Business

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
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