Category: Food

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  • Vietnam needs to build national brands for fruits

    Vietnam needs to build national brands for fruits

    Experts said that Vietnam must develop national fruit product brands to increase added value and competitiveness in international markets.

    Although fruits bring in billions of U.S. dollars in export revenue annually, Vietnam has no well-established fruit brands.

    “When talking about apples, we think about the US,” said Nguyen Dinh Tung, Director of Vina T&T Import-Export Company. “Talking about kiwis, we think about New Zealand. Talking about melons, we think about Japan. Talking about Monthong durians, we think about Thailand. Talking about Musang King durians, we think about Malaysia… Meanwhile, where many types of fruits are grown, Vietnam has no famous fruit brands.”

    Tung said Vietnam has Ri6 durian, which could compete with durian from Thailand and Malaysia in terms of quality and is chosen by many companies as an export product.

    However, it is still falling behind in terms of brand identity and value.

    “Because there is no brand, the price of Ri6 is always about 20% lower than Monthong and much lower than Musang King,” he said.

    Le Thi Kieu Oanh, Director of Apple LLC, which exports Vietnam’s agricultural products to Japan, said Japan imported dragon fruit from Vietnam, but only 10% were sold at supermarkets under Vietnamese brand names.

    According to Ta Duc Minh, Vietnamese Trade Counselor in Japan, Vietnamese lychees are exported to many countries and have become popular with the Japanese market.

    However, Vietnamese lychees remain inferior to their Japanese counterparts in terms of economic value, even though Japan does not have a production advantage in lychees.

    Japanese lychees are grown in Miyazaki over an area of around 10,000 hectares, and Japan has built a brand for its lychees as a precious fruit. There was a time when each Japanese lychee was sold for as much as $10 each, and people still waited in line to buy them, Minh said.

    According to Tung, Vietnam must develop national fruit brands to increase their value and competitiveness in the international market.

    “We should select several types of fruits to build national brands for,” Tung said. “Like New Zealand, this country successfully built brands for kiwis, which have markets around the world with the export value of over $3 billion per year, equal to the whole fruit and vegetable export of Vietnam.”

    To build fruit brands of national pride, Tung said it was necessary to pay attention to factors including varieties associated with soil, Vietnamese culture, quality, food hygiene and safety, planting area, high yield and preservation technology.

    Tung said that grapefruit, coconut and durian were fruits with large potential for export.

    He said that to build national fruit brands, it was vital to control the granting of geographical indication certificates strictly.

    Each type of fruit is only suitable for the climate and soil of certain localities. However, many kinds of fruit, such as pomelo, dragon fruit and lychee, are grown all over the country, which can affect branding, according to Tung.

    Therefore, it is important to select products associated with local culture and history to grant and manage geographical indication certificates.

    For example, the best quality coconuts are from Ben Tre province, lychees from Bac Giang and Hai Duong, white-flesh dragon fruit from Binh Thuan and red-flesh dragon fruit from Long An. Vietnam could choose typical products of each locality and upgrade them to national brands.

    Ngo Tuong Vy, General Director of Chanh Thu Company, said that among dozens of fruits exported, Vietnam could choose from three to five fruits to focus the resource on to build brands of Vietnam’s pride.

    “It’s time for Vietnamese fruits to focus on improving quality and adding cultural and creative elements to farming methods so that products contain stories that appeal to consumers,” Minh said.

    Minh pointed out that Japan focused on the quality of some world-famous fruits of the country. Even output was controlled to maintain selling prices. For some, special farming techniques were incorporated into the story to ensure the best quality.

    Building national brands and quality management databases and traceability systems would be the focus of the Ministry of Agriculture to increase the export value, Deputy Minister Tran Thanh Nam said, adding that growth should not be based on output any longer.

    He said that the agriculture ministry must work with the Ministry of Industry and Trade to propose to the Government a program to build national brands for agricultural products.

    The branding should also be integrated with a digitalization process in traceability, field diary, fruit chain management, and registration and protection of fruit brands in foreign markets.

    Vietnam’s export of fruit and vegetables reached nearly $3.34 billion in 2022, 80% of which were fruit exports.

