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Official Gazette

Sunday, July 23, 2017

Ministry plans to earn USD 900 million from beer, liquor and beverage export

Updated: 09:33’ - 23/09/2016
By 2035, the country will produce around 5.5 billion liters of beer, 350 million liters of liquor and 15.2 billion liters of beverage, earning an export turnover of USD 900 million from these products.
Large-sized beverage producers furnished with modern technologies will be established and production of nutritious fruit juices will be prioritized__Photo: Internet

Such targets are set forth in the Ministry of Industry and Trade’s Decision No. 3690/QD-BCT of September 12, approving the master plan on development of the beer, liquor and beverage industry through 2025, with a vision toward 2035.

In addition, the production value of the industry will reach around VND 90 trillion, 113 trillion and 168 trillion by 2020, 2025 and 2035, respectively. The average growth rate from 2016 to 2019, from 2021 to 2025 and from 2026 to 2035 will be 5.8, 4.6, and 4 percent, respectively.

To achieve the above-said targets, the Ministry will invest in renewal of equipment and application of modern technologies to improve the quality of beer products. Small breweries will be encouraged to be merged into one another to form big ones. Those with an annual output of under 50 million liters will not be encouraged.

Meanwhile, non-alcoholic and luxurious beer with competitive prices will be promoted for export and creation of national beer brands.

As for liquor, the industry will focus on production of high quality products, ensuring food safety and building national liquor brands to gradually substitute imported ones.

Large-sized beverage producers furnished with modern technologies will be established and production of nutritious fruit juices will be prioritized.

Under the decision, breweries will be mainly located in the Red River delta, northern Central Vietnam and southeastern region, liquor production in the Red River delta, southeastern region and Mekong River delta, and beverage production in southeastern region, Red River delta, northern Central Vietnam and central coast.

In the next four years, the industry will need some VND 27 trillion of investment, most of which will be raised from enterprises, domestic banks, private sector and foreign investors.- (VLLF)
 

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