Czech firm to build Asia’s biggest brewery in Vietnam

Czech firm BTG Holding will build Asia's biggest brewery in Vietnam with a total registered capital of US$116 million (86 million euro). BTG Holding inaugurated its Lac Thinh industrial park on 220 hectares of Hoa Binh province with a total registered capital of US$54 million. Two BTG Holding projects which obtained the investment license include its brewery and its thermal power plant. The US$116 million Czech brewery with a capacity of 190 million liters a year will mainly produce Budweiser Budvar beer which will be exported to neighboring countries including Korea, Japan, and China and will be available for local customers. The plant is expected to start construction on November 2015 and will be the biggest brewery in Asia. BTG Holding will also build a $136 million (100 million euro) biomass-fired power plant with a capacity of 2x25 MW, which will ensure a stable power supply for factories in the industrial park such as electronic chip, solar cell, and milk processing plants. … [Read more...]

Slovakian firm builds brewery, thermal plant

HOA BINH (VNS)— The Slovakian BTG Holding Group has begun work on a 100 million euro (US$136 million) beer factory and thermal power plant in Hoa Binh province's Lac Thinh Industrial Park. The park, in Yen Thuy district, covers 220ha and has attracted total investments exceeding 45 million euro. Its modern, high quality infrastructure includes a hotel, accommodation for managers and workers, customs and banking agencies, post offices, sports and recreational facilities, and medical centres. Its first two licensed projects are BTG Holding Group's Slovak beer factory and thermal power plant. The EUR86 million beer factory will produce 190 million litres a year of Budweiser Budvar. The factory will be Slovakia's biggest in Asia and will export its products to South Korea, Japan, and China. The factory is expected to begin operations in November 2015 and generate 2,000 jobs. — VNS … [Read more...]

Asia’s largest Budweiser Budvar brewery to be located in Vietnam

At the groundbreaking ceremony for the Lac Thinh Industrial Park Nhan Dan - A Czech brewery financed by Slovakia's BTG Holding is to be built at the Lac Thinh Industrial Park in Yen Thuy district, Hoa Binh province. The brewery, which will produce Budweiser Budvar beer, is to be the largest of its kind in Asia, with an investment of EUR86 million. It will have an annual capacity of 190 million litres per year, and is scheduled to begin production in November 2015. The brewery and a thermal power plant, both financed by BTG Holding, are the first two projects licensed to be built at the Lac Thinh Industrial Park. The thermal power plant requires investment of over EUR100 million, and will supply electricity to the other facilities in the industrial park. The two projects are expected to create around 2,000 jobs for local people. Construction of the 220ha industrial park began on November 29 with an investment of over EUR45 million. … [Read more...]

Slovakia’s BTG Holding builds Asia’s biggest beer factory

Lac Thinh Industrial Park, in Yen Thuy district, covers 220 hectares and has total investments exceeding EUR45 million. Its modern, high quality infrastructure includes a hotel, accommodation for managers and workers, customs and banking agencies, post offices, sports and recreational facilities, and medical centres. (VOV) - The SlovakianBTG Holding Group began constructing a beer factory and thermal power plant on November 29 in Hoa Binh province's Lac Thinh Industrial Park.Its first two licensed projects are BTG Holding Group's Slovak beer factory and thermal power plant. The EUR86 million beer factory will produce the internationally renowned beer label Budweiser Budvar at an annual capacity of 190 million litres. The beer factory will be Slovakia's biggest in Asia once fully operational, and will export its products to regional markets such as the Republic of Korea, Japan, and China. The factory is expected to begin operations in November 2015, generating 2,000 new jobs. The … [Read more...]

Slovakia’s BTG Holding builds biggest beer factory

Lac Thinh Industrial Park, in Yen Thuy district, covers 220 hectares and has total investments exceeding EUR45 million. Its modern, high quality infrastructure includes a hotel, accommodation for managers and workers, customs and banking agencies, post offices, sports and recreational facilities, and medical centres. (VOV) - The SlovakianBTG Holding Group began constructing a beer factory and thermal power plant on November 29 in Hoa Binh province's Lac Thinh Industrial Park.Its first two licensed projects are BTG Holding Group's Slovak beer factory and thermal power plant. The EUR86 million beer factory will produce the internationally renowned beer label Budweiser Budvar at an annual capacity of 190 million litres. The beer factory will be Slovakia's biggest in Asia once fully operational, and will export its products to regional markets such as the Republic of Korea, Japan, and China. The factory is expected to begin operations in November 2015, generating 2,000 new jobs. The … [Read more...]

