Vietnam Manufacture of Food Products Industry Report 2020
Wednesday 09, 09 2020
Vietnam Food Processing Industry Report, prepared by VietnamCredit in August 2020, gives an overview, general information about macroeconomic and market situations and a SWOT analysis for Vietnam’s food processing industry in 2019. In addition, the report also provides detailed information about the 10 biggest companies in the industry. These companies were selected by VietnamCredit based on their size, credit rating, and business performance in 2019.
Although the number of enterprises operating in the food processing industry is not large (accounting for nearly 1% of the total number of enterprises), it is one of the key industries with great development potential in Vietnam, contributing more than 20% to net revenue of the manufacturing and processing sector annually. Vietnam's food processing industry has been experiencing a rapid growth. It has generated highly competitive products that can dominate the domestic market and meet the requirements for export markets.
Food currently accounts for the highest proportion in monthly spending of Vietnamese consumers, and Vietnam's annual food consumption value is estimated at 15% of GDP and is on the rise.
Because of its huge potential, Vietnam's food market has been paid a lot of attention by foreign investors. In recent years, there have been many M&A deals in the food industry, and this trend is expected to continue in the years to come. Demand for organic foods that are healthy from Vietnamese consumers is increasing, which promises to be an opportunity for strong growth for health food manufacturing companies.
The number of enterprises operating in the field of processing & manufacturing vegetables and fruits currently eclipses the number of other food processing companies, and the frozen seafood processing industry is the most labor-intensive food processing industry.
TABLE OF CONTENTS
List of charts
List of tables
List of acronyms
1. Macroeconomic situation
1.1. Economic growth
1.2. Trade and prices
1.3. Investment capital and state budget revenue and expenditure
1.4. Import and export
1.5. Establishment and dissolution of enterprises
2. Overview of Vietnam’s food processing industry
2.1. Industry overview
2.2. Growth and revenue of the industry
2.3. Number of enterprises and labor structure
2.4. Vietnam’s food consumption market
2.5. M&A deals in Vietnam’s food processing industry
3. Major food processing industries in Vietnam
3.1. Processing & preserving of meat and meat products
3.2. Processing & preserving of frozen fisheries
3.3. Manufacture of dairy products
4. Legal environment
5. SWOT analysis
6. Appendix
6.1 Industry average index
6.2 Top 10 largest companies in Vietnam’s food processing industry
LIST OF FIGURES
Chart 1.1.1: Vietnam’s GDP Growth Rate for 2011-2020
Chart 1.2.1: Total retail sales of consumer goods and services at current prices 2015-2019
Chart 1.2.2: GDP Growth, CPI, and Inflation (Last year = 100)
Chart 1.2.3: Producer price index by sector compared to the previous quarter
Chart 1.2.4: Commodity terms of trade growth rate for 2015-2019 (%)
Chart 1.3.1: Growth rate and structure of social investment capital in the first half of 2016-2020 at current prices
Chart 1.4.1: Import-export turnover and trade balance of goods 2011-2019 (billion USD)
Chart 1.5.1: Enterprise establishment in H1/2020 (compared to H1/2019)
Chart 2.2.1: Sales of Food - Beverage industry in Vietnam over the years
Chart 2.2.2: Sales of food industry in 2018 (trillion dong)
Chart 2.3.1: Components of Vietnam’s food processing industry
Chart 2.3.2: Number of enterprises & employees in major food processing industries
Chart 2.4.1: Consumption structure of Vietnam in 2019
Chart 2.6.1: M&A rate by industries
Chart 3.1.1: Market share of the processing & preserving of meat and meat products industry
Chart 3.2.1: Market share of the processing & preserving of frozen fisheries industry
Chart 3.2.2: Major seafood export markets
Chart 3.3.1: Sales of the dairy industry for 2010 - 2018
Chart 3.3.2: Market share of the processing of dairy products
LIST OF TABLES
Table 1.1.1: GDP growth by sector Q2/2020 at current prices
Table 2.4.1: Growth of consumption of food, beverages and tobacco at constant (2015) prices
Table 6.1.1: Food processing industry average index 2019
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C - Manufacturing
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10 - Manufacture of food products
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101 - Processing and preserving of meat and meat products
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102 - Processing and preserving of fisheries and fishery products
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103 - Processing and preserving of fruit and vegetables
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104 - Manufacture of vegetable and animal oils and fats
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105 - Manufacture of dairy products
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106 - Milling and manufacture of flour
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107 - Manufacture of other food products
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108 - Manufacture of feeds for cattle, poultry and aquatic animals
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11 - Manufacture of beverages
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110 - Manufacture of beverages
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12 - Manufacture of tobacco products
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120 - Manufacture of tobacco products
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13 - Manufacture of textiles
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131 - Spinning, weaving and finishing of textiles
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139 - Manufacture of other textiles (132)
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14 - Manufacture of wearing apparel
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141 - Manufacture of wearing apparel, except fur apparel
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142 - Manufacture of articles of fur
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143 - Manufacture of knitted and crocheted apparel
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15 - Manufacture of leather and related products
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151 - Tanning and dressing of leather; manufacture of luggage, handbags, saddlery
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152 - Manufacture of footwear
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16 - Manufacture of wood and of products of wood and cork,except furniture; manufacture of articles of straw and plaiting materials
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161 - Sawmilling, planing and preserving of wood
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162 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of products of straw and plaiting materials
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17 - Manufacture of paper and paper products
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170 - Manufacture of paper and paper products
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18 - Printing and reproduction of recorded media
