Vietnam: Food Service - Hotel Restaurant Institutional

This report provides the latest update regarding developments in Vietnam’s Hotel, Restaurant, and Institutional (HRI) food service sector and provides a road map for exporters wishing to enter the market. Vietnam’s HRI market continued to be hit hard by the COVID-19 pandemic, resulting in a 21 percent decline in revenue from $20.7 billion in 2020 to $16.3 billion in 2021. Despite the challenges of 2021, exports of U.S. consumer-oriented products to Vietnam still increased eight percent. Post expects the sector to see a strong rebound over the next few years, cementing Vietnam as an attractive export market for U.S. consumer-oriented and agricultural products.