Vietnam’s beer industry produced about 4.4 billion litres of beer in 2020, down 14 per cent on-year.
|The VBA Congress discussed objectives for the next five years |
The Vietnam Beer Alcohol Beverage Association (VBA) on April 8 held the 2021-2025 Congress to review the 2020 performance and discuss new tasks for 2021-2025.
Addressing the event, Deputy Minister of Industry and Trade Cao Quoc Hung said that over the past years the VBA has closely collaborated with ministries and agencies in policy recommendations, becoming a connector between businesses and state management agencies, enabling the former to operate in a more sustainable manner and the latter to better their role.
According to the VBA, over the past years, especially in 2016-2020, the association has actively connected its members with state management agencies and given policy recommendations.
Between 2016 and 2020, the growth rate of the alcoholic beverage industry was lower than in 2010-2015 period. Its annual state budget contribution was over VND60 trillion ($2.6 billion), making up over 2 per cent of the country’s total state budget collection, created jobs for tens of thousands of people.
In the 2015-2019 period, the industry’s annual average growth rate was 5 per cent. In 2020, the industry produced about 4.4 billion litres of beer, down 14 per cent on-year. Beer producers tended to focus on products with low alcohol content, non-alcoholic beer, and fermented juice to meet market demand.
2020 was a challenging year for the beverage industry due to the negative impacts of COVID-19, and the enforcement of policies like the Law for the Prevention and Control of Alcohol-related Harm and others. Many had to let employees go while cutting salaries and costs to maintain operations.
Also, the wine industry faced many difficulties in recent years partly due to some policies and fake products. It has reported no growth in recent years.
Looking towards 2025, VBA chairman Nguyen Van Viet said, “In the 2021-2025 term, the VBA will continue to reform and improve its performance to increase professionalism and contribute to the sustainable development of the industry, thus contributing more to the nation's social-economic development.”