The latest shutdown reduced the number of stores operating in the country to approximately 304,700, down four per cent year-on-year, according to a report published by the iPOS.vn platform, which specialises in researching the Vietnamese market.
FB market robust on rising middle class

F&B market robust on rising middle class

Findings showed that the F&B industry reached a revenue of VNĐ590 trillion (US$23.65 billion) in 2023, a rise of 11.47 per cent against 2022, in which dine-in accounted for more than 91 per cent.
Top 10 reputable food and beverage companies in 2023 announced

Top 10 reputable food and beverage companies in 2023 announced

The proportion of food - beverage businesses maintaining revenue growth has decreased in most distribution channels this year.
Viet Nams first global food beverage innovation centre opened in Binh Duong

Viet Nam’s first global food & beverage innovation centre opened in Binh Duong

Bloom, Viet Nam’s first-ever global innovation centre for the food and beverage (F&B) industry, was launched in Binh Duong Province on July 4.
FB more robust with the boom in low-end market

F&B more robust with the boom in low-end market

Rapid expansion of foreign food and beverage (F&B) chains in Viet Nam was making the domestic market more robust despite the trend of tightening spendings in a global downturn.
Food and beverage cooperatives seize new opportunities amid economic difficulties

Food and beverage cooperatives seize new opportunities amid economic difficulties

According to experts, though economic difficulties would continue in 2023, there remained untapped business opportunities for small firms and cooperatives in the F&B industry.
Food and beverage industry to do well this year despite modest economy

Food and beverage industry to do well this year despite modest economy

The food and beverage market is forecast to grow by over 18 per cent this year to VND720 trillion (US$31 billion).
HCM City establish the first Food and Beverage Association

HCM City establish the first Food and Beverage Association

The HCM City government has set up a Food and Beverage Association to explore, preserve and develop Vietnamese cuisine and showcase it both domestically and to the outside world.
Untapped opportunities for Vietnamese food and beverage in the Netherlands

Untapped opportunities for Vietnamese food and beverage in the Netherlands

The Netherlands is Viet Nam''s second-largest trading partner in the EU martker after Germany. It is also considered one of the gateways for Vietnamese goods to penetrate this vast market.
Vietnam Report publishes Top 10 prestigious companies in food and beverage sector

Vietnam Report publishes Top 10 prestigious companies in food and beverage sector

Two major driving forces behind the food and beverage sector growth are the recovery of domestic consumption and the shift from traditional to modern channels shaped by the young.
Vietnamese businesses attend Seoul Food 2022

Vietnamese businesses attend Seoul Food 2022

The event provides an ideal venue for Vietnamese food and beverage businesses to strengthen trade promotion
Vietnamese firms show off food, beverage products at Thai fair

Vietnamese firms show off food, beverage products at Thai fair

Eighteen food and beverage enterprises led by the High Quality Vietnamese Product Business Association are displaying their products in Bangkok at THAIFEX-Anuga Asia, the region’s largest food and beverage trade fair.
Bright prospects for FB industry

Bright prospects for F&B industry

The COVID-19 pandemic changed the landscape of the food and beverage (F&B) towards digital transformation, which provided bright prospects for the industry when economic activities returned to normal.
Technology to help FB recover

Technology to help F&B recover

Technology applications have played an important role in helping the food and beverage (F&B) market in Viet Nam get back on track after two years of challenges due to the pandemic, experts have said.