Worth Chain Expansion Officer
Value String Development Innovator
Department of Primary Industries
Farm Providers Victoria
Melbourne, Victoria, Down under
В© The State of Victoria, Section of Principal Industries 2009 This newsletter is copyright laws. No part may be produced by any process other than in accordance with the provisions from the Copyright Act 1968.
Sanctioned by: The Victorian Govt, GPO Package 4440, Melbourne, Victoria, 3 thousands Australia ISBN 978-1-74217-905-6 (online)
For more information regarding DPI go to the website by www.dpi.vic.gov.au or call the consumer Service Center on 136 186. Likewise published upon www.dpi.vic.gov.au/agribusiness
Front Cover Photo: Australian Appricots (DPI, 2009a)
Acknowledgements: Info has been published by Strategic Marketplace Analysis Crew (DPI Agribusiness Group) Palinode
This publication may be of assistance to you but the Express of Victoria and its personnel do not make sure the distribution is with no flaw of any kind or is totally appropriate for your particular purposes and thus disclaims every liability for almost any error, loss or different consequence that might arise a person relying on details in this publication.
Crucial Vietnam Industry Facts
85. 6 million (2007)
US$90. 9 billion dollars (2008)
US$58, 205 m (2008)
Client expenditure in food
US$20, 798 m (2008)
Consumer expenditure about fruit
US$1, 871 (2008)
Vietnam is an appearing market with an aspiring consumer class. It has a solid Gross Home-based Product (GDP) growth price of 7-9% per annum making it the second fastest-growing economy in Asia. In 2008 Vietnam ended India's three-year rule as the most attractive emerging market destination for overseas retail purchase. The Vietnamese retail and food service sectors happen to be expanding rapidly in response to strong economical growth, improved per capita income, shifting demand coming from rural to urban migration and increasing tourism. Vietnam is forecast to be among the world's top tourist destinations by simply 2016. Seventy percent of Vietnam's population is definitely below the associated with 30, resulting in an rising class of higher-income, more youthful and more westernised consumers. Vietnam also has among the world's largest female operating populations, producing the female client an important participant in the sector. Despite this, Vietnam is a low per household income region and customer buying decisions are generally based on selling price.
Vietnam has only emerged as a good importer of food products in the last ten years so retailers, importers and distributors do not have a solid understanding of Australia's capability and the products and services available. There is a chance to raise Australia's profile in Vietnam and encourage Australian suppliers to consider Vietnam as a feasible, growing marketplace.
Vietnam's retail food sector is focused by classic, family-owned вЂmom and pop' stores and wet market segments. However the modern retail sector has been increasing by over 20% per year which is expected to continue for five years.
Vietnamese price tag sales of goods and services have grown more than 13% each year for the last five years. Food sales make up less than 50 percent of total retail revenue (US$11. your five billion in 2007) with only 12% attributable to modern retail operate. Despite the purchases of modern selling formats, new horticultural produce is traditionally purchased in traditional stores. Modern stores currently have a market share of six percent for fruit and vegetables. The outlook for high-value foods and beverages inside the Vietnamese companies are excellent. Consumer expenditure in fruit items in Vietnam has been developing steadily over the past six years. In 2008 Vietnam brought in approximately 400, 000...
Recommendations: Austrade (2009a) Fresh Fruit Sector Vietnam Presentation and handout by Tony Burchill (Senior Trade
Austrade (2009b) Vietnam Profile, accessed for: http://www.austrade.gov.au/Vietnam-profile/default.aspx
ABS (2008) Aussie Bureau of Statistics, accessed at http://www.abs.gov.au/ausstats
CIA Maps (2009) The World Fact Book, Central Intellect Agency, accessed at
DFAT (2008) вЂVietnam Financial and Control Information', Division of Overseas Affairs and Trade, utilized at
DFAT (2009a) вЂVietnam Economic and Operate Information', Section of International Affairs and Trade, accessed at
DFAT (2009b) ASEAN -- Australia вЂ“ New Zealand Free Operate Agreement. News sheet вЂ“ New and Dried out Fruit, Peanuts,
DPI (2009a) вЂVictorian Food and Fibre Export Performance 2008-09 Financial Season, Department of Primary
Sectors, the State of Victoria, August, 2009.
