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 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...]

Beer sales outpace economic growth in Asia

Photo: Bloomberg Thailand will ban alcohol sales near universities and technical colleges, putting the nation at the forefront of efforts in Asia to curb consumption. Under amendments to the Alcohol Control Act endorsed by the government yesterday and to be implemented nationwide late next month, bars, clubs and retailers will be prohibited from selling alcoholic beverages within a 300-meter (328 yards) radius of colleges. The measures are aimed at promoting a healthy lifestyle and tackling alcohol-related problems, including underage sex, the Ministry of Public Health said. Thailand is moving further than other governments in countering growing demand for alcohol in Asia and the Pacific, the fastest-growing beer market for brewer Heineken NV. The World Health Organization has called for a 10 percent reduction in the harmful use of alcohol by 2025 from 2010 levels, implicating it in more than 200 diseases and injury conditions that the UN agency says kill about 3.3 million people a … [Read more...]

Figures on luxury cars reveal wealth of Vietnamese upstarts

VietNamNet Bridge - Ten of the 50 Mercedes-Maybach S600 cars to be made in 2015 have been ordered by Vietnamese. Most of the world’s famous fashion brands are present in Vietnam. The country is the seventh-biggest gold consumer in the world. Daimler has brought the Mercedes-Maybach brand back to the market for a little while and has launched S600 model priced at VND9.6 billion ($451,850). Tuoi Tre quoted its sources as reporting that of the 50 S600s the manufacturer plans to churn out this year, 10 have been ordered by Vietnamese, which means that 1/5 of the world’s 2015 version Mercedes Maybach S600s will be rolling out on Vietnam’s streets. Despite the Vietnamese income per capita and the current economic crisis, luxury car manufacturers such as Lamborghini, Jaguar, Bentley and Rolls-Royce all have reported their satisfactory sales in Vietnam. Mercedes Benz, which joined the Vietnamese market 20 years ago, sold 1,106 cars just within the first half of 2014, … [Read more...]

Vietnamese dairy queen honored as difference maker in Asia

The ‘queen’ behind Vietnam’s largest dairy producer added Wednesday another feather to her cap with an award from the Nikkei Asia Prizes, which honor those who are making a difference in Asia. Mai Kieu Lien, chairwoman and CEO of Vinamilk, was among only three winners to claim the awards, now in their 20th year, according to Nikkei Asian Review. The Vietnamese entrepreneur won the economic and business innovation category, whereas Chinese scientist Wang Yifang was winner of the science, technology and environment category. The 25-year-old Asian Youth Orchestra, a legendary Hong Kong orchestra, took the culture and community category. "We are motivated and determined to become Vietnam's No.1 symbol of nutritional and healthy products," Lien was quoted by Nikkei Asian Review as saying at the awards ceremony in Tokyo. Lien was honored for her tireless efforts to develop the Vietnamese dairy industry. Vinamilk, fully known as Vietnam Dairy Products Joint … [Read more...]

Car buyers continue preferring imported vehicles

Vietnamese people have shown that they favor imported cars over locally assembled vehicles, as the debate about whether the local automobile industry can withstand a possible collapse after 2018 has not ended. Last month Mercedes-Maybach, the re-launched luxury brand from Daimler AG, reported that Vietnamese customers have ordered ten units of its luxury Mercedes-Maybach S600 model, which cost VND9.6 billion (US$451,850) each. Fifty Mercedes-Maybach S600 cars will be produced for the global market in 2015, the German carmaker said. Official figures have also indicated that sales of imported cars in the first four months of this year were much better than expected, with 34,000 units worth some $883 million sold, an increase of 125.4% and 188.8% in volume and value compared to the same period last year. According to a recent report by the General Statistics Office (GSO), about 9,000 automobiles, or completely built units (CBUs), were imported into the country last month with a … [Read more...]

