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Vietnam is one of the fastest-growing consumer markets in Southeast Asia, with a population of over 96 million people. The beverage industry in particular has seen rapid growth in recent years, as Vietnamese consumers have more disposable income to spend on packaged drinks.
This article will look at the top 9 beverage companies in Vietnam.
1. Suntory PepsiCo Vietnam
Suntory PepsiCo is the leading beverage company in Vietnam, accounting for around 30% of the soft drink market. The company was formed in 2019 as a joint venture between Suntory Holdings Limited and PepsiCo, bringing together Pepsi, 7Up, Mirinda, Sting, and PepsiCo’s other brands with Suntory’s soft drinks. Suntory PepsiCo produces, sells, and distributes these beverages across Vietnam. The company has factories in Hanoi, Danang, and Can Tho City, as well as a nationwide distribution network.
Popular products:
- Pepsi Cola
- 7Up
- Mirinda Orangesoda
- Sting Energy Drink
- Revive Nutriwater
2. Coca-Cola Vietnam
The Coca-Cola Company has invested over $500 million in their operations in Vietnam since the 1990s. Coca-Cola dominates the carbonated soft drinks segment with popular brands like Coca-Cola, Schweppes, Fanta, Sprite and Dasani. The company has facilities for bottling, manufacturing and distribution across the major cities of Vietnam. Coca-Cola Vietnam also runs sustainability and community programs to foster long-term growth.
Popular products:
- Coca-Cola
- Fanta
- Sprite
- Dasani Mineral Water
- Schweppes Soda Water
3. Nam Viet Foods Beverage JSC
Nam Viet Foods Beverage JSC is a Vietnamese company that specializes in the production and distribution of high-quality, natural food and beverage products. The company was established in 2016 and has since become one of the leading manufacturers and exporters of coffee, tea, and fruit juice concentrates in Vietnam.
Popular products:
- Fruit Juice
- Coconut water
- Soya Garden Soy Milk
- Aloe Vera drink
- Energy drinks
4. Sabeco
Saigon Beer Alcohol Beverage Corporation (SABECO) is Vietnam’s biggest domestic brewer. The company was originally state-owned but is now a partially privatized corporation. SABECO owns over 20 beer brands and has a network of 13 breweries across Vietnam. The company’s most popular beer brand is Saigon Beer, which accounts for much of its sales. However, SABECO also produces and distributes other beers like 333 Lager, LacViet beer, Bivina fruit-flavored beer, and imported beers like Budweiser through a partnership with Anheuser-Busch InBev.
Popular products:
- Saigon Beer
- 333 Lager
- LacViet Beer
- Bivina Fruit Beer
- Saigon Chill-Filtered Beer
5. Masan Consumer Holdings
Masan Consumer Holdings is a subsidiary of Vietnamese conglomerate Masan Group. The company manufactures and distributes beverages, food products, convenience goods and home care products. Their beverage division includes popular instant 3-in-1 coffee products like Vinacafe, instant cereal drinks like Omachi and soy milk brand So Kool. Masan Beverage products are highly popular for in-home consumption.
Popular products:
- Vinacafe 3-in-1 instant coffee
- Omachi premixed cereal drinks
- So Kool soy milk
- Dr. Thanh instant herbal teas
- Tam Chau instant noodle soups
6. Vitasoy
Vitasoy is an international manufacturer of plant-based beverages, with significant operations in Vietnam. The company produces soy milk, teas, juices and sodas in Vietnam which are widely available in retail outlets. Popular Vitasoy products in Vietnam include their Original and Calcium-enriched soy milk, Vita lemon tea, and Vita fruit juice range. The company uses quality ingredients and an eco-friendly production process for their beverages in Vietnam.
Popular products:
- Vitasoy Original Soy Milk
- Vitasoy Calcium-enriched Soy Milk
- Vita Lemon Tea
- Vita Juice Range (orange, apple, etc)
- Vita Herbal Tea
7. Asia Brewery
Asia Brewery is a joint venture between Japan’s Asahi Group and local Vietnamese shareholders. The company has two breweries in Vietnam producing beers, soft drinks and beverages. Their most popular products are Biere Larue beer and Aqua Mineral water, along with canned Cafe Lien coffee. Asia Brewery produces Biere Larue in licenses partnership with Japan’s Kirin, making it with strict quality control and standards.
Popular products:
- Biere Larue Beer
- Aqua Mineral Water
- Cafe Lien Coffee
- Festival Soft Drinks
- Saigon Chill Beer
8. Unilever Vietnam
Consumer goods giant Unilever has extensive operations in Vietnam’s beverage industry through its global and local brands. Key Unilever beverage products popular in Vietnam include Lipton teas, Bru instant coffee, Axe and CloseUp energy drinks, and the Comfort line of fortified soybean milk. The company manufactures these products locally at facilities across the country to get them widely distributed through retail channels in Vietnam.
Popular products:
- Lipton Teas
- Bru Instant Coffees
- Axe CloseUp Energy Drinks
- Comfort Fortified Soy Milk
- Pocari Sweat Ion Water
9. La Vie
Popular products:
- La Vie Purified Drinking Water
- La Vie Mineral Water
- La Vie Distilled Water
- La Vie Alkaline Water
La Vie is a purified bottled water brand produced by Beverage Services Vietnam, a subsidiary of Indonesian company Mayora Indah. La Vie has grown rapidly since launching in Vietnam in the 1990s to become one of the top bottled water companies. It sells purified drinking water as well as mineral water under the La Vie brand. The company’s production plant in Binh Duong province has a capacity exceeding a billion liters annually.
