A report on the Web site Companiesandmarkets.com notes that increasing urbanization and growing demand for quality food, the food processing industry is growing at rapid pace throughout the world. Vietnam is becoming a hub for food products processing as the industry has been growing at an annual rate of 20-30%. Changing consumption habits are making the processed food a big piece of cake for everyone in the country. Vietnamese now use more processed or preliminarily treated food to make meals, which is seen as a big opportunity for food processors.
We have found that the food processing industry in Vietnam is highly fragmented but it will consolidate, with further opening of the market, and will provide more growth opportunities to foreign companies
http://www.companiesandmarkets.com/Summary-Market-Report/processed-food-market-in-vietnam-144598.asp