Viet Nam earns a dubious honour

According to Euromonitor International, a London-based market research company, Viet Nam now ranks among the top Southeast Asian beer-drinking nations. Last year, Vietnamese drank a total of three billion litres - equal to 30-31 litres per person. This places the nation third in Asia behind China and Japan. It should be noted that 10 years ago, Vietnamese drank only about 1.29 billion litres of beer a year. However, the Ministry of Industry and Trade predicts that last year's figures could double again to 4.5 billion litres by the end of 2015. A recent report from the International Labor Organisation said Viet Nam's productivity was among the lowest in Southeast Asia, about 15 times less than in Singapore. Even though it does not necessarily mean that beer is the main cause for this, it is alarming that Vietnamese workers are such big beer drinkers. But the real amount of beer swallowed by Vietnamese might be even higher. On top of the known amounts of beer consumed, there are also … [Read more...]

Vietnam appeases Big Tobacco with toothless taxes

A man smokes a cigarette while others look at a tablet device while sitting outside of a store in Hanoi, Vietnam. Photo credit: Bloomberg Vietnam's latest bid to raise its tobacco taxes will do little to curb consumption because it fails to hit the country's die-hard smokers where they hurt most - their pockets, health groups say. At a meeting of the Standing Committee of the National Assembly - Vietnam's legislature - on Thursday, Minister of Finance Dinh Tien Dung put forth a proposal to raise the excise tax on tobacco from 65 percent to 70 percent in January 2016 and 75 percent in 2019. The finance ministry said the 2010 Global Adult Tobacco Survey found that around 15.3 million people actively smoke in Vietnam, exposing an estimated 46.8 million, mostly women and children, to secondhand smoke. Smoking caused around 40,000 deaths in Vietnam in 2007, the World Health Organization (WHO) estimates, which warned that this figure could surge to 70,000 by the end of 2030 if drastic … [Read more...]

Saigon Co.op among top 500 Asia-Pacific retailers in 2014

Sai Gon Union of Trading Co-operatives (Saigon Co-op Mart) has been selected as one of the top 500 Asia-Pacific retailers in 2014, by the Singapore-based Retail Asia magazine and Euromonitor International. Customer is shopping at a Co,opmart supermarket. (Photo: Sggp)Established in 1996, Saigon Co.op, is owner of the Co.opmart supermarket chain, Co.op food store chain, Co.opXtra, Sense City commercial center, TV shopping channel HTV Co.op. The cooperative will target to attract 250,000 members, diversify its 300 retail stores, reach total revenue of VND44 trillion, and give 1,200 new jobs in this year. On this occasion, Saigon Co.op will offer 120,000 gift vouchers worth VND30,000 each. For every bill worth VND500,000 and over, customers will receive a voucher on August 8,9,10. … [Read more...]

In Africa, haircare becomes a multi-billion dollar industry

With all the skill of a master weaver at a loom, Esther Ogble stands under a parasol in the sprawling Wuse market in Nigeria's capital and spins synthetic fibre into women's hair. Nearby, three customers - one in a hijab - wait for a turn to spend several hours and $40 to have their hair done, a hefty sum in a country where many live on less than $2 a day. While still largely based in the informal economy, the African haircare business has become a multi-billion dollar industry that stretches to China and India and has drawn global giants such as L'Oreal and Unilever. Hairdressers such as Ogble are a fixture of markets and taxi ranks across Africa, reflecting both the continent's rising incomes and demand from hair-conscious women. "I need to braid my hair so that I will look beautiful," said 25-year-old Blessing James, wincing as Ogble combed and tugged at the back of her head before weaving in a plait that fell well past the shoulder. While reliable Africa-wide figures … [Read more...]

Philippines: economic growth pushes luxury goods consumption

The Philippines's strong economic growth in recent years has helped thrust domestic consumption, especially for luxury commodities. According to statistics by the World Bank (WB), the country's economic growth soared from 3.6 percent in 2011 to 7.2 percent in 2013, ranking second among Asian nations after China. The Philippines 's per capita GDP also saw a stable surge, from 1,832 USD in 2009 to 2.765 USD last year. Automobile industry is one of the sectors reaping the biggest sales thanks to local people's better financial ability. Vehicle sales grew by 21.4 percent to 32,470 units in the first two months of this year. President of the Chamber of Automotive Manufacturers of the Philippines Inc (CAMPI) Rommel T. Gutierrez said the economic growth is a good signal for the sector. The company has lifted its car sales target to 250,000 units in 2014 instead of 230,000 it set previously. A recent survey conducted by Euromonitor International, a global market investigator, shows … [Read more...]

