HCM City set to host food, beverage, packing machinery expo

Foreign investors eye local food processorsQuoc Hung Ly Kim Chi, chairwoman of the HCMC Food and Foodstuff Association, speaks at a press conference on Vietfood & Beverage – ProPack 2017 on July 31 - PHOTO: HUNG LE HCMC – The trend of foreign investors recently taking over some domestic food processing firms or holding controlling stakes in such enterprises is forecast to gain more momentum, said Ly Kim Chi, chairwoman of the HCMC Food and Foodstuff Association, at a press conference on Vietfood & Beverage – ProPack 2017. Chi told the Daily on July 31 that foreign companies have been finding ways to buy into local small and medium food processors that are in need of new investments. Notably, some major food players are now under the management of foreign enterprises. She commented the situation is not necessarily due to the ineffectiveness of local food firms in the process of international integration, but partly due to the fact that foreign investors offer higher prices than their true asset values that are irresistible to local enterprises. Chi stressed the market trend is inevitable and that international investors purchase controlling stakes in State-owned and private companies will continue in the future. The Government should offer policy support for local food processing enterprises to improve their competitiveness, she said, adding they may find it tough to compete with rivals in other ASEAN countries. Foreign investors also show interest in Vietnamese beverage companies, Chi said. According to experts, the strong economic growth has become…... [read more]

Northern provinces are harvesting winter-spring crops with an estimated output of 6.2-6.4 million tonnes. The Mekong Delta region also had bumper winter-spring crops and its farmers are harvesting early summer-autumn crops. They have harvested around 130,000ha out of 400,000ha summer-autumn crops with an average productivity of 5-5.5 tonnes per hectare and even 6 tonnes per hectare in some regions. With the estimated rice output, after balancing domestic demands and the national reserve, the rice volume for exports will be more than 4.5 million tonnes. Based on signed export contracts, Vietnam will export around 2.2-2.3 million tonnes of rice by the end of this month. Therefore, according to the Prime Minister’s direction permitting the signing of rice export contracts amounting to 3.5 million tonnes by the end of the third quarter, businesses will buy around 1.2-1.3 million tonnes of rice for export. Secretary General of the Vietnamese Food Association (Vietfood) Nguyen Thi Nguyet said that businesses have signed new export contracts, bringing the total rice export volume to 3.5 million tonnes. All new rice exports will be delivered in next three months (July to September). According to Vietfood, rice prices on the world market are falling sharply because export and import countries are harvesting their crops with increasing yields. However, Vietnamese rice exports still enjoy favourable conditions thanks to increasing demand for rice on the world market. The Food and Agriculture Organization (FAO) has forecast that rice prices will continue to rise to hit a record high in 2009.... [read more]

So far this year, rice enterprises have exported 4.9 million tonnes and the global demand for rice always rises at the end of this year, therefore Vietnam’s rice exports should increase in the near future. Although the world’s price of rice tends to fall, Vietfood still keeps its rice exports at a stable level to ensure a profit for both farmers and businesses. Enterprises are exporting 5 percent broken rice at US$400 per tonne and 25 percent broken rice for US$350 per tonne. Those floor prices follow the Government’s guidelines on guaranteeing prices for farmers at VND3,800 per kilogram. The price of rice in the Mekong Delta is now fluctuating between VND4,100-4,200 per kilogram.... [read more]

Organised by Japan's Ministry of Agriculture, Forestry and Fisheries, the second Oishi Nippon Fair at the Tokyo Town restaurant, 188 Nam Ky Khoi Nghia Street, District 3, is part of a project to introduce Japanese cuisine to the world and follows an earlier one in April. Until September 17, Tokyo Town will offer a menu with seven dishes – croquette, fried noodle with seafood, udon salad, fermented vegetable mixture, bacon wrapped asparagus and sausage, breaded butterfly shrimp with mayonnaise, and fish pie with soy sauce – and three beverages. At weekend, food expert Nguyen Thi Dieu Thao will teach diners how to cook traditional miso soup with some changes to suit the Vietnamese taste. Japanese delicacies have also been on offer at the 17th Vietfood & Beverage until September 14 at the city's Tan Binh Exhibition and Convention Centre. Yoshinori Yakabe, the Japanese deputy consul in HCM City, said Japanese restaurants, that used to mostly serve Japanese customers, now attract more and more Vietnamese. Japanese food has become a "trend", he said.... [read more]

