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F&B industry
Update news F&B industry
F&B industry to reach 30 billion USD in 2024
The Ministry of Industry and Trade (MoIT) forecasts that the revenue of the food and beverage (F&B) industry will grow by 10.92% this year, reaching more than 720 trillion VND (29.8 billion USD).
F&B sector earns VND600 trillion a year, but 60% of workers lack stable income
The total revenue of the food and beverage (F&B) sector reached VND610 trillion in 2022, but laborers in the industry are mostly unskilled and untrained and cannot satisfy employers’ requirements.
Vietnam F&B: An appealing industry for UK companies
The recovery and development of the food and beverage (F&B) market post-COVID-19 is providing opportunities not only for domestic companies but also for United Kingdom enterprises, especially after the success of the UKVFTA.
Bright prospects for F&B industry
The COVID-19 pandemic changed the landscape of the food and beverage (F&B) towards digital transformation, which provided bright prospects for the industry when economic activities returned to normal.