  • Japanese firm looks to raise export-quality oysters in Vietnam

    Japanese firm looks to raise export-quality oysters in Vietnam

    Japanese seafood producer Yamanaka wants to partner with Vietnam agencies to raise oysters locally for both domestic and international markets.

    A feasibility research conducted by Yamanaka in the central province of Khanh Hoa since June last year, with the support of the Japan International Cooperation Agency (JICA), found that raising oysters in Vietnam under two Japanese methods brought high yields as well as oysters of a quality high enough to be eaten raw.

    “With this project we hope to establish a foundation for raising oysters with natural disaster resistance to improve productivity and farmer incomes,” said Shinji Takada, CEO of Yamanaka.

    Yakamana sells Japanese oysters in 350 sales points in Vietnam, but the company is now seeking to grow the shellfish locally and sell them in Vietnam, Taiwan and Thailand.

    Vietnam has nearly 3,000 hectares for oyster farming. The shellfish is being raised in 20 out of 28 seaside localities, with Khanh Hoa and Quang Ninh leading in numbers, according to the International Collaborating Centre for Agriculture and Fisheries Sustainability (ICAFIS).

    A farmer in Khanh Hoa needs around VND45 million ($1,904.44) to invest in an oyster raft which would fetch him VND30-50 million worth of oysters in a season. Each household typically has three to five rafts. There are three seasons each year in Vietnam, ICAFIS said.

    However, the added value of oysters in Vietnam remains low and therefore only a small amount of them are exported. In Khanh Hoa 95% of oysters are used as lobster food, while 4% goes to domestic consumption and 1% are exported.

    Ho Chi Minh City oyster farms produce over 21,000 tonnes of oysters a year but mostly for domestic consumption. Only two companies, BIM Group and VINABS, export oysters regularly.

    “A challenge in the oyster farming industry is setting up a clean source of water,” said Dinh Xuan Lap, deputy director of ICAFIS. “In Vietnam there is lack of technology to ensure the quality of oysters and to help them cope with natural disasters.”

    The hanging method and Australian basket method have both proved to be suitable for producing export-standard oysters in Vietnam, Japanese researchers have found.

    “We plan to set up an oyster cleaning system for commercial use, hopefully this or next year,” said Takada.

    One important step is identifying which oyster breed to farm, as the popular breeds in Vietnam cannot be raised with the hanging method, said Nguyen Thanh Luan, a seafood farming expert.

  • Cointreau revamps bottle design, a first in 140 years

    Cointreau revamps bottle design, a first in 140 years

    French liqueur brand Cointreau has unveiled a redesign of its popular amber bottle, the first significant revamp in 140 years.

    Cointreau, an orange liqueur, has been produced in Angers, France since 1849. It is distilled with a combination of sweet and bitter orange peels to produce a clear spirit that enhances the flavour of cocktails.

    The new bottle has an updated shape, including a longer neck – making it easy to pour – and features a minimal illustration of the Maison embellished with Cointreau’s signature copper foiling.

    The lid now features an embossed pattern to enhance form and function while adding grip to the cap.

    In the last three years alone, the brand has reported a 40 percent increase in sales of its 700ml bottles as margaritas reign as a consumer favorite.

  • Zuum energy gum rolls out in Chemist Warehouse stores

    Zuum energy gum rolls out in Chemist Warehouse stores

    A Melbourne-based startup is offering a fresh take on the caffeinated foods market by launching a sugar-free “energy gum” in Chemist Warehouse stores nationwide.

    Zuum is a sugar-free gum infused with caffeine, guarana, and B vitamins that claim to boost energy, reduce fatigue and support focus.

    Each piece of gum contains only four calories but has the equivalent caffeine content of a coffee or energy drink – sans sugar, aspartame, and other nasties.

    Friends Alex Chambers, Eamon Roderick, and Hugo Gray created Zuum in 2020 because they were fed up with sickly-sweet energy drinks and the inconvenience and expense of coffee.

    “We knew there had to be a better way to get a boost,” remarked Chambers.

    “The idea actually came to us whilst we grimaced through a lukewarm energy drink during Covid quarantine. It was as simple as – why don’t we just put caffeine in gum?”