Five local firms among top Asia-Pacific retailers

The Saigon Times Daily They are Saigon Union of Trading Cooperatives (Saigon Co.op) with last year's retail revenues of over US$1.1 billion, Big C supermarket chain (under Casino Guichard Perrachon SA) US$534 million, Nguyen Kim Trading Joint Stock Company US$490 million, Saigon Jewelry Company Limited US$487 million and Mobile World Joint Stock Company US$395 million. Retail Asia Publishing Pte Ltd has coordinated with Euromonitor International since 2004 to rank the top 500 retailers in the Asian Pacific markets of Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Thailand, Taiwan and Vietnam. The organizers ranked not only the top 500 retailers in the region but also 10 leading retailers of each market based on retail revenues, growth rates, retail space and the number of stores. In addition to the five Vietnamese retailers, the top ten retailers in Vietnam also include Phu Nhuan Jewelry Joint Stock Company … [Read more...]

Retailers among region’s top 500

Customers browse at Nguyen Kim Shopping Centre in HCM City. Vietnamese retailers have been listed among the top 500 retailers in the Asia-Pacific region. - VNA/VNS Photo Kim Phuong HA NOI (VNS) - Five Vietnamese companies have been listed among the top 500 retailers in the Asia-Pacific region in 2014, Retail Asia Publishing Pte Ltd and Euromonitor (Asia) Pte Ltd have announced. The five retailers include the Sai Gon Union of Trading Cooperatives, the Big C supermarket network, the Nguyen Kim Trading Joint Stock Company, the Sai Gon Jewellery Company Ltd and the Mobile World Joint Stock Company. Last year, they earned revenues of US$1.105 million, $534 million, $490 million, $487 million and $395 million, respectively. Retail Asia Publishing Pte Ltd, one of leading companies in providing news about retailers, has coordinated with Euromonitor International to rank the top 500 retailers from 14 Asia-Pacific economies, namely Australia, China and its territories of Hong Kong and … [Read more...]

Five Vietnamese companies in Asia Pacific’s top 500 retailers

Five Vietnamese companies have been listed among Asia Pacific's top 500 retailers in 2014, according to the Retail Asia Publishing Pte and the Euromonitor (Asia) Pte Ltd. They are Saigon Union of Trading Cooperatives, with last year's retail turnover of US$1,105 million, Big C chain under Casino Guichard Perrachon SA (US$534 million), Nguyen Kim Trading JSC (US$490 million), Saigon Jewelry Co.Ltd (US$487 million) and Mobile World JSC (US$395 million). Since 2004, the Retail Asia Publishing Pte has worked with Euromonitor International to rank the 500 leading retailers of 14 Asia-Pacific economies, namely Australia, China, Hong Kong (China), India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, the Republic of Korea, Thailand, Taiwan (China), and Vietnam. They also choose the top ten retailers of each economy based on retail turnover, growth, retail floor area, and the number of shops. Alongside the five above-mentioned companies, others in the top ten … [Read more...]

Vietnamese firms are among top 500 Asia-Pacific retailers

The Mobile World JSC will launch initial public offering with a list of more than 62.7 million shares on the HCM City Stock Exchange in July. - Photo thongtincongnghe.com HA NOI (Biz Hub) - Five Vietnamese companies have been listed among the top 500 retailers in the Asia- Pacific region in 2014, Retail Asia Publishing Pte Ltd and Euromonitor (Asia) Pte Ltd have announced. The five retailers include the Saigon Union of Trading Cooperatives, the Big C supermarket network, the Nguyen Kim Trading Joint Stock Company, the Saigon Jewelry Company Ltd and the Mobile World Joint Stock Company. Last year, they earned revenues of US$1,105 million, $534 million, $490 million, $487 million and $395 million, respectively. Retail Asia Publishing Pte Ltd, one of leading companies in providing news about retailers, has coordinated with Euromonitor International to rank the top 500 retailers from 14 Asia-Pacific economies, namely Australia, China and its territories of Hong Kong and Taiwan, India, … [Read more...]

Five VN companies in Asia Pacific’s top 500 retailers

(VOV) - Five Vietnamese companies have been listed among Asia Pacific's top 500 retailers in 2014, according to the Retail Asia Publishing Pte and the Euromonitor (Asia) Pte Ltd. Retailers seek World Cup gains Electronics retailers expect good year-end sales Saigon Co.op listed among top 500 Asian retailers They are Saigon Union of Trading Cooperatives, with last year's retail turnover of US$1,105 million, Big C chain under Casino Guichard Perrachon SA (US$534 million), Nguyen Kim Trading JSC (US$490 million), Saigon Jewelry Co.Ltd (US$487 million) and Mobile World JSC (US$395 million). Since 2004, the Retail Asia Publishing Pte has worked with Euromonitor International to rank the 500 leading retailers of 14 Asia-Pacific economies, namely Australia, China, Hong Kong (China), India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, the Republic of Korea, Thailand, Taiwan (China), and Vietnam. They also choose the top ten retailers of each economy based … [Read more...]

