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...]

Vietnam’s high street fashion market heating up

VietNamNet Bridge - By 2017, Vietnamese branded goods market may reach $2.7 billion in value, according to Euromonitor International. Demand on the rise On April 16 at midnight, Crescent Mall in Phu My Hung new urban area in district 7, HCM City was still open. At Gap, Calvin Klein and Marks & Spencer shops, shopaholics tried to hunt for the things they liked at the Midnight Sale, an important event which lasts only one day. By 2017, Vietnamese branded goods market may reach $2.7 billion in value, according to Euromonitor International. This was the third time the shopping mall organized a sale promotion campaign in which the sharp discount rate of 50 percent was offered at 100 shops located there. T. Mai, who introduced herself as a shopaholic, said she especially liked Mango’s products which have diverse design, good materials and ‘reasonable prices’. The ‘reasonable prices’, in Mai’s eyes, are between VND2-3 million for each item. … [Read more...]

The Year of the Monkey could mean a Chinese baby boom

A newborn intensive care unit. Source: Harmonicare Medical Holdings Those born in the year of the monkey are said to be crafty, clever and charming. That’s spurred some couples in China to delay parenthood until the less-auspicious sheep year ends -- a balm for companies offering fertility products and obstetric services. The change in the Chinese zodiac from sheep to monkey, which happens this year on Feb. 8, has helped boost maternity bookings by as much as 30 percent at Harmonicare Medical Holdings Ltd.’s 72-bed hospital in Beijing, the company said. German drugmaker Merck KGaA said sales of fertility-related medications increased in China late last year as couples sought to build the ranks of little monkeys. Harmonicare, China’s largest private obstetrics and gynecology hospital group, is renovating wards in its Beijing and Wuhan centers, adding beds and hiring medical staff on expectation of a busier year. It expects the advent of the country’s two-child … [Read more...]

Vietnam’s consumer promise beckons as state smooths dealmaking

Vendors sell produce at the Cho Hom market in Hanoi on May 31, 2014. Photo: Bloomberg/Brent Lewin Vietnamese mergers and acquisitions are forecast to hit a fresh record again this year, spurred by foreign buyers’ interest in the country’s fast-growing consumer sector. Announced acquisitions involving Vietnamese companies rose 40 percent last year to $4.3 billion, beating the previous record of $4.2 billion from 2012, data from the Vienna-based Institute of Mergers, Acquisitions and Alliances show. Dealmaking could rise further in 2016 after free-trade agreements came into effect and the government passed streamlined investment rules, according to Baker & McKenzie and Duane Morris LLP. Overseas buyers are attracted by an economy forecast to expand 6.7 percent in 2016, the fastest pace in nine years, and a consumer market where 60 percent of the population is under age 35. Boon Rawd Brewery Co., Thailand’s oldest beer producer, agreed last month to invest $1.1 … [Read more...]

Hanoimilk’s IZZI brand named among top 10 food brands of Vietnam

Hanoimilk’s IZZI brand on January 3 was named by the Ministry of Industry and Trade among the top 10 food brands of Vietnam. The top brand award is one of the ministry’s activities to help develop the distribution system of Vietnamese goods, which goes with the "Vietnamese consumers use Vietnamese goods" campaign in the 2014-2020 period. Aiming to help brands that meet certain quality standards and whose production meets certain environmental standards set by the Ministry of Industry and Trade (MoIT) be known by consumers and get the position they deserve in the market, this year’s award honoured the IZZI brand from Hanoimilk, besides brands from other companies such as Duc Viet Foods, Masan Consumer, Long Hai and Hanoli. "The top brand award is a recognition of Hanoimilk’s effort to make IZZI the top milk brand for children in Vietnam," said Ha Quang Tuan, chairman of Hanoimilk. Earlier, in April of last year IZZI was among the top 20 food brands of … [Read more...]

China’s Alibaba breaks Singles Day record as sales surge

E-commerce giant Alibaba has broken its own record for sales on China's Singles Day, the world's biggest online shopping event. The firm said sales surpassed the record amount of $9.3bn (£6.1bn) made last year in just over half the time. Singles Day, also known as Double Eleven because it is held on 11 November, has become a major annual event for Chinese retailers. Alibaba said more than $1bn was spent within eight minutes of midnight. Within the first hour, it had made $3.9bn (£2.bn) in sales, almost double the amount spent in the same time period of the event last year. In comparison, sales on Cyber Monday, which is the biggest online shopping day in the US, hit $1.35bn, according to data analytics firm ComScore. 'Power of Chinese consumption' Singles Day has grown tremendously since Alibaba began promoting it as a shopping day in 2009, and now includes many retailers such as rivals JD.com that stage sales promotions. This year, Alibaba said there would be more … [Read more...]

