Drink & Tobacco Industry News

Ministry proposes more aid for equipment upgrades (07/07/2008)

Companies that want to upgrade their equipment may receive financial support equal to 50% of costs under a new proposal by the Ministry of Science and Technology (MoST). Under the proposal, companies would receive an increase in support from the original 30% as stated in Decree 119 passed in 2002, said Nguyen Trong Thu, an official of the MoST.
(Source:- http://www.vnbusinessnews.com/2008/07/ministry-proposes-more-aid-for.html)

Prices of milk products rise again in July (07/07/2008)
Milk prices have risen 5-7% due to various economic factors, according to local milk producers and distributors. At present, domestic milk producers have to import large quantities of powdered milk to use as raw materials for their products and they claim to have no other choice. A representative of Dutch Lady Viet Nam said the price surge was unavoidable due to the change in the Vietnamese dong and US dollar exchange rates, and the recent rise in the costs of raw materials, freighting and packaging.
(Source:- http://www.vnbusinessnews.com/2008/07/prices-of-milk-products-rise-again-in.html)
Vietnam Agrees to Building of US$90 mil Brewery (04/07/2008)
The US Gannon Group has been granted a licence by Viet Nam to spend 90 million dollars to build and operate a brewing facility near Ho Chi Minh City, the company said Thursday. The facility will manufacture and produce beer and other aerated drinks under license of Anheuser-Busch company - St. Louis-based brewer.
(Source:- http://en.infotv.vn/news/vietnam+agrees+to+building+of+us+90mil+brewery_115_12565)
Budweiser Heading to Vietnam (10/06/2008)
ST. LOUIS: Budweiser, the largest-selling beer in the world for the past half century, will soon be sold in Vietnam, St. Louis-based Anheuser-Busch announced Monday. Under an import and distribution agreement reached with Gannon Distribution Co., the American-style lager will be available in the Southeast Asian nation this month. Budweiser from the company's Los Angeles brewery will be sold in bars, restaurants and supermarkets in Ho Chi Minh City, and select chain outlets nationwide.
(Source:- http://www.beverageworld.com/content/view/34875/92/)
Gannon increases investment in Vietnam drinks plant (29/05/2008)
Gannon Beverages, a processor of milk, juice and tea, said it will expand its factory in the southern province of Dong Nai.
The company has put an additional US$2.1 million into Gannon Beverage Packing Facility Vietnam Ltd., raising its total investment in the plant to $20 million, it said in an e-mailed statement yesterday.
(Source:- http://www.thanhniennews.com/business/?catid=2&newsid=38880)
Carlsberg Will Buy 16% in Vietnamese Brewery Habeco (23/04/2008)
Habeco is market leader in the northern Vietnam where Carlsberg is present through its brewery joint venture in Hanoi. The partnership will provide opportunities for both Habeco and Carlsberg to further jointly strengthen their market positions in northern Vietnam but also in central Vietnam where Carlsberg is market leader through its brewery joint venture in Hu└. Carlsberg and Habeco are already partners in southern Vietnam where a new brewery will be constructed. Similar to other countries in the region the beer market in Vietnam is rapidly growing. The current consumption level amounts to 19 litres per capita. The future annual growth is estimated to about 8% - like the Vietnamese GDP.
(Source:- http://www.flex-news-food.com/console/PageViewer.aspx?page=15974&str=VIETNAM)
Kirin and Acecook in Vietnamese Soft Drink Joint Venture (16/04/2008)
The two companies¨ joint venture, Vina Kirin Acecook Beverage Co, was recently awarded a license to build the plant in the southern Vietnamese province of Binh Duong. The factory, on the My Phuoc 2 Industrial Park in Ben Cat District, will produce a variety of tea-based and milk-based soft drinks aimed specifically at the Vietnamese market.
(Source:- http://www.flex-news-food.com/pages/15790/Beverages/Kirin/Vietnam/kirin-acecook-vietnamese-soft-drink-joint-venture.html)
German Winemakers Eye Bigger Vietnam Market Share (11/04/2008)
Germany's winemakers are stepping up efforts to promote their wines in the booming Vietnamese wine market, as the country's grape lovers still overwhelmingly opt for French or New World wines. Vintners Ullrich Langguth and Hans Lang of Mo-Rhe-Na Wine Export Association, a private German company based in the Mosel, Rhine and Nahe regions visited Vietnam recently to promote their products.
(Source:- http://www.beverageworld.com/content/view/34654/92/)
Asia Pacific Breweries Expands North Vietnam Capacity (26/03/2008)
Asia Pacific Breweries Ltd, the Singapore-based maker of Tiger Beer, said Wednesday it has expanded the capacity of its unit Hatay Brewery Ltd in North Vietnam by more than 50 percent, to 460,000 hectolitres or 46 million liters. Hatay Brewery's expansion cost the company 1 million US dollars in investments, APB said. The plant currently brews Tiger Beer, Heineken, Anchor and Bivina. APB has five breweries in Vietnam with total capacity of over 4 million hectoliters or 400 million liters.
(Source:- http://www.beverageworld.com/content/view/34590/92/)
SE Asia¨s most modern beverage plant opens in Vietnam (03/03/2008)
The Saigon Beer Alcohol Beverage Corporation (Sabeco) held an inauguration ceremony Saturday for its new brewery in Ho Chi Minh City¨s outlying district of Cu Chi. The VND1.9 trillion (US$119 million) beverage factory, on a 50 hectare site, will have an initial output of 200 million liters a year, which may soon be lifted to 300 million liters.
(Source:- http://www.thanhniennews.com/business/?catid=2&newsid=36312)
Vietnam brewer Sabeco looks for foreign investors(14/01/2008)
Vietnam's top brewer, Saigon Beer Alcohol Beverage Corp (Sabeco), which is planning to raise more than $550 million in a stock market listing this month, has approached big foreign brewers to take a strategic stake.
(Source:- http://www.thanhniennews.com/business/?catid=2&newsid=35023)
Brewer S&N to invest $75 mln in Vietnam brewery (04/12/2007)
The plant, to be located near Ho Chi Minh City in the south, would have an annual output of 75 million litres of Kronenbourg beer in the first phase, the Dau Tu newspaper quoted S&N's country manager Juan Luis Restrepo as saying.
(Source:- http://www.thanhniennews.com/business/?catid=2&newsid=33804)
17.25 trillion VND plan for food processing industry (26/Nov/2007)
The Ministry of Industry and Trade has approved a 17.25 trillion VND (1.07 billion USD) plan to develop the food processing industry. The plan is designed to fulfill the sector¨s targets of 1.5 million tonnes of confectionary, 870,000 tonnes of instant noodles and 302,711 tonnes of seasoning until 2010. More»


Distillers defend stiff drink prices  (27/Sept/2007)
The price of some beer and spirits has increased since the beginning of September despite the Government¨s efforts to control inflation. More»