Members of the US’s National Pork Board speak to the media in HCM City on September 24 during a trip to Việt Nam as part of their 10-day visit to several Asian countries. (Photo: VNA) HCM City (VNS/VNA) - Vietnam is an important market, the US National Pork Board has said. “Consumption of US pork here is on the rise, and this trip offers our industry leaders the unique opportunity to get in on the ground floor and build awareness for US pork and pork products with decision-makers,” Craig Morris, vice president of international marketing at the board, said. He was speaking to the media in HCM City on September 24. He is one of the officials and key leaders of the US pork industry who are on a 10-day trip to Singapore, Vietnam, Hong Kong, and Macau to understand consumer preferences and build relationships with buyers, influencers, retailers, and other key stakeholders. Michael Skahill, a member of the National Pork Board’s … [Read more...] about Vietnam an important market, says US pork industry
Importance market segmentation
VN an important market, US pork industry says
Viet Nam News HCM CITY — Việt Nam is an important market, the US National Pork Board has said. “Consumption of US pork here is on the rise, and this trip offers our industry leaders the unique opportunity to get in on the ground floor and build awareness for US pork and pork products with decision-makers,” Craig Morris, vice president of international marketing at the board, said. He was speaking to the media in HCM City on Monday. He is one of the officials and key leaders of the US pork industry who are on a 10-day trip to Singapore, Việt Nam, Hong Kong, and Macau to understand consumer preferences and build relationships with buyers, influencers, retailers, and other key stakeholders. Michael Skahill, a member of the National Pork Board’s international marketing committee, said Việt Nam was the fastest growing economy in Asia, and consumers here were demanding food products, leading to more demand for pork products, including … [Read more...] about VN an important market, US pork industry says
Dairy producers run race in high-end market segment
VietNamNet Bridge - Domestic dairy producers are developing their A2 milk cow herds to serve their plan to make A2 milk, starting a new race in the high-end market segment. TH's milk cow farm In late June, both Vinamilk and TH True Milk, the two largest dairy producers in Vietnam, announced the development of A2 milk cows and the launch of A2 milk in the near future. While Vinamilk imported 200 purebred A2 cows, TH True Milk chose to develop 500 A2 cows selected from its herd available in TH's farm in Nghe An province. In Vietnam, A2 cow and A2 milk remain unfamiliar concepts. Scientists say most primitive purebred cows produced the milk containing only beta-casein A2. After an evolutionary process, beta-casein A1 has appeared in milk. And now, there are both A1 and A2 protein in milk and so far, fresh milk contains both A1 and A2. In a randomized cow herd, there are about 30 percent of A2 cows. A2 milk has an amino acid sequence close to breast milk, which helps … [Read more...] about Dairy producers run race in high-end market segment
Viet Nam dominates Canada’s shrimp market
Consumers in Canada increasingly prefer processed seafood, especially processed and frozen shrimps, due to their high usability. Shrimp dishes are increasingly becoming popular in restaurants too. — Photo ndh.vn Viet Nam’s shrimp export value to Canada reached US$27.7 million by March 2018, a year-on-year increase of 16 per cent, according to Viet Nam Association of Seafood Exporters and Producers (VASEP). For many years, Canada has been among the top 10 shrimp import markets of Viet Nam. Although shrimp exports to Canada has not grown noticeably and continuously, the country is still considered a potential market for Vietnamese shrimp products due to its proximity to the United States and high living standards of the Canadian people. Canada imports an average of over 50,000 tonnes of shrimps every year. From 2013 to date, the volume of shrimps imported by Canada has increased from 48,000 tonnes to 55,000 tonnes. In 2017, shrimp imports value to Canada reached $546.5 … [Read more...] about Viet Nam dominates Canada’s shrimp market
Mid-end condominium segment has explosive growth potential in Vietnam
EZ Land is a real estate developer operating under the Affordable Housing Fund, SLP (previously called Key SICAV SIF), an international investment fund from Luxembourg. With a strong capital base from Europe, the developer is targeting the mid-income segment in Ho Chi Minh City. Its first project, HausNeo, is located in District 9 with a total investment of over $25 million. Do Ngoc Olivier Dung, CEO of EZ Land, shares his opinion on the mid-income segment and homebuyers in Vietnam. Together with local real estate companies, many international investors are also targeting the mid-income market, creating fierce competition. Knowing that to be the situation, why did you decide to target this segment? I started investing in Vietnam in the luxury hospitality sector; however, after 10 years of living here, in addition to our expertise regarding similar markets in other countries, I believe that we have the local knowledge now to understand consumers in the mid- income segment which has … [Read more...] about Mid-end condominium segment has explosive growth potential in Vietnam
