Many Incentive Policies for Investment in Food Processing Industry in Vietnam

Invest in Vietnam - Investment opportunity in Vietnam

The annual consumption value of Vietnam is estimated at 15% of GDP and the demand for food consumption in the Vietnamese market increases by approximately 10% per year, while production capacity and supply is still very limited.
Many Incentive Policies for Investment in Food Processing Industry in Vietnam

In a recent study conducted by Business Monitor International, the growth rate of the Vietnamese food sector will remain at 10.9% for the period 2017 - 2019. The  investment opportunities in this field in Vietnam are very large. 

Consistently with this view, representatives of the European Business Association in Vietnam said that Vietnam had a large domestic market with more than 90%. The majority of Vietnam's population is young and in great need of using processed products. Imported processed food products are also very popular among Vietnamese youth and consumers. Therefore, European businesses are planning to boost investment in this field in Vietnam in the future.

The Vietnam government has developed many preferential policies on tax, infrastructure, land rent ... for businesses if they invest in processing agricultural products, seafood products. In particular, taking into account the application of international standards in the production process, contributing to brand building and competitiveness of products made in Vietnam.

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