The Gioi Di Dong listed as second leading retailer in Vietnam

(VOV) - Retail Asia Publishing and Euromonitor International Ltd has unveiled top 500 leading retailers in the Asia-Pacific region in 2015 and honoured local phone retailer The Gioi Di Dong (Mobile World Co. Ltd.) as Vietnam’s top ten retailers in the field of electronics and mobile communications. This is the sixth time Mobile World is listed in the Top 500 leading retailers in Asia-Pacific. The local phone retailer now ranks 274th, a rise from the position of 409th last year. This Asia’s leading prestigious retail prize selected businesses basing on their revenue, growth, retail space and the number of shops. Mobile World.is the largest second retailer in Vietnam after Saigon Co.op. By now, Mobile World has increased the number of its supermarkets to more than 500 in 63 provinces and cities in Vietnam. Recently, Mobile World has been listed among top 50 most valuable brands by Brand Finance. … [Read more...]

Amway tills manufacturing garden

Amway, the US-based global direct selling leader, has recently invested in the second manufacturing facility in Vietnam. It is worth $25 million and is located in the Vietnam-Singapore Industrial Park (VSIP) II, in the southern province of Binh Duong’s Tan Uyen town. The company’s regional president of Asia Pacific Mark Beiderwieden shared his thoughts with VIR’s Thanh Van during his visit to Vietnam. Can you describe the potential of Vietnam’s direct selling market? Amway’s sales in Vietnam have grown steadily since its expansion to the nation seven years ago. It has become an important market for Amway globally. Despite it being such a new place for us to do business, it has exhibited resilience and sustainability in its development over its nascent years. The company now has more than 30 per cent market share in Vietnam, due to the hard work and diligence of its 300,000 distributors and the high quality of Amway products. With its young and energetic … [Read more...]

Forget InBev. Here are the markets where local beers rule

What's megabrew's place in a microbrew world? If Anheuser-Busch InBev seals a deal with SABMiller, the breadth of the new company's brews will be impressive. Budweiser, Peroni, Pilsner Urquell, and Stella Artois will all flow from the same corporate tap. (Grolsch and Goose Island, too.) Together, the companies—No. 1 and No. 2, respectively—control roughly one-third of the global beer market by volume, according to Euromonitor International. In some of the most attractive markets, however, people still prefer the local brew. In Vietnam, where the beer market is growing faster than anywhere else, one in three bottles is a "Saigon," from Saigon Beer Alcohol Beverage Corp. In India, Kingfisher is the king of beers, with close to 50 percent of the market. The Spanish like their Mahou, which has its headquarters in Madrid. Almost 40 percent of the global beer market is served by companies that sell fewer than 5 billion liters a year, according to Euromonitor data, while InBev … [Read more...]

European stocks edge up in fourth straight session

Europe's main stock markets climbed on Wednesday, extending its winning streak to a fourth straight session, as shares of the world's major brewers rise on a takeover battle for some of beer's biggest brands. The London Stock Exchange logo. (AFP PHOTO/BEN STANSALL) LONDON: Europe's main stock markets climbed on Wednesday (Oct 7), extending its winning streak to a fourth straight session, as shares of the world's major brewers rise on a takeover battle for some of beer's biggest brands. The world's biggest brewer Anheuser-Busch InBev raised Wednesday its offer for British rival SABMiller to £68 billion (US$103 billion), or £42.15 per share, only to be told it was still too low to achieve one of the largest ever corporate takeovers. The deal sought by Belgian-Brazilian AB InBev would create a global "megabrewer" that would bring together internationally famous brands such as the iconic US beer Budweiser and Stella Artois with Grolsch and Foster's. But the board of … [Read more...]

Saigon Co.op continues to win top retailer title in Asia-Pacific

The Ho Chi Minh city Union of Trading Co-operative (Saigon Co.op) continued to be named among the top 500 Asia-Pacific retailers in 2015, according Retail Asia Publishing and Euromonitor International. Saigon Co.op has successfully won the title for 12 consecutive years. It was also named among top five retailers in Vietnam. Retail Asia Publishing carried out the ranking based on annual surveys conducted by the market research firm Euromonitor International, measuring enterprises from 14 countries and territories, including Australia, China, Hong Kong, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, Taiwan (China) and Vietnam. Selection criteria include retail sales of goods, growth rate, business areas and the number of stores. From these, the organizing board will select 500 outstanding businesses in the list and 10 leading retailers from each economy will be chosen. Saigon Co.op owns a far-reaching retail system … [Read more...]

