Top Food And Beverage Services Companies in Vietnam

The food and beverage services industry in Vietnam has experienced significant growth and success over the past few years. With the country's increasing urbanization and rising disposable incomes, the industry has become a key contributor to the country's economic growth. In this article, we will examine the key statistics from 2022, the factors contributing to the industry's growth and success, industry growth and comparison to previous years, key trends, challenges, and future outlook.

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ANNAM GROUP371 +84 28 3512 6400

Annam Group business started in 2000 in a small food and wine retail store in Ho Chi Minh City to cater the expats and locals looking for high-quality food and beverage products. In no time, this business quickly grew into different complimentary businesses due to the demand of its customers. A few short years later, Annam Group has become the leading importer and distributor of premium food products, wine, beverages and cosmetics in Vietnam, Cambodia, and Myanmar.

NESTLÉ171,069 +65 6836 7000

As the world’s largest food and beverage company we are driven by a simple aim: unlocking the power of food to enhance quality of life for everyone, today and for generations to come. To deliver on this, we serve with passion, with a spirit of excellence, offering products and services for all stages of life, every moment of the day, helping people care for themselves and their families. Our culture is based on our values rooted in respect: respect for ourselves, respect for others, respect for diversity and respect for the future.We can trace our origin back to 1866, when the first European condensed milk factory was opened in Cham, Switzerland, by the Anglo-Swiss Condensed Milk Company. One year later, Henri Nestlé, a trained pharmacist, launched one of the world’s first prepared infant cereals ‘Farine lactée’ in Vevey, Switzerland.Today, we employ around 273,000 people and have factories or operations in almost every country in the world. With our headquarters still based in the Swiss town of Vevey, we had sales of CHF 84.3 billion in 2020.Our portfolio covers almost every food and beverage category –offering products and services for all stages of life, every moment of the day, helping people care for themselves and their families.House rules: https://nes.tl/HouseRules

CREATIVE EATERIES141 +65 6411 4994

Founded by Mr Anthony Wong in 1992, the birth of Creative Eateries began with an unique dining concept restaurant as an alternative to that of hotel restaurants, which were largely popular in the 90s. Fueled by the increased appetite for more creative dining concepts, Creative Eateries flourished with inspirations to fill the gaps in the market by making it our responsibility to spoil you with an array of dining options.Seasoned with more than 25 years of experience, Creative Eateries remains an ever-present brand in the increasingly competitive market. We pride ourselves as a reliable go-to brand, delivering a consistent dining experience for every occasion – be it Thai, Western, Chinese, Japanese cuisine or Catering, we’ve got you covered. From a simple meal at our restaurants to casual birthday celebrations and even themed weddings, we strive to create a memorable experience for you.Our team always believes that good food should be accompanied with great company as food is a universal language that we all share. While remaining customer and employee centric, we grow the Creative Eateries Family to ensure that everyone is happy, committed, passionate and equipped with the right skills to bring warm and delightful service to you.Creative Eateries has stood the test of time following through with its mission amidst the competitive Food and Beverage landscape in Singapore. Today, keeping a positive mindset to embrace change has further propelled the company to new heights. Moving forward, Creative Eateries will continue to build its local footprint in the Singapore market, whilst growing regionally.

CRYSTAL JADE CULINARY CONCEPTS116 +65 6339 0998

Founded in 1991, Crystal Jade is a Singapore-based culinary brand with MICHELIN one star (Singapore) and multiple MICHELIN Bib Gourmand awards (Hong Kong & Shanghai). Committed to preserving the rich traditions of Chinese cuisine, the group’s portfolio of specialty dining concepts range from fine dining and casual dining restaurants to speciality bakeries. In 2014, L Catterton Asia, formerly known as L Capital Asia, the private equity arm of LVMH Moët Hennessy – Louis Vuitton officiated a 90% stake buy in Crystal Jade. Later in June 2015, Standard Chartered Private Equity (SCPE) announced its investment in the group as well. To date, the award-winning group owns and operates over 100 outlets across 25 major cities in Asia Pacific and the United States.

