Vietnam: Food Service - Hotel Restaurant Institutional Annual
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This report provides the latest update regarding developments in Vietnam’s Hotel, Restaurant, and Institutional (HRI) food service sector and provides a road map for exporters wishing to enter the market. The country’s food service sector exhibited strong and resilient growth in 2023, fueled by an expanding middle class and a robust recovery in tourism. Despite significant challenges from global and domestic economic conditions, the sector achieved a 12.5 percent growth in the first ten months of 2024, reaching a total value of $24.1 billion.