HCM City food, foodstuff sales rise by 13.7 percent
Monday, August 20,2018AsemconnectVietnam - Retail sales of food and foodstuffs in Ho Chi Minh City were worth 66.744 trillion VND (2.9 billion USD) in the first seven months of this year, or 17.46 percent of total retail sales.
The figure represents an increase of 13.7 percent year-on-year, according to the city’s Department of Industry and Trade.
In the last decade, average consumption of foods saw an annual increase of 12.98 percent.
The major food and beverage products consumed in the city include eggs, instant noodles, canned drinks, milk and sausages.
Major increases in output in the first seven months were seen in milk (6.9 percent) and canned beer (5.6 percent).
But notwithstanding the rising sales, food processing and beverage companies faced challenges such as increased value-added tax and smuggled and fake goods.
A spokesman for the city’s Department of Industry and Trade said in the remaining months of the year, the department will call on city authorities to hold discussions with major enterprises and business groups in the food and foodstuff sector to resolve the problems they currently face.
It will also promote an alliance between localities and industrial parks to establish raw material zones and value chains for foods and foodstuffs.
According to Nguyen Phuong Dong, Deputy Director of the city’s Department of Industry and Trade, the number of retail enterprises in the city is rising by 10.9 percent annually, significantly contributing to the development of the country’s retail sector.
The city has 239 markets, 216 supermarkets, 44 business centres and 2,065 convenience shops.
They account for 2.8 percent of the country’s markets, 22 percent of supermarkets and 23 percent of business centres.
In the last decade, average consumption of foods saw an annual increase of 12.98 percent.
The major food and beverage products consumed in the city include eggs, instant noodles, canned drinks, milk and sausages.
Major increases in output in the first seven months were seen in milk (6.9 percent) and canned beer (5.6 percent).
But notwithstanding the rising sales, food processing and beverage companies faced challenges such as increased value-added tax and smuggled and fake goods.
A spokesman for the city’s Department of Industry and Trade said in the remaining months of the year, the department will call on city authorities to hold discussions with major enterprises and business groups in the food and foodstuff sector to resolve the problems they currently face.
It will also promote an alliance between localities and industrial parks to establish raw material zones and value chains for foods and foodstuffs.
According to Nguyen Phuong Dong, Deputy Director of the city’s Department of Industry and Trade, the number of retail enterprises in the city is rising by 10.9 percent annually, significantly contributing to the development of the country’s retail sector.
The city has 239 markets, 216 supermarkets, 44 business centres and 2,065 convenience shops.
They account for 2.8 percent of the country’s markets, 22 percent of supermarkets and 23 percent of business centres.
Source: VNS/VNA
Vietnam showing better-than-average growth: Indian expert
Vietnam works hard to boost exports to Chinese market
DAILY: Vietnamese pepper prices remained unchanged on March 24
Reference exchange rate down 15 VND
DAILY: Vietnamese coffee prices rose by 300 VND on March 24
Stock market violations to face stricter sanctions
Wood industry strives to regain growth momentum
Vietnam's exports to several ASEAN markets rebounded
Export turnover to the US in 2 months of 2023 reached 13 billion USD
DAILY: Vietnamese pepper prices remained unchanged on March 23
DAILY: Vietnamese coffee prices fell by 300 VND on March 23
Singaporean site highlights Vietnam’s potential for fintech growth
Vietnamese coffee finds ways to gain foothold in RoK market
Dragon fruit export turnover reaches 47 million USD
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...