At an food and beverage expo in HCM City (Source: VNA)Hanoi (VNA) - The VietFood, Beverage and Professional Packing Machines (VietFood& Beverage – ProPack) International Expo 2017 kicked off in Hanoi onNovember 8.
The event drawthan 200 domestic and foreign businesses from 10 countries and territories,including the Republic of Korea, Singapore, Denmark, Japan, Thailand, India,China and host Vietnam.
The annual expo,held by the Vietnam National Trade Fair & Advertising Joint Stock Company(Vinexad), displays a wide range of products such as vegetables, seafood, farmproduce, materials for food, beverages and confectionary, alcoholic drinks,fruit juice, tea, coffee, food packaging and preserving equipment, amongothers.
A similar expowas organised in Ho Chi Minh City in August, with the participation of 512companies from 20 countries and territories which showcased products at 608booths.
According to theorganisers, more than 15,300 visitors came to the expo and about 3,000 trading contractswere signed between agricultural and processing firms.
The food sectoris forecast to continue its growth in the coming time, Nielsel Vietnam said,adding that the country’s food and beverage market was valued at 30 billion USDin 2016.
BMI Research forecastthat the sector’s growth rate would be at 10.9 percent in the 2017-2019 periodthanks to people’s increasing income and a trend of using high value products.
The latestfigures from the General Statistics Office showed that food production andprocessing in the first nine months of the year rose by 6.6 percent, while thatof the beverage sector was 5 percent higher than the same period last year.
With apopulation of more than 90 million and an increasing number of tourists, thefood and beverage industry has been getting the attention of both local andforeign investors.-VNA
