European food, beverage firms eye Vietnam

14:19 | 04/02/2018 Trade

Nineteen European food and beverage companies are visiting Vietnam to explore partnerships with local importers and distributors.

Nineteen European food, beverage companies are visiting Vietnam to explore partnerships with local importers and distributors - Photo courtesy of EU-Vietnam Business Network

The EU-Vietnam Business Network on January 31organized the 4th edition of the Food & Beverage Trade Mission to Vietnam, which will be held in Ho Chi Minh City and Hanoi until February 2.

This year’s trade mission includes companies from Estonia, Finland, France, Germany, Greece, Ireland, Italy, Poland, Portugal and the United Kingdom.

Topics to be discussed at the information seminar will be the growth potential of Vietnam’s food and beverage industry, financial benefits that will derive from the soon-to-be-implemented EU-Vietnam Free Trade Agreement (EVFTA) and imports of European products to Vietnam.

More than 230 B2B meetings with Vietnamese distributors and importers based in Hanoi and HCM City, as well as business visits to supermarkets and shopping malls, will follow the four-day event.

The business network is co-funded by the European Union, which aims to strengthen European business activities in Vietnam, with a special focus on small and medium-sized companies (SMEs) seeking cooperation opportunities in Vietnam.

Since 2015, the last three editions of the network’s Food & Beverage Trade Mission have welcomed 62 European companies.

The network aims to improve the investment and trade environment, support exports and expand investment markets from Europe to Vietnam and ASEAN.

Target groups are European companies, especially SMEs, interested in Vietnam and ASEAN.

While the project is based in Vietnam, the business network also works with an ASEAN network of business associations, to provide even more business opportunities to European companies.

Theo VNA