Tuesday,  Aug 14, 2018,23:17 (GMT+7) 0 0
Some foreign brewers leave local market
Monday,  May 21, 2018,15:52 (GMT+7)

Some foreign brewers leave local market

HCMC – Some major foreign brewers have withdrawn from the Vietnamese market after they have poured huge capital into the industry, the chairman of the Vietnam Beer, Alcohol and Beverage Association (VBA) was quoted by Nguoi Lao Dong newspaper as saying.

Speaking at a seminar on the beverage industry held in HCMC on May 18, Nguyen Van Viet said that due to fierce competition, foreign firms such as San Miguel and Foster’s have left Vietnam though it is Asia’s third biggest beer consumer after Japan and China.

Data of the General Statistics Office of Vietnam showed that in 2014 each Vietnamese aged over 15 consumed 4.4 liters of pure alcohol a year while a report of the World Health Organization ranked Vietnam 94th among 194 countries.

Vietnam last year consumed over four billion liters of beer, meaning each person drank 40 liters of beer a year, double the amount in two previous years.

The beer industry will turn out about 4.1 billion liters in 2020, 4.6 billion in 2025 and 5.5 billion in 2025, said Viet.

Data of the Ministry of Industry and Trade indicates that the local beverage industry could grow 5% in 2018. This is also the average growth rate of the sector in the past five years.

Around 10 years ago, the sector recorded annual growth of more than 10%.

Heineken Vietnam Brewery and Saigon Beer, Alcohol and Beverage Corporation are the dominant brewers in Vietnam, according to Viet.

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