    One packet of Zuum is equivalent to five cups of coffee and is compact enough to keep in a pocket or purse for a “fresh-tasting” energy boost.

    “We were humbled and overwhelmed with the level of interest and excitement this week,” added Roderick.

    “We’ve had a huge number of high-profile athletes, professional sports clubs, entertainers, and even a well-known former politician reach out to us wanting to jump on board because they loved the product so much,”

    Zuum is available at RRP$5.99 in Chemist Warehouse stores nationwide and online.

  • Collins Foods expands its Dutch KFC network

    Collins Foods expands its Dutch KFC network

    Collins Food’s wholly-owned Dutch subsidiary (Collins Foods Netherlands Operations) has entered into a share purchase agreement to acquire eight KFC restaurants in the Netherlands from R. Sambo Holding.

    The purchase price, which will be funded from Collins Foods’ existing debt facilities, is structured with an initial payment of €8 million (A$12.33 million) and an additional €4.6 million (A$7.1 million) tied to the restaurants’ EBITDA during the next two years.

    Collins Foods MD & CEO Drew O’Malley said the acquisition is another “step forward” for the business’ European growth strategy.

    “The eight restaurants we are acquiring in the Netherlands add another quality network of restaurants to our portfolio, as well as enhance our people capability as we continue to grow and increase our operational scale in the Netherlands,” he said.

    The deal is subject to the satisfaction of various conditions, including obtaining all relevant government permits and the franchisor’s consent to the purchase. If prerequisites are fulfilled, the business will be fully acquired by May.

    Once completed, Collins Foods’ KFC Netherlands store count will reach 56 restaurants, accounting for 64 percent of the brand’s network there.

  • Pork producers struggle with losses last quarter

    Pork producers struggle with losses last quarter

    Major pork producers posted losses in the last quarter of 2022 as animal feed costs rose and consumer demand dropped as people tightened spending.

    Dabaco Vietnam, the country’s biggest husbandry firm, recorded a VND79 billion ($3.34 million) loss in the last quarter, the first quarterly loss in five years.

    BaF Vietnam saw expenses exceed revenue by VND6 billion for the first time since 2021, but thanks to selling some assets the company posted an overall profit of nearly VND7 billion.

    Masan MeatLife posted a loss of VND170 billion during the last quarter of the year, and recorded a loss of VND230 billion for the entire year, the first loss since it started releasing financial figures in 2016.

    Since the end of 2021 the company stopped producing animal feed and focused only on meat, contributing to its losses.

    Hoang Anh Gia Lai recorded VND110 billion in profit from its pork sales in the last quarter, a 36% drop from the third quarter.

    Hoa Phat Group’s agriculture and husbandry business was in the red with more than VND34 billion in losses in the last quarter.

    For the whole year, the company saw this business posting a profit of VND22 billion, its lowest profit since 2016.

    BaF said that pig diseases, disruptions in supply and rising input costs negatively impacted the company’s earnings. Dabaco added that the decline in consumer demand also contributed to the losses.

    Pork prices in December dropped 15%-20% from October to VND50,000 per kilogram as supply exceeded demand.

    Last year, pig supply rose 11% from 2021.

    Analysts of brokerage expect pork prices to rise 5% this year as demand recovers and input costs begin to stabilize globally.

    However, SSI Research forecast that pork prices are set to rise 20% to VND60,000 per kilogram this year, with the reopening of China helping to pump up demand.

    However, the strong U.S. dollar and the African swine fever will remain possible risks to the sector, they added.

  • Popeyes re-enters China with TH International

    Popeyes re-enters China with TH International

    Tim Hortons China’s exclusive operator, TH International (Tims China), is to relaunch the fried chicken chain Popeyes in China and Macau by acquiring exclusive rights to develop and sub-franchise the brand.

    The transaction, which the company expected to bring significant cash to Tims China and strengthen the company’s balance sheet, is subject to customary closing conditions.

    Popeyes entered China in 2020 under the partnership with Tab Foods Investments with an ambition to open 1500 locations across China in 10 years. However, the chain faltered after opening just nine stores, due to the prolonged impact of Covid-19 in the country.

