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Update news beer market
After two years of the pandemic, the beer industry has begun recovering as restaurants, eateries, karaoke parlours and hotels have reopened.
Anheuser-Busch InBev and SAB Beer announced their merger in Viet Nam on January 12 following the approval of the Ministry of Industry and Trade.
The competition in the beer market is no longer healthy as 'dirty tricks' have been used to win over rivals and obtain market share.
Vietnam’s beer market would have great changes in 2020 as the country has always been a potential market for domestic and foreign beer enterprises.
The rate of alcohol use in Vietnam is at an alarming level with the average Vietnamese consuming approximately 6.6 litres of alcoholic drinks on an annual basis, according to Deputy Minister of Health Nguyen Truong Son.
VietNamNet Bridge - A lucrative beer market with expected high growth rates is the driving force for foreign investors to acquire a stake in Sabeco, the largest Vietnamese brewer.
VietNamNet Bridge - Brewers and pubs are thriving thanks to Vietnamese wine and beer consumption.
Officials of the Ministry of Industry and Trade have said that the State will either own less than 50% of charter capital or withdraw all capital from two giant beverage corporations Sabeco and Habeco.
Beverage companies seek to delay until the beginning of 2017 the application of amended regulations on calculating their special consumption tax, claiming they need more time to adjust their production plans.
Vietnamese people spent at least US$3.1 billion for drinking 3.14 billion liters of beer in 2014, excluding imported beer, according to the Vietnam Beverages Association (VBA) released today.
VietNamNet Bridge – It is highly possible that breweries would be listed as a conditional business field, which means that it will pay high taxes and be put under strict control of state management agencies.
VietNamNet Bridge – Beer manufacturers believe the requirement that they need to stamp their products will increase their production costs and weaken competitiveness.
VietNamNet Bridge – Policymakers differ on whether to develop the domestic beer market because of varying figures about beer consumption in Vietnam.
VietNamNet Bridge – Despite the economic recession and the GDP growth slowdown, Vietnam’s brewery industry has still been growing steadily by 10 percent per annum, because it has a vast domestic market.