Vietnam targets US$900 million from beverage export by 2025
Vietnam is expected to export US$900 million worth of beverages by 2025, as heard at a workshop hosted by the Vietnam Beverage Association (VBA) in Ho Chi Minh City on May 18.
Vietnam is expected to export US$900 million worth of beverages by 2025 |
However, difficulties remained in the industry, including high inventory rate and shortcomings in business management policy.
VBA Chairman Nguyen Van Viet said to realise an average growth of 5.8% for 2016 – 2020, the beverage industry need long-term and stable policies which must be practical to avoid impacts on business operations.
Rungphech Chitanuwat, a sales director of Thai-based UBM Asia, said the global beverage has high demand for food safety, with environmentally friendly materials.
She said key measures to boost the sector growth include trade promotion, material development, and new production machinery.