    Peter Yu, chairman of Tims China, said the company plans to expand its store network of Tim Hortons and Popeyes stores in China to 1000 by the end of the year.

    “The two brands are a natural fit, with complementary product offerings and exceptional growth potential,” said Yongchen Lu, CEO of Tims China. “Both brands will benefit from greater scale, a stronger financial model, and synergies, including in the supply chain and new restaurant development.”

    TH International Limited was founded by Cartesian Capital Group and Tim Hortons Restaurants International, a subsidiary of Canadian-headquartered Restaurant Brands International which owns the Popeyes, Burger King and Tim Hortons brands.

    Last August, the US fried chicken retailer appointed Cartesian Capital Group as its partner to relaunch the Popeyes brand in China. The chain has also relaunched in South Korea under a partnership with local operator Silla Co, two years after closing its business there.

    Popeyes has more than 3900 stores globally.

  • % Arabica set for Vietnam debut

    % Arabica set for Vietnam debut

    Boutique café group % Arabica is set to open its first outlet in Vietnam in collaboration with Hong Kong-based investment company The Kho Group.

    Having mooted a Vietnamese debut in 2020, Kyoto-based % Arabica has confirmed it will open its first store in the country this month in Ho Chi Minh City’s popular Nguyen Hue ‘Café Apartments’ site.

    The nine-storey building currently houses nearly 30 coffee shops, including Partea, The Maker Concept and The Letter Café, alongside fashion boutiques and other independent stores.

    Vynce Nguyen, General Manager of The Kho Group, said % Arabica will offer consumers a new specialty coffee experience in Vietnam’s well-established out-of-home coffee market.

    % Arabica plans to launch its second Vietnamese outlet in Ho Chi Minh City, at the Diamond Plaza shopping centre, and is exploring potential expansion in Hanoi, Hoi An and Phu Quoc.

    The Nguyen Hue ‘Café Apartments’ store will be the Japanese coffee group’s 142nd globally with Vietnam its 20th market. The outlet precedes expected market entries in Spain, Mexico, Jordan and Egypt.% Arabica is also set to relaunch in the Philippines this year with two stores in Manila’s Bonifacio Global City financial business district, having exited the market in January 2022.

    The Kho Group operates a portfolio of 19 brands across real estate, technology, finance and retail industries. While % Arabica marks the company’s first foray into food and beverage retail, The Kho Group also has investments in French winery Pont Des Arts and Hong Kongese food-tech company Future Salad.

  • McDonald’s unveils delivery service in Australia

    McDonald’s unveils delivery service in Australia

    McDonald’s Australia has confirmed that it is rolling out its own home delivery service to customers across Australia.

    Starting today, Macca’s fans in participating New South Wales restaurants can have their favorite foods sent directly to their homes when they order via the MyMacca’s app.

    The McDelivery service will be made available in more McDonald’s restaurants across the country in the coming weeks.

    “McDelivery via the MyMacca’s app is now available in participating restaurants across New South Wales, with plans to roll it out across participating restaurants nationwide over the coming weeks,” a McDonald’s spokesperson said.

    “McDelivery allows customers to place delivery orders using the MyMacca’s app, while also earning and redeeming MyMacca’s Rewards points.

    “This is part of our ongoing commitment to providing greater value, convenience and rewards for our customers.

    “McDonald’s continues to be available across other delivery services in Australia, including Uber Eats, Menulog and DoorDash.

    “Customers can check their MyMacca’s app to see if McDelivery is available at a restaurant near them.”

    More information on the nationwide McDelivery rollout will be available in the coming weeks.

  • Heineken Vietnam, National Traffic Safety Committee renew strategic partnership

    Heineken Vietnam, National Traffic Safety Committee renew strategic partnership

    Heineken Vietnam is continuing its 14-year partnership with the National Traffic Safety Committee for developing a “road safety” culture and inculcating the habit of “When you drink, never drive.”

    The two-year program has trialed activities to reinforce a “road safety” culture and promote healthy drinking and driving habits among government and other employees based on Heineken Vietnam’s Traffic Safety framework.