NUTRIASIA645 +63 2 8800 3888

Founded in 1991, NutriAsia is a powerhouse of beloved, timeless, and iconic Filipino food brands, including UFC, Papa, Jufran, and Mafran Catsups and Sauces; UFC Cooking Sauces and Meal Mixes; Mang Tomas Sauce; Datu Puti Vinegar, Soy Sauce, and Fish Sauce; Golden Fiesta Cooking Oil and Locally Blended Juice Drink.

FRASER & NEAVE HOLDINGS BHD (F&N)710 +60 3-2783 9299

Fraser & Neave Holdings Bhd (F&NHB) is a Malaysian-incorporated and Shariah compliant company listed on Bursa Malaysia’s Main Board. The Group has an annual turnover of RM4 billion from its core businesses in the manufacture, sales and marketing of beverage, dairy and food products. With a rich heritage spanning 140 years, F&NHB is today synonymous with quality and halal products that are trusted by generations.F&NHB boasts a portfolio of brands which are leaders in many segments such as; 100PLUS, F&N Fun Flavours, F&N SEASONS, OYOSHI, F&N Magnolia, FARMHOUSE, F&N ICE MOUNTAIN; Condensed and Evaporated Milk under F&N, TEAPOT, Gold Coin, Cap Junjung, IDEAL and CARNATION brands; as well as NONA brand of ketupat and sauces. The Group’s subsidiary, Cocoaland, is also the largest gummy candy producer in Malaysia with its flagship Lot 100 brand.F&NHB is a constituent of FTSE4Good Bursa Malaysia (F4GBM) and F4GBM Shariah Index. The Group employs about 4,000 people across its operations in Malaysia, Brunei, Thailand and Indochina.

GONG CHA861 +65 6200 2288

Gong cha is an international beverage franchise specializing in bubble tea.

INTERNATIONAL BEVERAGE184 +65 6435 2880

International Beverage Holdings Limited is a dynamic global drinks business. Established in 2006 as the international arm of ThaiBev, we specialise in developing distinctive, premium local brands for global growth, with a portfolio that is led by a range of high-quality, award winning Scotch whiskies and includes some of the fastest growing and most prestigious beers, spirits and whiskies on the market today. These high-quality brands are enjoyed by consumers in over 85 global markets and include Chang Beer, Mekhong, Old Pulteney single malt Scotch whisky, Hankey Bannister blended whisky and Caorunn Gin.Our 800 highly skilled professionals working across specialist areas including blending and distilling to sales, marketing and other business partner supporting functions encapsulate the true spirit of our company. They live and breathe our company values of Find A Way; Join In; Be Open and Honest and Build our Brands. At the heart of our company is our purpose and passion to build brands that excite our customers and make us proud!

KFC85,470 +65 6756 7487

KFC, a subsidiary of Yum! Brands, Inc. (NYSE: YUM), is a global chicken restaurant brand with a rich, decades-long history of success and innovation. It all started with one cook, Colonel Harland Sanders, who created a finger lickin’ good recipe more than 75 years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen. Today we still follow his formula for success, with real cooks breading and freshly preparing our delicious chicken by hand in more than 22,000 restaurants in over 135 countries and territories around the world.

NESTLÉ PROFESSIONAL3,082 +65 6836 7000

Nestlé Professional is dedicated to being an inspiring growth partner that delivers creative, branded food and beverage solutions, enabling foodservice operators to delight their consumers.From CHEF®, GARDEN GOURMET®, MAGGI®, MINOR’S®, BUITONI® on-trend culinary items to innovative beverage solutions under NESCAFE®, WE PROUDLY SERVE STARBUCKS®, ROASTELIER®, COFFEE-MATE® brands, Nestlé Professional meets the needs of foodservice operators while fully satisfying the tastes of the out-of-home consumer.

