Japanese beer companies shift attention to Vietnam in effort to boost sales and margins; Vietnamese beer sales will increase 20% to 96T dong this year, Euromonitor International predicts

Nevin Barich

Nevin Barich

Dec 22, 2011 – Industry Intelligence

LOS ANGELES , December 22, 2011 () – Japanese beer companies are shifting their attention to Vietnam in an effort to boost sales and margins, Bloomberg reported on Dec. 22.

Japan’s domestic beer sales by volume fell 18% over the past 10 years, leading Japan to look to Southeast Asia to boost sales. Vietnam is attractive to brewers because it offers a chance to tap into a younger market. Additionally, the Vietnamese market offers ease of entry due to the lack of domination by a few major brands.

Euromonitor International predicts that Vietnam beer sales will increase 20%, reaching 96 trillion dong (US$4.6 billion) this year.

Vietnam boasts a population of 90 million people whose average age is 27.8 years. The International Monetary Fund predicts that the Vietnam population will increase by 1.2%, reaching 90.4 million people in 2012.

In 2004, Sapporo, Japan’s oldest brewer, pulled out of China and increased production in Vietnam. Sapporo plans to increase beer production in Vietnam five-fold by 2019.

The average price of beer in Vietnam is 60 per 100 liters. This is significantly higher than China, where the average price of beer is 25 per 100 liters.

Vietnamese prime minister Nguyen Tan Dung said the nation is aiming for 6% growth in gross domestic product in 2012.

The primary source of this article is Bloomberg, New York, New York, on Dec. 22, 2011.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025 795

+1 (310) 558 0008
+1 (310) 558 0080 (FAX)

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.