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).
The sector enjoyed a decent food consumption growth rate during the first quarter of this year with canned food sales up 5.17 percent, confectionery 4.65 percent, coffee 8.47 percent and fizzy drinks 6.96 percent.
The positive outcome has persuaded many businesses at home to pour money into food processing and packaging technology among others to produce clean foodstuff catering for the local market and exports.
Several hundreds of domestic and foreign businesses from nations and territories took part in two international exhibitions held in Ho Chi Minh City from September 11-14.
Participants displayed their food and beverage products at the International Exhibition on Food and Beverage (Vietfood & Beverage 2013) and the Exhibition on Food Processing, 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.