Abbreviations
Executive summary

1 Business environment

1.1 Macroeconomic context
1.2 Legal Framework

2 Industry overview

2.1 Global market
2.1.1. Beer
2.1.2.Spirit
2.1.3 Soft Drink
2.2 Vietnam market
2.2.1 Beer
2.2.2 Spirit
2.2.3 Soft Drink
2.3 Industrial Development Motive

3 Enterprise analysis

3.1 Profitability
3.2 Operability
3.3 Financial strength
3.4 Profit Margin

List of figures
Figure 1: Total population and working age population 2013-2018
Figure 2: GDP growth rate by quarter, 2016 - 2019
Figure 3: Consumer confidence index, Q1/2014 - Q4/2018
Figure 4: CPI movement by month, 1/2015-12/2019
Figure 5: Retail sales of goods, 2010 - 2019
Figure 6: Total disposable income, 2010-2020f
Figure 7: Enterprises in the manufacture of Beer industry 2010-2016
Figure 8: Profit before tax ratio of Beverage industry 2010-2016
Figure 9: Beverage industry's production growth rate 2011-2017
Figure 10: Global Barley Production and Consumption, 10/11-18/19e
Figure 11: Barley's price movements in the UK 1/2012-6/2019
Figure 12: Market Share of the 5 largest barley producing countries 2018/2019e
Figure 13: Market share of 5 largest hops producing countries 2018
Figure 14: Strong spirit consumption, 2017-2023f
Figure 15: Top largest strong spirit importing countries 2018
Figure 16: Soft drink export volume and value 2010-2017e
Figure 17: Global soft drink consumption through off-trade channel, 2012 - 2017
Figure 18: Soft drink consumption by volume, 2017
Figure 19: Vietnam's beverage market, 2013-2019
Figure 20: Beverage import - export 2013-2019
Figure 21: Production and consumption of the beer industry 2010-2019
Figure 22: Beer industry ‘s sales, 2019
Figure 23: Enterprises' domestic market share 2018
Figure 24: Top Beer brands in Vietnam, 2018
Figure 25: Beer industry's inventory 2011 - 2019
Figure 26: Beer industry's inventory structure, 2019
Figure 27: Beer import - export, 2010 - 2019
Figure 28: Top 10 Beer exporting enterprises in Vietnam 2019e
Figure 29: Top 10 enterprises importing Beer from Vietnam 2019e
Figure 30: Top Beer importing enterprises in Vietnam, 2019e
Figure 31: Top enterprises exporting Beer to Vietnam, 2019e
Figure 32: Domestic alcohol production 2010-2019e
Figure 33: Domestic alcohol cónumption 2010-2019e
Figure 34: Alcohol industry's inventories, 2012-2019
Figure 35: Wine import-export 2013-2019
Figure 36: Wine importing into Vietnam by country, 2019
Figure 37: Vietnam's Wine exporting by country, 2019
Figure 38: Top 10 Wine importing enterprises in Vietnam 2019e
Figure 39: Top 10 Wine exporting enterprises in Vietnam 2019e
Figure 40: Top 10 enterprises exporting wine to Vietnam 2019e
Figure 41: Top 10 enterprises importing wine from Vietnam 2019e
Figure 42: Spirits import-export 2013-2019
Figure 43: Spirits import by country 2019
Figure 44: Spirits exporting to Vietnam by country, 2019
Figure 45: Top 10 Spirits importing enterprises in Vietnam 2019e
Figure 46: Top 10 Spirits exporting enterprises in Vietnam 2019e
Figure 47: Top 10 enterprises exporting Spirits to Vietnam 2019e
Figure 48: Top 10 enterprises importing Spirits from Vietnam 2019e
Figure 49: Beverage production and consumption, 2013-2019
Figure 50: Beverage consumption (by volume) 2019
Figure 51: Fruit import-export 2013-2019
Figure 52: Importing fruit juice into Vietnam by country 2019
Figure 53: Exporting fruit juice into Vietnam by country 2019
Figure 54: Top 10 fruit juice exporting enterprises in Vietnam, 2019e
Figure 55: Top 10 fruit juice importing enterprises in Vietnam, 2019e
Figure 56: Top 10 enterprises exporting fruit juice to Vietnam, 2019e
Figure 57: Top 10 enterprises importing fruit juice from Vietnam, 2019e
Figure 58: Soft drink import -export
Figure 59: Importing soft drink into Vietnam by country, 2019
Figure 60: Exporting soft drink into Vietnam by country, 2019
Figure 61: Top 10 soft drink importing enterprises in Vietnam, 2019e
Figure 62: Top 10 soft drink exporting enterprises in Vietnam, 2019e
Figure 63: Top 10 enterprises exporting soft drink to Vietnam, 2019e
Figure 64: Top enterprises importing soft drink from Vietnam, 2019e
Figure 65: Enterprises' revenue 2017 - 2018
Figure 66: G&A expenses to net sales ratio, 2017-2018
Figure 67: Costs of goods sold to net sales, 2017-2018
Figure 68: Enterprises' receivable days 2018
Figure 69: Enterprises' inventory turnover 2018
Figure 70: Beverage enterprises' asset turnover 2018
Figure 71: Beverage enterprises' solvency 2018
Figure 72: Beverage enterprises' liquidity 2018
Figure 73: Rate of return 2017-2018

List of tables
Table 1: The special consumption tax schedule applies to Alcohol and Beer from 2016
Table 2: Vietnam's commitments to CPTPP on import duties:
Table 3: Beer output and production growth rate in 7 regions in the world 2017e
Table 4: List of top countries by Beer import and export value 2018
Table 5: 10 Beer brands with highest value worldwide 2018-2019f
Table 6: Top 5 countries with largest vineyard surface area outside the EU
Table 7: Top 5 countries with largest vineyard surface area in the EU 2018
Table 8: Total grape output by country 2018
Table 9: Top 5 Wine producing countries, 2017-2018
Table 10: Top Wine consuming countries, 2017- 2018
Table 11: Top Wine exporting countries, 2017 - 2018
Table 12: Top Wine importing countries, 2017 - 2018
Table 13: The world's most famous wine brands 2016
Table 14: The world's most famous wines 2016
Table 15: 10 Soft drink brand with highest value in the world 2017-2018
Table 16: Malt and Hops Imports 2010-2017
Table 17: Forecast of consumption value of sub-sectors (including domestic and imported products), 2018-2020
Table 18: List of 10 star enterprises in the Beverage industry 201

Saigon Beer-Alcohol-Beverage Joint Stock Corporation (Sabeco)
Vietnam Brewery Limited Company (VBL)
Hanoi Beer-Alcohol-Beverage Joint Stock Corporation (Habeco)
Ha Noi Liquor Joint Stock Company
Binh Tay Liquor Joint Stock Company
MTV Lam Dong Food Limited Company
Thang Long Wine Joint Stock Company
Tan Hiep Phat Beverage Group (THP)
URC Vietnam Co., Ltd