Source: Vietnam Beer Alcohol Beverage Association According to London-based Euromonitor International’s market research on the Vietnamese soft drinks market, all soft drinks categories recorded positive performance in 2017, with some seeing strong double-digit growth in total volume, including sports drinks, juice drinks, still bottled water, and 100 per cent juice, among others. The four biggest names in Vietnam’s sweetened beverage market include the US’ Coca-Cola Vietnam, Suntory PepsiCo (a fully foreign-owned joint venture between PepsiCo and Japan’s Suntory Holdings Limited), URC Vietnam from the Philippines, and Vietnam’s Tan Hiep Phat – all of which have grand designs in Vietnam. Healthy growth in soft drinks Coca-Cola recently attended meetings with Vietnamese leaders to discuss opening a new $300 million production facility in Hanoi, its fourth in the country. The corporation is currently seeking a suitable location for the plant that … [Read more...] about Soft drinks see hard competition
Probiotics 300 billion
At the upcoming Vitafoods Asia exhibition, you can see exactly how the food, supplement, beauty and pharmaceutical industries are being transformed by innovators and scientists who are working to deliver optimal health in what you consume. The exhibition is a full-service look into the nutraceuticals industry, from its key ingredients, to contract manufacturing and labelling to services & equipment and branded finished products. Along with what is being offered commercially, there’s much opportunity to discover what is also in development. For example, how modern medicine is being sourced and developed from natural ingredients. Bringing innovation and invention to the forefront Vitafoods Asia brings together manufacturers at the forefront of innovation and invention in the industry to meet and discuss their product development challenges. Visitors that attend Vitafoods Asia can meet and source from suppliers of the very latest products hitting the market. … [Read more...] about How science is shaping the future of nutritious consumables?
On April 10 Vingroup said in its website that it had established Vinfa JSC and would spend VND2.2 trillion ($96.5 million) to set up a 10 hectare drug manufacturing and research centre in Gia Binh District in the northern province of Bac Ninh. — Photo Vingroup After making an entry into the automobile manufacturing industry, Vingroup, the country’s leading property company, has set its sights on the US$5.3 billion pharmaceutical sector. On April 10 Vingroup said in its website that it had established Vinfa JSC and would spend VND2.2 trillion ($96.5 million) to set up a 10 hectare drug manufacturing and research centre in Gia Binh District in the northern province of Bac Ninh. The first phase is scheduled to be launched in the third quarter of this year with research, production, logistics, and support facilities. The first priority of the centre is research into and production of traditional medicines of Vietnamese origin for both the domestic and export markets. Besides, … [Read more...] about Drug firms spend huge sums to drive growth