When it comes to e-cigs, Big Tobacco is concerned for your health

A cigarette smoking robotic tester machine is seen at the Czech Republic-based subsidiary of cigarette-maker Philip Morris International Inc. in Kutna Hora in this August 28, 2012 file photo. The health warning on a MarkTen electronic cigarette package is 116 words long. That's much longer than the warnings on traditional cigarette packs in the United States. Nicotine, the e-cigarette warning says, is "addictive and habit-forming, and it is very toxic by inhalation, in contact with the skin, or if swallowed." It is not intended for women who are pregnant or breast-feeding, or people ... who take medicine for depression or asthma. "Nicotine can increase your heart rate and blood pressure and cause dizziness, nausea and stomach pain," says MarkTen, a leading brand in the United States. The ingredients can be "poisonous." MarkTen's parent company Altria, maker of Marlboro cigarettes, said the language seemed appropriate. There is no required health warning on electronic cigarettes in … [Read more...]

How Wal-Mart made its crumbling China business look so good for so long

Chinese customers choose frozen meat at a Wal-Mart store in Shanghai. After years of heralding China as one of its best markets, Wal-Mart in August said its performance there was among the worst in its major countries. A management shake-up and job cuts have followed. Although the reversals seem abrupt, cracks in the foundation of Wal-Mart’s retail business in China have been developing for years, hidden by questionable accounting and unauthorized sales practices, according to employees and internal documents reviewed by Bloomberg. The practices -- including bulk sales to other retailers and some sales allegedly booked when no merchandise left the shelves -- made business appear strong even as retail transactions slowed and unsold inventory piled up, these people and documents say. Wal-Mart said in August that it was unhappy with inventory growth internationally. Stores in China continue to make bulk sales, sometimes unprofitably and without required management … [Read more...]

Many Vietnamese brands in M&A target of giants

Many Vietnamese brands of Fast Moving Consumer Goods have been targeted by foreign and domestic investment funds and giants for their Mergers and Acquisitions (M&A) deals. Consumer goods field has been targeted by large domestic and foreign businesses via M&A deals (Photo: SGGP) After buying Metro Cash & Carry Vietnam at US$879 million in August, Berli Jucker Company owner Charoen Sirivadhanabhakdi has expressed desire to purchase a part of Saigon Beer Alcohol Beverage Corporation (Sabeco). Foreign press agencies reported that the Thai Beverage Company of Mr. Charoen wants to invest US$2 billion in Sabeco shares. Sabeco belonging to the Ministry of Industry and Trade will establish a restructuring board and sell 53 percent of its shares to strategic investors. Euromonitor International’s data shows that Vietnamese Government holds 89 percent of Sabeco stocks, and the company controls 46 percent of the country’s beer market last year. According to … [Read more...]

Saigon Co.op named among top 10 Asia-Pacific retailers in 2014

Sai Gon Union of Trading Co-operatives (Saigon Co-op Mart) received the 2014 'Best of The Best' Award for being among the top 10 retailers in the Asia-Pacific region and the gold award for the top retailer in Vietnam by the Singapore-based Retail Asia magazine and Euromonitor International in Singapore on November 10. Chairman and Vice General Director of Saigon Co.op, Mr. Nguyen Ngoc Hoa and Ms. Nguyen Thi Thu Thuy (c) ; and Steven HL Goh (L), excutive chairman of Retail Asia Publishing attend the award ceremony. Saigon Co.op is the first Vietnamese retailer that won the 'Best of The Best' Award. This is the eleventh appearance for Saigon Co-op on the annual Top 500 list and receiving the gold award for the top retailer in the country. The Co.opmart supermarket chain, Co.op food store chain, Co.opXtra, Sense City commercial center, TV shopping channel HTV Co.op are belonged to Saigon Co.op which established in 1996, The cooperative targets to attract 250,000 members, diversifies … [Read more...]

Saigon Co.op among top 10 Asia-Pacific retailers

HCM CITY (VNS) - Supermarket chain Saigon Co.op has won the 2014 Best of The Best Award for being among the top 10 retailers in the Asia-Pacific region at the Retail Asia Pacific Top 500 awards in Singapore on Monday. It is the first Vietnamese retailer to win the award. The co.opMart operator also won the gold award for the best retailer in Viet Nam. The Retail Asia Pacific Top 500 awards, based on a survey of retailers in 14 economies in the region, are presented by the Retail Asia Publishing, Euromonitor International, and KPMG. Saigon Co.op, besides the Co.opmart supermarket chain, also operates Co.op Food stores, the HTVCo.op shopping channel, Sense City trade centre in Can Tho, and the Co.opXtraplus Thu Duc hypermarket in HCM City. - VNS … [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...]