Viet Nam News HÀ NỘI - PM Nguyễn Xuân Phúc has asked Hà Nội's People's Committee to order authorised agencies to impose strict penalties on units and individuals committing violations while checking quality of Vietfoods sausage products, the online Vietnamplus reported. Earlier, on April 20 last year, sausages manufactured by Hùng Anh Commerce Co Ltd in Hà Nội's Hoàng Mai District were seized by Hà Nội Market Surveillance team No 14 on the suspicion of containing banned substances that could lead to cancer. The media then broadcast the news that the sausages contained banned substances and therefore the company's plant must stop its work. This inaccurate information led to concerns among customers and also affected the sausage manufacturer. Customers returned more than 10 tonnes of sausages to the company. More than 100 workers were forced to temporarily halt work, causing losses worth several billions of đồng. On May 19 last year, food processor Vietfoods submitted a petition requesting help from the Prime Minister. The Prime Minister assigned the Ministry of Industry and Trade, the Ministry of Health and the city's People's Committee to investigate and address the issue. Following the report of the two ministries, the Prime Minister ordered punishment in accordance with the law. The Ministry of Industry and Trade was asked to step up training on legal knowledge and professional skills for officials of market surveillance teams to avoid repeated violations. The Việt Nam Food Administration under the Ministry of Health also confirmed that 2.2 tonnes of Vietfoods…... [read more]

Prime Minister Nguyen Xuan Phuc has required the Hanoi People’s Committee to instruct authorized agencies to strictly handle teams and individuals involved in wrongdoings in inspecting Vietfoods sausage. The wrongdoings occurred at market management team no. 14 under Hanoi Market Management Department. On May 19, the PM received a letter for help from Vietfoods Company who reported that the team’s officials abused their power, unmethodically inspecting and sequestering the company’s sausage products. Moreover, they informed media that Vietfoods sausage contained banned and cancer causing substances without legal foundations, damaging the company and the brand name.Afterwards the Prime Minister tasked the Ministry of Industry and Trade, the Ministry of Health and the Hanoi People’s Committee to urgently inspect and handle the case as per the proposal by Vietfoods. After considering reports from the two ministries, he asked the Hanoi People’s Committee to strictly handle erogenous teams and individuals in accordance with the law. Besides, he ordered the Ministry of Industry and Trade to raise awareness of legal and professional knowledge for market management cadres and officials to prevent violations while they are on duty.... [read more]

VietNamNet Bridge - Following an invasion of South Korean barbecue restaurants, Korean food products have been entering the Vietnamese market through retail channels. Nguyen Thi Van from Trung Van residential quarter in Hanoi said she likes the goods because she admires South Korean culture and believes Korean goods have high quality. “Japanese goods are the best, but South Korean goods are also okay, while the prices are better than other imports,” she explained. Van said she and the other housewives in the residential quarter now use more products from South Korea. In the past, she bought ginseng, but now, she buys everything, from instant noodles to cosmetics to electric cookers. There are many consumers like Van. Only a few shops distributed South Korean goods in Trung Hoa – Nhan Chinh and My Dinh urban areas in the past, but now there are far more. Thu Hong, a saleswoman at a convenience store in Ha Dong district, said young people like South Korean noodles very much. Following an invasion of South Korean barbecue restaurants, Korean food products have been entering the Vietnamese market through retail channels. “They like watching South Korean dramas and they want to try some kinds of South Korean noodles,” Hong said, adding that South Korean goods, together with Japanese and Thai goods, offer more choices to consumers, especially young consumers in urban areas. An analyst said that South Korean manufacturers were shifting their focus from the Chinese market to Vietnamese. The Shinsegae Group has put its first…... [read more]

