Dominance of FDI Corporations in the Booming Vietnam Beverage Market: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Ken Research announced its latest publication on, “Vietnam Beverage Report 2015”, offering insights on Beverage Market in Vietnam. The publication provides a detailed analysis of the overall beverage market size in Vietnam including market share, advantages and disadvantages, internal competition etc., supply-demand situation, distribution channels and competitive scenario in the Vietnam Beverage Market. The report further reveal market drivers, opportunities, restraints, and challenges to be faced in the Vietnam market. Overview of the Beverages Market in Vietnam Looking at the History, we can see that Vietnam was once an agriculture oriented economy. However, since the initiation of “DoiMoi” socialist- economic reforms in 1986, the economy has now become a market oriented one. Also, as a result of “DoiMoi” reforms and joining the World Trade organization, Vietnam has become one of the fastest growing economy in the ASEAN region. The food and beverages sector is one of the most crucial sector in the Vietnamese economy as rising living standards of the Vietnamese population forms the basis of this sector. A large number of factors are expected to drive the growth of this sector which includes consistently rising disposable income, urbanized consumer lifestyles, consumer’s preference for convenience, safety and health. Besides these, there also has been a significant rise in the rural Vietnam’s demand for the FMCG products, driven by higher levels of disposable income which in turn will drive market growth. The Vietnamese beverage market has bright prospects with the market value expected to increase in the future. Consumer’s increasing demand for beverage products will also lead to an increase in the profits of this sector. Talking about the composition of the beverages market in Vietnam, soft drinks holds the majority of the share while hot drinks segment is the smallest. But with the rising proportion of wealthier population, the demand for hot beverages such as tea and coffee is also expected to rise significantly. The Vietnamese alcohol market shows no signs of development whereas the beer market is now showing signs of saturation. The Domestic wine market has huge potential for development while the domestic spirits market is highly underdeveloped and continues to be dominated by imports from Spain and America. Key Driving Factors in Vietnam’s Beverages Market Some of the factors expected to drive growth of the Vietnamese beverages market are: Rising Disposable incomes Changing and modernizing lifestyles Consumer’s preferences for health, convenience and safety Expanding retail and tourism industry Apart from the above demand driving factors, low labor cost, abundance of natural resources to be used as raw materials by processing industry, export processing zone projects of foreign and domestic large corporations are helpingto expand domestic production capacity and hence boost the supply. Future of the Beverages Market in Vietnam Despite the fact that the overall future of the beverages market in Vietnam is bright, it is worth a mention that the future of the local players in this sector is gloomy. Amongst the 5 largest soft drinks brands in Vietnam, Tan Hiep Phat is the only domestic firm appearing in the list with the market share of 17.4% which asserts the fact that the future position of the local players in the Vietnamese beverages market is very ambiguous. The reasons for the dominance of the FDI corporations in this sector are the day by day increasing foreign investment, FDI Corporation’s better position in terms of technology and capital as well as the distribution channels. All these factors are contributing to further weaken the position of the domestic players and intensify the competition in the Vietnamese beverages market. In the near future, the pressure for Tan Hiep Phat and other domestic firms will be very significant, as they will have to strategize their actions to increase their market share and compete with foreign soft drink corporations. Companies Covered: Saigon Beer-Alcohol-Beverage JSC. Hanoi Beer Alcohol and Beverage JSC. Vietnam Brewery Limited Company Thanh Hoa Beer JSC. Aroma Beverage JSC. AvinaA JSC. Vietnam Halico JSC. LamDong Foodstuffs JSC. Thang Long Wine JSC. URC Vietnam Company Limited Tan Hiep Phat Beverage Group Chuong Duong Beverages JSC. Coca Cola Beverages Vietnam Ltd. Dona Newtower Natural Drink And Food JSC. International Foods JSC. To know more on coverage, click on the link below: https://www.kenresearch.com/food-beverage-and-tobacco/alcoholic-beverages/vietnam-beverage-report/31965-11.html Related Reports: https://www.kenresearch.com/food-beverage-and-tobacco/alcoholic-beverages/flavored-alcoholic-beverages-consumption/32057-11.html https://www.kenresearch.com/food-beverage-and-tobacco/alcoholic-beverages/beer-market-latin-america-2019/1393-11.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Post Views: 2 Tags: Vietnam Alcoholic Beverages Industry Research, Vietnam Beer Market Revenue, Vietnam Beverages Consumption, Vietnam Beverages Market, Vietnam Beverages Market Future Outlook, Vietnam Beverages Market Size, Vietnam Non-Alcoholic Beverages Industry, Vietnam Online Retail Market, Vietnam Retail Sector, Vietnam Soft Drinks Market Research, Vietnam Sports Drinks Sector