The Republic of Korea (RoK)’s food industry targets Vietnam as a premier market for K-Food as companies entering the Southeast Asian country early continue to consider it as a key market for their overseas business operations, said insiders.

The increasing demand for fresh food and e-commerce is serving as the main driving force of the domestic cold storage market - a niche segment of logistics to boom in the coming time.

In the face of rising domestic gasoline prices, many retail businesses have been making efforts to control the price of goods to ensure supply and stabilise the market.

Ho Chi Minh City’s Department of Industry and Trade has pledged to help businesses stabilise market prices following hikes in gasoline and electricity prices.

An increasing number of consumers are buying fresh food online, according to the Hanoi Department of Industry and Trade.

Vietnam will have 1,300 supermarkets and more than 300 commercial centres in the next 10 years, making an important channel for people to access to safe food sources, said MIT.