HANOI, Oct. 8 (Xinhua) -- Revenue from Vietnam's food and beverage (F&B) industry will grow by 10.92 percent this year, reaching more than 720 trillion Vietnamese dong (29.8 billion U.S. dollars), Vietnam News cited a forecast made by the Ministry of Industry and Trade on Tuesday.
A survey by Vietnam Report from July to August this year shows that 62.5 percent of businesses expect the F&B industry to grow by 5 percent to 10 percent this year.
Up to 52.7 percent of consumers believe that their income will improve slightly and 21.8 percent will improve significantly in the next 12 months, according to the survey.
Compared to a year ago, concerns about weak purchasing power or rising inflation have cooled down significantly, giving way to concerns related to changes in consumer behavior and large inventories.
Up to 72.2 percent of F&B businesses surveyed said changes in consumer behavior were one of the biggest difficulties this year.
This rate has increased sharply from 37.5 percent in 2022 to 75 percent this year. ■