Vietnam: Food Processing Ingredients Annual

  |   Attaché Report (GAIN)   |   VM2024-0005

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Office of Agricultural Affairs, Ho Chi Minh City   |   (011-84-28) 3520-4630

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Vietnam: Food Processing Ingredients Annual
Vietnam’s food processing industry comprises some 11,000 companies, valued at $73.8 billion in 2023. Growth in 2023 was 6.1%, down from a blistering 8.8% in 2021 and 2022. By contrast, food retail (valued at $68.5 billion) saw growth of 11.4% and food service and accommodation sales (valued at $27.3 billion) saw growth of 14.7% due to a rebound in tourism. Overall imports of consumer-oriented products reached $13.45 billion in 2023, increasing by 5% over 2022. Imports of U.S. consumer-oriented products declined by 7% during that same time, mainly due to a tariff disadvantage relative to competitor countries. Strong prospects for food processing ingredients include tree nuts, meat, bakery ingredients, dairy products, fresh and dried fruit, wheat, soybeans, and potatoes.
East Asia and the Pacific, Vietnam
Processed Food Products

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