Vietnamese food, foodstuff producers gear up for epidemic

Covid-19 has led to a sharp increase in the demand for essential goods.

Masan, the producer of instant noodles, processed meat, spices and drinks, is running its factories at maximum capacity.

Vietnamese food, foodstuff producers gear up for epidemic



“We have geared up to provide products to satisfy the basic needs of people,” a representative of Masan said.

Earlier, at a meeting between Deputy PM Trinh Dinh Dung and pig husbandry enterprises, Masan reported that the demand for MEATDeli chilled meat in third week of March increased by 4-5 times, but could only satisfy one-quarter of demand.

The number of orders from Japan is twice as much as the same period last year, but Sai Gon Food can only satisfy 20 percent of the additional demand, because it has to gather strength on satisfying domestic orders.

Le Thi Thanh Lam, deputy general director of Sai Gon Food, confirmed that the number of orders has increased sharply since the beginning of February.

 


The number of orders from Japan is twice as much as the same period last year, but Sai Gon Food can only satisfy 20 percent of the additional demand, because it has to gather strength on satisfying domestic orders.

As for the domestic market, the number of orders has also increased by two times, especially ones for frozen products and ready-made meals.

As the number of orders increases too rapidly, Sai Gon Food is meeting some difficulties: the expenses on some input materials have increased and the production cost has risen as well because workers have to work extra hours.

Nguyen Thanh Trung, director of Que Lam Organic Farm Produce, said the cost Que Lam has to pay to distribute goods in peak period is very high. After the 17th patient was discovered, the company had two days to carry rice from Hue to Hanoi to satisfy the demand.

“We have to hire more workers and use transport services instead of our car,” Trung said. “The retail turnover increased by two fold but the distribution cost has increased sharply."

Tran Quan, the founder of Soi Bien restaurant chain, which has 30 shops and 5 pig farms in Hanoi, noted that fresh food suppliers will face difficulties because of demand fluctuations.

Demand soars on some days, but later drops significantly, depending on the epidemic situation.

According to Nguyen Hong Nhan from Tien Giang Food, rice demand from people has increased by 20-30 percent as people buy rice for storage, thus helping the company toboost sales.

However, demand from enterprises in IZs and schools has dropped because the enterprises have temporarily closed factories and schools have also closed.

“So, the demand has increased, but not too sharply as predicted,” he said.

Dang Thi Lien, director of Long An Food & Foodstuff, said the rice demand has increased as people store rice to prepare for social distancing, but this is just temporary.

Le Ha

More needy people in Hanoi access free food amid COVID-19

More needy people in Hanoi access free food amid COVID-19

Local authorities in Hanoi have continued to offer daily necessities to people most affected by the novel coronavirus (COVID-19), while also carrying out a range of preventive measures against the disease.

Hanoi: Family members supply food to lockdown Ha Loi Village

Hanoi: Family members supply food to lockdown Ha Loi Village

Many people who bring food to their family members in the lockdown Ha Loi Village in Hanoi must be disinfected and checked carefully.

 
 

Other News

.
Vietnam emerges as the world’s No2 rice exporter
Vietnam emerges as the world’s No2 rice exporter
BUSINESSicon  27/07/2020 

Vietnam has beaten Thailand to become the second biggest rice exporter in the world after the latter decided to slash rice exports due to prolonged drought and strong baht.

Competitive power market still afar
Competitive power market still afar
BUSINESSicon  27/07/2020 

There are three criteria for assessing goods and services— including prices, quality and customer service. 

Standardization for agro-value chain
Standardization for agro-value chain
BUSINESSicon  27/07/2020 

When it officially takes effect, the EU-Vietnam Free Trade Agreement (EVFTA) will have a positive impact on promoting Vietnam’s exports, especially agro-products, to the EU.

Downhill likely after climax
Downhill likely after climax
BUSINESSicon  27/07/2020 

Rice is a rare spotlight in Vietnam’s agro-product exports in the first half of this year. However, the good performance may not be maintained in the second half of the year.

Vietnam imposes tariffs on foreign plastic film
Vietnam imposes tariffs on foreign plastic film
BUSINESSicon  26/07/2020 

The ministry of Industry and Trade (MoIT) has applied anti-dumping measures on some products with biaxially oriented polypropylene (BOPP) film originating from China, Thailand and Malaysia.

