Competition Bubbling Over Alcohol Sector

摘要

We like the long-term growth story of the Vietnamese alcoholicndrinks sector. Favourable demographic shifts, rising affluence, strongneconomic growth and a fast-growing tourist industry imply massivenscope for alcoholic drinks consumption, in particular beer consumption.nWith these dynamics in play, regional brewers are increasinglynlooking past China towards Vietnam in search of greater untappednpotential and higher margins.