The noodle company’s market share reduced to only 2-4 per cent in total. The stock of VNĐ23.3 billion ($1.04 million) caused the company’s liabilities to increase from VNĐ61.1 billion ($2.74 million) to VNĐ72.8 billion ($3.27 million). At present, Miliket’s instant noodles is in the lowest price bracket on the market, at VNĐ3,000 ($0.13) per package. According to the World Instant Noodles Association, the amount of instant noodles consumed annually in Việt Nam has gradually declined since 2013, from 5.2 billion packages to 4.8 billion in 2015. The country has the fourth largest quantity of instant noodles consumed per annum.

Source: Viet Nam News March 28, 2017 01:52 UTC