    The program will offer comprehensive and practical solutions with the sole purpose of safeguarding people against dangerous consumption and behaviors after getting a grasp of the social context and employees’ habits.

    Tran Huu Minh, head of the NTSC office, said: “The company has proactively organized awareness campaigns for state agencies and enterprises to encourage their staff to adopt healthy habits towards responsible consumption for the benefit of personal health and the community.

    “I hope this program becomes an impactful model program to be implemented on a bigger scale in future.”

    The set of traffic safety regulations and the “When you drink, never drive” framework will be trialed at two units: the Ho Chi Minh Public Transport Management Center, and the Vitranimex Transportation and Trading Joint Stock Company.

    After conducting an examination at these two units and evaluating the results, NTSC will establish a set of standards for the application of “When you drink, never drive” at enterprises and government agencies and seek to make these rules widely available in the coming years.

    “Path to moderation and no harmful use” is one of the core features of Heineken Vietnam’s sustainability program “Brewing a better Vietnam,” Tran Minh Triet, the company’s deputy managing director said

    The 2022-2023 project is an opportunity for Heineken to support and disseminate the “Traffic safety – When you drink, never drive” program to state agencies, enterprises and consumers, he added.

    For years Heineken Vietnam has been building a program for traffic safety and a set of traffic safety laws within the company, including a number of activities to enhance employees’ knowledge and driving skills.

    As part of its commitment to the scheme, Heineken Vietnam has deployed a “Safe Pick-Up” program to ensure they get home safely every day.

    Since 2008 Heineken Vietnam has collaborated with NTSC to simultaneously spread the “When you drink, never drive” message throughout Vietnam.

  • Vietnam rice exports plummet on lower global demand

    Vietnam rice exports plummet on lower global demand

    Rice exports fell 17.4% year-on-year in January to US$203 million as global demand shrank.

    In volume terms, they declined by 20.9% to 400,000 tons, according to the Ministry of Agriculture and Rural Development.

    Global demand was lower since inventories remained high in many countries, it said.

    The U.S. Department of Agriculture said in its January report that the global rice trade is set to fall by 4% this year to 54.4 million tons, the first drop since 2019.

    The Thai Rice Exporters Association has lowered the export target for this year from 8 million tons to 7.5 million tons, fearing global crises would affect trade.

    Vietnam expects exports to recover by the end of March as the Thai baht continues to gain against the U.S. dollar, making that country’s rice less competitive.

  • Dragon fruit prices triple

    Dragon fruit prices triple

    Dragon fruit prices have tripled year-on-year in southern farms after China resumed border trading.

    Farmers in Tien Giang Province are selling red-fleshed dragon fruit at VND38,000 ($1.62) per kilogram and white-fleshed for VND32,000, up 10% from before the Lunar New Year holiday and triple from the same time last year.

    Nguyen Thi Hanh, a farmer said that she sold five tons at VND32,000 per kilogram and earned a profit of VND110 million.

    In Binh Thuan Province, prices of white-fleshed dragon fruit have also tripled to VND25,000.

    Industry insiders say that the resumption of border trade with China after three years of restrictions has helped boost prices. China accounts for around 90% of Vietnam’s dragon fruit exports.

    Binh Thuan’s Department of Agriculture and Rural Development said that as trucks can pass the border easily without having to wait for days as they did during the pandemic, dragon fruit is being sent to China quickly, and farmers are set to report large profits as the main harvest season approaches.

    “We are working to connect farmers with possible export locations in China to help them sell their fruit with ease,” said Mai Kieu, director of the department.

    Since January Chinese customs no longer requires goods to be tested for Covid-19 at border gates with Vietnam and it has also lifted all other pandemic safety measures.

    Vietnam’s exports to China rose 8% to $119.3 billion in 2022 compared to a year earlier, while imports climbed 4.5% to $58.4 billion.

  • Japan’s sushi-train restaurant chains eye overseas expansion

    Japan’s sushi-train restaurant chains eye overseas expansion

    The companies said Friday that sushi restaurant chains Akindo Sushiro Co. and Genki Sushi Co. are in merger talks to speed up the expansion of their overseas business.

