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VIETNAM HORECA DAY (VNHORECADAY4.0) is the first event in Vietnam focusing on Hotel, Restaurant, Accommodation, F&B, Culinary, Complex entertaiment service and relevant industries with the combination of activities including Exposition – Conference – B2B Matchmaking. The event will take place on 27 August 2023 in Hanoi.
The event is a gathering day for public regulator businesses in tourism, HORECA; media regulators coverage; businesses providing products and services for restaurants, hotels, and culinary business. (Furniture, equipment, tools, materials, food, technology solutions 4.0); Management staff in charge of the following fields: Complex Service Centers, Hotels, Restaurants, Food Business Organizations (Procurement Managers, Information Technology Infrastructure Management, F&B, Housekeeping, Kitchen cabinets); experts in the HORECA field from domestic and international. The event is expected to be held annually, starting from 2020 with the scale of 2.500+ visitors, 500+ delegates, 100+ booths, 20+ speakers, 150+ B2B Matchmaking meetings, 50+ media channels onsite and 20.000+ accesses and interactions via online information channels.
VIETNAM HORECA DAY is a place for you to gain new business opportunities, sourcing, finding distributors; a place where you can promote and communicate about your products, services and brands at optimal cost; a place to catch up with the latest trends, update relevant information and policies in the industry; a place to expand your business relationships, exchange experiences, learn technology solutions to help reach customers, increase your revenue; a place where you find solutions for sustainability and the latest business models.
Vietnam’s tourism industry has grown at a CAGR of 13.5% over five years. As of 2018, Vietnam had about 28.000 tourist accommodation establishments, an increase of 9.3% compared to 2017, with the number of five-star luxury hotels up to 20.8% in the past year.
Of the €19.7 billion in 2016, full-service restaurants accounted for 70% with €13.80 billion, followed by cafés/bars at 16% and street kiosks at 10%. Between 2014 and 2019, the F&B market is estimated to grow at an average of 18% per year. Hundreds of F&B chains are continuously expanding with hundreds of thousands of restaurants – cafes are increasingly equipped with modernity.
In 2016, 3.8 billion liters of alcoholic beverages were consumed, 38% of which, valuing at €810 million, was consumed in bars and clubs.
Vietnamese people are spending more and more on out-of-home (OOH) food consumption. The biggest consumer group of OOH is the Z Generation (those born after 1995), which is estimated at approximately 14.4 million individuals. Although having less than €87.2 income per month, this group spends about €459 million on OOH food every month, making them a driving force of Vietnam’s F&B sector.
Local tourism is a key economic sector of Vietnam with great support from the Government.