Vietnam’s food processing industry has developed strongly in recent years. The country’s annual food consumption value is estimated at about 15 percent of the GDP, and in the last five years, processed food consumption has increased by 9.68 percent a year, and 6.66 percent for the consumption of beverages.
In the first 10 months of 2018, the production index of processed food and beverage industry had a year-on-year growth rate of some 8 percent.
Food and beverages account for the highest proportion in Vietnamese consumers’ monthly spending, at 35 percent.
These figures show Vietnam is a high potential consumer market for processed food and beverages.
Deputy Minister of Industry and Trade Do Thang Hai said the Government has prioritised the processing of agro-fishery-forestry products, with the focus on increasing the proportion of key farm produce and seafood and applying international standards in the production and processing.
Vietnam has also participated in international integration via the signing of economic deals with other countries, which have opened up a broad market for local enterprises, including those operating in food processing, Hai noted.
He added that agreements which soon come into effect such as the EU-Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will help Vietnam’s products expand around the world.
Regarding investment policies, Vu Van Chung, deputy head of the Foreign Investment Department, stated that Vietnam had issued the Investment Law with numerous incentives for foreign investors.
The Ministry of Industry and Trade has worked with the Ministries of Planning and Investment, and Agriculture and Rural Development, as well as local agencies to support investors who want to pour capital into the country’s food processing industry, Chung affirmed.
VNA
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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