    Akindo Sushiro operates Japan’s largest conveyor belt sushi chain with around 470 restaurants, most of them domestic. Genki Sushi, the No. 5 chain, runs more than half of its 300 or so restaurants abroad, including in the United States and China.

    By teaming up, they hope to cut down on costs and pool their resources to open more restaurants across the growing Asian market, especially as Japan’s graying population puts a damper on domestic sales.

    In preparation for the merger, Shinmei Co., the parent company of Genki Sushi and Japan’s largest rice wholesaler, plans to acquire a 32.72 percent stake in Sushiro Global Holdings Ltd., parent of Akindo Sushiro.

    While the merger details are still being worked out, combining the two businesses would give the new company a significant lead in revenue over its closest rival, Kura Corp.

  • Saigon Beer brewer sees revenue surge by a third

    Saigon Beer brewer sees revenue surge by a third

    Saigon Beer brewer Sabeco saw revenue jump 33% from 2021 to VND35.24 trillion ($1.5 billion) last year as consumption bounced back after two years of Covid-19.

    The brewer’s post-tax profit surged nearly 40% to VND5.5 trillion, the highest level since it was sold to ThaiBev in 2017.

    “The company has improved its production efficiency and implemented cost-saving measures to minimize the impact of higher input costs,” Sabeco said in a statement. “Many promotion and marketing campaigns also helped boost sales.”

    Before the pandemic, the company spent VND3 trillion on promotion and marketing last year, double that of 2019.

    Sabeco’s revenue last year was 8% shy of the 2019 level. However, its revenue quadrupled that of its major competitior in Vietnam, Habeco, which recorded a revenue of VND8.5 trillion.

    Thapana Sirivadhanabhakdi, CEO of ThaiBev, said last year that Sabeco was its “crown jewel” and rejected rumors that the Thai company would sell the brewer.

    Valued at $26 billion, Vietnam is the biggest beer market in Southeast Asia, and No. 3 in Asia behind China and Japan, according to 2021 figures.

  • Boag’s Brewery tours to continue in Launceston thanks to state government funding

    Boag’s Brewery tours to continue in Launceston thanks to state government funding

    Tours of one of Australia’s oldest breweries — which were set to end in a few days — have been saved at the 11th hour after James Boag’s Brewery received funding from the Tasmanian government to keep them running.

    The Tasmanian government will provide $1 million to keep the Launceston brewery’s visitor centre open.

    As part of the deal, any Tasmanian with a current driver’s licence can get free tours for the next 12 months.

    Lion Australia, which owns Boag’s, announced last week that it would close the visitor centre, citing declining beer consumption, rising costs and the impact of COVID-19 as the reasons why.

    Boag’s Brewery director Nathan Calman said the government funding announcement was a win-win for the Launceston community.

    “The proposal to close the visitor centre and tours was not put forward lightly, but as a response to the significant cost pressures we are facing across our business,” Mr Calman said.

    “The response — an outpouring of immense passion for the continuation of our brewery tours and visitor centre experience — reminded us of just how integral Boag’s is to Launceston.

    Mr Calman said there had been no expectation that the government would provide support to keep the tours operating.

    “This package will help us continue to provide a great tour experience at the Boag’s visitor centre, while we work with the government and other stakeholders to address some of the long-term cost pressures our manufacturing business continues to face,” he said.

    The continued operation of the centre will also save 12 jobs.

    Premier Jeremy Rockliff, who called on Lion to reconsider its initial decision, said the funding would be used to “expand and enhance the tourist attraction”.

    “It’s not only a local cultural icon but a vital part of the local northern economy attracting thousands of visitors a year,” Mr Rockliff said.

    “The unique experience it offers has been a significant drawcard for Launceston for decades, with the benefits flowing to other businesses in the region and across the state.”

    The funding will also be used for a marketing strategy, to promote the tour to interstate travellers.

    Launceston Mayor Danny Gibson said that he was delighted the decision to close the visitor centre had been reversed.

    “We’re thrilled that such a vital component of our visitor economy has been reinstated, not only to the same level but [also with] commitment to expand it.

    “We know that the visitor centre and the tours are consistently ranked highly by visitors to Launceston.”