Vietnam: Latest beverage news & analysis
When Heineken bought Carlsberg's Vung Tau brewery in southern Vietnam last month, it marked the latest in a string of investments by big brewers in the country.
Heineken's management team has been in Vietnam this week for the company's annual Financial Markets Conference. CEO Jean-François van Boxmeer called the country the "poster child" for international beer thanks to its strong demographics and growing demand. Here's a snapshot of Heineken's current position in Vietnam and how the market is developing, as outlined by Heineken's Vietnam MD, Leo Evers.
Heineken's CFO has admitted being disappointed at the group's first-quarter performance in one of its key markets, Vietnam, but said the company is still stealing marketshare in the country.
Diageo's decision to partner with Vietnam's local spirits hero, Hanoi Liquor Joint Stock Co, looks like a shrewd move, even if the financial benefits start at a trickle.
Vietnamese brewer Saigon Beer Alcohol and Beverages Corp (Sabeco) is enjoying a stellar first week as a listed company, with shares already 37% up on their initial reference price.
Suntory's soft drinks unit has unveiled plans to boost its Vietnam production by 60% over the next five years to keep pace with growth in the country.
Tetra Pak is to build a US$110m factory in Vietnam, its fourth in South and East Asia.
Vietnamese government-controlled brewery Sabeco has registered to list on the Ho Chi Minh stock exchange.
Carlsberg has confirmed it is in talks with the Vietnamese government over its stake in Hanoi Beer Alcohol & Beverage Corp (Habeco).
Sabeco's CEO has claimed that a host of international brewers are lining up to buy the Vietnamese brewery after the government decided to sell its controlling stake, according to a report.
The Coca-Cola Co has confirmed its Vietnam operations are back online after missing certification halted production of fourThe Coca-Cola Co has confirmed that its Vietnam operations are back online after missing certification halted the production of four non-core brands in the country.on-core brands.
Carlsberg has launched Tuborg in Vietnam as the Danish brewer increasingly targets Asia amid cost-savings in other markets.
Carlsberg's Vietnam unit has added a new canning line to its Hue Brewery, in Hue City, as it looks to grow business in the country.
Vietnam's beer industry is to increase output by a quarter over the next four years, the country's brewer's association has reportedly said.
In May, Heineken's CEO, Jean-François van Boxmeer, called Vietnam the "poster child" for international beer thanks to strong demographics and growing demand.
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