DPI (2009b) вЂStone Fruits Export Chances Hong Kong, Singapore, Malaysia, Asia, Indonesia, Thailand and
Euromonitor Foreign (2008a) вЂVietnam's Tourist Industry', accessed for
Euromonitor International (2008b) вЂRetailing Vietnam', accessed at
IMF (2008), Region Information, Vietnam and the IMF, International Financial Fund, accessed at
Mergenthaler Meters., Qaim Meters. and Weinberger K., (2008) University of Hohenheim, Philippines & World Vegetable Middle
(AVRDC), Taiwan, Consumer Demand for Fruits and Vegetables via Modern Supply Chains in Vietnam.
World Retail (2008) вЂGrocery Retailing in Vietnam', e-intelligence in global selling,
accessed by http://www.Planetretail.net/markets
Prowse, Wayne (2009) Personal Connection, Horticulture Sydney Limited, The fall of 2009.
PWC (2009) Vietnam Key Developments and Problems, Price Waterhouse Coopers, accessed at
Summerfruit Quotes (2009) Sector Profile, seen at http://www.summerfruit.com.au/?page_id=9
USDA (2007) вЂVietnam Price tag Food Sector Report 2007', Gain Statement Number VM7086,
United States Division of Cultivation, accessed in http://www.fas.usda.gov/gainfiles/200711/146293084.pdf
USDA (2008a) вЂVietnam Exporter Guidebook Update 2008' Gain Survey No
Culture, accessed for http://www.fas.usda.gov/gainfiles/200810/146296037.pdf
UNITED STATES DEPARTMENT OF AGRICULTURE (2008b) вЂVietnam Retail Meals Sector 2008' Gain Record No
Photos вЂ“ notice: photos coming from Flickr. com sourced below Creative Commons License
Mcneally, Marissa (2009a) Victorian Abordnung in Community Cash and Carry, Vietnam, May 2009
Bailey, Marissa (2009b) Classic Store in Ho Chihuahua Minh Town, Vietnam, May possibly 2009
Cromwell, Marissa (2009c) Australian Nectarines
DPI (2009a) Australian Appricots, Agribusiness Group
DPI (2009b) Australian Apricots
Flickr. com (2009a) Traditional Floating Industry in Halong Bay, http://www.flickr.com/photos/mlewis/2318683550/
Flickr. com (2000b) Apple Computer Retail outlet in Hanoi, http://www.flickr.com/photos/rekom/3477279314/
Reddit. com (2009c) Fruit Vendor, My Tho, Mekong Delta, http://www.flickr.com/photos/oliverlaumann/219985882/
Reddit. com (2009d) Shopping by MaxiMart Convenience Store in Ho Chihuahua Minh Metropolis,
Reddit. com (2009e) KFC in Vietnam, http://www.flickr.com/photos/qilin/2303013333/
Flickr. com (2009f) Vinpearl Resort and Spa (five star hotel), Nha Trang,
Flickr. com (2009g) Fruit Phoenix az with Clean Steamed Pawns at Royal Park in Hue,
Flickr. com (2009h) Bobby Brewers Restaurant, Ho Chi Minh Town,
Flickr. com (2009i) Fruit Booth, Vietnam, http://www.flickr.com/photos/diggingforfire/241805400/
Flickr. com (2009j) Around Ho Chihuahua Minh City, http://www.flickr.com/photos/diggingforfire/241805527/in/set72157594281580646/
Reddit. com (2009k) Fruit Stall, Ho Chihuahua Minh Metropolis, http://www.flickr.com/photos/mookiepix/3004867176/
Reddit. com (2009l) Parkson Retail complex, Hanoi, http://www.flickr.com/photos/e8club/2865173012/
Flickr. com (2009m) Buying Complex in Vietnam, http://www.flickr.com/photos/goosmurf/3122124473/
Flickr. com (2009n) The Circle T Logo, http://www.flickr.com/photos/zaskem/2812502088/
Flickr. com (2009o) Farmers' Market in Cao Lanh, http://www.flickr.com/photos/interplast/2396148653/
Vietnam Summerfruit Market Overview 2009
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