Vietnam Beverages Comprehensive Report Q1/2020
VIETNAM BEVERAGE INDUSTRY
In 2019, Vietnam has a total beer production of 5.08 billion liters (an increase of 22.9% over the same period in 2018); consumption reached 4.09 billion liters (up 29.1% over the same period last year). Regarding imports, the imported beer output reached 37.07 million liters (up 8.9% over the same period), the three main sources of beer supply in Vietnam are the Netherlands (25%), Mexico (17%) and Belgium (16%). Spirits: Production of spirits reaches 24.01 million liters (up 8.6%); consumption reached 15.9 million liters (up 8.97%); Inventory of 17.33 million liters. Wine: Wine production reached 62.39 million liters (up 8.82%); sales reached 60.9 million liters (up 8.83%), inventories were 13.4 million liters. Beverage: in 2019, beverage production in Vietnam reached 11.81 billion liters (up 31% compared to 2018), consumption reached 11.72 billion liters (up 30% compared to 2018), worth VND 38.86 trillion (up 39.2% over the same period last year.
Decree 100 on the Prevention of Alcohol Harms, issued on January 1, 2020, will strongly affect Vietnam's beer industry, forecasting the growth rate of the beer industry in
The year will not be maintained at 2 digits as in previous years.
In 2019, Vietnam has a total beer production of 5.08 billion liters (an increase of 22.9% over the same period in 2018); consumption reached 4.09 billion liters (up 29.1% over the same period last year). Regarding imports, the imported beer output reached 37.07 million liters (up 8.9% over the same period), the three main sources of beer supply in Vietnam are the Netherlands (25%), Mexico (17%) and Belgium (16%). Spirits: Production of spirits reaches 24.01 million liters (up 8.6%); consumption reached 15.9 million liters (up 8.97%); Inventory of 17.33 million liters. Wine: Wine production reached 62.39 million liters (up 8.82%); sales reached 60.9 million liters (up 8.83%), inventories were 13.4 million liters. Beverage: in 2019, beverage production in Vietnam reached 11.81 billion liters (up 31% compared to 2018), consumption reached 11.72 billion liters (up 30% compared to 2018), worth VND 38.86 trillion (up 39.2% over the same period last year.
Decree 100 on the Prevention of Alcohol Harms, issued on January 1, 2020, will strongly affect Vietnam's beer industry, forecasting the growth rate of the beer industry in
The year will not be maintained at 2 digits as in previous years.
Abbreviations
Executive summary
1 BUSINESS ENVIRONMENT
1.1 Macroeconomic context
1.2 Legal Framework
1.3 Trade agreements
2 INDUSTRY OVERVIEW
2.1 Global market
2.1.1 Beer
2.1.2 Wine
2.1.3 Soft Drink
2.2 Vietnam market
2.2.1. Beer
2.2.2 Spirit
2.2.3 Soft Drink
2.3 Risk Analysis
3.2.1 SWOT analysis
2.3.2 Competitiveness analysis
2.3.3. Business risk
2.4 Industrial Development Planning
2.5 Planning and prediction
3 ENTERPRISE ANALYSIS
3.1 Profitability
3.2 Operability
3.3 Financial strength
3.4 Profit margin
4 FINANCIAL STATEMENT APPENDIX
Executive summary
1 BUSINESS ENVIRONMENT
1.1 Macroeconomic context
1.2 Legal Framework
1.3 Trade agreements
2 INDUSTRY OVERVIEW
2.1 Global market
2.1.1 Beer
2.1.2 Wine
2.1.3 Soft Drink
2.2 Vietnam market
2.2.1. Beer
2.2.2 Spirit
2.2.3 Soft Drink
2.3 Risk Analysis
3.2.1 SWOT analysis
2.3.2 Competitiveness analysis
2.3.3. Business risk
2.4 Industrial Development Planning
2.5 Planning and prediction
3 ENTERPRISE ANALYSIS
3.1 Profitability
3.2 Operability
3.3 Financial strength
3.4 Profit margin
4 FINANCIAL STATEMENT APPENDIX
LIST OF FIGURES
Figure 1: Total population and working age population 2013–2018