Improved quality and higher demand boost Vietnam rice export outlook
Improved quality and higher demand boost Vietnam rice export outlook
BUSINESSicon  27/07/2020 

In the first half of this year, rice export value jumped 18.6% year-on-year to US$1.71 billion.

Vietnam urged to be cautious about Chinese investment
Vietnam urged to be cautious about Chinese investment
BUSINESSicon  27/07/2020 

Growing Chinese investment to Vietnam could turn the Southeast Asian country into a transshipment point for China to reroute its exports to a third country.

Vietnam gov’t to offer extraordinary incentives for high-impact FDI projects
Vietnam gov’t to offer extraordinary incentives for high-impact FDI projects
BUSINESSicon  26/07/2020 

By fulfiling certain criteria, some foreign investors would receive special treatment, said Minister of Planning and Investment Nguyen Chi Dung.

Australian firm alleged of transfer pricing worth over US$116 million
Australian firm alleged of transfer pricing worth over US$116 million
BUSINESSicon  26/07/2020 

The State Audit Office of Vietnam requested the police to investigate the case.

Vietnam construction industry stays positive during Covid-19
Vietnam construction industry stays positive during Covid-19
BUSINESSicon  26/07/2020 

The construction industry grew 4.5% year-on-year during the first six months of 2020, which was higher than the GDP growth rate of 1.8%.

EC allows Vietnamese exporters to extend deadline of REX applications
EC allows Vietnamese exporters to extend deadline of REX applications
BUSINESSicon  26/07/2020 

The European Commission (EC) has given the green light for Vietnam’s exporters to extend the deadline of applying for the registered exporter system (REX) until late 2020, 

Southern Vietnamese real estate market: emergence of large M&A deals
Southern Vietnamese real estate market: emergence of large M&A deals
BUSINESSicon  26/07/2020 

The southern real estate market has witnessed a series of impressive mergers and acquisitions (M&A) deals. This trend is expected to be more vibrant in the near future. 

E-wallet providers ask to extend deadline of verification
E-wallet providers ask to extend deadline of verification
BUSINESSicon  26/07/2020 

 E-wallet service providers want to extend the deadline for users to complete identity verification.

Ministry launches PayGov to upgrade national public portal
Ministry launches PayGov to upgrade national public portal
BUSINESSicon  26/07/2020 

The Ministry of Information and Communications (MIC) launched a national payment support gateway (PayGov) yesterday in Ha Noi in the latest move to boost e-government in Vietnam.

Pandemic ravages household businesses and MSMEs: survey
Pandemic ravages household businesses and MSMEs: survey
BUSINESSicon  26/07/2020 

The COVID-19 pandemic has substantially reduced revenue for both household businesses (HBs) and micro, small and medium enterprises (MSMEs), 

Japanese firms choose Viet Nam for production expansion
Japanese firms choose Viet Nam for production expansion
BUSINESSicon  26/07/2020 

Fifteen Japanese firms chose Vietnam as the destination for their production expansion within the Japanese government’s programme to support Japanese firms to diversify their value chains in foreign countries, according to JETRO.

Vietnam Banks Association urges MIC to reduce telecommunication charges
Vietnam Banks Association urges MIC to reduce telecommunication charges
BUSINESSicon  26/07/2020 

The Vietnam Banks Association has just sent a dispatch to propose the Ministry of Information and Communications lower charges for banking services via SMS.

R&D spending key to join global supply chain: executives
R&D spending key to join global supply chain: executives
BUSINESSicon  25/07/2020 

Challenges will overwhelm opportunities for Vietnamese part suppliers if they are unable to find ways to upgrade technology and meet international production standards, business executives said on July 24.

Vietnam likely to export 6.7 million tonnes of rice this year
Vietnam likely to export 6.7 million tonnes of rice this year
BUSINESSicon  25/07/2020 

Vietnam is likely to reach its rice export target of 6.7 million tonnes this year thanks to favourable market conditions and high global demand, according to the Ministry of Agriculture and Rural Development.

Korean multinationals suggest solutions to ease difficulties in Covid-19
Korean multinationals suggest solutions to ease difficulties in Covid-19
BUSINESSicon  27/07/2020 

Vietnam Airlines’ airplanes which have been left idle because of Covid-19 could be used to carry cargo, offering benefits to both the air carrier and export companies.

 
 
 
Leave your comment on an article

OR QUICK LOGIN