China’s Xiaomi leads Asia’s low-cost smartphone drive

Xiaomi may be little known outside China, but the fast-growing smartphone maker is at the forefront of a new wave of Asian brands challenging the dominance of Apple and Samsung with high-spec, low-price phones. Xiaomi products. The higher-end Mi3 (L) and low-end Redmi (R). (Photo: Xiaomi Singapore's Facebook page) SINGAPORE: Xiaomi may be little known outside China, but the fast-growing smartphone maker is at the forefront of a new wave of Asian brands challenging the dominance of Apple and Samsung with high-spec, low-price phones. In the three months to March, Xiaomi surpassed Apple and other established Asian players such as Huawei and Sony to become the third largest smartphone brand in China by market share, research firm Counterpoint Technology said. Samsung holds the top spot at 18 per cent, followed by home-grown Lenovo with 12 per cent. The Beijing-based tech upstart sold 18.7 million phones in 2013, and is targeting sales of 60 million this year and 100 million in … [Read more...]

Asia business sentiment improves in first quarter, global worries continue to weigh

Business sentiment among Asia's top companies edged up in the first quarter, as solid improvement in the Philippines and South Korea outweighed weakness in China, India and Australia amid persistent concerns over the global economy, a ThomsonReuters/INSEAD survey showed. The ThomsonReuters/INSEAD Asia Business Sentiment Index snapped two consecutive quarterly declines and rose to 64 in the first quarter of this year from 62 in the fourth quarter of 2013. A reading above 50 indicates an overall positive outlook. Uncertainty about the global economic outlook and rising costs remained the biggest risk factors for the region's firms, according to the survey, which also found sentiment in the autos, retail and resource sectors improved, while confidence among companies in the building sector tumbled. Solid gains in Japan, South Korea and regional trading hub Singapore supported the index, but weaker sentiment from China, Australia and India underscored fragile prospects for an … [Read more...]

Domestic beer makers fear double tax blow

Beer industry insiders say pending new tax policies will have an adverse impact on Vietnamese beer firms already fighting for position against their foreign peers. A higher special consumption tax combined with greater foreign imports could see domestic beer firms struggle Nguyen Van Viet, chairman of the Vietnam Beer-Alcohol-Beverage Association (VBA) told VIR last week that domestic breweries were extremely worried that they would even further lose position if the newly proposed special consumption tax (SCT) is passed into law. The Ministry of Finance has proposed a revised draft of the law on SCT to the government which increases the rate on some products labeled "luxury" by the government. As well as beer, they include automobiles, yachts, golf courses, and massage services, which will see the SCT rise by 15-30 per cent in mid-2015 as part of efforts to reduce their consumption. The SCT on beer is set to increase to 65 per cent from the current 50 per … [Read more...]

Will new taxes curb smoking and drinking in Vietnam?

For experts and analysts, the answer is a resounding 'no' while the Trans-Pacific Partnership could render anti-smoking laws toothless Promotion girls dance at a beverage fair in Hanoi. A government proposal to increase excise taxes on alcohol and tobacco is unlikely to curb consumption in a country where people's smoking habits die hard and their thirst for beer is just as difficult to quench, experts say. PHOTO: AFP A recent government proposal to increase special consumption taxes on alcohol and tobacco is unlikely to curb consumption in a country where people's smoking habits die hard and their thirst for beer is just as difficult to quench, experts say. Given Vietnam's current tax regime, the planned hikes by up to 30 percentage points pale in comparison with those in Vietnam's neighborhood and are too paltry to hit smokers and drinkers where it hurts most - their pockets, experts say. They add that such tax increases would turn out to be even more cosmetic if … [Read more...]

World’s top DJ promotes responsible drinking with music

In a recent interview with Tuoi Tre, Dutch DJ Armin Van Buuren, one of the world's leading DJs, talked about his latest album, the changing role of DJs in today's world, and his mission as the spokesperson of Heineken's "Dance More, Drink Slow" campaign to promote moderate drinking. "More Intense," Buuren's latest album, is a continuation of his previous album, "Intense", released in May 2013. His new album features two new self-composed tracks, including "Save my night," along with remixes of the tracks from "Intense." The man shared that "Save my night," now a hit in several countries, was written first and foremost as an energetic dance track. "Through the song, I also want to point toward the role of a DJ, not only myself, but to all DJs in general. It can really make the difference. If a DJ does his job well, he can really change the atmosphere and give people a natural kick," he elaborated. Buuren also pointed out that the role of a DJ changes with time, with today's DJs … [Read more...]