Vietfood & Beverage – Propack will take place from November 9-12 in Hanoi (Photo: Vinexad)Covering 4,500 sq.m, the exhibition will feature 300 booths by250 businesses from various countries, showcasing a diversity of products.
The event will gather prestige firms in the food industry, alongwith famous international brands such as Choya, Obsortech, Allanasons, IndiaFrozen Foods, Rustam Foods and Al-sameer.
Vinexad said the exhibition will offer chances for domestic andforeign firms to access markets, popularise products, and strengthen the brand.
The event is expected to help businesses explore the marketdemands and design their development strategies.
A BMI report showed that Vietnam is one of the most attractive food andbeverage markets in the world, ranking 10th in Asia in 2019. Total revenueof the sector reached nearly 976 trillion VND (40.81 billion USD) in 2020, making up 15.8% to the country’s GDP.
Spending on food and beverage accounts for about 35% of the total expenditure ofVietnamese consumers.
Vietnam is expected to become the third largest market in terms of the numberof consumers and the fifth in terms of total spending on those items inSoutheast Asia by 2030./.
VNA
