Food and drinks currently account for the highest proportion of monthly consumer spending in Vietnam, at about 35 percent of the total and the annual consumption of food and beverages is estimated to be equivalent to 15 percent of the country’s GDP.

Rice packaging at Trung An High-tech Farming JSC.

In 2018, the consumption of food and beverages grew by 18 percent, creating a major push for the food processing and packaging sector.

Meanwhile, IMS Health has placed Vietnam into the group of the top 17 pharmerging markets which account for a fast-rising share of global pharmaceutical sales with a market size of about 5.1 billion USD.

Vietnam will be among three countries reporting the highest growth in the pharmaceutical industry, expanding at an annual rate of 10 percent in average, according to Global Data.

In addition, supplementary food and cosmetics have also posted strong growth, making the packaging industry more promising.

Vietnamese firms attend Asia’s food fair in Singapore

Vietnamese firms are taking part in the 2019 Specialty and Fine Food Asia (SFFA 2019), which opened in Singapore on July 17.

Hanoi food tour among world’s top 20

  

Nghe An – Int’l Food Festival to take place next week

The International Culture Gastronomy Tourism Festival - Nghe An 2019 will take place in the central province’s Vinh city from July 17-21.

Vietnamese culture, food impress at festival in Czech

A festival to introduce the culture and foods of various countries took place in Prague, the Czech Republic on June 8 with the participation of 50 foreign embassies and diplomatic agencies in the country, including Vietnam. 

Da Nang International Food Festival opens

The Da Nang International Food Festival opened on the East Side of Dragon Bridge in the central city on June 2 evening.

Source: VNA