Việt Nam''s potential in the agricultural processing sector has caught the eye of foreign investors, particularly from Japan, seeking partnerships and acquisitions.
Despite accounting for 19.1 per cent of Việt Nam’s processing sector, the food processing industry has been struggling with major issues such as poor-quality raw materials and subpar value chain integration, said industry insiders and economists.
Tetra Pak has introduced its end-to-end solutions for food processing and packaging for the dairy industry at the fourth Vietnam Dairy 2024, which opened in HCM City on May 30.
A project to promote the economical and efficient use of energy in supporting and food processing industries in Việt Nam was launched in Hà Nội on August 18.
A group of organisations, including Ministries and USAID, released a handbook on June 28 to help small and medium enterprises (SMEs) in the food processing and distribution industry digitalise effectively.
TH Group on Friday started construction of the VND620 billion (nearly US$27 million) Thai Binh clean food processing factory in the northern province of Thai Binh''s Quynh Phu District.
Vĩnh Hoàn Joint Stock Company started construction of the Thành Ngọc Agro and Food Processing Factory at An Nhơn-Cái Tàu Hạ Industrial Complex in Đồng Tháp Province on January 8.
Food processing firms in HCM City have mapped out plans to gradually restore production when the city relaxes social distancing regulations in the near future.
A recent survey by the General Statistics Office found that most businesses in the food processing industry expected to achieve good results in the third quarter.
The prices of raw materials for food processing have increased continuously since the outbreak of the COVID-19 pandemic, which is expected to dramatically affect the profits of food firms in 2021.
Ten companies are sounding out shareholders to temporarily switch their listing from the Ho Chi Minh Stock Exchange to the Ha Noi Stock Exchange since the former’s system is overloaded and smooth trading has become difficult.
Many food processing firms have earned large profits this year with demand surging due to the COVID-19 outbreak as people have not been going out to limit contact with others.
Deputy Prime Minister Truong Hoa Binh has asked the State Capital Investment Corporation (SCIC) to focus its investments on key sectors of the economy to boost efficiency and contribute to socio-economic development.