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181 - Printing and service activities related to printing
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182 - Reproduction of recorded media
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19 - Manufacture of coke and refined petroleum products
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191 - Manufacture of coke
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192 - Manufacture of refined petroleum product
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20 - Manufacture of chemicals and chemical products
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201 - Manufacture of basic chemicals, fertilizers and nitrogen compounds, plastics and synthetic rubber in primary forms
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202 - Manufacture of other chemical products
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203 - Manufacture of man-made fibres
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21 - Manufacture of pharmaceuticals, medicinal chemical and botanical products
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210 - Manufacture of pharmaceuticals, medicinal chemical and botanical products
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22 - Manufacture of rubber and plastics products
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221 - Manufacture of rubber products
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222 - Manufacture of plastics products
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23 - Manufacture of other non-metallic mineral products
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231 - Manufacture of glass and glass products
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239 - Manufacture of non-metallic mineral products n.e.c
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24 - Manufacture of basic metals
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241 - Manufacture of iron, steel and cast iron
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242 - Manufacture of precious and non-ferrous metals
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243 - Casting of metals
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25 - Manufacture of fabricated metal products, except machinery and equipment
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251 - Manufacture of structural metal products, tanks, reservoirs and steam generators
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252 - Manufacture of weapons and ammunition
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259 - Manufacture of other fabricated metal products; metalworking service activities
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26 - Manufacture of computer, electronic and optical products
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261 - Manufacture of electronic components and boards
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262 - Manufacture of computers and peripheral equipment
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263 - Manufacture of communication equipment
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264 - Manufacture of consumer electronics
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265 - Manufacture of measuring, testing, navigating and control equipment; watches and clocks
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266 - Manufacture of irradiation, electromedical and electrotherapeutic equipment
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267 - Manufacture of optical instruments and photographic equipment
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268 - Manufacture of magnetic and optical video tapes and discs
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27 - Manufacture of electrical equipment
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271 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
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272 - Manufacture of batteries and accumulators
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273 - Manufacture of wiring and wiring devices
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274 - Manufacture of electric lighting equipment
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275 - Manufacture of domestic appliances
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279 - Manufacture of other electrical equipment
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28 - Manufacture of machinery and equipment n.e.c
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281 - Manufacture of general-purpose machinery
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282 - Manufacture of special-purpose machinery
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29 - Manufacture of motor vehicles; trailers and semi- trailers
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291 - Manufacture of motor vehicles and other motor vehicles
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292 - Manufacture of bodies (coachwork) for motor vehicles and other motor vehicles; manufacture of trailers and semi-trailers
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293 - Manufacture of parts and accessories for motor vehicles and other motor vehicles
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30 - Manufacture of other transport equipment
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301 - Building of ships and boats
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302 - Manufacture of railway or tramway locomotives and rolling stock
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303 - Manufacture of air and spacecraft and related machinery
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304 - Manufacture of military fighting vehicles
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309 - Manufacture of transport equipment n.e.c.
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31 - Manufacture of furniture
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310 - Manufacture of furniture
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32 - Other manufacturing
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321 - Manufacture of jewelry, bijouterie and related articles
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322 - Manufacture of musical instruments
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323 - Manufacture of sporting equipment
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324 - Manufacture of games and toys
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325 - Manufacture of medical and dental, and orthopedic and rehabilitation instruments and supplies
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329 - Other manufacturing n.e.c.
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33 - Repair and installation of machinery and equipment
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331 - Repair and maintenance of fabricated metal products, machinery and equipment
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332 - Installation of industrial machinery and equipment
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13 - Manufacture of twine and net
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131 - Spinning, weaving and finishing of textiles
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139 - Manufacture of other textiles (132)
