VN to boost food brands
VN to boost food brands
Building a brand strategy for Viet Nam's food industry will help increase recognition of the country's food products on the world market, thereby boosting the sector's growth through stronger exports.
Deputy Minister Industry and Trade, Do Thang Hai, told a workshop in Ha Noi yesterday that building a food brand strategy is part of the national branding programme aimed at developing brands for Viet Nam's export commodities in highly competitive fields. Under the programme, companies will be given advice while promotion activities will be intensified to develop a national image for the food industry.
Vietnamese foods do not command high prices or attention in domestic and international markets, despite their high quality.
Last year, Viet Nam's total agricultural export turnover was up to US$20 billion, accounting for 12 per cent of the country's exports.
Nguyen Ngo Vi Tam, general director of Vinh Hoan Company, said Vietnamese agricultural products encounter barriers and exporters are short of market information.
"Recently, some fruit has been exported to developed countries. However, the export volume has been small without clear trademarks or products recognition, Tam said.
Bui Huy Son, director of the ministry's Viet Nam Trade Promotion Agency (Vietrade), said the country has diversified food resources different from others in the Asian region.
However, the efforts of individual producers cannot provide foreign customers with adequate awareness of Vietnamese food's quality, value and supply ability.
"The promotion of Vietnamese food to foreign markets has not been effective as the country has not built a common trade market," Son said.
He added that foreign customers often pay attention to a country's whole food sector, rather than to separate products.
"Companies should apply modern technology to minimise material loss and ensure food safety. They also need to do market research, diversify products to match the taste of each market, and consolidate distribution networks," he added.
In South Korea, for example, the Government has designated the food industry as a foundation for the country's development and culture. Thus, the number of Korean restaurants in foreign countries has surged and is expected to reach 40,000 in 2017.
The development of the food sector has also considerably improved business opportunities in agriculture, forestry, tourism and culture.
Bruno Angelet, Ambassador and Head of the EU Delegation to Viet Nam, said the country has become a big exporter. However, the added value of several agricultural products was still low.
He said brand names not only build name recogniition but also help reorganise logistics systems and control the quality of production chains.
Viet Nam has registered records in rice and coffee exports. Hence, brands would help improve those products' competitiveness in global markets. Food producers should review supply chains and take advantage of geographical differences to improve trade mark value, he added.
