upcoming events

Jan 2020
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

Survey

1. What do you consider the largest Risk for your company?

2. What are the Risk Mitigation Strategies you apply?

Submit

Galleries

This event is open for all professionals interested or currently working in Starups in Hanoi, or supply chai professionals in Hanoi, or who are interested in looking for business collaboration for U.S. market through meeting with a delegation of Baylor University (U.S.), Executive Master Program.

CAREER OPPORTUNITIES

SOURCING / BUSINESS DEVELOPMENT MANAGER - FERGUSON GLOBAL

Ferguson Global is seeking a Sourcing / Business Development Manager to assist in our Southeast Asia sourcing expansion. This position will report directly to our Regional Manager based in Taiwan and work closely with our staff at Ferguson Enterprises, LLC headquarters in Newport News, VA, USA.

PROJECT MANAGER - ALCON SINGAPORE

The Project Manager (PMO) is a highly visible role that is responsible for driving the transformation activities for Singapore Replenishment Center (SRC) and 3rd party service providers’ warehouses migration from current location to a new location. This leader will lead cross-functional internal and external resources and has overall accountability of the execution and performance of projects and transformation initiatives.

WAREHOUSE OPERATION MANAGER - MAERSK

Manage DC daily operation activities at warehouse facility. To ensure strict execution of the SOP and meet KPIs.

Local drinks face stiff competition

2013-09-16 12:14:34

Share with friends

Local beer and beverage products will face fierce competition if the country does away with the import tax for beer and beverage products this year, which it must do in order to join the Trans Pacific Partnership.

 

The current tax rate is 50 per cent for beer and alcohol and 30 per cent for non-alcoholic beverages such as juice and soda.

 

While joining the TPP would give Viet Nam the chance to attract more investment, it would also pose a significant challenge, said Luong Hoang Thai, head of the Ministry of Industry and Trade's Multilateral Commercial Department.

 

Many TPP member countries such as the US, Japan, Canada, Mexico and Chile have advantages in exporting beverages; without an import tax, local products might not be able to compete.

 

Two local companies, the Sai Gon Beer Corporation (Sabeco) and Ha Noi Beer Company (Habeco), account for two-thirds of the local beer market. But they might be threatened by cheaper imports of popular foreign brands like Sapporo from Japan and ABInBev from the US.

 

The main reason people stick to local brews is because they are cheap and of decent quality, Thai said, warning that when living standards inevitably improved, many people would shift to foreign beers – especially if they were sold at cheaper prices.

 

Meanwhile, global beverage firms Pepsi and Coca-Cola have dominated the local non-alcoholic beverage market. Tan Hiep Phat is the only domestic beverage producer that can stand up to their market power.

 

According to the Viet Nam Alcohol, Beer and Beverage Association, Vietnamese consumers drank 2.38 billion litres of beer last year, 8 per cent higher than 2011, and 4.22 billion litres of non-alcoholic beverages, a 9 per cent increase.

 

Those figures reveal Viet Nam's strong potential as a market for alcohol, beer and other beverages, Thai said. He recommended local firms improve the quality of their products and cut prices to hang onto their market share.

 

Additionally, local firms should study demand for alcohol, beer and beverages in other TPP countries and seek to expand their markets there, he said.