New race in beverage market startsVietNamNet Bridge - The Vietnamese beverage market remains very attractive to investors, with growth potential three times higher than the average growth rate in Asia. The Vietnamese beverage market remains attractive to investorsKido, a consumer goods manufacturer, recently announced a plan to join the beverage market with herb tea, milk tea, corn milk and bottled green soy milk. Kido intended to jump into the beverage market many years ago as the group’s leadership saw the big potential of the market. BMI, a British market analysis firm, predicted the two-digit growth rate for the Vietnamese beverage market, and a report of the Vietnam Beer, Alcohol & Beverage Association (VBA) showed that Vietnamese consumes 23 liters of soft drink a year per capita. According to Uday Shankar Sinha, CEO of Suntory PepsiCo Vietnam, the Vietnamese market attracts investors from the US, France and Japan.

Source: VietNamNet News May 05, 2018 01:18 UTC