Recent Study: Vietnam Food & Drink Report Q3 2014

Despite a slower than expected economic recovery in 2013, our outlook for Vietnam's economy in 2014 is positive. Recently released macroeconomic data shows a strong rebound in domestic consumption, which is felt across a wide spectrum of consumer industries. The consumer is expected to benefit from a rising inflow of remittances and suppressed levels of inflation over the coming quarters. While we have maintained our 2014 GDP growth forecast at 6.0%, we see potential for upside surprises. Food and drink consumption within the country will grow at an impressive pace, delivering double-digit annual growth through the forecast period to 2018.

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%.

Full Report Details at
- http://www.fastmr.com/prod/850935_vietnam_food_drink_report_q3_2014.aspx?afid=301

Key Industry Trends

McDonald's Opens First Ho Chi Minh Restaurant In February: US fast-food restaurant McDonald's, with its partner Vietnam-based company Good Day Hospitality, has entered into the Vietnamese food market in a bid to compete with its rivals, such as KFC and Burger King Worldwide. The company launched its first outlet in the Vietnamese city of Ho Chi Minh on February 8 2014.

Sabeco Begins Construction Of New Brewery: Vietnam-based brewer Saigon Beer Alcohol And Beverage Corporation (Sabeco) has started construction on a new brewery in Vietnam's Ninh Thuan region. The USD21mn facility will have an estimated annual capacity of 50mn litres of beer. The brewery will cover an area of 20 hectares and is expected to address the rising demand for Sabeco products in the south-central region. The...

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

About Fast Market Research

Fast Market Research is a leading 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 is always available to 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.

You may also be interested in these related reports:

- Mexico Food & Drink Report Q3 2014
- Kuwait Food & Drink Report Q3 2014
- Ukraine Food & Drink Report Q3 2014
- Netherlands Food & Drink Report Q3 2014
- Slovenia Food & Drink Report Q3 2014