Press Releases
Catch Up on Vietnam’s FMCG and Pharmaceutical Markets with ProPak Vietnam 2018

Ho Chi Minh City, 26 January 2018 – The healthcare and pharmaceutical market in Vietnam has been expanding rapidly and in line with the country’s strong economic growth. Vietnam is amongst the highest growing markets in Asia for pharmaceutical products during the period of 2010–2016 with a compound annual growth rates (CAGR) of 19.7 per cent. The Vietnamese pharmaceutical market is expected to expand in value from $3.5 billion in 2015 to an estimated $6.6 billion by 2020, according to research and consulting firm GlobalData(1). The average growth rate of spending on drug was 14.6 per cent in 2010-2015 and is set to maintain a rate of at least 14 per cent until 2025. Spending is forecast to double to $85 per person in 2020 and $163 in 2025(2).

Vietnam’s pharmaceutical industry holds tremendous potential for future growth. Indeed, ageing population, rapid urbanization, rising income per capita, higher living standards as well as heightened health-awareness among the middle-class segment, should provide ample fuel for growth in the domestic consumption of pharmaceutical products.

Vietnam's FMCG industry is on the upswing

The Fast-Moving Consumer Goods (FMCG) industry in Vietnam also boasts significant opportunities, remaining as one of the most dynamic emerging markets in Southeast Asia region. The growth of the FMCG sector in the third quarter of 2017 reached 6.4 per cent, a year-on-year rise of 3.5 percentage points, backed by a 5.8 per cent increase of volume(3).

According to the recent report released by Nielsen Vietnam, when looking deeper into six super FMCG categories nationwide (beverage - including beer, food, milk base, household care, personal care and cigarettes), beverage enjoyed a big increase with the highest growth rate at 8.5 per cent. The food sector also represents a large and growing portion, with the food sales forecasted to grow by a CAGR of 10.9 per cent over 2015-2020(4). This further illustrates the positive outlook for the country's food and drink sectors. In addition, the expansion of modern retail lifestyle will open the door for greater exposure to FMCG businesses, presenting a great opportunity for businesses to boost their production capacity and expand market reach and areas of investment.

ProPak Vietnam 2018 - Timely return to serve burgeoning markets

With sustained industry growth offering many opportunities, the industry leading trade event ProPak Vietnam makes a timely return for its 13th edition from 20 to 22 March 2018 at Saigon Exhibition & Convention Center (SECC), Ho Chi Minh City - bigger and better than ever.

Propak Vietnam 2018 is the ideal business platform for Vietnamese food, drink and pharmaceutical manufacturers and suppliers to upgrade technological capabilities, enhance competitiveness in the market and stay abreast of the industry trends. This is also a prominent gateway for industry leaders to learn from and network with peers from around the world, exchange professional knowledge and know-how, as well as discuss potential business partnerships.

Consistently attracting robust international participation, ProPak Vietnam 2018 will feature more than 420 exhibitors from 29 different countries and regions, and this figure is likely to continue to increase by the show date. Notable among the participating countries are the major manufacturing and exporting hubs such as Australia, Spain, USA; EU member countries such as Germany, France, Italy; and other developed Asian nations like China, Korea and Japan.

A vast array of top-of-the-range equipment, innovative technologies and solutions will be on full-scale display across 10,000 square meters of the exhibition space. Four main areas of focus include: Processing and Packaging Equipment and Machinery; Packaging Materials and Accessories, Processing and Packaging Services; Quality Control and Training. A multitude of local and international brand names have confirmed their return to the event, namely Bericap, Chumpower, DKSH, Flowcrete, Fuji, Heat and Control, Ishida, Joiepack Industrial, MNB Technologies, Mekong Technology, Phu Loc Technologies, Song Song, Uchida, amongst numerous others.

Adding to the main exhibition will be a series of conference and workshops including:

  • “Vietnam Food Engineering Symposium” hosted by Vietnam Association of Food Science and Technology (VAFoST)
  • “Analytical Technologies for Food Processing and Safety” seminar hosted by Lean Six Sigma Network
  • “New Product Development Tools and Methodology for Maximizing Role and Experience of Customers” seminar hosted by Multi Engineering Solutions Laboratory (MESLAB)

“ProPak Vietnam 2018 is the largest edition since its first launch in 2005. The exhibition has progressively grown through the years and is a positive reflection of Vietnam’s strong industry growth which serves both domestic consumption and export markets. As Vietnam’s economic performance continues to strengthen, we expect to see a similar growth trend for ProPak Vietnam in the coming years, further solidifying its position as the event of choice for food, drink and pharmaceutical processing and packaging technologies,” says Mr. BT Tee - General Manager, UBM VES, the organizer of the Propak Vietnam 2018.

- Ends –

(1): http://www.pharmexec.com/vietnamese-pharmaceutical-market-reach-66-billion-2020

(2): http://english.vietnamnet.vn/fms/business/192807/vietnam-s-pharmaceutical-sector-expected-higher-growth.html

(3): http://english.thesaigontimes.vn/57405/FMCG-growth-in-Q3-put-at-64.html

(4): Business Monitor International, Vietnam Food and Drink Report Q3 2016

 

Notes to Editors:

Event at a glance:

Exhibition:                              Propak Vietnam 2018

Venue:                                     Saigon Exhibition and Convention Center (SECC)

Address:                                  799 Nguyen Van Linh Parkway, Tan Phu Ward, District 7, Ho Chi Minh City, Vietnam

Date:                                        20 – 23 March 2018 (Tues – Thu)

Time:                                       0900hrs – 1700hrs

Registration:                             www.propakvietnam.com

                       

About ProPak Vietnam (www.propakvietnam.com)

ProPak Vietnam is the largest and most international trade event for the rapidly expanding processing and packaging industries in Vietnam and Indochina. This annual event is dedicated to technology suppliers involved in the food, drink and pharmaceutical processing and packaging, plus the printing and labeling industries, bringing together thousands of industry leaders and professionals from all segments of the supply chain under one roof.

Not only sourcing the best-of-breed products, services and technological solutions, visitors to ProPak Vietnam will also have the opportunity to network with over 380 high-profile exhibitors from around the world, discuss potential business partnerships, as well as exchange knowledge and perspectives with a plethora of thought leaders and industry experts.

 

About UBM Asia (www.ubmasia.com)

With a track record spanning over 30 years and a strong global presence in 24 major cities across Asia and in the US, UBM Asia is the largest trade show organiser in the region, and the largest commercial organiser in China, India, Malaysia and Thailand. We provide you with a one-stop diversified global platform for high value business matching, quality market news and online trading networks. Every year, we connect over 2,000,000 buyers and sellers from 150 countries and regions.

For media content, please contact:   

Joey Tran (Ms.)   

Public Relation & Conference Executive

UBM VES

Tel: (+84) 283 622 2588 (Ext: 120)

Email: joey.tran@ubm.com

 

 

             

PROPAK VIETNAM 2017 - QUICK FACTS
8800 Sqm/Exhibition Area  401 Exhibitors| From 21 countries / regions 7972 Trade Visitors| From 29 countries/ regions 11 International Group Pavilions