Vietnamese confectionery firms get their act together Vietnamese confectionery businesses have upgraded production technologies to improve quality and efficiency, and developed new product lines to retain market share at home and also boost exports amid fierce competition. Bibica Corporation, one of the country’s largest confectionery firms, opened a factory in Long An province last year with modern lines imported from Europe and the US. The company said it is part of a long-term development strategy with a focus on investing in modern technologies, increasing capacity and improving products to meet new trends. In recent years Bibica has also focused on distribution systems and finding new markets. Its number of sales outlets went up from 95,000 in 2016 to 130,000 by the end of last year, and it exported its products to over 21 markets, including quality-conscious ones such as the US, Japan and Singapore. Another confectionery producer, Huu Nghi Food, is building a 800 billion VND (34.2 million USD) food factory in Bac Ninh province, thought to be one the most modern of its kind in Southeast Asia, and it is expected to be open this year. The company said the factory would help increase productivity and both meet domestic… Read full this story
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