PE
@Peternguyen
10 points

Peter Nguyen

Last activity 4 years ago

Signed up 4 years ago

PE
electroniccomponents.com is one of the best options to select when it comes to buying electronics. However, you may like the option of buying from a local vendor better, still.

What is the main industry in Vietnam?

RI Riyasharma asked on 29 June 2020, 03:17
PE

Up until now, the main industry in Vietnam is food processing.

The government of Vietnam is implementing several programs to increase the production of rice, corn and tapioca, and enhance food processing technologies. The country has already become a food product processing hub with an annual growth rate of approximately 20-30%. The changing food habits of locals, who tend to use preliminarily-treated foods for making meals, are increasing the demand for processed foods. Although the country’s food processing business is highly fragmented, it is anticipated that the business will consolidate soon with new openings in the market and increased growth opportunities for foreign companies.

The availability of processed and packaged foods in Vietnam will increase as modern food retailing businesses expand their operations to meet the rising demands of consumers.