OFI2,331 +65 6339 4100

ofi is a global leader offering naturally good food & beverage ingredients and solutions. Pioneers at heart we operate at the forefront of consumer trends to provide food & beverage manufactures and retailers with products and ingredients that will delight their customers. Making a positive impact on people and planet is part of that delight.At every stage, from plant to palate, we take care of the ingredients. With deep-rooted presence in the countries where our ingredients are grown, we are closer to farmers, enabling better quality, and more reliable, traceable and transparent supply. Supplying products and ingredients at scale is just the start. We add value through our unique manufacturing footprint and complementary portfolio of natural, delicious and nutritious products.We share our fresh ideas, ingredients and solutions so our customers can unleash the sensory and functional attributes of cocoa, coffee, dairy, nuts and spices to create naturally healthy and delicious food & beverage products for their consumer. And whoever we’re with, whatever we’re doing, we always make it real.

OLAM8,946 +65 6339 4100

Olam Group is a leading food and agri-business supplying food, ingredients, feed and fibre to 20,900 customers worldwide. Our value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a sourcing network of an estimated 5.0 million farmers.Through our purpose to ‘Re-imagine Global Agriculture and Food Systems’, Olam Group aims to address the many challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, our planet and all our stakeholders. Headquartered and listed in Singapore, Olam Group currently ranks among the top 30 largest primary listed companies in terms of market capitalisation on SGX-ST.Since June 2020, Olam Group has been included in the FTSE4Good Index Series, a global sustainable investment index series developed by FTSE Russell, following a rigorous assessment of its supply chain activities, impact on the environment and governance transparency. The FTSE4Good Index Series identifies companies that demonstrate strong Environmental, Social and Governance (ESG) practices and is used by a variety of market participants to create and assess responsible investment funds.

T&G GLOBAL LIMITED618 +64 9 459 8500

Our story began 125 years ago as Turners and Growers, and today as T&G Global, we help grow healthier futures for people around the world.Located in 13 countries, our team of 2,000 people both grow and partner with over 1,200 growers to market, sell and distribute nutritious fresh produce to customers and consumers in over 60 countries. As kaitiaki, we do this guided by kaitiakitanga. For us, this means we treat the land, people, produce, resources, and community with the greatest of respect and care, as guardians of their future.

PEPSICO116,001 +65 6551 8000

PepsiCo is a playground for curious people. We invite thinkers, doers, and changemakers to champion innovation, take calculated risks, and challenge the status quo. From executives to team members on the front lines, we’re excited about the future. We take chances. Together, we dare to make the world a better place. Our associates are the magic ingredient. Each of them plays an integral role in helping create deep connections between people and our products. Think about your last group celebration: Chances are, one of our iconic brands was by your side. At PepsiCo, you’re invited to be a part of a global team of innovators who make, move, and sell these products—which are enjoyed by more than 1 billion people a day. A career at PepsiCo means working in a culture where everyone’s welcome. Here, you can dare to be yourself. No matter who you are or where you’re from, you can influence the people around you and the world at large. By showing up, you’ll have the opportunity to learn, develop and grow your skills for the future. Our supportive teams can fuel your professional goals to make a global impact on people and the planet. Join us. Dare for Better.

PERFETTI VAN MELLE8,660 +65 6336 3545

Perfetti Van Melle is a privately owned company, producing and distributing candies and chewing gums in more than 150 countries worldwide. Employing over 17.000 people and operating 37 companies throughout the world, Perfetti Van Melle has a true global reach: it is present in the Asia Pacific Region, Europe, Middle East, Africa and the AmericasThe industrial adventure of Perfetti Van Melle began many years ago, but it was in March 2001 that the current Group was set up through the merger of Perfetti Spa and Van Melle N.V. In July 2006 the Group acquired the Spanish company Chupa Chups S.A., famous all over the world for its lollypops.Our brands convey the passion we have for our products. We continuously explore new ways of doing things and innovative ideas that will inspire and delight our consumers worldwide. Our global brands Mentos, Chupa Chups, Alpenliebe gratify, refresh, inspire consumers of all ages around the globe. Other brands are extremely popular in regional markets with innovative tastes that match local preferences.

