Vietnam: Food Service - Hotel Restaurant Institutional

  |   Attaché Report (GAIN)   |   VM2023-0055

Contact:

Office of Agricultural Affairs, Hanoi   |   (011-84-24) 3850-5000 x 6106

Link to report:

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. In 2022, Vietnam’s HRI market achieved remarkable year-on-year growth of 51 percent to reach $24.6 billion in revenue. Although the downturn of the global economy has negatively impacted the HRI sector in 2023, this revenue level nearly returns HRI revenue to pre-pandemic levels. In addition, although as the only major trading partner without a free trade agreement (FTA), U.S. products often face higher tariffs than competitors, Vietnam’s growing economy and young and discerning population, continue to establish Vietnam as a strong potential market for U.S. consumer-oriented and agricultural products.

Exporting
East Asia and the Pacific, Vietnam

Database Source:

Related Reports

View More
Attaché Report (GAIN)

India: Coffee Annual

FAS Mumbai forecasts marketing year (MY) 2025/26 coffee production (Oct/Sep) at six million 60-kilogram bags. A dry spell during January and February, followed by strong winds and excessive pre-monsoon rains in March and May,
Attaché Report (GAIN)

Canada: Grain and Feed Annual

Production of wheat, corn, barley, and oats is forecast to increase two percent year-over-year to 62.7 million metric tons (MT) in MY 2025/26 and area planted to grains will increase 2.2 percent year-over-year to 27.5 million hectares, according to Statistics Canada’s planting intentions survey.
Attaché Report (GAIN)

Guatemala: Coffee Annual

Guatemala’s coffee production areas remain stable, with gradual increases in output as ongoing renovation efforts begin to show results.