News & Opinions Home
Market Place
Business Wire
Research and Markets: The Latest Vietnam Food and Drink Report Predicts the Convenience Retail Sector to Grow by 81% and Beer Volumes to Grow by 56% b
Saturday June 27, 12:09 AM
Research and Markets (http://www.researchandmarkets.com/research/360b90/vietnam_food_and_d)
has announced the addition of the "Vietnam
Food and Drink Report Q3 2009" report to their offering.
The Vietnam Food Drink Report provides independent forecasts and
competitive intelligence on Vietnam's food and drink industry.
While the Vietnamese economy will not be immune to the current global
recession, the outlook appears promising. There are forecasts of real
GDP growth of 2.9% in 2009; while this is a downward revision from our
previous forecast of 5%, we expect Vietnam to outperform much of Asia in
2009-2010, returning to rapid growth by 2011. This positivity is
reflected in some of the industry activity seen in the country this
quarter, as discussed in this newly published Vietnam Food and Drink
Report for Q309.
Vietnam's mass grocery retail (MGR) sector has witnessed the most
activity this quarter. In April 2009, Japanese convenience retailer
FamilyMart announced its intention to open its first Vietnamese outlet
in Ho Chi Minh City in September, in partnership with local distribution
company Phu Thai. Although the convenience retail sector is expected to
be the slowest-growing format in the country over the forecast period,
growth is still expected to be an impressive 81.7% to 2013, and
FamilyMart is hoping to establish a strong foothold in the country
before demand for the convenience format really takes off. Staying with
retail, this quarter has also seen Saigon Co-op announce plans to expand
its supermarket chain from 35 stores to approximately 50 by the end of
the year. Supermarket sales are forecast to increase by 97.4% to 2013
and Saigon Co-op is hoping to take advantage of this.
Moving to the drinks industry, in March 2009 Anglo-South African brewer
SABMiller bought out local partner Vietnam Dairy Products Joint Stock
Company (Vinamilk) leaving the former free to pursue its own strategy.
SABMiller is expected to invest heavily in its Vietnamese unit,
particularly as beer volumes are expected to increase by 56.1% to 2013.
Following the buy-out, Vinamilk is feeling positive and plans to focus
its efforts on the domestic dairy industry. However, despite posting
positive Q109 revenues of US$118.8mn, the company has revised down its
2009 net profit target by 3.5% to US$84mn, reflecting the pressures that
producers face.
Meanwhile, the country's food-processing sector received confirmation
from the Asian Development Bank (ADB) that it would receive a loan of
US$95mn in order to better equip its food industry to adhere to health,
safety and quality requirements needed to enable it to integrate with
international markets. These efforts will help to boost Vietnam's image
in the country's all-important export market. Activity this quarter
underlines the fact that Vietnam is still an attractive investment
opportunity despite the current global recession.
Key Topics Covered:
EXECUTIVE SUMMARY
SWOT ANALYSIS
FOOD
Industry Forecast Scenario
Food Consumption
Canned Food
Confectionery
Trade
Industry Developments
Market Overview
Agriculture
Food Processing
Food Consumption
DRINK
Industry Forecast Scenario
Alcoholic Drinks
Soft Drinks
Coffee
Industry Developments
Market Overview
Soft Drinks
Alcoholic Drinks
RETAIL
Industry Forecast Scenario
Industry Developments
COMPETITIVE LANDSCAPE
Key Players
Food and Drink
Mass Grocery Retail
Company Analysis
Food
Drink
Mass Grocery Retail
APPENDIX
AGRICULTURAL COMMODITY PRICE FORECASTS
COUNTRY SNAPSHOT: VIETNAM DEMOGRAPHIC DATA
Section 1: Population
Section 2: Education and Healthcare
Section 3: Labour Market and Spending Power
FOOD & DRINK BUSINESS ENVIRONMENT RATINGS
Ratings Methodology
Ratings Overview
Ratings System
Indicators
Limits Of Potential Returns
Risks To Realisation Of Potential Returns
Weighting
BMI FOOD & DRINK INDUSTRY GLOSSARY
BMI FOOD & DRINK FORECASTING & SOURCING
Companies Mentioned:
Vietnam Dairy Products Joint Stock Company (Vinamilk)
San Miguel Purefoods Vietnam Co Ltd
Saigon Beer Alcohol and Beverage Corporation (Sabeco)
Carlsberg
Metro Cash & Carry
Saigon Co-op
For more information visit http://www.researchandmarkets.com/research/360b90/vietnam_food_and_d
Contact:Laura WoodSenior Managerpress@researchandmarkets.comFax
from USA: 646-607-1907Fax from rest of the world: +353-1-481-1716
Next Article: Research and Markets: A Comprehensive Report on Processed Food Market in Vietnam
Previous article: Prysmian Announces Major New Operator Deals in Vietnam and Indonesia
Top Headlines
Abano shareholders approve sale of audiology operations
Thursday October 8, 03:03 PM - NZPA
Abano Healthcare shareholders today voted in favour of the sale of the company's New Zealand audiology operations to National .. Read More
Council suspends payments to bus company
Thursday October 8, 02:49 PM - Newstalk ZB
The Auckland Regional Council is pulling its funding from NZ Bus for the duration of the current stoppage. .. Read More
Research and Markets: Australia - Telecoms Market Analysis - Australia Leading Telecoms Beyond the Crisis
Thursday October 8, 02:00 PM - Business Wire
Research and Markets (http://www.researchandmarkets.com/research/f51d60/australia_teleco) has announced the addition o .. Read More
Calculators
Copyright © 2009 Yahoo! All rights reserved.
Yahoo!Xtra: A Yahoo!7/Telecom New Zealand Company.