Food enterprises in Ho Chi Minh City need to maximize resources, renew production models, and focus on sustainability in order to overcome difficulties, according to analysts.
In the first four months of this year, the Index of Industrial Production for the food and beverage sector in the city fell 0.8 per cent year-on-year, figures from the Ho Chi Minh City Investment and Trade Promotion Center (ITPC) show.
Food processing is a key industry prioritized by the city for development. The production capacity of local enterprises not only helps meet consumption demand among local citizens but also facilitates exports to many countries around the world. However, the sector faces many difficulties.
Deputy Director of the ITPC Tran Phu Lu said food enterprises also require support policies to stabilize production.
Trade promotion activities should be organized to help businesses quickly recover, overcome the difficulties, and improve their operational efficiency as well as seek and expand markets, to move towards sustainable development, he said.
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