SELECT GROUP PTE LTD160 +65 6887 8300

Select Group is the leading foodservice provider to customers from all walks of life for more than 25 years. The Group, led by Managing Director Mr Vincent Tan and his team of professionals, manages thousands of dedicated staff trained in all aspects of the foodservice industry. With our extensive experience in the F&B industry, the Group has established a substantial brand presence in events catering and institutional catering, as well as fine and casual dining restaurants, food courts and quick service restaurants in Singapore. To increase its variety of offerings, Select Group has also ventured into ready-to-eat meal production and expanded operations beyond Singapore to neighbouring countries in the region.

DOLE SUNSHINE COMPANY1,679 +65 6716 9000

We deliver high-quality fresh and packaged fruit withpositive impact on people, planet and prosperity.

SUBWAY88,177 +65 9750 8869

Subway is one of the worlds largest quick service restaurant brands, serving freshly made-to-order sandwiches, wraps, salads and bowls to millions of guests, across over 100 countries in more than 37,000 restaurants every day. Subway restaurants are owned and operated by Subway franchisees – a network that includes more than 20,000 dedicated entrepreneurs and small business owners – who are committed to delivering the best guest experience possible in their local communities.Ready to join the Subway team? There are plenty of incredible opportunities to be part of Subway, from our corporate headquarters and worldwide regional offices to our remote development teams. Our thousands of franchised restaurants across the globe offer opportunities for talented, motivated people to join their teams.Browse opportunities at our dual-headquarters offices in Milford, CT, and Miami, FL, offices as well as regional offices at https://www.subway.com/en-US/Careers. For opportunities at Subway Restaurants around the world, please visit www.mysubwaycareer.com.

JDE8,372 +65 6391 0350

Who we are? JDE Peet’s is the worlds leading pure-play coffee and tea company, with local roots dating back to 1753, and is headquartered in the Netherlands. We unleash the possibilities of coffee and tea in more than 100 countries with a portfolio of over 50 brands, including L’OR, Peet’s, Jacobs, Senseo, Tassimo, Douwe Egberts, OldTown, Super, Pickwick and Moccona. What’s it like to work at JDE Peet’s? We are people united by the power and possibility of tea and coffee. At JDE Peet’s, we thrive on the freedom to pursue opportunities, provoking new ideas to make an impact at scale. Our ambition is simple – JDE Peets: unleashing the possibilities of coffee and tea. We bring action to our intentions, following through on what was agreed, always pushing things forward. We offer our people a range of learning and development programmes to support their personal growth. We’ve worked hard to build an open, collaborative environment where you can approach anyone and be heard. At JDE Peets, we believe it’s amazing what can happen over a cup of coffee or tea. We also believe that a diverse and inclusive culture enables us to serve every coffee and tea lover in the best possible way. No matter who you are, where you come from, how you live your life, or how you enjoy your coffee or tea, you can fulfil your ambitions and contribute to our success. When you grow, we grow, and coffee & tea grows. Apply to unleash a cup of amazing for your career. UNLEASH YOUR POSSIBILITY! #unleashyourpossibility #acupofamazing

CHATIME AUSTRALIA843 +61 2 9555 4433

At Chatime were shaking tea up! Founded in Taiwan in 2003, Chatime has over 1,000 T-Breweries worldwide. In Australia since 2009, Chatime has quickly grown to over 100 T-Breweries across Australia. We are fast on our way to achieving 200 T-Breweries by 2020. Combining 30 years of tea production and a team of professional T-Masters, T-Legends and T-Ristas, weve modernised the traditional Taiwanese tea culture. Several key factors make a Chatime franchise attractive, including well-developed training programs, an exceptional retail audit system, product innovation, and a specialised management team.Chatime is committed to delivering consistently high quality tea with outstanding and efficient customer service. Chatime is experiencing exceptional growth at a rate of more than 80% during the past two years and is currently one of Australia’s fastest growing franchises.#ShakingTeaUp #ShakingBusinessUp

Top Food And Beverage Services Companies in Vietnam

Key Statistics from 2022

According to the General Statistics Office of Vietnam, the food and beverage services industry grew by 7.3% in 2022, contributing 0.9% to the country's GDP. The industry provided employment to over 3 million people, accounting for 5% of the country's total workforce. The total revenue of the industry reached VND 1,180 trillion (approximately USD 52 billion), an increase of 11.5% compared to the previous year.

