Vietnam's food sector and its potential for Finland

Despite the effects of the pandemic, Vietnam maintained its position as one of the fastest-growing economies in Southeast Asia. During the past decade, the Vietnamese economy has averaged 6–7 percent growth rates per year. Domestic consumers maintain strong purchasing power for essential goods including food and beverages. Increasing urbanization and a growing middle class with purchasing power is a great opportunity for consumer growth. From both supply and demand sides, there are positive signals of growth in food and beverage products in Vietnam. Along with the increase in income, consumers' tastes also tend to favour products in the higher-end segment with high quality and green value. EVFTA creates tariff reduction and elimination as well as simple registration of food business operators, also for Finnish products.

Please see the attachment Vietnam's food sector and its potential for Finland for more detail.