Vietnam: Food Processing Ingredients
The Vietnamese food processing sector continues to expand supported by rebounding economic growth and macroeconomic stability, Vietnam’s deepening international economic integration, and a rapidly urbanizing, youthful population which are shifting their diets to include more processed and package food products. As foreign invested food processors continue to establish themselves in the Vietnam market, the prospects for U.S. food ingredient exporters will continue to improve, but the overall market will remain very competitive, with preference continuing to be given to regional ingredient exporters, such as South Korea, Thailand, and Malaysia.
