Fast Market Research recommends "Vietnam Food & Drink Report Q3 2013" from Business Monitor International, now available
Boston, MA -- (SBWIRE) -- 07/03/2013 -- Economic conditions in Vietnam have improved substantially in recent months, and this chimes well with our view that the country will see a relatively strong uptick in economic activity in 2013, with real GDP growth forecast to come in at 7.0% in 2013. However, we expect this growth to be highly uneven at the industry level, with some sectors being in a fundamentally stronger position to outperform by a considerable margin, and we expect growth in the retail sector to pick up substantially into 2013. Despite the recent economic downturn, retail sales in Vietnam have recorded an impressive growth rate averaging 19.6% year-on-year since the beginning of 2012. We expect private consumption to grow at a robust pace of 5.6% in 2013. However, we note that the risk of a sustained collapse in exports and further bankruptcies among small-and-medium enterprises could lead to widespread job losses in export-driven sectors. Uncertainties over the outlook for employment could, in turn, prompt households to cut back on spending.
View Full Report Details and Table of Contents
Headline Industry Data (local currency)
- 2013 per capita food consumption growth = +8.0%; forecast compound annual growth rate (CAGR) to 2017 = +9.0%
- 2013 alcoholic drink value sales = +14.3%; forecast CAGR to 2017 = +14.0%
- 2013 soft drink value sales = +15.1%; forecast CAGR to 2017 = +14.2%
- 2013 mass grocery retail sales = +12.8%; forecast CAGR to 2017 = +12.7%
Key Industry Trends
Massan Makes Another Acquisition: Masan Consumer, the largest producer of condiments such as fish, soy and chilli sauce and the second biggest producer of instant noodles in Vietnam, announced its plans to purchase 24.9% of bottled beverage company Vinh Hao Mineral Joint Stock Company in February 2013. Established in 1930, Vinh Hao was the first domestic mineral water producer in the country, with a portfolio of mineral water, purified water and mineral water based soft drinks. Masan has recently been pursuing a strategy of growth and diversification through acquisitions.
Starbucks Adds Vietnam to Thriving Asian Business: In early 2013 US coffee chain Starbucks announced it will debut in Vietnam's capital, Ho Chi Minh City, as it continues to develop its Asia Pacific business, where it has seen great success over the past few years. The Vietnam business will be operated by Starbucks' regional partner Maxim Group. The new outlet represents the latest addition to an Asian business that will now be 12-strong and is supported by the outstanding success story that is China.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Food research reports at Fast Market Research
You may also be interested in these related reports:
- Kuwait Food & Drink Report Q3 2013
- Czech Republic Food & Drink Report Q3 2013
- Bahrain Food & Drink Report Q3 2013
- United Arab Emirates Food & Drink Report Q3 2013
- Caribbean Food & Drink Report Q3 2013
- Australia Food & Drink Report Q3 2013
- Croatia Food & Drink Report Q3 2013
- Germany Food & Drink Report Q3 2013
- China Food & Drink Report Q3 2013
- Malaysia Food & Drink Report Q3 2013