Vietnam’s food processing and manufacturing industry continued its upward trajectory in October 2024, posting gains both on a monthly and yearly basis. Vietnam’s industrial production index data shows a 2.6 percent increase from September, indicating moderate but steady growth within the sector. This monthly rise points to stable demand and improved production capacity.
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. These annual gains reflect strong demand for Vietnamese food products, both domestically and for export.
Vietnam’s food processing sector is well-positioned to sustain this growth, driven by a rising consumer base and expanding export markets. However, continued expansion may require addressing challenges such as raw material supply, production costs, and adherence to international quality standards to maintain competitive growth.
See also: Manufacturing in Vietnam 2024