Coca-Cola introduced a coffee-flavored product in Vietnam in 2018 to target young consumers between 18-40 years old. The coffee flavor combines Coca-Cola's refreshment with caffeine to help consumers stay awake. Vietnam's growing population and economy present opportunities for sales, though high inflation and interest rates pose challenges for business expansion. Coca-Cola must comply with food safety and advertising laws to ensure the product meets regulations while appealing to consumer tastes.
Coca-Cola introduced a coffee-flavored product in Vietnam in 2018 to target young consumers between 18-40 years old. The coffee flavor combines Coca-Cola's refreshment with caffeine to help consumers stay awake. Vietnam's growing population and economy present opportunities for sales, though high inflation and interest rates pose challenges for business expansion. Coca-Cola must comply with food safety and advertising laws to ensure the product meets regulations while appealing to consumer tastes.
Coca-Cola introduced a coffee-flavored product in Vietnam in 2018 to target young consumers between 18-40 years old. The coffee flavor combines Coca-Cola's refreshment with caffeine to help consumers stay awake. Vietnam's growing population and economy present opportunities for sales, though high inflation and interest rates pose challenges for business expansion. Coca-Cola must comply with food safety and advertising laws to ensure the product meets regulations while appealing to consumer tastes.
ENVIRONMENT ON THE BUSINESS ACTIVITIES OF COCA COLA COFFEE PRODUCTS CO., LTD COCA COLA VIETNAM CO., LTD History and development of the company The history of Coca Cola in the world: May 8, 1886: Coca-Cola was invented and sold at the Jacobs pharmacy by John S.Pemperton. Up to now, Coca-Cola has been reaching consumers for 132 years. History of Coca Cola in Vietnam: In 1960, CocaCola was first introduced in Vietnam. In August 1995, Coca-Cola Indochia Pte (CCIL) had a joint venture with Vinafimex, a state-owned enterprise under the Ministry of Agriculture and Rural Development to form Coca-Cola Carbonated Beverage Co., Ltd. Ngoc Hoi in Hanoi. In January 2001, Chinh Phuc Vietnam allowed the merger of 3 businesses in the North, Central and South into a unified company called Coca-Cola Vietnam Co., Ltd., headquartered in Thu Duc, Ho Chi Minh City. Ho Chi Minh City and 2 branches in Ha Tay and Da Nang. With the aim of becoming a beverage brand for everyone, Coca-Cola has focused on consumers in its sustainable development strategy. In addition to considering the diverse tastes, Coca-Cola also focuses on research to adjust and improve the formula, reduce sugar in a reasonable way, towards bringing benefits to the health of people. used through the catalog of products. In each country, based on its understanding of consumers' tastes and the need to find quality products, Coca-Cola is constantly researching and launching new product lines with special features. own, new experiences. So responding to the hot wave of young people in the world, Coca-Cola Vietnam has started to produce Coca-Cola Café. Target customers from 18 to 40 years old, because in this age, the consumption of soft drinks and coffee is the highest. They like to be new, to be creative and ready to accept the new. At the same time, during this period, they study, work and work a lot, so they often use coffee. Coffee-flavored Coca-Cola that has both refreshment and alertness elements is easy to use. 2.2 The impact of the macro environment on the coffee-flavored coca cola product business of Vietnam Coca Cola Beverage Co., Ltd. 2.2.1 Demographics As of September 2018, Vietnam's population reached more than 96 million people, ranked 4th in the world in the population rankings of countries and territories .. With the age from 15 to 64 accounting for nearly 69.3%, Vietnam's population structure is considered very young, and in the period of "golden population structure".At the same time, people's income also gradually increases, therefore, consumption habits also change and there are new and higher demands on a certain product on the market. With 34.7% of the population concentrating on the city, having access to many social advances, and easier to know about new products on the market than in the plain and mountainous areas. Coffee-flavored Cocacola products are more accessible to people. The difference in consumption choice of both Men and Women also has a clear difference. According to the table of per capita Vietnamese spending on food by sex by NHThang, Comportement de consomatew Viet Namien pour les produits de ca fe (Memoire recherché), men's consumption for coffee, beverage thirst is much higher than that of women. In that way, they show others that they have bravery, ability and that can also be considered as their means of communication. This also makes CocaCola Coffee-flavored products a chance to get closer to this target consumer. However, it also gives the product challenges, such as: the taste must be strong with the pure coffee flavor while still bringing the essence of the original coca cola, etc.
