Tag: food

The event expected to draw 900 exhibitors from 20 countries and territories.

500 pavilions displaying food and agricultural products.

Nearly 500 people in Dong Nai province were hospitalized after eating contaminated bread, highlighting the ongoing challenges of food safety in Vietnam.

November 21-23 expo to feature 113 exhibitors and attract 6,500 trade visitors.

November 8-11 expo features 300 booths showcasing 8,000 brands.

June 28-30 expo helped make Vietnamese products better known in global markets.

Businesses face a range of technical barriers in export markets.

Conference to review the difficulties and challenges and roll out solutions.

Vietnam’s food and beverage industry forecast to grow at a CAGR of 8.65 per cent in the 2021-2026 period.

According to Nielsen, Vietnam is the fastest-growing Asian market for snack consumption and ranks third in the world in terms of compound annual growth rate (CAGR) in the market, with 19.1 per cent in 2021, after Argentina, with 25.8 per cent, and Slovakia with 20 per cent. Young Vietnamese spend up to VND13 trillion ($520.65 million) monthly on junk food, showing that quality and demand are increasing.

Minister of Agriculture and Development Rural Development Le Minh Hoan told the “Quality assurance, food safety, and transparency of food origin for Vietnamese consumers” conference in Ho Chi Minh City on October 18 that the ministry will gradually improve regulations, making clean food production mandatory. In the first nine months of this year, 99.5 per cent of production facilities were certified as meeting food safety requirements.

Food prices increased 2.3 per cent year-on-year in August; the highest rise since November 2020 and the fourth consecutive month of higher prices. Transport services increased 8.94 per cent year-on-year in the month; the lowest level since April. The Bao Viet Securities Company (BVSC) has forecast that annual inflation will come in at around 3.1-3.5 per cent.

Standard Chartered has forecast that Vietnam’s GDP growth will reach 10.8 per cent in the third quarter of this year, 3.9 per cent in the fourth quarter, and 6.7 per cent for the year as a whole. While commenting that inflation remains under control, the bank also forecast that price pressures, especially on food and fuel, are likely to increase during the second half of this year and into 2023.

Deputy Prime Minister Vu Duc Dam has assigned the Ministry of Health to issue national technical regulations on limits on restricted and banned substances in food in accordance with the requirements of importing countries.

The Ministry of Agriculture and Rural Development has said that food supplies are relatively abundant in Vietnam’s south but consumption has fallen due to social distancing measures being introduced, with some agricultural products now exceeding demand.