Korean soju sales saw astounding success in Vietnam last year, boosted by strong marketing strategies from the top two soju manufacturers in Korea: Hite Jinro and Lotte Liquors.
The Vietnamese food processing industry has experienced rapid growth over the past five years, and expects further expansion as it targets additional foreign investments.
Thailand will ban all plastic waste imports by 2021, making it the latest country in South east Asia to take policy-level action against a rising influx of foreign plastic scraps, much of which comes from food and beverage packaging.
Thailand and Vietnam have backed out of the bidding process to supply rice to the Philippines, due to the National Food Authority’s (NFA) ‘difficult’ Terms of Reference (TOR).
Vietnam is looking to New Zealand for assistance in food traceability and food safety, with the sixth Vietnam-New Zealand Joint Trade and Economic Commission (JTEC) agreeing a raft of collaborations.
Vietnam’s fruit and vegetable exports reached the VND 63.5tn (US$2.7bn) mark as of September 2018, up 14.1% year-on-year, but officials are concerned that more needs to be done to improve sales to domestic consumers.
In just three years, a craft scene has exploded in Vietnam’s beer capital. We talk to some of the craft brewers and entrepreneurs driving the sector forward with Vietnamese ingredients and local twists.
Changes to food safety and traceability rules in China, the prospect of severe fines for food firms in Vietnam, plus potential raw milk law changes in New Zealand feature in our monthly policy round-up.
Asia’s large format retailers — supermarkets and hypermarkets — are set to grow 3.3% a year to 2022, with firms in Vietnam, India and the Philippines forecast to see double-digit growth over the next five years.
Nestlé has launched a new Nescafé Dolce Gusto capsule production line in Vietnam, which will use locally-grown coffee beans top process 2,500 tonnes of coffee per year — the equivalent of around 130 million capsules.
Coffee and tea company Jacobs Douwe Egberts (JDE) and its partners are ploughing in US$1m on a coffee sustainability project in Vietnam’s Central Highlands designed to boost traceability and food safety.
The Vietnamese food and beverage industry is seeing strong growth along with rising incomes, and its unique characteristics and preferences bring opportunities that food firms need to know how to seize.
ThaiBev recently completed its acquisition of Saigon Beer Alcohol Beverage Corp. (Sabeco) with “action to consummate the transfer of sale shares” having taken place.
Foreign soft drink manufacturers have taken control of more than half of Vietnam’s US$4bn non-alcoholic drink market for the first time, as local players work out how best to compete.
As Vietnam’s 93m population grows in size and purchasing power, healthy soft drinks are becoming more attractive for food and beverage sector investors.
A staggering number of cattle seafood farms across large areas of Vietnam have been found to feed their stock antibiotics, the country’s animal welfare authority has found.
While consumers have been curbing their intake of carbonated drinks in many markets, in Vietnam soft drinks consumption looks set to break the 1bn litres barrier this year.
Anheuser-Busch InBev says Vietnam is the ‘next turning point’ for growth in Southeast Asia, as it officially opened its first brewery in the country yesterday.
Vietnamese state-owned companies plan to convert some coffee and rubber plantations to cocoa, delivering a significant boost to the country’s annual output, says Vietnam’s principle cocoa buyer Puratos Grand-Place.
spiritsEUROPE tells BeverageDaily.com that the EU is keen to seal a free trade agreement (FTA) with Vietnam to help members including Diageo, Beam Inc. and Pernod Ricard open up a ‘priority’ market.
India’s buffalo meat (carabeef) exports to Southeast Asia are growing fast, thanks to rising demand in China, even though the world’s second-biggest economy has not officially opened its doors to India in this sector.
Nestlé says its newly opened $238m soluble coffee factory in Vietnam will meet growing demand in the region, and will allow it to better adapt products to local preferences.
Nestlé’s Nescafé brand is to increase its footprint in Vietnam through a CHF 230m (€219m) investment which will be used to set up a new coffee factory in the region.
The first 100 per cent single source chocolate from Vietnam is being launched by Belgian B2B producer, Grand-Place, who in a bid to increase output is investing heavily in improving the quality of the cocoa beans from the region.
Vietnamese soft drinks consumption has held up in the face of the global recession with growth levels higher even than neighbouring China, according to new market research.
The Vietnam Food Association says that in 2005 turnover in rice
exports is expected to reach $1 billion, but with no plans to
increase crop growing areas, the target may well prove difficult to
reach.
The EU, Vietnam's largest trading partner, is the first major
partner to conclude its bilateral deal with Vietnam, giving a boost
to Vietnam's accession to the WTO.
The Philippines-based San Miguel Corporation has broken ground on a
non-alcoholic beverage facility in South Vietnam. The move comes as
part of the company's plans to increase its operations outside the
domestic market - aims...
The latest launches from Mintel's GNPD database reveal an emphasis
on snacks and dairy products this week, with a varied selection of
new ranges from Vietnam, Singapore and the Philippines that focus
on healthy properties.
