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The 10th international exhibition on food, beverages, food processing and packaging technology equipment - Vietfood & Beverage - Propack Vietnam 2024 - will take place in Hanoi from November 6 – 9.

Illustrative Photo (Photo: VNA)

The event will be featured with 350 booths of 300 exhibitors from eight countries and territories. It is expected to welcome more than 10,000 visitors.

According to the event organiser - Vinexad Company, a similar exhibition was held in Ho Chi Minh City in August.

The company said that the F&B industry has contributed to the Vietnam's economic growth in recent years thanks to its advantages such as a market of nearly 100 million people, abundant and quality raw materials, and diverse production and processing facilities.

The International Monetary Fund (IMF) forecasted that the Vietnamese F&B industry market will reach 655 trillion VND (nearly 26 billion USD) this year, 10.92% higher compared to that of 2023. Vietnam will become one of the countries with outstanding development in the next five years.

With the emergence of new F&B business models and the boom of food review and restaurant check-in trend in social networks, companies in the F&B industry in Vietnam are facing much tougher competitions, which make them to constantly change and find new ways to approach the market. Such events like the Vietfood & Beverage - Propack Vietnam 2024 are expected to bring opportunities for companies in F&B to meet, exchange and establish effective partnerships./.

VNA