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BMI's Executive Summary[TOP] The last quarter of 2007 saw foreign direct investment continue to flood into Vietnam's food and beverage sectors; notable events from the three-month period including South Korean giant Lotte Confectionery's acquisition of a 30% stake in local snack food producer Bibica and Japanese conglomerate Sojitz Corporation's purchase of a 25% interest in food and drink importer and distributor Huong Thuy Corporation. These investments have been backed up by sustained inflows into the country's organised grocery retail and alcoholic drinks industries. Much of the motivation for this investment is obvious; BMI is forecasting sales growth in Vietnam's mass grocery retail sector of a phenomenal 121.8% to 2012, while value sales in the alcoholic drinks industry are forecast to increase by a healthy 46.9% over our five-year forecast period. However, while certain consumer goods industries are experiencing exceptional growth, this is not being felt across the board. Overall food consumption in Vietnam is set to increase by just 13.5% to 2012 – a very low rate for such a high-growth economy – and annual per capita food consumption is set to stand at just US$61.52 in 2008, a consequence of Vietnam's poorer rural communities which reduce the impact of higher-spending urban groups. As a result of this still acute poverty in parts of the country – not to mention Vietnam's under-developed infrastructure and a still fairly regulated operating environment in spite of the imminence of WTO accession – Vietnam falls in just 12th place out of 14 Asia Pacific markets analysed in BMI's new Food and Drink Business Environment Ratings. The country's position reflects both the limits and the risks that must be considered when investing in Vietnam's food and beverage market. However, in spite of these risks investors continue to flock to Vietnam, with many viewing the country as one of the few viable, truly explosive long-term growth opportunities still left in what is a fast-crowding global market. With less risky emerging markets now looking fairly mature, particularly to latecomers, expansionary multinationals are increasingly willing to take greater risks in search of long-term opportunities. |
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Contents[TOP] Chapter 1 – Business EnvironmentRetail Business Environment Rankings Table: Asia Pacific Business Environment Rankings SWOT Analysis Vietnam Food & Drink Industry SWOT Macroeconomic Analysis Table: Vietnam - Economic Activity Chapter 2 – RetailRegional Overview – Private Labelling in Asia Pacific Table: Assessment Of Private Label Qualities – By Region Table: Leading Private Label Categories By Market Share & Annual Growth Rate Industry Forecast Scenario Table: Vietnam MGR Indicators Value Sales by Format – Historical Data & Forecasts Industry Developments Company Developments Market Overview Table: Structure of Vietnam's Mass Grocery Retail Market by Number of Outlets Table: Structure of Vietnam's Mass Grocery Retail Market – Sales Value by Format (US$mn) Table: Average Sales per Outlet by Format (US$mn) - 2005 Chapter 3 – Food & DrinkRegional Overview – Dairy in Asia Table: Per-Capita Dairy Consumption (kg) & Consumption Growth In Selected Asian Markets Table: Milk Production (000 tonnes) & Production Growth In Selected Asian Markets Table: Dairy Production (000 tonnes) Forecasts In Selected Asian Markets Industry Forecast Scenario Table: Food Consumption Indicators – Historical Data & Forecasts Industry Developments Company Developments Market Overview Table: Vietnam Agricultural Sub-Sector Production – Historical Data Chapter 4 – TobaccoIndustry Forecast Scenario Table: Cigarette Value/Volume Sales – Historical Data & Forecasts Industry Developments Company Developments Market Overview Chapter 5 – Competitive LandscapeKey Players Table: Key Players in Vietnam's Mass Grocery Retail Sector – 2005 Table: Key Players in Vietnam's Food & Drink Sector – 2005 Regional Company Case Studies Key Players Table: Key Players In Australia’s MGR Sector – 2005 Table: Key Players In Australia’s Food & Drink Sector – 2005 Asia Pacific Regional Company Case Studies AEON in Asia Pacific Table: AEON Five-year Financials (JPYmn) Table: Speciality Store Network (as at February 20 2006) Coca-Cola Amatil in Asia Pacific Table: Coca-Cola Amatil Five-Year Financials Table: Coca-Cola Amatil Market Share By Country And By Beverage Sub-sector – As At Year-End 2005 Table: SPC Ardmona Market Share By Product Category Heineken In Asia Pacific Table: Heineken – Brands Distributed In The Asia Pacific Region Table: Contribution Of Asia Pacific Region To Heineken 2005 Financial Performance Kraft In Asia Pacific Table: 2005 Kraft Global Facts Company Analysis Groupe Bourbon Saigon Co-op Metro Cash & Carry Vietnam Vietnam Dairy Products Corporation (Vinamilk) San Miguel Purefoods Vietnam Co Ltd BMI Forecast Modelling How We Generate Our Industry Forecasts Retail Industry Sources |
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Competitive Landscape for Asia Food & Drink Reports: Sample of
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* AEON * Ajinomoto * Asia Pacific Breweries Ltd * British American Tobacco * CP 7-Eleven Co Ltd * Casino Group – Big C * Carlsberg * Carrefour * China National Cereals Oils and Foodstuffs Corp * Coca-Cola * Coles Myer * Daiei * Dairy Farm International * Golden Resources * Indofood * Japan Tobacco Inc * Lottemart * Matahari Putra Prima * Metcash |
* METRO Cash & Carry * Nestle * NTUC Fairprice * Philipinas Makro Inc * San Miguel Purefoods * Seiyu * Seven & I Holdings * Swire Coca-Cola * Taiwan Tobacco & Liquor Corp * Tata Tea Ltd * Thai Asia Pacific Brewery * Thai President Foods * Uniliver * Uni-President Chain Store * Utility Stores Corporation * Vinamilk * Vitasoy International * Wal-Mart * Woolworths |
[TOP]
BMI's Asian Food Reports are based on an extensive network of multilateral organisations, government departments, food industry associations, chambers of commerce and company reports. Information sources include:
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