Vietnam’s pharmaceutical market to reach 5.2 billion USD in 2017
Updated at Tuesday, 26 Dec 2017, 08:20 The Hanoitimes - The pharmaceutical market of Vietnam is attracting huge number of foreign investors and world’s leading corporation. The Vietnam’s pharmaceutical market is on positive trend, with revenue from the domestic market of 5.2 billion USD, according to statistics of the Business Monitor International (BMI), up 10% compared to the previous year and is expected to grow in two-digit numbers in the next 5 years. According to consulting firm GlobalData, this number is estimated to be 6.6 billion USD by 2020. Vietnam's pharmaceutical market is expected to reach 6.6 billion USD by 2020. With the growing elderly population, high income level, and increasing awareness on health issues, the demand for medicines and health services will become bigger and bigger, in addition to the preference for imported branded drugs and rising government support for the health sector. With this being said, the average … [Read more...] about Vietnam’s pharmaceutical market to reach 5.2 billion USD in 2017
For Further Step Into World Market
For Further Step Into World MarketBy Tan DucThe leather and footwear industry is expected to see 2011 as its successful year, with its first six months’ export sales reaching nearly US$3 billion, a 31% year-on-year growth.The sector, according to Nguyen Duc Thuan, chairman of Vietnam Leather and Footwear Association (Lefaso), may earn export revenue of US$6.2 billion this year, nearly US$1 billion higher than last year. This will, therefore, be the second consecutive year that footwear export enjoys an annual growth rate of over 20%. As it is a big difficulty to maintain such a high growth rate over a long period, Lefaso has set annual growth of just 8.2-9.4% for the next 10-15 years’ target.At present, Vietnam ranks fourth among the world’s top five footwear exporters. The country has, however, just been relatively strong in the low market segment of the value-added chain of the products. Compared with China, which accounts for 70% of the global footwear import … [Read more...] about For Further Step Into World Market
Vietnam’s e-commerce market booming
“The country’s e-commerce market is growing 35 percent per year, 2.5 times faster than Japan,” Anh said.Vietnamese businesses capable of taking advantage of the internet and technology grow 2.1 times faster than others. Small- and medium-sized enterprises (SMEs) that spend more than 30 percent of their budget on technological innovation grow nine times faster than those spending less than 10 percent. Anh told the Vietnam Business Forum 2017, themed “E-commerce Solutions for the Success of Businesses,” held in Hanoi last week that Vietnam’s e-commerce retail sales growth in 2016-20 is estimated at 20 percent per year and the country’s total retail e-commerce sales would reach USD 10 billion by 2020. A person hunts for sales online during Black Friday. Source: vietnamnet.vn In 2017, e-commerce retail sales have expanded by 25 percent and will become an important part of Vietnam’s e-commerce sector. E-commerce is widely … [Read more...] about Vietnam’s e-commerce market booming
Viet Nam’s e-commerce market booming
“The country’s e-commerce market is growing 35 per cent per year, 2.5 times faster than Japan,” Anh said.Vietnamese businesses capable of taking advantage of the internet and technology grow 2.1 times faster than others. Small and medium enterprises (SMEs) that spend more than 30 per cent of their budget on technological innovation grow nine times faster than those spending less than 10 per cent.Anh told the Viet Nam Business Forum 2017, themed “E-commerce Solutions for the Success of Businesses,” held in Ha Noi this week that Viet Nam’s e-commerce retail sales growth in 2016-20 is estimated at 20 per cent per year and the country’s total retail e-commerce sales would reach US$10 billion by 2020.In 2017, e-commerce retail sales have expanded by 25 per cent and will become an important part of Viet Nam’s e-commerce sector. E-commerce is widely considered the buying and selling of products over the internet. E-commerce is subdivided into … [Read more...] about Viet Nam’s e-commerce market booming
Sheraton set for Nha Trang market entry
Sheraton set for Nha Trang market entryBy Mong Binh - The Saigon Times DailyThe international-standard, 30-storey hotel will feature six food-and-beverage outlets, a full-service spa and an oceanfront swimming pool. Each of the resort’s 284 rooms will have ocean views too.Scott Hodgetts, general manager of Sheraton Nha Trang, said that March would be a good time for the resort to open.He added that while Nha Trang already had many hotels and resorts, the Sheraton would offer different products and services, especially to local guests.“The local market is an important market for us as 80% of tourist arrivals to Nha Trang are domestic. Therefore, we will be offering a special promotion that will help local residents experience Sheraton Nha Trang’s services,” Hodgetts said.The Sheraton will target Meetings, Incentives, Conventions and Exhibitions (MICE) tourism too.“We will also be concentrating on domestic MICE business at the same time as we work towards … [Read more...] about Sheraton set for Nha Trang market entry