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Vietnam in worlds top-10 beer drinkers: association

Xinhua, April 18, 2017 Adjust font size:

Vietnam ranked in the worlds top-10 beer drinking markets as of the end of 2016, with the total consumption projected up 10 percent year-on-year to reach 4 billion liters in 2017, according to the Vietnam Beer Alcohol Beverage Association Tuesday.

Domestic brewers supplied over 3.7 billion liters to the market in 2016, up 9.3 percent against the same period of 2015, reported Bao Dau Tu (Vietnam Investment Review) online newspaper on Tuesday.

The largest firm Sabeco accounted for nearly a half of the market share, providing 1.6 billion liters, up 7.4 percent year-on-year, followed by the Habeco, with 717.4 million liters, up 2.1 percent. Meanwhile, foreign firms, including Heineken and Carlsberg, contributed some 1.4 billion liters, up 15.7 percent year-on-year.

Despite the annual production increase, local brewers met only 85.6 percent of their set target in 2016, said the association.

According to insiders, the industry growth has seen a slowdown due to the increasing special consumption tax rates. They have risen to 60 percent since early 2017 (from 55 percent in 2016), and will be up to 65 percent in 2018, as part of Vietnamese government's efforts to limit alcohol consumption in the country. Endit