Vietnamplus

As many as 50 Vietnamese food and beverage enterprises, double the number last year, displayed and promoted their products at the THAIFEX-World of Food Asia 2017 held in Bangkok earlier this month.

Vietnam’s food and beverage exports to the US are growing and likely to do so for many years, but manufacturers need to be aware of that country’s requirements, an American expert told a seminar in HCM City on June 7.

The branch of Suntory Pepsico Vietnam Beverage Company in Can Tho City is subject to taxes as an expansion but not as a new investment, the Ministry of Finance has announced.

Dozens of franchises are being established in Vietnam and more new brands are expected to enter the market in the near future, according to experts.

Several foreign firms have recently acquired stakes in Vietnamese food processing enterprises, showing the local food industry’s increasing attractiveness.

A proposal to ban the sale of alcohol in karaoke parlours by the Ministry of Health under a freshly released draft law on alcohol harm prevention has sparked public concern.

Hanoi Beer Alcohol and Beverage Joint Stock Corporation (Habeco) targets total revenue of over 8.8 trillion VND (390 million USD) in 2017, up 9.1 percent year-on-year.

Shares advanced in both local markets on May 12, driven by property developers and energy companies.

The American Food and Drug Administration (FDA) has cancelled the import licences of 679 Vietnamese food and beverage manufacturers.

Shareholders of Masan Group have approved a 11 percent cash dividend for 2016 and the remaining 7 trillion VND post-tax profit will be retained entirely.

The first phase of the Number one Chu Lai beverage factory invested by the Tan Hiep Phat Group came into operation in the central province of Quang Nam on March 24.

The Hanoi Beer, Alcohol and Beverage Corporation (Habeco), the northern large-cap brewer, is collecting opinion from its shareholders on moving from the Unlisted Public Company Market (UPCoM) to the Ho Chi Minh City Stock Exchange (HOSE).

The Ho Chi Minh Stock Exchange (HOSE) has approved the listing of Vietnam’s largest brewer Sai Gon Beer, Alcohol and Beverage Corporation (Sabeco) at a starting price of 110,000 VND per share (4.89 USD).

US beverage company Starbucks Vietnam recently announced that it will open two stores this month, bringing its total in the country to 23.

Vietnam is showcasing a range of food and drink products at the SIAL InterFood 2016 which is underway in Jakarta, Indonesia.

The Vietfood & Beverage – ProPack Fair opened on November 9 in Hanoi, drawing the participation of 180 enterprises from 11 countries and territories.

Vietnamese and European businesses have shared their information about food safety standards and opportunities for farm produce and beverage products to enter in each other’s market.

The Vietfood & Beverage - ProPack international exhibition will be held in Hanoi for the first time from November 9-12 with the expected participation of 180 enterprises from 11 countries.

The European Commissioner for Agriculture and Rural Development will lead a high-level trade mission to Southeast Asia, including Vietnam, to explore market opportunities in the region.

The Vietfood and Beverage-ProPack international exhibition will take place at the Ha Noi International Exhibition Centre.