Việt Nam Food & Drink Report Q4 - 2010

CONTENTS

BMI Industry View . 5

SWOT Analysis . 7

Vietnam Food Industry SWOT . 7

Vietnam Drink Industry SWOT . 8

Vietnam Mass Grocery Retail Industry SWOT . 9

Business Environment . 10

BMI’s Core Global Industry Views . 10

Table: BMI Food & Drink Core Views . 11

Asia Pacific Food & Drink Risk/Reward Ratings . 12

Table: Asia Pacific Food & Drink Risk/Reward Ratings . 14

Vietnam Food & Drink Business Environment Rating . 15

MacroeconomicOutlook . 16

Table: Vietnam - Economic Activity . 17

Industry ForecastScenario . 18

Consumer Outlook . 18

Food. 20

Food Consumption . 20

Table: Food Consumption Indicators - Historical Data & Forecasts . 21

Canned Food . 22

Confectionery. 22

Table: Value/Volume Sales of Selected Food Sub-Sectors - Historical Data & Forecasts. 23

Trade . 24

Table: Vietnam Food & Drink Trade Indicators - Historical Data & Forecasts . 25

Drink . 26

Alcoholic Drinks . 26

Table: Drinks Indicators . 27

Coffee. 27

Table: Drinks Indicators . 28

Soft Drinks . 28

Mass Grocery Retail . 29

Table: Vietnam MGR Indicators - Value Sales by Format - Historical Data & Forecasts . 31

Grocery Retail Sales by Format – Historical Data & Forecasts (%) . 31

Food . 32

Industry Developments. 32

Market Overview . 35

Agriculture . 35

Food Processing . 36

Food Consumption . 37

Drink . 38

Industry Developments. 38

Market Overview . 42

Soft Drinks . 42

Alcoholic Drinks . 42

Mass Grocery Retail . 44

Industry Developments. 44

Market Overview . 46

Table: Structure of Vietnam's Mass Grocery Retail Market by Estimated Number of Outlets . 47

Table: Structure of Vietnam's Mass Grocery Retail Market - Sales Value by Format (US$mn) . 48

Table: Structure of Vietnam's Mass Grocery Retail Market - Sales Value by Format (VNDbn) . 48

Table: Average Sales per Outlet by Format – 2008 . 48

Competitive Landscape . 49

Table: Key Players in Vietnam's Food & Drink Sector – 2009 . 49

Table: Key Players in Vietnam's Mass Grocery Retail Sector - 2009 . 50

Company Analysis . 51

Food. 51

Masan Food . 51

Vietnam Dairy Products Joint Stock Company (Vinamilk) . 53

San Miguel Purefoods Vietnam Co Ltd . 55

Drink . 56

Saigon Beer Alcohol and Beverage Corporation (Sabeco) . 56

Carlsberg . 57

Mass Grocery Retail . 58

Metro Cash & Carry . 58

Saigon Co-op . 59

BMI Food & Drink Methodology . 61

Table: Returns . 62

Table: Risks . 63

Weighting . 63

Table: Weighting . 64

BMI Food & Drink Industry Glossary . 65

Food & Drink . 65

Mass Grocery Retail . 65

BMI Food & Drink Forecasting & Sourcing . 67

How We Generate Our Industry Forecasts . 67

Sourcing . 68