Business Monitor International


Vietnam Food & Drink Report

Published 08 October 2014

  • 124 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Vietnam Food & Drink Report

BMI View:   We hold a positive outlook for the Vietnamese consumer, as the government targets economic growth through public spending and promoting investment and exports. We forecast real GDPP growth to come in at 6.4% in 2015, and we continue to believe that the economy will be driven by growth supportive government policies, as well as a strong outlook for foreign investment and exports. That said , our Country Risk team has recently revised down its forecast for Vietnamese economic growth in 2015, and political risks remain in the form of Chinese tensions, which we believe will continue for some time.

Headline Industry Data

  • 2014 total food consumption (local currency) growth: +19.2%; compound annual growth rate (CAGR) 2014 to 2018: +15.5%.

  • 2014 per capita food consumption (local currency) growth: +18.1%; CAGR to 2018: +14.7%.

  • 2014 alcoholic drinks value (local currency) sales growth: +12.0%; CAGR to 2018: +8.7%.

  • 2014 soft drinks value (local currency) sales growth: +10.5%; CAGR to 2018: +7.5%.

  • 2014 MGR sales (local currency) growth: +13.3%; compound annual growth rate (CAGR) 2014 to 2018: +9.9%.

Key Industry Trends

In early August 2014, the German cash-and-carry retailer Metro is planning to sell its Vietnam business, potentially pulling in EUR1.75bn. The decision to leave Vietnam is driven by the need to re-focus on its core Europe business and strengthen its balance sheet, rather than being based on any major structural issues or re-rating in the growth profile of the organised food retail sector. Like some of the other major European retailers, namely Carrefour and Tesco, Metro has had to rein in spending internationally over the past two to three years as retail sales across Western Europe have remained weak while, more recently, Russia, one of Metro's key markets, has slowed down in 2014. We still see Vietnam as one of South-East Asia's best retail opportunities.

Vietnam will benefit from Russia's ban on agricultural imports from...

Table of Contents

BMI Industry View
7
SWOT
9
Food
9
Drink
11
Mass Grocery Retail
13
Industry Forecast
15
Consumer Outlook
15
Food
17
Food Consumption
17
Table: Food Consumption Indicators - Historical Data & Forecasts, 2011-2018
19
Canned Food
20
Table: Canned Food Volume/Value Sales - Historical Data & Forecasts, 2011-2018
20
Confectionery
21
Table: Confectionery Value/Volume Sales - Historical Data & Forecasts, 2011-2018
22
Pasta
24
Table: Pasta Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
24
Dairy
26
Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
27
Drink
28
Alcoholic Drinks
28
Table: Alcoholic Drinks Volume/Value Sales - Historical Data & Forecasts, 2011-2018
30
Hot Drinks
33
Table: Hot Drinks Value Sales - Historical Data & Forecasts, 2011-2018
33
Soft Drinks
34
Table: Soft Drinks Value/Volume Sales - Historical Data & Forecasts, 2011-2018
35
Mass Grocery Retail
37
Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts, 2011-2018
40
Table: Grocery Retail Sales By Format (%)
41
Trade
42
Table: Food and Drink Trade Indicators - Historical Data & Forecasts, 2011-2018
42
Macroeconomic Forecast
44
Economic Analysis
44
Table: Foreign Direct Investment By Country Of Origin (Top Five)
48
Table: Vietnam - Economic Activity
49
Industry Risk Reward Ratings
50
Asia Pacific Risk/Reward Ratings
50
Table: Asia Pacific Food & Drink Risk/Reward Ratings Q314
52
Table: Asia Pacific Food & Drink Risk/Reward Sub-Factor Ratings Q314 (scores out of 10)
55
Vietnam Risk/Reward Ratings
56
Market Overview
58
Food
58
Agriculture
58
Food Processing
58
Food Consumption
59
Drink
59
Hot Drinks
59
Soft Drinks
60
Alcoholic Drinks
61
Mass Grocery Retail
63
Table: Structure Of Vietnam's Mass Grocery Retail Market By Estimated Number Of Outlets
64
Industry Trends And Developments
65
Food
65
Key Industry Trends And Developments
65
Drink
70
Key Industry Trends And Developments
70
Mass Grocery Retail
78
Key Industry Trends And Developments
78
Competitive Landscape
85
Table: Key Players In Vietnam's Food Sector
85
Table: Key Players In Vietnam's Drink Sector
85
Table: Key Players In Vietnam's Mass Grocery Retail Sector
86
Company Profile
88
Vietnam Dairy Products Joint Stock Company (Vinamilk)
88
Unilever Vietnam
92
Nestl- Vietnam
95
Masan Consumer
98
San Miguel Pure Foods Vietnam Co Ltd
101
Hanoi Beer Alcohol Beverage Corp (Habeco)
103
Saigon Beer Alcohol And Beverage Corporation (Sabeco)
106
Carlsberg
108
Metro Cash & Carry Vietnam
110
Saigon Co-op
113
Global Industry Overview
116
Table: Food And Drink Core Views
128
Demographic Forecast
129
Table: Vietnam's Population By Age Group, 1990-2020 ('000)
130
Table: Vietnam's Population By Age Group, 1990-2020 (% of total)
131
Table: Vietnam's Key Population Ratios, 1990-2020
132
Table: Vietnam's Rural And Urban Population, 1990-2020
132
Glossary
133
Food & Drink
133
Mass Grocery Retail
133
Methodology
135
Industry Forecast Methodology
135
Sector-Specific Methodology
136
Sources
136
Risk/Reward Rating Methodology
137
Table: Food & Drink Risk/Reward Rating Indicators
138
Table: Weighting
139