Factors Contributing to its Growth and Success

The growth and success of the food and beverage services industry in Vietnam can be attributed to various factors, including the country's increasing urbanization and rising disposable incomes. As the country's urban population grows, there is an increasing demand for food and beverage services in urban areas. Additionally, as disposable incomes rise, people have more money to spend on dining out and experiencing new cuisines.

The government has also implemented initiatives to promote the growth of the industry. The government has implemented policies to attract more foreign investment into the industry, as well as measures to support the development of small and medium-sized enterprises in the industry. The government has also implemented policies to promote food safety and hygiene, which has helped to improve the industry's reputation and attract more customers.

Industry Growth and Comparison to Previous Years

The food and beverage services industry in Vietnam has experienced steady growth over the past decade. In 2011, the industry's growth rate was 6.2%, and by 2022, it had increased to 7.3%. The total revenue of the industry has also increased from VND 375 trillion in 2011 to VND 1,180 trillion in 2022. These figures highlight the industry's significant contribution to Vietnam's economic growth.

Key Trends

Technological advancements have been a key trend in the food and beverage services industry in Vietnam. The use of technology, such as mobile applications and online ordering systems, has become increasingly popular in the industry, allowing for more efficient and convenient services. Additionally, the adoption of sustainable practices, such as reducing plastic waste, has become more widespread, with an increasing number of restaurants and cafes seeking to be more environmentally friendly.

Another trend is the increasing popularity of Vietnamese cuisine on the global stage. Vietnamese cuisine is known for its fresh and flavorful ingredients, and its popularity has been on the rise in recent years. This presents an opportunity for the industry to promote Vietnamese cuisine and attract more foreign customers.

Challenges

Despite the industry's growth and success, it still faces several challenges. One of the main challenges is the shortage of skilled workers. The industry requires skilled workers, such as chefs and food and beverage managers, but there is a shortage of such workers in the country. The country's education system has not kept up with the industry's growth, and there is a need for more vocational training programs to address the skills gap.

Another challenge is the competition within the industry. The food and beverage services industry in Vietnam is highly competitive, with a large number of players in the market. This can create challenges for new entrants and small and medium-sized enterprises in the industry.

Future Outlook

The future outlook for the food and beverage services industry in Vietnam is positive. The industry's growth and success over the past decade have been driven by the country's increasing urbanization and rising disposable incomes, as well as the government's initiatives to promote the growth of the industry. Looking ahead, the industry will continue to play a critical role in the country's economic development.

One potential area for further growth in the industry is the development of Vietnamese cuisine as a global brand. With the increasing popularity of Vietnamese cuisine on the global stage, there is an opportunity for the industry to promote Vietnamese cuisine and attract more foreign customers. This will require collaboration between the industry and the government to promote Vietnamese cuisine and ensure its quality and authenticity.

Another potential area for growth is the development of food and beverage services in rural areas. While the industry has experienced significant growth in urban areas, there is still potential for growth in rural areas, where the demand for food and beverage services is increasing. This presents an opportunity for the industry to expand and contribute to the development of rural areas.

Conclusion

In conclusion, the food and beverage services industry in Vietnam has experienced significant growth and success over the past decade, driven by the country's increasing urbanization and rising disposable incomes, as well as the government's initiatives to promote the growth of the industry. Addressing challenges such as the shortage of skilled workers and competition within the industry will be critical to sustaining the industry's growth in the long term. The development of Vietnamese cuisine as a global brand and the expansion of food and beverage services in rural areas present exciting opportunities for the industry to continue its contribution to the country's economic and social development.

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By Melissa Goh
Published on 31 May 2023