Beer production in Vietnam has experienced moderate growth over the past decade, reaching 1.68 million metric tons in 2023. Year-on-year growth fluctuated, notably increasing by 7.14% in 2017 and dropping by 3.62% during the pandemic in 2020. Recently, growth stabilized with a 1.27% rise in 2023. The five-year CAGR leading into 2023 was 0.94%. The forecast from 2024 onward predicts continued steady growth, with production expected to reach 1.79 million metric tons by 2028, reflecting a forecasted five-year CAGR of 1.03%.
Future trends to watch for include market responses to economic changes, shifts in consumer preferences towards craft and premium beers, and the impact of potential regulatory changes. Additionally, technological advancements in brewing and sustainability initiatives may influence production volumes and practices.
