food and beverage

Vietnam’s beer market was valued at US$7.89 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 7.27 percent, surpassing US$14.85 billion by 2033, according to a report from Astute Analytica. This growth will be primarily driven by the country’s young and expanding population, rising disposable incomes, and a strong beer consumption culture, the report says.

Vietnam’s beverage production increased by 51.3 percent in January compared to the 2019 baseline, according to Vietnam’s Industrial Production Index. However, this was lower than December 2024, when output stood at 67.8 percent above 2019 levels.

Vietnam’s exports of pastry, sweets, and cereal products declined by 16.28 percent month-on-month in January, reaching US$97.83 million, according to Vietnam’s General Department of Customs.

Vietnam’s imports of pastry, sweets, and cereal products decreased by 46.15 percent month-on-month in January, reaching US$40.5 million, according to Vietnam’s General Department of Customs. This follows a decline from US$75.22 million recorded in December.

Vietnam’s tea exports fell by 24.39 percent month-on-month in January, totalling US$16.43 million, according to Vietnam’s General Department of Customs.

Vietnam’s imports of wheat increased by 6.48 percent month-on-month in January, reaching US$107.42 million, according to Vietnam’s General Department of Customs. This follows an increase from US$100.89 million recorded in December.

Vietnam’s rice exports fell by 10.54 percent month-on-month in January, reaching US$324.89 million, according to Vietnam’s General Department of Customs.

Vietnam’s fishery product exports fell by 11.25 percent month-on-month in January, reaching US$773.95 million, according to Vietnam’s General Department of Customs.

Vietnam’s imports of milk and milk products increased by 4.76 percent month-on-month in January, reaching US$103.95 million, according to Vietnam’s General Department of Customs. This follows an increase from US$99.23 million recorded in December.

Vietnam’s imports of soya beans decreased by 22.29 percent month-on-month in January, reaching US$85.93 million, according to Vietnam’s General Department of Customs. This follows a decline from US$110.58 million recorded in December.

Vietnam’s imports of corn declined by 27.24 percent month-on-month in January, reaching US$249.77 million, according to Vietnam’s General Department of Customs. This follows a decrease from US$343.29 million recorded in December.

In January, Vietnam’s accommodation and food services sector registered a total of US$13.63 million in new foreign direct investment (FDI) across seven new projects, according to data from Vietnam’s Ministry of Planning and Investment. This represents a decrease of US$8.2 million compared to December, which saw US$21.8 million in registered capital. However, the number of new projects increased from two in December.

Vietnam’s coffee exports increased by 6.1 percent month-on-month in January, reaching US$728.97 million, according to Vietnam’s General Department of Customs.

Vietnam’s imports of animal and vegetable fats and oils fell by 30.78 percent month-on-month in January to US$98.43 million, according to Vietnam’s General Department of Customs. This follows a decline from US$142.20 million recorded in December. 

Beverage and tobacco prices in Vietnam increased by 0.69 percent in January, with alcohol prices rising by 0.8 percent and cigarette prices increasing by 0.7 percent, according to the Vietnam’s Consumer Price Index.

Food and catering service costs in Vietnam rose by 0.74 percent in January, contributing 0.25 percentage points to the Vietnam’s Consumer Price Index. The increase was driven by food prices rising 0.3 percent, while foodstuff saw a larger gain of 0.97 percent, contributing 0.21 percentage points to the overall CPI.