Figure 2: GDP growth rate by quarter, 2016 – 2019
Figure 3: Consumer confidence index, Q1/2014 - Q4/2018
Figure 4: CPI movement by month, 1/2015-12/2019
Figure 5: Retail sales of goods, 2010 - 2019
Figure 6: Total disposable income, 2010–2020f
Figure 7: Enterprises in the manufacture of Beer industry
2010–2016
Figure 8: Profit before tax ratio of Beverage industry
2010–2016
Figure 9: Beverage industry’s production growth rate
2011–2017
Figure 10: Global Barley Production and Consumption, 10/11–18/19e
Figure 11: Barley’s price movements in the UK 1/2012-6/2019
Figure 12: Market Share of the 5 largest barley producing countries 2018/2019e
Figure 13: Barley consumption for Malt processing worldwide, 10/11–18/19
Figure 14: Global malt export volume and value
2011 - 2018
Figure 15: Global Hops growing area and production
2008–2018e
Figure 16: Hops Price in Washington, D.C. 1982–2018
Figure 17: Market share of 5 largest hops producing countries 2018
Figure 18: Market share of 5 largest hops exporting countries 2018e
Figure 19: Hops export quantity in 2011–2018e
Figure 20: Global beer production and consumption, 2010–2017e
Figure 21: Global Beer export volume and value, 2010–2017
Figure 22: Market share of top largest beer brand, 2018
Figure 23: Vineyard surface area, 2005–2018e
Figure 24: Grape production, 2010 – 2018
Figure 25: Market share of 5 largest wine producing countries 2018e
Figure 26: Global wine production and consumption, 2005–2018e
Figure 27: Market share of 5 largest wine consuming countries, 2018
Figure 28: Wine export quantity and value 2000–2018e
Figure 29: Strong spirit consumption, 2017-2023f
Figure 30: Top largest strong spirit importing countries 2018
Figure 31: Soft drink export volume and value 2010-2017e
Figure 32: Global soft drink consumption through off-trade channel, 2012 - 2017
Figure 33: Soft drink consumption by volume, 2017
Figure 34: Carbonated soft drink
Figure 35: Energy drink and Sport drink
Figure 36: Fruit juice
Figure 37: Bottled water
Figure 38: Vietnam’s beverage market, 2013-2019
Figure 39: Beverage import - export 2013-2019
Figure 40: Malt exports to Vietnam, 2013-2018
Figure 41: Main Malt exporting regions to Vietnam, 2018e
Figure 42: Vietnam Hops Import, 2013 -2018
Figure 43: Vietnam’s hops supply source 2018
Figure 44: Production and consumption of the beer industry 2010-2019
Figure 45: Beer industry ‘s sales, 2019
Figure 46: Enterprises’ domestic market share 2018
Figure 47: Top Beer brands in Vietnam, 2018
Figure 48: Beer industry’s inventory 2011 – 2019
Figure 49: Beer industry’s inventory structure, 2019
Figure 50: Beer import - export, 2010 – 2019
Figure 51: Beer exports by country, 2019
Figure 52: Beer imports by country, 2019
Figure 53: Top 10 Beer exporting enterprises in Vietnam 2019e
Figure 54: Top 10 enterprises importing Beer from Vietnam 2019e
Figure 55: Top Beer importing enterprises in Vietnam, 2019e
Figure 56: Top enterprises exporting Beer to Vietnam, 2019e
Figure 57: Beer consumption via distribution channel 2013 - 2018
Figure 58: Domestic alcohol production 2010-2019e
Figure 59: Domestic alcohol c?numption 2010-2019e
Figure 60: Alcohol industry’s inventories, 2012-2019
Figure 61: Market share of Wine producing enterprises 2018
Figure 62: Market share of Wine brands by output 2018
Figure 63: Market share of Spirits producing enterprises, 2018
Figure 64: Market share of Spirits brands, 2018
Figure 65: Wine import-export 2013-2019
Figure 66: Wine importing into Vietnam by country, 2019
Figure 67: Vietnam’s Wine exporting by country, 2019
Figure 68: Top 10 Wine importing enterprises in Vietnam 2019e
