Vietnam: The Covid-19 epidemic caused nearly 64% of customers to cut down on beer and wine spending

According to the General Statistics Office, the index of industrial production (IIP) of the beverage industry in May 2021 decreased by 0.5% compared to April; However, in general, the first 5 months of 2021 still increased by 12.8% over the same period in 2020, due to a sharp decrease in IIP in the first 5 months of 2020 by 14.6%. Beer production in the first 5 months of 2021 reached 1,714.1 million liters, up 11.7% compared to the same period in 2020 (the first 5 months of 2020 decreased by 24.5%). In fact, the Covid-19 epidemic continues to be complicated, some localities have to implement social distancing to prevent and control the epidemic, limit gatherings and eating in public places. In addition, after Decree 100 was issued, the flow of visitors to restaurants decreased significantly and people tended to switch to other drinks such as mineral water, non-alcoholic drinks, etc. From 2020, production activities of beverage enterprises will be below 80% compared to pre-pandemic ...