(MENAFNEditorial)
We hold a positive outlook for the Vietnamese consumer as the government targets economic growth through public spending and promoting investment and exports. We forecast real GDPP growth to come in at 6.4% in 2015 and we continue to believe that the economy will be driven by growth supportive government policies as well as a strong outlook for foreign investment and exports. That said our Country Risk team has recently revised down its forecast for Vietnamese economic growth in 2015 and political risks remain in the form of Chinese tensions which we believe will continue for some time.
Headline Industry Data
* 2014 total food consumption (local currency) growth: +19.2%; compound annual growth rate (CAGR) 2014 to 2018: +15.5%.
* 2014 per capita food consumption (local currency) growth: +18.1%; CAGR to 2018: +14.7%.
* 2014 alcoholic drinks value (local currency) sales growth: +12.0%; CAGR to 2018: +8.7%.
* 2014 soft drinks value (local currency) sales growth: +10.5%; CAGR to 2018: +7.5%.
* 2014 MGR sales (local currency) growth: +13.3%; compound annual growth rate (CAGR) 2014 to 2018: +9.9%.
Full Report Details at
- http://www.fastmr.com/prod/888611_vietnam_food_drink_report_q4_2014.aspx?afid=101
Key Industry Trends
In early August 2014 the German cash-and-carry retailer Metro is planning to sell its Vietnam business potentially pulling in EUR1.75bn. The decision to leave Vietnam is driven by the need to re-focus on its core Europe business and strengthen its balance sheet rather than being based on any major structural issues or re-rating in the growth profile of the organised food retail sector. Like some of the other major European retailers namely Carrefour and Tesco Metro has had to rein in spending internationally over the past two to three years as retail sales across Western Europe have remained weak while more recently Russia one of Metro's key markets has slowed down in 2014. We still see Vietnam as one of South-East Asia's best retail opportunities.
Vietnam will benefit from Russia's ban on agricultural imports from...
The Vietnam Food & Drink Report features Business Monitor International (BMI)'s market assessment and independent forecasts for food and drink expenditure consumption sales and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services sales investments partners and expansion strategies.
BMI's Vietnam Food & Drink Report provides industry professionals and strategists sector analysts business investors trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Vietnam.
Key Benefits
* Benchmark BMI's independent food and drink industry forecasts for Vietnam to test other views - a key input for successful budgeting and strategic business planning in the Vietnamese food and drink market.
* Target business opportunities and risks in Vietnam through our reviews of latest industry trends regulatory changes and major deals projects and investments.
* Exploit latest competitive intelligence on your competitors partners and clients via our Company Profiles (inc. SWOTs KPIs and latest activity) and Competitive Landscape Tables.
Coverage
BMI Industry View
Summary of BMI's key industry forecasts and views covering food and drink manufacturing and consumption and the retail market.
Business Environment Rankings
BMI's Food & Drink Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors food and drink manufacturers and mass grocery retailers.
The rankings methodology makes sophisticated use of over 40 industry economic and demographic data points.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the food drink and mass grocery retail sectors and within the broader political economic and business environment.
Food Forecasts
BMI's food chapter is divided into sections such as Meat Fish Confectionary Dairy and Canned Foods and provides insight into a market's food industry centred on a forecast to end-2018 for the sector. The chapter includes the following elements:
Industry Forecast Scenario - Historical data series and forecasts to end-2018 for growth of key indicators within a market's food industry. Including consumption food consumption as % of GDP canned food sales confectionery sales and food and drink imports and exports among others.
Industry Developments - A summary of corporate developments including news on M&As FDI expansions closures and financial results in addition to analysis and explanation of the latest industry events and how these could influence further investment.
Market Overview - An overview of the structure of the market introducing the key players and discussing underlying trends.
Drink Forecasts
Segmented the same way as BMI's food chapter the drink section provides insight into the market's drink industry centred on a forecast to end-2018 for the sector. Forecast indicators include alcoholic and soft drink sales by value volume and sub-sector and tea and coffee sales among others.
Mass Grocery Retail Forecasts
Segmented the same way as BMI's food and drink chapters the mass grocery retail section provides insight into a market's grocery retail industry centred on a forecast to end-201 for the sector. Forecast indicators include mass grocery retail sales by format (including supermarkets hypermarkets convenience and discount stores) and a breakdown for the organised retail sector versus the traditional sector among others.
Competitive Landscape & Profiles
Illustration of the industry via rankings tables comparing revenues number of outlets and number of employees. BMI analyses each company's market position business strategies and investment potential.
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