The Hanoi Beer Alcohol and Beverage JSC (Habeco) missed its 2017’s revenue target, with sales slipping as consumers increasingly opt for international brands.
Tetra Pak is investing in a new regional manufacturing facility near Ho Chi Minh City, Vietnam, prompted by increased consumption of liquid dairy and fruit-based beverages across Asia Pacific.
Anheuser-Busch InBev says Vietnam is the ‘next turning point’ for growth in Southeast Asia, as it officially opened its first brewery in the country yesterday.
Heineken insists it is ‘absolutely on top’ of the counterfeiting issues that can appear in emerging markets, after a Vietnamese gang producing fake Tiger and Heineken was busted last week.
Crown predicted strong unit volumes in beverage and Bemis expects to push ahead after a year of re-organising the business, as both firms reported their Q4 and full year results.
Inflated costs and adverse foreign exchange conditions saw Crown Holdings post a slight year-on-year profit drop in the three months to the end of March 2012 – despite notching up improved sales figures and increased beverage can volumes.
Ball Packaging has revealed plans to relocate its European headquarters from Germany to Switzerland in 2012 to centralise administration and align operations more closely with customers.
SABMiller has signed a joint venture deal with a top Vietnamese
dairy company, hoping to use the firm's local knowledge and
distribution network to break into Vietnam's emerging beer market.
Sugar prices are falling in Vietnam after the government permitted
several thousand tonnes to be imported to ease restricted domestic
supply shortages.