Member of Vietnam Fish Sauce Association contributes 70% of total sales of fish sauce industry

Published Oct 27, 2020

Tridge summary

The Ministry of the Interior in Vietnam has established the Vietnam Fish Sauce Association (VAFS), boasting 85 business and 200 individual members that control approximately 70% of the entire fish sauce industry. The association's mission is to protect the industry's legitimate interests, develop product standards, and foster scientific research to enhance productivity and global promotion of the traditional Vietnamese product. With a production capacity of approximately 250 million liters per year, the industry has a current valuation of around 6,000 billion per year, witnessing an average annual growth of 13.25% over the past decade. The industry includes 783 production facilities and 1,500 household participants, with notable brands contributing to both domestic and international markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Association (abbreviated name: VAFS) was established by decision of the Ministry of the Interior, the advocacy process lasted about 3 years. Currently, the association consists of members of 85 businesses, nearly 200 individuals operating across the country. They come from many ingredients: manufacturing, trading, importing and exporting fish sauce, scientists, managers, and testing fish sauce. Sales and volume of fish sauce business of VAFS founding members account for about 70% of sales and output of the entire fish sauce industry. One of the main goals of VAFS besides gathering industry members, protecting legitimate interests, the Association also wants to be able to develop product standards, the process of producing fish sauce. In addition, the process of scientific research is also promoted to increase productivity, promote products to the world and promote exports ... Fish sauce is a rich traditional product of Vietnam, called " the national spirit ". Although the ...
Source: CafeF

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