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.

South Korean Choco-pie maker expecting Vietnam dividend over US$78 million

the-shiv August 28, 2024

Vietnam’s food and beverage industry has experienced remarkable growth in recent years, driven by a combination of factors including rapid urbanisation, rising disposable incomes, and a burgeoning middle class. This has seen a big uptick in snack food consumption. On average, Vietnamese consume 5.2 kilograms of snack foods per person, slightly higher than the global average of five kilograms…

Vietnam Beer: What You Need To Know in 2024

the-shiv August 23, 2024

Vietnamese are among the biggest beer drinkers in Southeast Asia. In fact, by consumption, international beverage and hospitality firm, Kirin Holdings, found that Vietnam had the seventh highest beer consumption in the world after Germany but, notably, before the United Kingdom which was in position eight.

Emu eggs selling in Vietnam for up to US$40 a piece

the-shiv August 23, 2024

Alongside rising middle class incomes, the demand for luxury goods and exotic foods in Vietnam is also growing. Of note, New Viet Dairy, an importer and distributor of speciality dairy and deli products, was sold to Japan’s Sojitz Corporation last year. The value of the deal was not announced, however, New Viet Dairy recorded revenue in 2022 of US$320 million…

Vietnam F&B outlets down 3.9 percent in six months to June: iPOS

the-shiv August 22, 2024

The report suggest this was in large part the result of a spike in small food outlets opening and then closing within three months. It also notes that the market may have been over saturated with the number of new food outlets opening post-COVID outpacing revenue growth in the industry.

Starbucks closes premium store in Vietnam’s Ho Chi Minh City

the-shiv August 19, 2024

Of note, opening a cafe or coffee shop in Vietnam for foreign firms or individuals, however, is not always easy. Not only are there a number of technical and licensing requirements that need to be met, but Vietnam has also developed its own very distinct and unique coffee culture which can make penetrating Vietnam’s coffee consumer class challenging…

Vietnam Stock Reviews: Vinamilk (dairy products)

Huong Nguyen August 19, 2024

In the second half of the year, domestic consumption is projected to bounce partly thanks to a nationwide increase in the salaries of government employees, providing a strong stimulus for Vinamilk to grow. Additionally, Vinamilk is actively pursuing new opportunities by expanding its presence in global supply chains, focusing on emerging markets and leveraging free trade agreements…

Vietnam’s Dairy Market 2024: Overview

the-shiv August 17, 2024

Looking ahead, the dairy industry in Vietnam is poised for continued expansion. Factors such as rising consumer awareness of dairy’s nutritional benefits, coupled with increasing urbanisation and changing dietary habits, are expected to fuel demand. However, the industry must also address challenges related to milk quality, supply chain efficiency, and competition to sustain its growth momentum.

Vietnam’s Food and Beverage Industry 2024

the-shiv August 17, 2024

Vietnam’s food and beverage–or F&B–industry has experienced remarkable growth in recent years, driven by a combination of factors including rapid urbanisation, rising disposable incomes, and a burgeoning middle class. The country’s rich culinary heritage, coupled with increasing consumer demand for diverse and convenient food options, has created a dynamic and promising market.

PepsiCo Foods building $US90 million plant in northern Vietnam

the-shiv August 15, 2024

Notably, Vietnam’s snack consumption is estimated at about 5.2 kg per capita, significantly higher than the global average of five kilograms, suggesting a healthy market for snack foods. Furthermore, Vietnam’s snack food market is projected to reach US$3.9 billion this year, with a compound annual growth rate of 8.15 percent from 2024 to 2029, according to Statista…

Vietnam Seafood Processing: Industry Overview 2024

the-shiv August 14, 2024

Vietnam is a major exporter of seafood products, with the US, China, Japan, and South Korea as primary markets. The industry offers a vast array of seafood, from shrimp and catfish to tuna and squid. Aquaculture has grown in importance, substantially contributing to overall seafood production. Employing millions, primarily women, the industry significantly impacts the socioeconomic landscape.

How to Import Coffee to Vietnam: Ultimate Guide 2024

the-shiv August 6, 2024

Vietnam frequently ranks as the second biggest coffee producer in the world, even sometimes first. However, whereas in most Western countries Arabica is the coffee of choice, Vietnam specializes in Robusta. As more Western coffee chains have emerged, demand for Arabica has grown. In this context, coffee producers worldwide may

How to Open a Restaurant in Vietnam: Ultimate Guide 2024

the-shiv August 4, 2024

Thinking about opening a restaurant in Vietnam? This guide will run your through what you need to do to make your dream a reality.

Vietnam considers rolling back drink-driving penalties

the-shiv August 3, 2024

It is not clear what has driven the MPS to suggest these changes, however, it should be noted that the alcoholic beverage industry has repeatedly complained that enforcement of Vietnam’s strict drink driving laws has impacted sales significantly. In fact, Heineken cited the laws as one reason why it had to close a production facility in Vietnam’s Quang Nam province earlier this year.

How to Open a Cafe in Vietnam: Ultimate Guide 2024

the-shiv August 3, 2024

Thinking about opening a cafe or coffee shop in Vietnam? This guide will run your through what you need to do to make your dream a reality.

World Bank recommends Vietnam raise alcohol excise tax to 155 percent

the-shiv August 2, 2024

The World Bank reportedly does not believe the current tax increase slated for beer and wine in Vietnam are sufficient–The Ministry of Finance has a plan on the table to increase the SCT to 90 percent for beer and between 60 to 100 percent for wine and liquor. This would be an increase from 65 percent on beer and between 35 and 65 percent for wine and hard liquor depending on the alcohol content…

Vietnamese Coffee Brands: Quick Guide 2024

the-shiv August 2, 2024

Vietnamese coffee brands are a dime a dozen in line with coffee being a huge part of life in Vietnam. From the streets of Hanoi to the mountains of Da Lat, casual conversation over coffee with friends has become a national pastime. This article details the most well known Vietnamese coffee brands that foreign coffee buyers should be aware of.

Vietnamese to consume additional 2.56 million litres of soft drink by 2033

the-shiv July 20, 2024

Of note, Vietnam is currently debating adding soft drinks to the list of items subject to the Special Consumption Tax. In the most recent version of a revised SCT, the Ministry of Finance has included a ten percent tax on drinks with 5 grams or more of sugar per 100 millilitres. This legislation, however, is still in its draft stage…

Vietnam’s beer market to nearly double by 2032: Astute Analytica

the-shiv July 18, 2024

These estimates come just weeks after the closure of the Heineken plant in Quang Nam, in central Vietnam which was big news with the provincial government set to lose out on VND 500 billion–or about US$19.8 million–in tax revenue each year. That is not to mention that a number of jobs will also likely be lost…

Japan noodle firm to invest US$87 million in northern Vietnam in 2027

the-shiv July 12, 2024

Notably, Vietnam was among the top three markets for instant noodles globally over the three years ending in 2022, according to the World Instant Noodle Association. Vietnamese consumed approximately 8.48 billion packs of instant noodles in 2022 collectively or 85 packs per person…

What’s Happened to Vietnam’s Beer Market? Unpacked 2024

Mark Barnes July 10, 2024

The closure of the Heineken plant in Quang Nam, in central Vietnam, announced a week or two ago, has been big news. This is off the back of slow growth in beer sales post-pandemic and in line with falling revenues among a number of Vietnam’s major beer brewers. This has been blamed on broader economic challenges and harsher drink driving penalties, however, it is all a little more nuanced than that…