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.
The growth prospects of the domestic food and beverage industry are expected to be positive next year buoyed by new consumption trends, according to experts.
Packaged food producer KIDO Group has opened a chain of stores in HCM City selling the Chuk Chuk brand of ice cream, milk tea, tea, coffee, and fresh bakery products with an investment of VND100 billion (US$4.4 million).
Aquarius International Development (AQI), a company specialising in high-end travel experiences, has plans to elevate the gourmet food and beverage industry in Asia including Viet Nam.
The high consumption of beer in Viet Nam has previously attracted brewers to cash in. But now, the Viet Nam Beer Alcohol Beverage Association (VBA) is asking the Government for help.
The rapidly growing demand for organic agricultural produce offers huge potential for businesses to invest in production and develop retail networks, experts said at a workshop Thursday in HCM City.
The 2017 Fi Asia, a mega exhibition, is expected to attract over 750 companies from 56 countries showcasing food ingredients (Fi) and technologies and innovations for the food and beverage industry.
The beverage industry contributed VND30 trillion (US$1.3 billion) to the
State budget last year, according to the Viet Nam Beer, Alcohol and
Beverage Association (VBA).
A delegation of 44 Thai companies active in the food industry has met
with about 60 executives of Vietnamese companies in HCM City to exchange
information and exploit business opportunities.
Nearly 100 enterprises in the food and beverage industry are showcasing
their products at the first Food Ingredients Viet Nam 2014 Expo that
opened yesterday at the Sai Gon Exhibition and Convention Centre in HCM
City''s District 7.
The beverage industry continued to grow over the first seven months of
this year despite the difficult economic times that have resulted in
many other kinds of companies struggling or going bust.