Beer market of Russia 2016: PET goes to draftThe beer market of Russia was warmed up by the hot summer, but the preparation for large volume PET prohibition has already impacted it negatively. The year was successful for Efes, MBC and regional producers; Carlsberg’s positions were virtually stable but AB InBev and Heineken lost a part of market share having focused on the sales profitability. The dynamics of big brands was determined by how much the companies were willing to keep the prices down or by their promotional activity. In this context the economy segment of the beer market and sales of inexpensive draft beer were increasing. The premium segment started shrinking due to license brands migrating to the mainstream segment.
Beer market of Vietnam: “Young tiger”Vietnam is one of the few big beer markets that continue to grow steadily. The beer popularity results from its low price, street consumption culture, and social motives. The outlooks of beer market as well as the Vietnamese economy inspire optimism, though the country is heavily dependent on export of goods. The state regulation can be called liberal, but the key risk for brewers is harbored in intensive rising of excise. Within TOP-4 there are two leaders, Sabeco and Heineken that grow at the fastest rates. The first company effectively employs its capacities, the second one focuses on marketing technologies. Almost 80% of the market belongs to century-old brands, yet the middle class and the youth are shifting their interest toward international premium that is growing taking share from the mainstream.
Analysis of beer market in China (on Russian)
Beer market of Ukraine: big three losing weightIn 2016, fast increase of excises and resulting price spike stood in the way of the beer market stabilization. Most of competition (as well as mass sorts) moved to the economy segment of the market. The biggest losses were incurred by the leading three, especially Obolon, which again experienced pressure after reallocation of Efes market share. However, one should already speak of TOP-4. Group Oasis CIS (PPB) became a strong player and competitor to transnational companies. Besides the net sales of many regional medium breweries look rather good and 16-fold cost reduction wholesale trade license for craft brewers opens up a possibility of rapid growth in 2017.
Vietnam. Sabeco to be listed on exchange
The statement was posted on the Vietnam Association of Financial Investors (VAFI) website early this week after the ministry responded to the association's previous complaints on the delayed divestment of the State's capital from Sabeco and the delayed listing of the company.
The delayed divestment and listing of Sabeco on the stock exchange has recently raised public concerns as investors that are not Government agents own less than the required stake in the company's capital.
Under existing regulations, a joint stock company, which was shifted from a state-owned enterprise, must sell at least 20 per cent of its capital to other investors.
The ministry now holds 90 per cent of the company on behalf of the State.
During the past eight years, VAFI has repeatedly urged the ministry and the company's management board to sell all the State's holdings in Sabeco and place the company on the stock exchange to improve the quality of corporate governance, however, the situation has yet to change.
"The delay of listing Sabeco came after the ministry planned to sell its entire holdings in the company before asking for the Government's permission to put it on the stock market," the ministry said.
"The listing of Sabeco on HoSE will be reported to the Government for approval," MoIT said, adding that the delayed listing had failed to meet expectations from the company's investors.
Regarding the divestment of the State's capital from the company, the ministry said that it had proposed the Government approve the divestment of the State's capital from Sabeco four times since 2012. The Government has yet to make the final decision on the plan.
The ministry was not obliged to hand Sabeco over to SCIC because SCIC had no right to take full control of the southern beverage company in accordance with the document 651/TTg-DMDN issued by the Prime Minister on August 5, 2015.
18 Aug. 2016