The food and beverage sector is one of the most important and profitable markets in Vietnam, with high revenue driven by both local and foreigners. This sector also accounts for the significant growth of the country’s GDP. According to BMI’s Vietnam Food and Drink report, it is forecast that from 2017 to 2021, the total … Continued
Food and Beverage
Chinese consumer’s consumption of health food was far below that of developed countries in the past. However, presently the demand is increasing rapidly because of the aging aggravation, government encouragement, accelerated urbanization and other drivers. China is recognized as the largest and fastest growing health food market which has huge potential. It is reported that … Continued
With a very low-level beginning, Vietnamese consumers’ taste and appetite have changed and became welcoming to western food and beverages, wine especially.
More and more restaurants in Vietnam have been achieving notable international awards than ever before in it’s rich culinary history. The expanding middle-class paired with an influx of foreign-trained chefs and an appetite for novel food concepts is fueling this incredible boom in the restaurant industry. This is also another reason starting a restaurant business … Continued
The food and beverages sector in Vietnam is experiencing rapid growth. According to Statista, this sector will hit a US$ 559 million revenue in 2021, and its annual growth rate from 2021 to 2025 is expected to reach 5% — giving an estimated total market volume of US$678 million by 2025. Company registration is often … Continued