Saigon Co.op secures top Asia-Pacific retailers title

Photo: enternews.vn The Ho Chi Minh City-based Saigon Union of Trading Co-operatives (Saigon Co.op) has continued to grace the top 500 Asia-Pacific retailers in 2015, reported the Saigon Giai phong newspaper. This is the 12th consecutive year Saigon Co.op has been recognised as a leading retailer by the Retail Asia Publishing and Euromonitor International. Furthermore, the group also ranked among the top five retailers in Vietnam this year. Saigon Co.op owns an expanding retail system across the country, including the Co.opmart supermarket chain, Co.op Food Stores, Ben Thanh Store, the HTV Co.op Shopping Channel, the Co.op Xtraplus Thu Duc hypermarket in HCM City and Sense City trade centre in Mekong Delta Can Tho city. Retail Asia Publishing determined the ranking based on annual surveys conducted by the market research firm Euromonitor International, measuring enterprises from 14 countries and territories including Australia, China, Hong Kong, India, Indonesia, Japan, the … [Read more...]

Saigon Co.op named among top 10 Asia-Pacific retailers in 2015

Sai Gon Union of Trading Co-operatives (Saigon Co-op Mart) has been selected as one of the top 500 Asia-Pacific retailers in 2015, by the Singapore-based Retail Asia magazine and Euromonitor International. Shoppers at a Co.opmart (Photo: Sggp) This is the 12th appearance for Saigon Co-op on the annual Top 500 list and receiving the gold award for the top retailer in the country. Saigon Co.op is also among top five retailers in Vietnam. 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 Retail Asia Pacific Top 500 awards are made basing on a survey of retailers in 14 economies in the region, namely Australia, China, Hong Kong, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, Taiwan, and Vietnam.Selection criteria include retail sales of goods, growth rate, business areas and the number of stores. … [Read more...]

Saigon Co.op named among top 500 Asia-Pacific retailers

Image for illustration NDO – The Ho Chi Minh City-based Saigon Union of Trading Co-operatives (Saigon Co.op) has been listed among the top 500 retailers in the Asia-Pacific region by the Retail Asia Publishing magazine and Euromonitor (Asia) Pty Ltd. Saigon Co.op has been recognised as a leading retailer for the twelfth consecutive year. Furthermore, the local retailer has also ranked among the top five retailers in Vietnam this year. Saigon Co.op owns an expanding retail system across the country, including Co.opmart supermarket chain, Co.op Food store chain, Ben Thanh Store and Co.op store network. In addition, it has launched a television shopping channel - HTV Co.op and an online shopping website - Co.ophomeshopping. The corporation has also invested in the trade center Sense City, Co.opXtraplus Thu Duc and has arranged to put SC Vivo City commercial center into operation in the near future. Since the inception of Saigon Co.op, the Co.opmart supermarket chain has … [Read more...]

Saigon Co.op among top 500 Asia-Pacific retailers

(VOV) - Supermarket chain Saigon Co.op has been listed among top 500 Asia-Pacific retailers in 2015, according to Retail Asia Publishing and Euromonitor International. Saigon Co.op is also among top five retailers in Vietnam. This is the 12th year the ranking results have been announced and Saigon Co.op has successfully won the title for 12 consecutive years. Saigon Co.op owns a far-reaching retail system across the country, including Co.opmart supermarket chain, Co.op Food store chain, Ben Thanh Store, Co.op store network, Sense City trade centre, Co.opXtraplus Thu Duc and SC Vivo City. It also launches a TV shopping channel named HTV Co.op and an online shopping website known as Co.ophomeshopping. The Retail Asia Pacific Top 500 awards are made basing on a survey of retailers in 14 economies in the region, namely Australia, China, Hong Kong, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, Taiwan, and … [Read more...]

Vietnam’s 2015 milk revenue estimated at $4.2 billion

Milk revenue in Vietnam has been predicted to stand at VND92 trillion ($4.2 billion) by the end of the year by Euromonitor International, an international market researcher. Its prediction would put growth at 23 per cent when compared to milk revenue in 2014 of VND75 trillion ($3.4 billion), which itself was 20 per cent higher than in 2013. Euromonitor International said that milk was one of the fastest growing goods in 2014 and will continue to grow. On average each person will drink from 27 to 28 liters per year by 2020, compared to 19 to 20 liters per year in 2014. Liquid and powdered milk are the most important goods in the milk sector, accounting for 74 per cent of market value. Powdered milk is estimated to account for 45 per cent of the Vietnam market, with growth of 10.1 per cent in the 2010-2013 period. However, from 2014 to 2015 consumption was falling, especially in urban areas. Consumers are willing to pay more for foreign powdered milk products, meaning foreign … [Read more...]