Figure 69: Top 10 Wine exporting enterprises in Vietnam 2019e
Figure 70: Top 10 enterprises exporting wine to Vietnam 2019e
Figure 71: Top 10 enterprises importing wine from Vietnam 2019e
Figure 72: Spirits import-export 2013-2019
Figure 73: Spirits import by country 2019
Figure 74: Spirits exporting to Vietnam by country, 2019
Figure 75: Top 10 Spirits importing enterprises in Vietnam 2019e
Figure 76: Top 10 Spirits exporting enterprises in Vietnam 2019e
Figure 77: Top 10 enterprises exporting Spirits to Vietnam 2019e
Figure 78: Top 10 enterprises importing Spirits from Vietnam 2019e
Figure 79: Beverage production and consumption, 2013-2019
Figure 80: Beverage consumption (by volume) 2019
Figure 81: Beverage industry’s inventories 2010-2019
Figure 82: Inventories by product line 2019
Figure 83: Market share of Vietnamese Beverage enterprises, 2018
Figure 84: Market share of Beverage products, 2018
Figure 85: Fruit import-export 2013-2019
Figure 86: Importing fruit juice into Vietnam by country 2019
Figure 88: Exporting fruit juice into Vietnam by country 2019
Figure 89: Top 10 fruit juice exporting enterprises in Vietnam, 2019e
Figure 90: Top 10 fruit juice importing enterprises in Vietnam, 2019e
Figure 91: Top 10 enterprises exporting fruit juice to Vietnam, 2019e
Figure 92: Top 10 enterprises importing fruit juice from Vietnam, 2019e
Figure 93: Soft drink import -export
Figure 94: Importing soft drink into Vietnam by country, 2019
Figure 95: Exporting soft drink into Vietnam by country, 2019
Figure 96: Top 10 soft drink importing enterprises in Vietnam, 2019e
Figure 97: Top 10 soft drink exporting enterprises in Vietnam, 2019e
Figure 98: Top 10 enterprises exporting soft drink to Vietnam, 2019e
Figure 99: Top enterprises importing soft drink from Vietnam, 2019e
Figure 100: Forecasts of Vietnam’s beer consumption volume 2019-2022f
Figure 101: Forecasts of Vietnam’s alcohol consumption volume 2019-2022f
Figure 102: Forecasts of beverage industry’s sale 2020-2022f
Figure 103: Enterprises’ revenue 2017 - 2018
Figure 104: G&A expenses to net sales ratio, 2017-2018
Figure 105: Costs of goods sold to net sales, 2017-2018
Figure 106: Enterprises’ receivable days 2018
Figure 107: Enterprises’ inventory turnover 2018
Figure 108: Beverage enterprises’ asset turnover 2018
Figure 109: Beverage enterprises’ solvency 2018
Figure 110: Beverage enterprises’ liquidity 2018
Figure 111: Rate of return 2017-2018
Figure 1: Total population and working age population 2013–2018
Figure 2: GDP growth rate by quarter, 2016 – 2019
Figure 3: Consumer confidence index, Q1/2014 - Q4/2018
Figure 4: CPI movement by month, 1/2015-12/2019
Figure 5: Retail sales of goods, 2010 - 2019
Figure 6: Total disposable income, 2010–2020f
Figure 7: Enterprises in the manufacture of Beer industry
2010–2016
Figure 8: Profit before tax ratio of Beverage industry
2010–2016
Figure 9: Beverage industry’s production growth rate
2011–2017
Figure 10: Global Barley Production and Consumption, 10/11–18/19e
Figure 11: Barley’s price movements in the UK 1/2012-6/2019
Figure 12: Market Share of the 5 largest barley producing countries 2018/2019e
Figure 13: Barley consumption for Malt processing worldwide, 10/11–18/19
Figure 14: Global malt export volume and value
2011 - 2018
Figure 15: Global Hops growing area and production
2008–2018e
Figure 16: Hops Price in Washington, D.C. 1982–2018
Figure 17: Market share of 5 largest hops producing countries 2018
Figure 18: Market share of 5 largest hops exporting countries 2018e
Figure 19: Hops export quantity in 2011–2018e
Figure 20: Global beer production and consumption, 2010–2017e
