Ingredients groups seize market share
Food ingredient production in Vietnam could have the potential to develop along with the food and beverage manufacturing and processing businesses servicing local and international markets.
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Food ingredient production in Vietnam could have the potential to develop along with the food and beverage manufacturing and processing businesses servicing local and international markets.
The industrial production index posted a year-on-year rise of 8.3 percent in the first five months of 2022. Manufacturing and processing expanded 9.2 percent and phone components, which are the major industrial products in the reviewed period, surged 21.6 percent against the same period last year.
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Vietnamese firms operating in supporting industries have been developing in recent years, as products have partly met demand in the domestic market and for export.