Food & Hotel Hanoi International Exhibition 2023: New business cooperation opportunities for F&B businesses
From November 21-23, 2023, the second International Exhibition on Food, Beverages, Bakery Equipment, Restaurants, Hotels and Service Supply in Vietnam - Food & Hotel Hanoi 2023 will take place at ICE Hanoi International Exhibition Center, Hoan Kiem District. This exhibition will welcome 113 exhibitors from 13+ countries and territories, including the expected presence of 11+ international booth groups. With a large exhibition area of up to 6,800 sqm, the show will attract more than 6,500+ specialized visitors.
The information was given by Informa Markets Vietnam Company at the exhibition introduction meeting, taking place on October 24 in Hanoi.
According to Statista's forecast, Vietnam's food market in 2023 will reach 96.47 billion USD, an increase of 9% compared to 2022, and the average annual growth rate in the period from 2023 - 2027 will reach about 8.22% /year. Comparing within Southeast Asia, Vietnam's food industry revenue in 2023 is expected to rank third, only behind Indonesia and the Philippines. Among the segments of Vietnam's food industry, the confectionery and snacks segment accounts for the largest proportion at 14.6%, with a market volume of about 14.13 billion USD in 2023.
Regarding the beverage segment, according to Statista's March 2023 data, Vietnam's beverage market revenue in 2023 will reach 27.121 billion USD, of which the non-alcoholic beverage segment contributes the highest proportion at 37.7%, also the segment with the highest growth rate. Specifically, the non-alcoholic beverage segment will reach a revenue of 10.22 billion USD in 2023, 10.4% higher than in 2022, and the average annual growth rate in the period from 2023 - 2028 reaches 6.28%/ year.
The accommodation, tourism and culinary industries are always linked together. After more than a year since the official re-opening, the tourism market has clearly shown recovery with significant growth. According to the General Statistics Office, travel revenue in the first four months of 2023 nationwide is estimated to reach 9.1 trillion VND, nearly 2.1 times higher than the same period last year. Thanks to the return of the tourism industry, the hotel market in Hanoi in particular and the country in general has grown dramatically. Savills Vietnam's report shows that, in the first quarter of 2023, the number of visitors increased by 220% year-on-year, reaching 1.1 million. Of which, there were 339,000 domestic visitors, an increase of 21% year on year, and 712,000 international visitors, an increase of 1,400% year on year.
At the press conference, Mr. BT Tee - General Director of Informa Markets Vietnam said that Vietnam is famous for its unique cuisine, besides, international cuisine is always widely welcomed in the Vietnamese market while having a significant influence on the tastes of nearly 100 million Vietnamese consumers. This is considered a great development potential for international businesses. Food & Hotel Hanoi 2023 not only brings interesting experiences, updates on the latest products and trends in cuisine, restaurant and hotel business, but is also a meeting and connection place for many businesses in the world, F&B sector to share, exchange experiences and create opportunities for cooperation and development.
Food & Hotel Hanoi 2023 will welcome 113 exhibitors from 13+ countries and territories, including the expected presence of 11+ international booth groups. With a large exhibition area of up to 6,800 sqm, the show will attract more than 6,500+ specialized visitors. The event welcomes exhibitors from the United States, Switzerland, Italy, Germany, Spain, Canada, Australia, Japan, Korea, China, Singapore, Taiwan, Thailand and more other Vietnamese brands.
Also sharing at the press conference, Mr. Ralph Bean - Agricultural Counselor of the Department of Agricultural Foreign Affairs, US Department of Agriculture at the US Embassy in Hanoi - emphasized that Vietnam is a dynamic and growing market, bringing open opportunities for international cooperation and trade. Our participation in the Food and Hospitality Exhibition in Hanoi 2023 aims to strengthen cooperation between units and partners operating in the agricultural industry. This exhibition is a platform for exchanging knowledge and understanding market needs, building bridges to promote trade.
According to the Organizing Committee, this is the second time Food & Hotel has returned to the Hanoi market. In this edition, the event has an extremely diverse display portfolio, including Bread, Pastry & Ice Cream products; Tea/Coffee; Food & Beverage; Food Service & Hotel Equipment; Food Technology / Packaging / Disposables; Hospitality Technology and Other Industrial Services.
In particular, within the framework of the exhibition, many exciting activities will take place such as the Summit Program on restaurant and hotel business; Hanoi Talented Chef Competition II - Hanoi Salon Culinaire; barista competition - Vietnam Barista Competition (VBC) or the only coffee tasting competition in Vietnam - Vietnam Aromaster Championship (VAC). Here, young talents and the creative future of modern cuisine will be challenged, competed and honored.