Figure 21: Global Beer export volume and value, 2010–2017
Figure 22: Market share of top largest beer brand, 2018
Figure 23: Vineyard surface area, 2005–2018e
Figure 24: Grape production, 2010 – 2018
Figure 25: Market share of 5 largest wine producing countries 2018e
Figure 26: Global wine production and consumption, 2005–2018e
Figure 27: Market share of 5 largest wine consuming countries, 2018
Figure 28: Wine export quantity and value 2000–2018e
Figure 29: Strong spirit consumption, 2017-2023f
Figure 30: Top largest strong spirit importing countries 2018
Figure 31: Soft drink export volume and value 2010-2017e
Figure 32: Global soft drink consumption through off-trade channel, 2012 - 2017
Figure 33: Soft drink consumption by volume, 2017
Figure 34: Carbonated soft drink
Figure 35: Energy drink and Sport drink
Figure 36: Fruit juice
Figure 37: Bottled water
Figure 38: Vietnam’s beverage market, 2013-2019
Figure 39: Beverage import - export 2013-2019
Figure 40: Malt exports to Vietnam, 2013-2018
Figure 41: Main Malt exporting regions to Vietnam, 2018e
Figure 42: Vietnam Hops Import, 2013 -2018
Figure 43: Vietnam’s hops supply source 2018
Figure 44: Production and consumption of the beer industry 2010-2019
Figure 45: Beer industry ‘s sales, 2019
Figure 46: Enterprises’ domestic market share 2018
Figure 47: Top Beer brands in Vietnam, 2018
Figure 48: Beer industry’s inventory 2011 – 2019
Figure 49: Beer industry’s inventory structure, 2019
Figure 50: Beer import - export, 2010 – 2019
Figure 51: Beer exports by country, 2019
Figure 52: Beer imports by country, 2019
Figure 53: Top 10 Beer exporting enterprises in Vietnam 2019e
Figure 54: Top 10 enterprises importing Beer from Vietnam 2019e
Figure 55: Top Beer importing enterprises in Vietnam, 2019e
Figure 56: Top enterprises exporting Beer to Vietnam, 2019e
Figure 57: Beer consumption via distribution channel 2013 - 2018
Figure 58: Domestic alcohol production 2010-2019e
Figure 59: Domestic alcohol c?numption 2010-2019e
Figure 60: Alcohol industry’s inventories, 2012-2019
Figure 61: Market share of Wine producing enterprises 2018
Figure 62: Market share of Wine brands by output 2018
Figure 63: Market share of Spirits producing enterprises, 2018
Figure 64: Market share of Spirits brands, 2018
Figure 65: Wine import-export 2013-2019
Figure 66: Wine importing into Vietnam by country, 2019
Figure 67: Vietnam’s Wine exporting by country, 2019
Figure 68: Top 10 Wine importing enterprises in Vietnam 2019e
Figure 69: Top 10 Wine exporting enterprises in Vietnam 2019e
Figure 70: Top 10 enterprises exporting wine to Vietnam 2019e
Figure 71: Top 10 enterprises importing wine from Vietnam 2019e
Figure 72: Spirits import-export 2013-2019
Figure 73: Spirits import by country 2019
Figure 74: Spirits exporting to Vietnam by country, 2019
Figure 75: Top 10 Spirits importing enterprises in Vietnam 2019e
Figure 76: Top 10 Spirits exporting enterprises in Vietnam 2019e
Figure 77: Top 10 enterprises exporting Spirits to Vietnam 2019e
Figure 78: Top 10 enterprises importing Spirits from Vietnam 2019e
Figure 79: Beverage production and consumption, 2013-2019
Figure 80: Beverage consumption (by volume) 2019
Figure 81: Beverage industry’s inventories 2010-2019
Figure 82: Inventories by product line 2019
Figure 83: Market share of Vietnamese Beverage enterprises, 2018
Figure 84: Market share of Beverage products, 2018
Figure 85: Fruit import-export 2013-2019
Figure 86: Importing fruit juice into Vietnam by country 2019
Figure 88: Exporting fruit juice into Vietnam by country 2019
