Vietnam’s huge potential in food processing industry attracts investors

27/11/2017 20:00

For foreign investors, food processing industry offers enormous investment potential both in terms of the domestic market and exports, said the organizer of the seminar to promote investment in the field.

Workers of processed food manufacturer Cau Tre are making food for local consumption (Photo: SGGP)

Vietnam Trade Promotion Agency under the Ministry of Industry and Trade and the Foreign Investment Agency under the Ministry of Planning and Investment jointly organized the seminar.

EuroCham Executive Director Almut Roessner said that Vietnam and the European Union signed a free trade agreement, the EVFTA, which will takes effect in 2018.

The agreement will bring more opportunities to access to state-of-the –art technologies and machines as well as improve labor skills resulting in creating more employment.

Attracting foreign investment not only helps local firms in transferring technology but also build up and establish localities to provide materials.

Additionally, EuroCham promised to continue support investors aiming to further two sides’ commercial cooperation.

By DANG CONG – Translated by UYEN PHUONG