On October 9, at the Saigon Exhibition and Convention Center SECC, District 7, Ho Chi Minh City, the leading exhibition of food and beverage ingredients in Vietnam (Fi Vietnam 2024) opened.

Booth at the food and beverage industry ingredients exhibition - Fi Vietnam 2024 (photo by Phuong Hoa)

At the opening ceremony, economic experts assessed that with an impressive growth rate of 10%-12% per year, the Vietnamese food industry is increasingly affirming its important position on the world food map.

The food processing industry has become one of Vietnam's key industries, accounting for a significant proportion of 19.1% in the processing and manufacturing industry group. This high proportion of production value not only reflects the current strength but also reveals the industry's future development potential.

A large number of visitors at the food and beverage ingredients exhibition - Fi Vietnam 2024 (photo by Phuong Hoa)

Economic development, population growth and improved living standards have boosted the demand for diversification of F&B products, the food industry and food services in Vietnam. This creates a strong driving force for the food and beverage ingredients industry to continuously develop, creating new and unique products to meet consumer tastes.

In 2023, the revenue of the food and beverage industry rose to third place in Southeast Asia, after Indonesia and the Philippines. This development not only contributes to ensuring food security, but is also an important driving force for economic growth, creating more jobs and enhancing national status.

FI Vietnam is expected to be an ideal trade exhibition for innovation, education and cooperation, contributing to promoting the development of the food and beverage ingredients industry not only in Vietnam but also in the ASEAN region due to the presence of leading experts in the industry and the best innovators in the ASEAN region.

Ms. Ly Kim Chi - President of Ho Chi Minh City Food Association, speaking at the opening ceremony (photo by Organizing Committee)

Speaking at the opening ceremony, Ms. Ly Kim Chi - President of the Ho Chi Minh City Food Association shared that Vietnam always attaches importance to trade promotion activities and business connections. Fi Vietnam 2024 is not only a forum to introduce advanced products and solutions, but also a place for domestic and foreign enterprises to share experiences and update the latest market trends. This is a valuable opportunity for Vietnamese enterprises to meet, exchange, and learn from reputable partners, thereby improving the competitiveness of domestic products in terms of taste, quality, and price, aiming at the goal of sustainable export to the global value chain.

Sharing the same view, Ms. Pham Khanh Phong Lan - Director of the Department of Food Safety of Ho Chi Minh City said that this is an event of special significance, not only for the food and beverage industry of Ho Chi Minh City but also for the whole country. The food and beverage industry has made great strides, making important contributions to economic growth and ensuring social security. The Director of the Department of Food Safety of Ho Chi Minh City believes that with the combination of advanced technology and high safety standards, the Vietnamese food industry will increasingly reach higher and further in the international market.

This year’s Fi Vietnam Exhibition has the participation of more than 175 enterprises from 30 countries and territories. It displays a diverse range of products, from advanced technologies to ingredients, flavors, and spices, from the food and beverage industry around the world and in Vietnam.

The event took place over 3 days, from October 9 to 11, organized by Informa Markets Vietnam in coordination with other agencies.