Wrapped in beautiful carton boxes, the pears imported from the Republic of Korea (ROK) are sold at VND250,000 per kilo, affordable only to high-income earners. However, the products still sell very well in large cities. Nguyen Thi Van from Trung Van residential quarter in Hanoi said she likes the goods because she admires Korean culture and believes Korean goods have high quality. “Japanese goods are the best, but Korean goods are also okay, while the prices are better than other imports,” she explained. Van said she and the other housewives in the residential quarter now use more products from the ROK. In the past, she bought ginseng, but now, she buys everything, from instant noodles to cosmetics to electric cookers. There are many consumers like Van. Only a few shops distributed Korean goods in Trung Hoa – Nhan Chinh and My Dinh urban areas in the past, but now there are far more. Thu Hong, a saleswoman at a convenience store in Ha Dong district, said young people like Korean noodles very much. “They like watching Korean dramas and they want to try some kinds of Korean noodles,” Hong said, adding that Korean goods, together with Japanese and Thai goods, offer more choices to consumers, especially young consumers in urban areas. An analyst said that Korean manufacturers were shifting their focus from the Chinese market to Vietnamese. The Shinsegae Group has put its first Emart supermarket in Vietnam into operation with the investment capital of US$60 million. Lotte has been…... [read more]

The Hanoitimes - On November 9, the Vietfood & Beverage – ProPack Fair has been officially launched in Hanoi International Exhibition Centre at 91 Tran Hung Dao Street, drawing the participation of 180 enterprises from 11 countries and territories. The event, which will last until November 12, features 200 booths of enterprises from the Republic of Korea, Thailand, Malaysia, Italia, Denmark, Spain, and China. It also sees the presence of domestic famous brands such as Golden Farm, Minh Tien and Sen Viet coffee, Chinh Son tea, Minh Trung food and black garlic. Speaking at the opening ceremony, Le An Hai, deputy head of the Asia-Pacific Market Department, affirmed the fair aims to boost trade between domestic and foreign businesses. It offers a good chance for local producers to expand markets and boost exports while helping foreign ones seek their distributors in Vietnam. Hai said food and beverage is one of the industries with rapid growth in terms of quality and quantity and has great potential for development in Vietnam. It is the first time the Vietfood & Beverage - ProPack international exhibition will come to Hanoi after being held in HCM City for 20 years, with the expected participation of 180 enterprises from 11 countries and territories. According to the organiser - the Vietnam National Trade Fair & Advertising Company (Vinexad), products to be displayed at the exhibition include vegetables (fresh, dried, canned, processed), seafood (cooked, frozen), agricultural products (coffee, tea, cashew, pepper), food ingredients, beverage, confectionery, and packaging and…... [read more]

Hanoi (VNA) – The Vietfood & Beverage – ProPack Fair opened on November 9 in Hanoi, drawing the participation of 180 enterprises from 11 countries and territories. The event, which will last until November 12, features 200 booths of enterprises from the Republic of Korea, Thailand, Malaysia, Italia, Denmark, Spain, and China. It also sees the presence of domestic famous brands such as Golden Farm, Minh Tien and Sen Viet coffee, Chinh Son tea, Minh Trung food and black garlic. Speaking at the opening ceremony, Le An Hai, deputy head of the Asia-Pacific Market Department, affirmed the fair aims to boost trade between domestic and foreign businesses. It offers a good chance for local producers to expand markets and boost exports while helping foreign ones seek their distributors in Vietnam. Hai said food and beverage is one of the industries with rapid growth in terms of quality and quantity and has great potential for development in Vietnam.-VNA... [read more]




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