Latest News about FMCG
Vietnam’s fast-moving consumer goods (FCMG) market growth returns to its pre-Covid-19 level in the short term.
The coronavirus public health emergency is presenting both opportunities and challenges for manufacturers to handle a pick-up in the demand for fast-moving consumer goods.
Snacks are replacing traditional meals as busy modern life changes consumer behaviour, making the snack market lucrative globally including in Viet Nam, experts said.
The recent emergence of e-commerce and online payments has posed a great challenge for traditional retail giants.
The FMCG growth is driven by strong economic expansion and low inflation.
Vietnam’s mergers and acquisitions market is abuzz in food and beverages, as well as in consumer goods, as the competitive landscape evolves and rivals reshape their portfolios.
With 56 percent of population under aged 30, according to Nielsen, the total spending of consumers is expected to double to $173billion by 2020.
Vietnam's index highest in Asia-Pacific, with country being third-most confident globally.
While seeking new growth, many big companies, from The Gioi Di Dong (phone distributor) and Petrolimex (petroleum distributor) to Son Kim Retail are targeting the FMCG (fast-moving consumer goods) sector.