November 1, 2013 โ Fish sauce is the essential condiment of Southeast Asian cuisine. Made from fermented anchovies, it gives Vietnamese and Thai dishes their distinctive sweet-sour taste. More than 95% of Vietnamese households use fish sauce daily, tossing it into everything from noodles to dipping sauce.
In previous decades, housewives bought unmarked jars at the local market. Today, theyโve developed fierce brand loyalty. Three sauces manufactured by Masan Consumer Corp. make up 76% of the domestic market, which this year is forecast to top $400 million. New York-based private equity firm KKR recently increased its stake in Masan to $359 millionโthe largest investment a private equity firm has ever made in Vietnam.
But Cuong and the other approximately 90 Phu Quoc producers want consumers to see their fermented condiment as much more than a household staple.
This year, Phu Quoc fish sauce became the first product from Southeast Asia to receive Protected Designation of Origin certification from the EU Commission. To earn the prestigious label, a food product must be made entirely within a defined geographical area, using skills and ingredients from the region. European PDO products, including Prosciutto di Parma, Balsamic vinegar and Champagne, often enjoy a global reputation.
โWe think of ourselves like a fine Bordeaux,โ Cuong told me. โThe things that make Phu Quoc fish sauce specialโthe anchovies, process, and climateโare quite different in Phu Quoc than in other fish sauce producing areas. The new designation recognizes these terroirs.โ
The readiness with which Cuong tosses out terms like terroir indicates that Vietnamese producers are becoming more conscious of branding, especially for export markets.
The French word terroir describes the set of regional characteristics that give a wine or food its distinctive character: physical conditions (climate, geography), production methods, and intangible qualities like a sense of authenticity and identity. While Westerners typically associate the concept with French wine, the same idea has been ingrained in Vietnamese culture for centuries as dac san (โspecialtyโ), but with much less aggressive marketing.
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