Core Viewpoint - Guangdong's prepared food industry is becoming a global leader, with a projected output value growth of 21.7% in 2024, driven by its strong food industry foundation and innovative capabilities [1] Group 1: Industry Challenges and Responses - The prepared food industry faces five core challenges when going global: information barriers, differences in qualification standards, supply-demand matching, market recognition, and brand promotion [2] - In response, the Southern Finance Group established the "Guangdong Prepared Food Going Global Industry Alliance" in March 2023, integrating resources from food companies, logistics partners, and overseas channels [2] - The group launched the "Golden Year Dish" initiative in early 2024, facilitating the first batch of products to pass New Zealand MPI certification, achieving both reputation and sales breakthroughs [2] Group 2: Operational Strategies - Southern Finance Group has developed a four-dimensional empowerment system comprising media, think tanks, data, and ecology to address industry challenges [3] - The group published the "China Prepared Food Going Global White Paper" and utilized AI technology to analyze customs data, optimizing supply chains for small and medium-sized enterprises [3] - Initiatives include establishing overseas warehouses and promoting cultural IPs like the "Chinese Year Dish Festival" to enhance market recognition [3] Group 3: Strategic Framework - The "Pin He Yuan" strategy focuses on quality control and brand building, emphasizing collaboration across the supply chain, and adopting a long-term approach through shared factories and R&D centers in markets like New Zealand [4] - The first overseas shared factory for Guangdong prepared food has expanded to 22 dumpling chain stores, indicating a shift from single-point breakthroughs to ecological implementation [4] - The strategic significance of going global transcends commercial dimensions, as it addresses global food security challenges, with approximately 733 million people facing food shortages worldwide in 2023 [4] Group 4: Future Directions - Despite ongoing challenges, the global footprint of Guangdong's prepared food industry is beginning to take shape [4] - Southern Finance Group plans to innovate the "news + government service business" model, transforming media influence into industrial momentum through policy interpretation and resource matching [4]

Core Viewpoint - The article highlights the resilience and adaptability of Guangdong's prepared food industry in the face of global trade challenges, particularly the tariff war initiated by the U.S., showcasing how local products like Magang goose are successfully entering international markets through innovative strategies and collaborations [4][15][30]. Group 1: Event Overview - The 9th China International Food and Ingredients Expo, the 3rd China International Prepared Food Industry Expo, and the 14th Guangdong Modern Agriculture Expo were held in Dongguan from April 18 to 20, attracting global buyers [1]. - The event featured a significant focus on the prepared food industry, which is seen as a key player in reshaping the global food landscape amidst trade tensions [1][7]. Group 2: Magang Goose's Success - Magang goose, recognized as one of Guangdong's top products, secured major contracts worth 80 million RMB with markets in Hong Kong, Macau, and Indonesia, highlighting its appeal and quality [6][5]. - The success of Magang goose is attributed to a new paradigm for Guangdong's agricultural exports, which emphasizes cultural connections, standardized production, and innovative overseas partnerships [6][7]. Group 3: Prepared Food Industry Growth - China's prepared food market is projected to grow from 200 billion RMB in 2019 to 600 billion RMB by 2024, with a compound annual growth rate of 25%, making it a significant growth engine globally [17]. - In 2024, China's prepared food exports reached 173.2 billion RMB, accounting for 27% of total agricultural exports, indicating substantial market potential [17]. Group 4: International Market Strategies - The article discusses the importance of strategic international partnerships and market positioning for Chinese prepared food companies, particularly in Southeast Asia and the Middle East, which are seen as ideal markets for expansion [22][24]. - The concept of "shared factory" models is introduced, where Chinese food companies collaborate with local partners to leverage resources and distribution channels, enhancing competitiveness in foreign markets [26]. Group 5: Financial Support and Infrastructure - Financial institutions, such as the Agricultural Bank of China in Dongguan, are providing significant support through inclusive loans, facilitating quick access to capital for food enterprises [28]. - The establishment of overseas warehouses and international cooperation agreements during the expos indicates a proactive approach to building infrastructure for global trade [19].

Core Insights - The article discusses the potential of the Vietnamese market for Chinese pre-prepared food products, highlighting the cultural ties and historical context of Chinese cuisine in Southeast Asia [1] - Vietnam is identified as a "blue ocean" market for pre-prepared foods, with a young population and a growing middle class, making it an attractive target for Chinese companies [1][2] Market Characteristics - Vietnam has a population of 100 million, with 56% under the age of 35, and has experienced GDP growth exceeding 5% for eight consecutive years [1] - The middle class in Vietnam has surpassed 33 million people, indicating a significant consumer base for pre-prepared foods [1] Consumption Patterns - There is a notable disparity in food consumption levels across Vietnam, with urban areas like Ho Chi Minh City showing a 12% expenditure on pre-prepared foods, while rural areas still favor bulk pickled foods [2] - Traditional sales channels dominate the market, accounting for 67%, but modern channels are growing rapidly at an annual rate of 23% [2] Strategic Recommendations - Companies are advised to develop precise product and marketing strategies that cater to both traditional and modern channels, addressing the diverse needs of different consumer groups [2] - The "demand-cost-culture" triangle model is suggested for product positioning in Vietnam, with a focus on stable demand products like hot pot and festive items like Buddha Jumps Over the Wall [2] Sales Channel Development - A four-step strategy for market entry is proposed: 1. Utilize e-commerce platforms like Tiki.vn for quick market penetration [3] 2. Partner with convenience stores like GS25 for targeted marketing strategies [3] 3. Enhance the overseas supply chain by establishing local central kitchens and shared factories [3] 4. Leverage cultural events to promote Chinese cuisine [3] Regional Market Trends - The Southeast Asian restaurant market is valued at $132.9 billion, with an annual growth rate of 8% to 12%, indicating a robust opportunity for Chinese cuisine expansion [3] - Vietnam is positioned as a strategic hub for entering the Southeast Asian market, with plans for a business investment exploration team to address practical challenges [3]