Vietnam: A Rising Destination for Food Processing Innovations

03/12/2024

Vietnam is positioning itself as an attractive hub for technological solutions and new materials in the food processing industry. The growing trend of sustainable and eco-friendly consumption offers a golden opportunity for international businesses to connect with and tap into this dynamic market. Are you ready to lead the way?

With abundant agricultural resources and a population nearing 100 million, Vietnam is emerging as one of the leading food processing centers in the region. The food and beverage sector contributes about 15% of the GDP, while food processing accounts for 19.1% of the total value in the manufacturing sector. These figures highlight the immense growth potential of the industry, attracting providers of advanced technology and raw materials to explore this promising market.

Development Opportunities from Rich Resources

Blessed with abundant natural resources spanning agriculture, fisheries, and forestry, Vietnam has a significant advantage in producing high-quality food products. In 2023, the country’s agricultural, forestry, and fisheries exports exceeded $53 billion, achieving a record trade surplus of $12 billion, up 43%. However, 70-85% of agricultural exports are still in raw or minimally processed forms, leaving significant room for modern processing technologies to enhance value.

Challenges Turning into Opportunities

Vietnam’s food processing industry faces obstacles such as inconsistent raw material quality, outdated processing technologies, and inefficient logistics systems. These challenges, however, create opportunities for businesses offering advanced technologies and innovative materials to step in, helping the sector overcome these barriers—particularly as consumer demand for green and sustainable products grows.

Green and Sustainable Trends

Both domestic and international consumers increasingly prefer sustainably produced goods. This trend drives Vietnamese businesses to improve their value chains, from sourcing organic materials to recycling production waste. This is an ideal time for providers of automation, post-harvest preservation, and quality management technologies to enter the Vietnamese market.

Opportunities for International Collaboration

With an extensive network of free trade agreements, Vietnam provides significant access for international partners to its local food and beverage sector. Forecasts suggest the Vietnamese food and beverage market will exceed VND 720 trillion in 2024, a 10.92% increase from the previous year. This offers opportunities for domestic and international businesses to collaborate, invest in technology, and explore the market’s potential.

The Path Forward

For the food processing industry to grow sustainably, strong cooperation between businesses, the government, and research organizations is essential. Key solutions include investing in modern technology, building sustainable supply chains, and developing high-quality raw materials. Leveraging technological advancements and international expertise will drive Vietnam’s food industry forward, positioning it as a global player.

Why Attend ProPak Vietnam 2025?

Recognizing the industry’s challenges, ProPak Vietnam 2025 promises to bring together reputable suppliers of raw materials and machinery to support the 14,000+ Vietnamese businesses operating in food and beverage production and processing.

Event Date: March 18–20, 2025
Venue: Hall A & B1, Saigon Exhibition and Convention Center (SECC), 799 Nguyen Van Linh, District 7, Ho Chi Minh City