Vietnam: Hanoi Nghe Tinh Beer JSC to double its annual production capacity in Ha Tinh province
Hanoi Nghe Tinh Beer JSC, a domestic brewer based in Vietnam’s central province of Ha Tinh, plans to invest VND281 billion ($11 million) to double its annual capacity to 100 million litres, The Investor reported on July 6.
The first phase of the firm's facility, operational since mid-2022, has an annual capacity of 50 million liters and an investment of VND1,230 billion ($48.4 million).
The second phase will involve purchasing and installing equipment from the third quarter of 2024, towards operation from end-May 2025.
With the expansion, the brewery’s output will include 40 million liters of canned beer, 50 million liters of bottled beer, and 10 million liters of keg beer.
Hanoi Nghe Tinh Beer JSC, under Ha Tinh-based multi-sector business Hoanh Son Group JSC, said the move aims to meet growing local demand, while Habeco and Sabeco, the two major Vietnamese brewers, have reached their full capacity in the province.
Vietnam's beer market is seeing mixed developments. In June, Heineken Vietnam Brewery Limited Company, or Heineken Vietnam, suspended operations at its factory in the central province of Quang Nam, citing multiple challenges in the local market.
Also in June, Vietnam’s National Assembly passed the Law on Road Traffic Safety and Order with 79.84% of the votes, continuing a zero-tolerance policy against drunk driving that has generated controversy.
Nguyen Van Viet, chairman of the Vietnam Beer, Alcohol & Beverage Association (VBA), told The Investor that the industry has not benefited from certain polices that could have softened the blows it has suffered.
Torna
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