Nation urges companies to focus on domestic consumers (23-09-2009) by Hoa Ta Customers shop at the Big C Supermarket in Ha Noi. The Government will allocate US$2.8 million for trade promotion next month for made-in-Viet Nam products on the domestic market.— VNA/VNS Photo Tran Viet HA NOI — In the fightback against lower exports caused by the economic downturn, the Government has decided to provide VND51 billion (US$2.8 million) to promote trade on the domestic market. The package, to be activated next month, will support research and development activities, distribution, fairs and communication programmes, according to the Ministry of Industry and Trade. National research will be carried out for the first time on customer behaviour, distribution networks and business abilities, according to the deputy director of the ministry’s Domestic Market Department, Vo Van Quyen. A promotion programme will also be aired for 10 minutes daily on TV channels VTV 1 and VTV … [Read more...] about Nation urges companies to focus on domestic consumers
Home food service companies
Foreign investors have great hunger for Vietnam’s lucrative food industry. The rent of space to food services traders in Ho Chi Minh City sharply hiked in recent years, particularly in prime business districts like in the areas surrounding Ben Thanh market and Le Thanh Ton road in District 1, or Truong Dinh and Cao Thang roads in District 3. In fact, scores of investors willingly paid broker fees equal to one to two months rent still found it hard to become owners of places which were bustling business districts to lease out to foreign investors, according to director Nguyen Quoc Dung at Ho Chi Minh City-based property firm Proland Company. Pursuant to Vietnam’s commitments to World Trade Organization (WTO), eight years after Vietnam’s admission into WTO, foreign investors will be liable to lease space in the country to trade in food and drink services. Though three years remain until the undertaking comes into force, many investors from Japan, South Korea, … [Read more...] about Appetite for local food sector
VietNamNet Bridge – The fast food market has formed in Vietnam, with a series of foreign food chains. Why don’t we see many local brands? A Vietnamese banh mi store in HCM City. The invisible war Fast-food chains seem to be not affected by economic downturn in Vietnam when we see a series of strong brands having entered and are about to enter Vietnam. The large market with 90 million people and the high percentage of population of under 30 is very attractive to domestic and foreign investors. The second factor contributing to the attractiveness of the fast food market is that food is one of the four basic needs of humans (food-drinks-accommodations-traveling). The industries satisfying these requirements seem to be less affected by economic recession. In addition, the gloomy real estate market in Vietnam has made the rent for retailing spaces much cheaper than the previous years. This market is attractive but is it fully pink or not? That question is a difficult … [Read more...] about Vietnamese firms absent from food-chain market?
Vietnam Sees Significant Out-Of-Home Consumption Growth Reported by Minh Giang With the rapid rise in food consumption, Vietnam has become one of the 15 fastest growing food service markets in the world. The Weekly spoke with Mr. Prasith Preechachalieo, managing director of Unilever Food Solutions in Vietnam and Thailand, after the company launched its new logo and brand proposition last week. Excerpts: Q: How does Unilever Food Solutions evaluate the Vietnamese food service market, regarding its challenges as well as opportunities? A: Four of the 15 fastest growing foodservice markets in the world are in Southeast Asia – Indonesia, Malaysia, Thailand and Vietnam. This explains why Unilever Food Solutions considers Vietnam as one of the most strategic and important markets with plenty of growing potentials and opportunities. Vietnam’s out-of-home consumption will continue to grow at a fast pace, as economic development is continuing to grow fast. In general, as higher … [Read more...] about Vietnam Sees Significant Out-Of-Home Consumption Growth
"I had chicken and rice. They served just a small bowl of rice and small piece of chicken and charged VND82,000 (US$4). It was unbelievable." Tuyen said the quality of food was worse than cheap eateries that sell such meals for VND15,000-20,000. The mediocre but expensive food stalls and restaurants at airports in the country have attracted complaints for years, but nothing has been done. A recent announcement that authorities will crackdown on such establishment has failed to impress. Fredrickson, manager of a travel agency in HCMC, was quoted by Tuoi Tre (Youth) newspaper as saying that he had studied tours to central region in June and found that the hamburger at Cam Ranh Airport in the south central province of Khanh Hoa, home to the coastal resort town of Nha Trang, was the worst he has ever had. It cost him a whopping nine dollars. His Vietnamese colleague ordered a bowl of instant noodles and an egg for VND60,000, and it came half cooked. Such prices match those at European … [Read more...] about Foods at Vietnam airports leave a bad taste