Figure 89: Top 10 fruit juice exporting enterprises in Vietnam, 2019e
Figure 90: Top 10 fruit juice importing enterprises in Vietnam, 2019e
Figure 91: Top 10 enterprises exporting fruit juice to Vietnam, 2019e
Figure 92: Top 10 enterprises importing fruit juice from Vietnam, 2019e
Figure 93: Soft drink import -export
Figure 94: Importing soft drink into Vietnam by country, 2019
Figure 95: Exporting soft drink into Vietnam by country, 2019
Figure 96: Top 10 soft drink importing enterprises in Vietnam, 2019e
Figure 97: Top 10 soft drink exporting enterprises in Vietnam, 2019e
Figure 98: Top 10 enterprises exporting soft drink to Vietnam, 2019e
Figure 99: Top enterprises importing soft drink from Vietnam, 2019e
Figure 100: Forecasts of Vietnam’s beer consumption volume 2019-2022f
Figure 101: Forecasts of Vietnam’s alcohol consumption volume 2019-2022f
Figure 102: Forecasts of beverage industry’s sale 2020-2022f
Figure 103: Enterprises’ revenue 2017 - 2018
Figure 104: G&A expenses to net sales ratio, 2017-2018
Figure 105: Costs of goods sold to net sales, 2017-2018
Figure 106: Enterprises’ receivable days 2018
Figure 107: Enterprises’ inventory turnover 2018
Figure 108: Beverage enterprises’ asset turnover 2018
Figure 109: Beverage enterprises’ solvency 2018
Figure 110: Beverage enterprises’ liquidity 2018
Figure 111: Rate of return 2017-2018
LIST OF TABLES
Table 1: The special consumption tax schedule applies to Alcohol and Beer from 2016
Table 2: Vietnam’s commitments to CPTPP on import duties:
Table 3: Beer output and production growth rate in 7 regions in the world 2017e
Table 4: List of top countries by Beer import and export value 2018
Table 5: 10 Beer brands with highest value worldwide 2018–2019f
Table 6: Top 5 countries with largest vineyard surface area outside the EU
Table 7: Top 5 countries with largest vineyard surface area in the EU 2018
Table 8: Total grape output by country 2018
Table 9: Top 5 Wine producing countries, 2017–2018
Table 10: Top Wine consuming countries, 2017- 2018
Table 11: Top Wine exporting countries, 2017 - 2018
Table 12: Top Wine importing countries, 2017 - 2018
Table 13: The world’s most famous wine brands 2016
Table 14: The world’s most famous wines 2016
Table 15: 10 Soft drink brand with highest value in the world 2017–2018
Table 16: Malt and Hops Imports 2010-2017
Table 17: Forecast of consumption value of sub-sectors (including domestic and imported products), 2018-2020
Table 18: List of 10 star enterprises in the Beverage industry
Table 1: The special consumption tax schedule applies to Alcohol and Beer from 2016
Table 2: Vietnam’s commitments to CPTPP on import duties:
Table 3: Beer output and production growth rate in 7 regions in the world 2017e
Table 4: List of top countries by Beer import and export value 2018
Table 5: 10 Beer brands with highest value worldwide 2018–2019f
Table 6: Top 5 countries with largest vineyard surface area outside the EU
Table 7: Top 5 countries with largest vineyard surface area in the EU 2018
Table 8: Total grape output by country 2018
Table 9: Top 5 Wine producing countries, 2017–2018
Table 10: Top Wine consuming countries, 2017- 2018
Table 11: Top Wine exporting countries, 2017 - 2018
Table 12: Top Wine importing countries, 2017 - 2018
Table 13: The world’s most famous wine brands 2016
Table 14: The world’s most famous wines 2016
Table 15: 10 Soft drink brand with highest value in the world 2017–2018
Table 16: Malt and Hops Imports 2010-2017
Table 17: Forecast of consumption value of sub-sectors (including domestic and imported products), 2018-2020
Table 18: List of 10 star enterprises in the Beverage industry
