Vietnam targets US$900 million from beverage export by 2025

Friday, 2018-05-18 21:51:00
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The beverage industry needs long-term and stable policies to realise the 5.8% growth target.
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NDO/VNA - Vietnam is expected to export US$900 million worth of beverages by 2025, as heard at a workshop hosted by the Vietnam Beverage Association (VBA) in Ho Chi Minh City on May 18.

The industry has grown well recently in Vietnam, creating more than 50,000 jobs and contributing three percent of the State budget. The soft drink sector grew 6.6% in 2011 – 2016 on an annual basis, while the beer sector was said to have caught up with global trends.

However, difficulties remained in the industry, including high inventory rate and shortcomings in business management policy.

VBA Chairman Nguyen Van Viet said to realise an average growth of 5.8% for 2016 – 2020, the beverage industry needs long-term and stable policies which must be practical to avoid impacts on business operations.

Rungphech Chitanuwat, a sales director of Thai-based UBM Asia, said the global beverage has high demand for food safety, with environmentally friendly materials.

She said key measures to boost the sector growth include trade promotion, material development, and new production machinery.