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Article: PRODUCT FOCUS- VIETNAMESE VEGETABLE OIL.
- Article from:
- Market Asia Pacific
- Article date:
- March 1, 2004
CopyrightCOPYRIGHT 2004 Media Contact Resources, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The demand for vegetable oil is on the rise in Vietnam, and local producers are taking major steps to fend off competition from high quality imported brands.
According to a report released by Vietnams Vegetable Oil Research Institute, per capita consumption of that product rose from 0.7 kilogram in 1996 to 5 kilograms in 2003, but there is still considerable growth on the horizon. The Institute projects that per capita vegetable oil consumption will reach 8 kilograms by 2008.
Of the 410,000 tons of vegetable oil consumed in Vietnam during 2003, 92 percent was produced domestically. However, free trade agreements recently entered into by Vietnam have ...