The Vietnam Food & Drink Report features Business Monitor International (BMI)'s market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's Vietnam Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Vietnam.

Key Benefits

  • Benchmark BMI's independent food and drink industry forecasts for Vietnam to test other views - a key input for successful budgeting and strategic business planning in the Vietnamese food and drink market.
  • Target business opportunities and risks in Vietnam through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, and views, covering food and drink manufacturing and consumption and the retail market.

Business Environment Rankings

BMI's Food & Drink Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors, food and drink manufacturers and mass grocery retailers.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data points.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the food, drink and mass grocery retail sectors, and within the broader political, economic and business environment.

Food Forecasts

BMI's food chapter is divided into sections such as Meat, Fish, Confectionary, Dairy and Canned Foods, and provides insight into a market's food industry, centred on a forecast to end-2018 for the sector. The chapter includes the following elements:

Industry Forecast Scenario - Historical data series and forecasts to end-2018 for growth of key indicators within a market's food industry. Including consumption, food consumption as % of GDP, canned food sales, confectionery sales and food and drink imports and exports, among others.

Industry Developments - A summary of corporate developments, including news on M&As, FDI, expansions, closures and financial results, in addition to analysis and explanation of the latest industry events and how these could influence further investment.

Market Overview - An overview of the structure of the market, introducing the key players and discussing underlying trends.

Drink Forecasts

Segmented the same way as BMI's food chapter, the drink section provides insight into the market's drink industry, centred on a forecast to end-2018 for the sector. Forecast indicators include alcoholic and soft drink sales by value, volume and sub-sector and tea and coffee sales, among others.

Mass Grocery Retail Forecasts

Segmented the same way as BMI's food and drink chapters, the mass grocery retail section provides insight into a market's grocery retail industry, centred on a forecast to end-201 for the sector. Forecast indicators include mass grocery retail sales by format (including supermarkets, hypermarkets, convenience and discount stores) and a breakdown for the organised retail sector versus the traditional sector, among others.

Competitive Landscape & Profiles

Illustration of the industry via rankings tables comparing revenues, number of outlets and number of employees. BMI analyses each company's market position, business strategies and investment potential.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc