Local beer businesses have built more beer breweries and begun importingforeign beer brands to meet high consumption demand, industry expertssay.
During the first four months of the year, local beer businesses produced714.6 million litres of beer of various kinds, a surge of 9.2 percentover the same period last year, according to a report from the Ministryof Planning and Investment.
Market research company reports say the beer industry has reached a year-on-year growth of 15 percent.
Vietnam is one of the largest beer consumption markets in the world.
Local newspapers report that consumption of both Vietnamese and foreignbeer brands have been increasing and would continue to rise.
Because of the huge demand, many beer breweries, with a capacity ofhundreds of millions litres per year, have been built in recent years.
As of March, the Sai Gon Beer Alcohol Beverage Joint-Stock Corporation(Sabeco) opened three beer breweries in Quang Ngai and Ha Nam provincesat a cost of 2 trillion VND (96.71 million USD), with a total capacityof 300 million litres per year.
In February, Sabeco alsobegan construction on the Sai Gon – Ha Tinh Beer Company at a cost of480 billion VND (23.31 million USD), with a capacity of 50 million oflitres per year.
Sabeco has also increased the capacity ofthe Sai Gon – Cu Chi Beer Company, scheduled to open this year, to 264million of litres per year.
In addition, the project tobuild Sai Gon – Vinh Long Beer Company with a capacity of 200 million oflitres per year will start within this year and finish by 2014.
The Sai Gon – Ninh Thuan Beer Company, built last month on an area of200 ha at a cost of 680 billion VND (32.88 million USD), with acapacity of 50 million of litres per year, is expected to be operationalnext year.
Sabeco is expected to produce an additional 500 million litres of beer next year.
A report from Sabeco said the company has targeted a growth rate of 14 –16 percent in 2011–15, with output expected to increase by 13 – 15percent per year and reach 1.8 billion of litres by 2015.
Meanwhile, David Teng, executive director of Viet Nam Beer Ltd Company(VBL), told Tuoi Tre (Young People) newspaper that VBL would spend 68.1million USD to increase the capacity of the beer brewery in HCM City's District 12 from 280 million of litres per year to 420 million oflitres per year over the next 12 months.
In recent years,companies have imported many foreign beer brands. At supermarkets andretail shops, foreign beer brands are displayed for sale along withlocal beer brands.
These foreign beers, made in Mexico ,Germany , Belgium and the Netherlands , have become popular withVietnamese even though the prices are two to three times higher thanlocally made beer, according to Tuoi Tre newspaper.
Manyforeign beers are imported to HCM City via ports, with Cat LaiPort in District 2 receiving the largest amount of imported beer inthe southern region.
According to the customs branchoffice at the Sai Gon Port border-gate, beer imports last yearincreased by 50 percent over the previous year.
For at least a decade, the country has even imported many foreign beer brands that have already been produced in Vietnam .
Currently, Vietnam has about 350 beer breweries nationwide, 20 ofwhich have capacity of more than 20 million of litres a year. Fifteenhave capacity of over 15 million./.
During the first four months of the year, local beer businesses produced714.6 million litres of beer of various kinds, a surge of 9.2 percentover the same period last year, according to a report from the Ministryof Planning and Investment.
Market research company reports say the beer industry has reached a year-on-year growth of 15 percent.
Vietnam is one of the largest beer consumption markets in the world.
Local newspapers report that consumption of both Vietnamese and foreignbeer brands have been increasing and would continue to rise.
Because of the huge demand, many beer breweries, with a capacity ofhundreds of millions litres per year, have been built in recent years.
As of March, the Sai Gon Beer Alcohol Beverage Joint-Stock Corporation(Sabeco) opened three beer breweries in Quang Ngai and Ha Nam provincesat a cost of 2 trillion VND (96.71 million USD), with a total capacityof 300 million litres per year.
In February, Sabeco alsobegan construction on the Sai Gon – Ha Tinh Beer Company at a cost of480 billion VND (23.31 million USD), with a capacity of 50 million oflitres per year.
Sabeco has also increased the capacity ofthe Sai Gon – Cu Chi Beer Company, scheduled to open this year, to 264million of litres per year.
In addition, the project tobuild Sai Gon – Vinh Long Beer Company with a capacity of 200 million oflitres per year will start within this year and finish by 2014.
The Sai Gon – Ninh Thuan Beer Company, built last month on an area of200 ha at a cost of 680 billion VND (32.88 million USD), with acapacity of 50 million of litres per year, is expected to be operationalnext year.
Sabeco is expected to produce an additional 500 million litres of beer next year.
A report from Sabeco said the company has targeted a growth rate of 14 –16 percent in 2011–15, with output expected to increase by 13 – 15percent per year and reach 1.8 billion of litres by 2015.
Meanwhile, David Teng, executive director of Viet Nam Beer Ltd Company(VBL), told Tuoi Tre (Young People) newspaper that VBL would spend 68.1million USD to increase the capacity of the beer brewery in HCM City's District 12 from 280 million of litres per year to 420 million oflitres per year over the next 12 months.
In recent years,companies have imported many foreign beer brands. At supermarkets andretail shops, foreign beer brands are displayed for sale along withlocal beer brands.
These foreign beers, made in Mexico ,Germany , Belgium and the Netherlands , have become popular withVietnamese even though the prices are two to three times higher thanlocally made beer, according to Tuoi Tre newspaper.
Manyforeign beers are imported to HCM City via ports, with Cat LaiPort in District 2 receiving the largest amount of imported beer inthe southern region.
According to the customs branchoffice at the Sai Gon Port border-gate, beer imports last yearincreased by 50 percent over the previous year.
For at least a decade, the country has even imported many foreign beer brands that have already been produced in Vietnam .
Currently, Vietnam has about 350 beer breweries nationwide, 20 ofwhich have capacity of more than 20 million of litres a year. Fifteenhave capacity of over 15 million./.
