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Bakeries, confectioners attract German firms
The Vietnamese bakery and confectionery market was among the most attractive markets in Asia and showed great potential as far as investing in, said Peter Becker, chairman of German Bakers’ Association.
The announcement was made at a conference held in Hanoi on June 19 introducing an international trade fair on bakery, Iba 2009.
“Joint-ventures, between German and Vietnamese companies in the coming time are inevitable,” he said, adding that Vietnam ’s confectionery production was expected to double within the next four years.
According to the association’s data, confectionery retail volume is expected to reach 476,000 tonnes with a total value of 674 million USD this year. The figures are estimated to reach 706,000 tonnes and 1.45 billion USD in 2012.
“More and more Vietnamese products are making their presence felt in Western markets, while different breads and pies are becoming more familiar to many Vietnamese,” said Peter. “We should promote this trend in order for both sides to benefit.”
Vietnam imported around 1.58 million euros (2.45 million USD) worth of confectionery production lines from Germany between 2002 and 2007, according to available data.
“We hope the exchange of machinery and equipment in this area will continue to increase,” Peter said.
He said at Vietnam should consider starting an association that connects confectionery companies nationwide in an effort to boost companies’ efficiency and co-operation with foreign partners.
Iba 2009 will take place in Dusseldorf , German between October 3 and 9 next year, and hopes to attract more than 450 companies from 30 countries all over the world. It will introduce machinery and equipment , technology and materials for the baking industry.
The trade fair is co-organised by the Germany Baker’s Association, VCCI Trade and Service Co Ltd (agent of Munich Trade Fairs in Vietnam ) and GHM Company.
“I hope with the event companies, particularly Vietnamese firms, will absorb the industry’s development trends and select suitable technology and materials for their business.”
VNA
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