Dutch businesses, such as De Heus, FrieslandCampina and Peja Vietnam, have shown interest in Vietnam’s agriculture sector in general and the vegetable processing industry in particular as the industry has grown well in recent years. According to an assessment of the Netherlands Embassy in Vietnam, the bilateral relationship between Vietnam and the Netherlands is a win-win situation in which Vietnamese enterprises and farmers can learn about and utilise advanced technology to improve their competitiveness.
The robust economic development and improved living standards have turned Vietnam into one of the most promising markets for food and beverage consumption in the region. Vietnam’s large population of around 93 million, half of which are under 30, is a key reason behind the strong surge in the food and beverage consumption. Furthermore, Vietnam is a tropical agricultural country with a diverse source of raw materials, many of which are important to the food and beverage industry.
Vietnam is integrating increasingly with the global economy, having signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) this month and discussing four other free trade agreements, the annual Economic Scenarios Conference heard in HCM City on March 20.