Vietnamese people consume more than 5 billion packets of instant noodles a year.

Instant noodles consistently occupy one of the largest product spaces in supermarkets and convenience stores across Vietnam.

A recent report by the World Instant Noodle Association (WINA) shows that Vietnam's instant noodle consumption has rebounded strongly after two years of decline. Accordingly, in 2017, Vietnamese people consumed 5.06 billion packets of instant noodles, an increase of nearly 3% compared to the previous year and 5.4% compared to 2015. Vietnam ranks 5th in instant noodle consumption worldwide, after China, Indonesia, Japan, and India.

According to WINA, there are approximately 100 billion packages each year.Noodles are consumed all over the world. According to...According to Euromonitor data, the value of instant noodles consumed globally has increased at a rate of nearly 40% in recent years, from $44 billion (2013) to $61 billion (2017).

In Vietnam, the increase in instant noodle consumption is due to the wide variety of choices available in the market. Furthermore, there has been strong participation from many domestic and foreign businesses.

Recently, 2-3 companies have announced their intention to enter this market through partnerships with foreign businesses. In addition, imported instant noodles from other countries have flooded into Vietnam in recent years. This diversity of choices has stimulated consumer demand for this product.

Many businesses operating in the instant noodle sector have also reported a rebound in sales. A representative from Acecook Vietnam Joint Stock Company stated that...The company's half-year revenue increased by 8% compared to the same period last year.According to him, the company's business is thriving thanks to a booming market.

Similarly, bbusiness results report ofColusa - Milike Foodstuff Joint Stock Company also reported a net revenue increase of over 10% in the first six months of the year compared to the same period last year, reaching 281 billion VND.