Vietnam food and beverage news covers the latest developments in one of the country’s most rapidly growing industries. Vietnamese love to eat and drink and with this in mind, this section tracks Vietnam food and beverage news including key regulations, data points, and developments.

Vietnam’s drinks and tobacco CPI records slight increase in November

the-shiv December 9, 2024

The drinks and tobacco sector forms a steady component of consumer expenditure in Vietnam, influenced by lifestyle trends, festive demand, and pricing adjustments. It also contributes significantly to government revenue through excise taxes and duties.

Vietnam’s CPI for eating outside the family sees slight increase in November

the-shiv December 8, 2024

Eating out is a significant aspect of Vietnam’s modern lifestyle, driven by urbanisation and changing consumer preferences. Restaurants, cafes, and street food establishments contribute significantly to the service economy, reflecting broader trends in consumer spending.

Vietnam’s imports of fishery products surge in October

the-shiv December 6, 2024

Indonesia was the top supplier, contributing US$31.27 million in October, reflecting a modest increase of 1.78 percent. Norway followed with US$24.26 million, marking a significant 40.27 percent rise. Imports from India surged by 80.12 percent to US$27.27 million, while China saw a 16.12 percent increase to US$20.06 million.

Vietnam’s imports of fruit and vegetables remain steady in October

the-shiv December 6, 2024

Australia was among the leading suppliers, contributing US$19.22 million in October, despite a decline of 14.40 percent month-on-month. The USA followed closely, with imports increasing by 5.67 percent to US$30.31 million. Imports from Thailand also grew by 5.72 percent, reaching US$5.50 million.

Vietnam’s tea exports grow in October, year-to-date performance shows robust growth

the-shiv December 4, 2024

Year-to-date figures demonstrate strong growth. From January to October, Vietnam exported 120,306 tonnes of tea, valued at US$211.93 million. This reflects a 28.3 percent rise in volume and a 30.3 percent increase in value compared to the same period in 2023.

Vietnam retail sales for food record moderate growth in October

the-shiv November 25, 2024

Cumulatively, year-to-date retail sales in the food sector amounted to VND 1.3 quadrillion, or US$52 billion. This performance underlines the sector’s stable contribution to Vietnam’s retail market, driven by consistent domestic consumption patterns…

Vietnam’s fishery exports grow in October and maintain steady year-to-date performance

the-shiv November 23, 2024

Year-to-date figures also show consistent growth. From January to October, Vietnam’s fishery exports totalled US$8.25 billion, representing a 10.9 percent increase compared to the same period in 2023…

Vietnam dairy enzymes market to grow steadily at 4.58% CAGR through 2029

the-shiv November 21, 2024

The report goes on to say that the increasing consumption of dairy in Vietnam is fuelled by economic development, urbanisation, and higher disposable incomes. As living standards improve, more Vietnamese consumers are integrating dairy into their diets, valuing its nutritional benefits. This shift has bolstered demand for dairy enzymes, which are vital for producing high-quality products such as milk, cheese, yogurt, and infant formula.

Vietnam’s coffee exports dip in October, year-to-date value remains strong

the-shiv November 21, 2024

The year-to-date value growth reflects favourable global coffee prices, offsetting the lower export volumes. While the October performance shows a short-term dip, the overall high value underscores Vietnam’s continued strength as a leading coffee exporter…

Vietnam faces US countervailing duty on shrimp exports

the-shiv November 20, 2024

As a result, the US will likely impose countervailing duties on shrimp imports from Vietnam, Ecuador, and India. Additionally, imports from Indonesia, deemed to be sold at less than fair value, will face antidumping duties…

Vietnam’s beer and malt production rises in October but faces annual decline

the-shiv November 14, 2024

However, the year-over-year data paints a different picture. While production grew by 2.8 percent in October 2024 compared to October 2023, the cumulative figures from January to October 2024 show a 2.1 percent decline from the same period last year. This indicates that, despite recent gains, the sector has struggled with consistent growth over the year, possibly due to shifts in consumer preferences, rising production costs, and fluctuating demand…

Vietnam’s dairy processing sector sees steady production growth with strong monthly increase

the-shiv November 13, 2024

On a year-over-year basis, the sector grew by 2.9 percent compared to October 2023, and the cumulative growth from January to October 2024 reached 3.8 percent over the same period last year. While these annual figures show more modest gains, they indicate a stable upward trend in the dairy industry, supported by Vietnam’s expanding consumer base and increased demand for dairy products…

Vietnam’s aquatic processing sector sees strong year-over-year growth

the-shiv November 12, 2024

The year-over-year comparison reveals an even stronger performance, with a 12.4 percent increase in October compared to the same month in 2023. Additionally, for the January to October period, production rose by 9.4 percent over the same timeframe last year. These figures highlight the sector’s sustained expansion, which is likely supported by Vietnam’s strong position in the global seafood market and rising demand for processed aquatic products domestically and abroad.

Vietnam’s food processing and manufacturing sector sees annual gains amid monthly growth

the-shiv November 10, 2024

On a year-over-year basis, the sector recorded a more substantial 9.4 percent increase in October 2024 compared to the same month in 2023. Additionally, for the cumulative period from January to October, food processing and manufacturing grew by 7.5 percent over the same period last year…

Vietnam’s wine market set to expand by US$382.2 million amid shifting middle-class tastes: Report

the-shiv November 10, 2024

As the market expands, industry players are focusing on targeted marketing, e-commerce, and on-premise experiences to capture this younger demographic’s interest. With this demand trajectory, Vietnam is poised to emerge as a significant player in Asia’s wine market, positioning itself as a promising destination for global wine brands and investors alike.

Vietnam’s consumer price index for dining out shows steady annual growth

the-shiv November 9, 2024

Compared to October 2023, the CPI for dining out rose by 3.81 percent, indicating a noticeable annual increase in prices within this sector. Since December 2023, dining prices have grown by 3.54 percent, highlighting consistent upward pressure through the year…

Vietnam’s food and food services sector sees notable CPI increase with steady year-to-date growth

the-shiv November 8, 2024

Year-to-date, from January to October, the CPI for food and food services is up by 4.04 percent over the same period in 2023. This steady increase highlights ongoing demand and cost factors affecting food-related expenses, driven by factors like global supply chain fluctuations and rising raw material costs…

Vietnam’s aquatic products processing climbs 3.6 percent in September

the-shiv November 4, 2024

The year-over-year figures also show strong growth–compared to September 2023, production has surged by 19.7 percent, indicating rising domestic consumption and robust export demand for Vietnam’s processed seafood.

Vietnam seafood imports fall 18 percent September over August

the-shiv November 3, 2024

Of note, Indonesia was Vietnam’s largest supplier in September, with imports amounting to US$30.72 million, a 15.56 percent increase from August. The YTD total is US$218.91 million.

South Korea’s SK Group no longer major stakeholder in Vietnam’s Masan

the-shiv November 2, 2024

Of note, in 2018, SK group bought 109.9 million shares in Masan Group for VND 100,000 or US$4.29 per share for a total of just over US$470 million. When it announced that it would be divesting, shares in Masan, which trades under the ticker MSN, were trading at about VND 76,200 or US$2.99 valuing the company’s holding at about US$328.6 million…