Food southeast asia

Ride-hailing unicorns like Grab and Gojek have received a huge amount of investment in the past four years. (Photo: Reuters) Hanoi (VNA) – Southeast Asia’s internet economy is forecast to reach 300 billion USD by 2025 as millions of people in the region take up online shopping and embrace ride-share food delivery, an industry report said on October 3. In a bid to hit that target, the online industry is expected to grow by 200 percent over the next five years from an estimated 100 billion USD this year, according to the report by Google, Singapore state investor Temasek Holdings and global business consultants Bain & Company. The annual report lifted its 2025 outlook from 240 billion USD previously after a tripling in growth in the past four years alone as young internet users turn to their phones to do everything from banking and playing games to purchasing plane tickets. It said the pace of growth has exceeded all expectations, and internet access is now affordable … [Read more...] about Southeast Asia’s digital economy could hit 300 billion USD by 2025

Vietnam is a relatively unknown place to many foreigners, so they feel it must be difficult, but in fact, it is one of the easiest places to start a business in Southeast Asia, said Prakash Jhanwer, president, South East Asia & China, at Olam - a leading food and agri-business company in the world.     Terraced paddy fields in Mu Cang Chai, Yen Bai province. Olam is originally Nigerian but is now based in Singapore. It is a multinational agribusiness which uses Vietnam as a “center of excellence” for its Asian trade operations, a hub from which it imports commodities from all over the world, processes them, and then redistributes products throughout the region. In a podcast with CEO of ANZ Shayne Elliot, Prakash said a big advantage was Vietnam’s absence of tariffs and its position as a “gateway” to ASEAN. “We get a zero-tariff treatment wherever we export across ASEAN, as well as China,” he said. “But the icing on … [Read more...] about Vietnam is one of the easiest places to start a business in Southeast Asia: Olam

Vietnam and Indonesia lead Southeast Asia with internet economy growth rates of more than 40 percent, according to a recent report (Photo: VNA) HCM City (VNS/VNA) — The Southeast Asian internet economy has expanded by 39 percent this year to hit 100 billion USD for the first time, according to a recent report by Google, Temasek and new partner Bain & Company. Vietnam and Indonesia lead with growth rates of more than 40 percent, while Singapore, Malaysia, Thailand, and the Philippines registered 20-30 percent growth. The e-Conomy Southeast Asia report for 2019 highlights the most significant industry trends observed in 2019 and analyses the current and future potential of the Southeast Asian internet economy across its six largest markets (Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam). This surge across the region is attributed to an influx of around 100 million new online citizens in the last four years.  This growing market of … [Read more...] about Vietnam, Indonesia lead ASEAN in internet economy growth

The Middle and Affluent Class (referred to as MAC) in Vietnam is the fastest-growing in Southeast Asia and with that growth comes a thirst for houses, luxury goods, and, naturally, international travel We know record numbers of foreigners are coming to visit Vietnam, so how about Vietnamese going abroad? There are droves of Vietnamese going overseas with significant increases in the number of trips abroad each year. The tour and travel industry uses the term “outbound” to describe travel to foreign countries and “inbound” to describe foreigners visiting from abroad, so let’s look at Vietnam’s outbound travel market. The Middle and Affluent Class (referred to as MAC) in Vietnam is the fastest-growing in Southeast Asia and with that growth comes a thirst for houses, luxury goods, and, naturally, international travel. The MAC is defined as those earning VND15 million per month (US$714) or more, projected to be one-third of the population by the year … [Read more...] about ​Vietnamese international outbound travel boom

Food and beverages currently make up the highest proportion of Vietnamese consumers’ monthly consumption, according to a report. The report on various issues related to the country’s food and beverage industry in 2018 was released by Vietnam Report, a company specializing in marketing, investment, and research consultancy, on Wednesday. According to the report, whose scope and time were not disclosed, food and beverages accounted for 34 percent of Vietnamese expenses per month. Entertainment and education followed far behind with 16 percent, electricity and water with 13 percent, and clothing with 11 percent. Coming in last on the list were medicine and healthcare, accounting for only seven percent of an average Vietnamese’s monthly expenses. The report claimed that the current level of spending on food and beverages makes them one of the most attractive industries in Vietnam. The food and beverage sector currently occupies about 15 percent of the … [Read more...] about Vietnamese drop big bucks on food, beverages: report