Research and Markets: Vietnam Food and Drink Report Q4 2012 - Consumers remaining cautious with their spending

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/2x7nfq/vietnam_food_and_d) has announced the addition of the "Vietnam Food and Drink Report Q4 2012" report to their offering.

The Vietnam Food and Drink Report provides industry professionals and strategists, corporate analysts, food and drink associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Vietnam's food and drink industry.

Our near-term consumer outlook for Vietnam is looking increasingly worrying. Growing uncertainties over unemployment in the manufacturing sector, and concerns of a macroeconomic slowdown are already taking their toll on consumer confidence. With consumers remaining largely cautious with their spending in the coming months, 2012 is likely to serve up greater demand challenges for producers and retailers. While the current environment poses a threat to near-term domestic demand conditions, the long-term potential of the consumer-facing sectors in Vietnam is undeniable. Rapid economic growth in Vietnam over the coming years should translate into higher income, in turn benefiting consumerism.

Headline Industry Data (local currency)

- 2012 food consumption growth = +8.4%; forecast compound annual growth rate (CAGR) to 2016 = +9.1%

- 2012 alcoholic drink value sales = +15.7%; CAGR to 2016 = +14.0%

- 2012 soft drink value sales = +19.1%; CAGR to 2016 = +14.5%

- 2012 mass grocery retail sales = +12.1%; CAGR to 2016 = +12.3%

Key Industry Trends

Metro Moving Forward In Vietnam:

Germany-based cash-and-carry retailer Metro Group needs a lot more work in ramping up its exposure in emerging markets (EMs), which present much more exciting opportunities than its developed European markets.

SMB Eyeing Regional Growth:

Philippine brewer San Miguel Brewery (SMB) has its sights set firmly on the demand potential in the markets of Cambodia, Laos and Vietnam. The brewer plans to set up three new breweries in these countries with a planned investment of around US$300mn.

For more information visit http://www.researchandmarkets.com/research/2x7nfq/vietnam_food_and_d

Contacts

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Food and Beverage

Contacts

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Food and Beverage