Hanoi (VNA) – Vietnam’s food processing and packaging industry has expanded by 15-20 percent annually over the past several years and is likely to grow further in the coming years, according to the Association of Vietnam Retailers (AVR). Food and drinks currently account for the highest proportion of monthly consumer spending in Vietnam, at about 35 percent of the total and the annual consumption of food and beverages is estimated to be equivalent to 15 percent of the country’s GDP. In 2018, the consumption of food and beverages grew by 18 percent, creating a major push for the food processing and packaging sector. Meanwhile, IMS Health has placed Vietnam into the group of the top 17 pharmerging markets which account for a fast-rising share of global pharmaceutical sales with a market size of about 5.1 billion USD. Vietnam will be among three countries reporting the highest growth in the pharmaceutical industry, expanding at an annual rate of 10 percent in … [Read more...] about Vietnam’s food processing, packaging sector thriving
Kiosks replacing fast food workers
As early as end-November, which is more than a month and a half before Tet, Saigon Food made public the Tet bonus plan to its workers. The bonus for a worker is equivalent to two-month salaries. High skilled, merited workers will receive a bonus equivalent to nearly three-month salaries. Workers who return home for Tet will be funded for a round trip bus ticket. Those who have unused leaves will receive equivalent payment in cash. Those who cannot return home for Tet will enjoy year-end parties. Those who come to work on the first day after Tet will receive lucky money. … [Read more...] about The Tet bonus woes
According to the traditional customs, Vietnamese usually prepare traditional food like spring rolls, banh chung/banh tet, (a pie made from glutinous rice, mung bean and pork), xoi (sticky rice) and or gio cha (Vietnamese sausages), boiled chicken, as well as several other delicious holiday meals. … [Read more...] about What to know about Tet holiday in Vietnam?