Anna Diep writes that the Asian wine market has plenty of potential for savvy Australian wine exporters set to capitalise on the region’s growth and reap the rewards on the back of the strong dollar.
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Global banking giant Citigroup has identified Vietnam as one of the 11 3G (Global Growth Generators) countries to watch. Although overshadowed by its larger Asian neighbours China and India, Vietnam has experienced remarkable economic growth over the last decade, despite the global financial crisis and the nation’s low starting point. Citigroup economist Willem Buiter predicts [...]
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Australian wines account for 15 percent of total wine imports into Vietnam, ranking second only to French wine. Vietnam has experienced remarkable economic growth over the last decade and, with 87 million consumers and retail sales up 20 per cent year on year, is an attractive export market with increasing opportunities for Australian wine producers [...]
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