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ECONOMYINDUSTRY

Beer to be identified as major export item of Vietnam's beverage industry

Updated at Wednesday, 21 Sep 2016, 16:15
The Hanoitimes - The Ministry of Industry and Trade (MoIT) has ratified the Master Development Scheme on beer, wine, beverage by 2015 with a vision towards 2035. Vietnam expects to earn 900 million USD from exporting beverage products by 2035, according to the industry’s planning.
 
Beer to be identified as major export item of Vietnam's beverage industry
Beer to be identified as major export item of Vietnam's beverage industry
Accordingly, by 2020, Vietnam will produce around 4.1 billion liters of beer, 350 million liters of wine, and 6.8 million liters of soft drink. Beverage export revenue will touch US$ 450 million. By 2025, beer output will jump to 4.6 billion liters and wine production will be kept stable at 350 million liters. The sector will earn US$ 600 million in export volume.

The focus would be placed on applying technologies to improve product quality, diversify products and build brand names. The industry wants to reduce the percentage of alcohol and beer products, while increasing non-alcoholic beverage products. 

Production of non-alcoholic beverages will be more than doubled to 15.2 billion litres during the 2020-35 period. Beer plants with a capacity of below 50 million litres per year will not be encouraged. Private investments in large--scale non-alcoholic beverage production, using modern technology, and adhering to environment safety and food hygiene would be encouraged.

The export revenue is also expected to double from 450 million USD to 900 million USD during the period. The industry will post a growth rate of between 4 to 5.8 percent by 2035, according to the planning. The ministry estimated that the industry would need a total of 27.3 trillion VND (1.2 billion USD) investments during the next four years.

By 2035, beer production would be 5.5 billion liters; wine 350 million liters; and export turnover US$ 900 million. The sector will earn average growth pace of 5.8% in 2016-2020 period; 4.6% in 2021-2025 period; and 4% in 2026-2035 period.

The new master scheme doesn’t encourage factories with annual output of under 50 million liters. The wine production industry prefers high-quality and hygiene products; building national trademarks; and gradually replace import wine. The MoIT enables large-scale and modern investment in soft drink production especially nutritional fruit juice.

Under the master scheme, beer production will be located at the Red River Delta Region, the Central Coast, the South Central Coast, and the South Eastern Region. Meanwhile, the Red River Delta Region and the Mekong Delta Region will specialize in wine production.
By Anh Kiet
kinhtedothi.vn
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