Page 62 - Glass Machinery Plants & Accessories no. 4-2019

COUNTRY OUTLOOK
Country outlook

tional investors with a stead- tures or subsidiaries of some of about container glass demand
ily increasing GDP and booming the leading business conglomer- from brewers, we are presenting
direct international investments, ates of container glass, retail and some data on the country’s beer
a pattern which is forecast to packaging giants of the region. industry. With a production vol-
remain stable in upcoming years. ume of 4.375 billion litres (5.83
The country’s GDP is expected THE CONTAINER GLASS
to reach USD 345.4 billion in MARKET IN VIETNAM
2020. Over a period of the last ten
Container glass demand in the years, Vietnam has become one
country is met by three contain- of the largest producers of beer
er glass manufacturers. Malaya in the ASEAN region. While beer
Vietnam Glass (also known markets of most of the countries
as OI BJC Glass), San Miguel in the region are struggling for
Yamamura Hai Phong Glass growth, Vietnamese beer produc-
Company and government con- ers are still registering high single
trolled Go Vap Glass are able to digit growth rates. A steady rise
meet a large part of total glass in beer production and consump-
bottles demand in the country. tion has provided container glass
About 15 per cent of the total manufacturers with a vast mar-
demand is met through imports ket, which is expected to grow
from China, Thailand and other with healthy numbers for quite
ASEAN countries. The former some time.
two companies are joint ven- To give our readers an idea

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