Vietnam Food and Drink Report - Business Monitor International - Industry Reports

Vietnam Food and Drink Report

Vietnam Food and Drink Report - Business Monitor International - Industry Reports
Vietnam Food and Drink Report
Published Oct 08, 2016
80 pages — Published Oct 08, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

We hold a positive outlook for the Vietnamese consumer, as the government targets economic growth through public spending and promoting investment and exports. In line with our positive outlook for the Vietnamese economy, we forecast real GDP growth at -.- in ---- and -.- in ----, on the back of supportive government policies, as well as a strong outlook for foreign investment and export resilience. ...We hold a positive outlook for the Vietnamese consumer, as the government targets economic growth through public spending and promoting investment and exports. In line with our positive outlook for the Vietnamese economy, we forecast real GDP growth at -.- in ---- and -.- in ----, on the back of supportive government policies, as well as a strong outlook for foreign investment and export resilience. Our Asia Country Risk team expects investment to remain strong in the country, fuelled by relatively cheap wages compared to regional peers and a reduction of the corporate tax rate. ...With a youthful population of --.-mn and GDP growth forecast at -.- in ----, the country provides attractive demographic potential for retailers keen to capture the vast consumer base.

...BMI View: Vietnam s food and drink industry is poised to become an outperformer in developing Asia throughout our forecast period. Rapid mass grocery retail expansion; a growing food manufacturing sector and rising incomes create favourable conditions for industry growth. Throughout our forecast period, as consumers become more affluent and urbanised, we expect higher value goods to perform well as consumers become more receptive of branded goods. Food and Drink Spending (---------) Food, sales, VNDmn Non-alcoholic drinks, sales, VNDmn ---- ---- ---- ----f ----f ----f ----f ----f - ---,---,--- ---,---,--- ---,---,--- -,---,---,--- f = BMI forecast. Food and Drink Spending (---------) Food, sales, VNDmn Non-alcoholic drinks, sales, VNDmn ---- ---- ---- ----f ----f ----f ----f ----f - ---,---,--- ---,---,--- ---,---,--- -,---,---,--- f = BMI forecast. ...Food and Drink Spending (---------) Food, sales, VNDmn Non-alcoholic drinks, sales, VNDmn ---- ---- ---- ----f ----f ----f ----f ----f - ---,---,--- ---,---,--- ---,---,--- -,---,---,--- f = BMI forecast.

...While food sales are growing from a low base in Vietnam, we forecast rapid growth over the next five years as households quickly climb the income ladder. Combined with a young and sizeable consumer base, we expect strong investment from multinational food and drink companies. ...

  
Source:
Document ID
1749-3072
Country
Industry
Industry
Industry
Industry
Industry
Industry
Format:
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Vietnam Food and Drink Report" Oct 08, 2016. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Vietnam-Food-and-Drink-Report-2026-46>
  
APA:
Business Monitor International - Industry Reports. (2016). Vietnam Food and Drink Report Oct 08, 2016. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Vietnam-Food-and-Drink-Report-2026-46>
  
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