A honey production line of Xuan Nguyen Group (Photo: VNA)Hanoi (VNS/VNA) - Seeing food and health careproducts have become a priority of consumers after the COVID-19 pandemic, manybusinesses are racing to grab market share.
During the peak of the pandemic in Vietnam, the food andhealth care sector still grew with high revenue while many industries hadalmost no revenue.
Lu Nguyen Xuan Vu, general director of Xuan Nguyen Group, said the group has enjoyed veryfast revenue growth rate, up to 300-400 percent compared to before thepandemic.
The group has 11 nutritional product lines, which soldwell as consumers care more about health, Vu told Cong Thuong (Industry & Trade)newspaper.
In addition, consumers are interested in frozen foods andimmunity-boosting products like fruits and vegetables.
Vina T&T Import Export Trading Service Co., Ltd noted itsrevenue sales volume at agricultural product distribution stores always stayedat about 500 million VND (21,500 USD) per month.
Notably, the company's sales increased by 30 percent afterthe COVID-19 pandemic. The business will also open two more stores to meet theneeds of consumers in HCM City in the near future.
The Food and Foodstuff Association of HCM City has said thatthe industry growth rate would increase by about 10 percent this year.
Demand for food and health care products is good and it isthe gold time for enterprises to accelerate production from now until the endof the year.
Vu saidhis company was speeding up the procurement of raw materials, trainingsales agents and preparing business scenarios in “new normal”conditions.
Similarly, many other food companies such as Meizan, Ba Huan and Vissan have boostedtheir capacity to meet the needs of the market.
The food producers said although the pandemic is undercontrol in Vietnam, the situation was still complex in the world, therefore,businesses were always ready to supply enough food when the market needed it.
Many businesses have also paid more attention to the investmentin modern machinery and equipment to create quality and lower-cost products toimprove competitiveness and meet domestic and export demand.
The Department of Industry and Trade of HCM City said thefood processing industry accounts for 27 percent of the city's four keypriority industries.
Therefore, the increase in production and revenue after thepandemic also helped limit the decline of the city's industry, it said.
The city also said it had implemented policies to supportbusinesses in this industry to invest in developing production, connectingbanks and businesses, and organising trade promotion programmes for the foodindustry at home and abroad./.
VNA
