Vietnam has been attracting new investments in its rapidly growing non-alcoholic beverage segment.
In June, the latest entrant is AP Beverage Trading Production (AP Beverage) which has opened a manufacturing plant in Dong Nai province at an investment of US$80 million.
AP Beverage will focus on producing bottled non-alcoholic beverages with the goal of establishing 500,000 sales points nationwide by 2030, as well as expanding to 5 export markets in the near future.
Bui Minh Nhut, Director of Strategy at AP Beverage said, “Vietnam is one of the beverage markets with the greatest growth potential in the region thanks to its large population, rising incomes, and the growing popularity of healthier consumption habits.”
Vietnam’s non-alcoholic beverage market grew from US$6.4 billion in 2023 to US$8.78 billion in 2025 with carbonated drinks accounting for the largest share (42%) followed by bottled water (27%), fruit juices (15%), tea/bottled tea (10%). Meanwhile, energy drinks and others comprise the remainder.
As the industry continues to grow, businesses will continue to invest in product innovation, and expanding distribution channels in the coming years, said Minh Nhut.
Vietnam’s beverage market continues to attract a new wave of investment from both domestic companies and international corporations. In February, F&N, a member of Thai Beverage invested US$3.9 to acquire the Nhon Trach 3 beverage plant from Chuong Duong JSC. Meanwhile, in July 2025, Coca-Cola Vietnam inaugurated one of its most sophisticated factory in Tay Ninh with a massive investment of US$136 million and production capacity of 1 billion litres annually.
According to Vietnam Industry Research and Consultancy, the country’s non-alcoholic beverage market remains highly competitive with Suntory PepsiCo Vietnam, Coca-Cola, URC Vietnam, and Tan Hiep Phat Beverage Group together accounted for 57% of overall market share.
