Instead of mostly making products for export, many food companies are now focusing on the domestic market through locally made products that are competitive with imports.

Vietnam will continue to solicit investment in food processing to add value to the industry, a conference heard in HCM City on November 14.

VietNamNet Bridge - Enterprises are pouring money into farm produce processing projects, targeting the world market of 7.5 billion consumers.

Vietnam has great natural advantages and high capability to develop the food processing industry, experts say.

VietNamNet Bridge - The long-term demand of the market has prompted large corporations to spend trillions of dong making food, although 2017 is expected to be a tough year.

VietNamNet Bridge - Though it is the country’s biggest granary and fishery area, exporting $30 billion worth of products each year, the Mekong Delta still cannot attract major investments.

VietNamNet Bridge - Many Vietnamese food items are not available on the world market, while export items often do not have a Vietnamese brand name.

VietNamNet Bridge - The success of Vissan’s IPO held earlier last week showed that foreign investors find the food sector in the country attractive.

VietNamNet Bridge – Many Vietnamese believe that creating a closed production line is the only effective solution to confront foreign competitors in the domestic market.

The Vietnamese market is large enough to receive more food producers, especially dairy producers. In crisis, people have to cut the budget on traveling and entertainment, but they still have to spend money on food.