Economy On March 1, 2018 Coca-Cola Vietnam Beverage officially
introduced a coffee-flavored Coca-Cola that has never appeared in Vietnam. Coca-Cola taste almost everyone has tried and is so familiar, but the new taste will make young people curious to taste more than ever. Coca-Cola has a new flavor of pure coffee that promises to be a companion to help you stay awake, awaken the ability to focus in the middle of the hour or after a lunch break, arousing an exciting spirit of learning and working. . Currently, Coca-Cola coffee products have capacities in cans of 330ml and bottles of 390ml. With such a convenient design, you are very easy to hold, carry while having fun, participate in outdoor activities or just drink to "live a fresh day". Especially with only 12,000 VND / can, which is suitable for everyone from urban to rural areas, they can enjoy this delicious drink. Currently, Vietnam is a market with abundant young labor force, people's income has also increased significantly, their lives are also better. That also affects the consumption habits and shopping needs of everyone. However, for only 12,000 VND per can of Coca-Cola, anyone from urban to rural areas can buy and enjoy it. * Economic growth 2013 2014 2015 2016 2017 Growth rate (%) 5.42 5.98 6.68 6.21 6.81 Vietnam's economic growth tended to increase from 2013-2015 but 2015-2016 decreased then increased again. and according to the National Center for Socio- Economic Information and Forecasting (NCIF), which has just released its forecast, the GDP growth rate in 2018 may reach 7.02%. Economic growth leads to more spending of customers, company can expand operations and gain high profits. * Interest rate In 2017, the preferential packages of major banks are usually fixed at 7-8% / year. Then in 2018, interest rates will increase from 8-9% at the beginning of the year. This makes it difficult for businesses to borrow capital for investment, expand production, ... * Inflation: Inflation in Vietnam is high. The inflation rate in 2015 was 0.63%, reaching a record level in the past years, in 2016 it was 4.74%, in 2017 it was 3.53%. According to IMF forecasts that inflation in Vietnam will grow by 6.6% in 2018 and 6.5% in 2019. → High inflation, prices of commodities will increase, consumers try to cut down unnecessary spending, consumption decreased. Moreover, the unstable economy will make it difficult for the company's business. From the contents of the economic environment, the company will have opportunities and challenges when trading this product: + Opportunities: Coca-Cola has a large business capital. Average product prices are preferred by many people. • In the era of globalization, Coca-Cola has created a great opportunity to penetrate into the markets of countries around the world. Science and technology are increasingly developing, helping Coca-Cola have the opportunity to apply modern technologies to its production line. Vietnam is a country with a young population structure that helps to create abundant and cheap labor. + Challenges: Vietnam's interest rate is high, making it difficult to borrow capital for investment to expand production. Inflation in Vietnam is high, commodity prices increase rapidly so consumers will cut down on unnecessary consumer goods, choose cheap products; Unstable economy will affect economic activities. joint venture company. 2.2.3 Nature * Positive: - Vietnam's hot and humid weather is a "catalyst" that catalyzes the sales of drinking water, facilitates the consumption of coffee coca - Is a coca product -Coffee, so an indispensable ingredient is coffee. Referring to coffee, it is impossible not to mention the Central Highlands - a land famous for its delicious coffee quality. Coffee flavor is a combination of innovative and unique science and technology between the exciting and exciting Coca-Cola flavor and pure coffee. With the rapid development of science and technology, the digital age, the appearance of a series of products increases the level of competition in the market. Coca-Cola is constantly researching and launching new products, new products. Coke with specific ingredients in 100ml capacity, 50% reduction in sugar. Products are constantly offering consumers high quality products to serve the needs, tastes, diets and diverse lifestyles of users. Coca-Cola is designed with an attractive appearance and packaging.To get closer to coca-cola consumers use product marketing by: giving a coca-coffee trial at university, at various locations. selling, marketing products in the market ... Recently, excitedly at the Olympic Games. + With the current development of consumer protection groups, it will be a challenge for companies as this will increase the position of consumers, forcing companies to take more responsibility for safety. products, advertising honestly and culturally, ... With the above advantages and challenges, it requires Coca-Cola Company to develop and launch special products that are highly competitive, suitable for consumer tastes. At the same time, you must also comply with regulations on product safety and comply with legal regulations such as: -Food safety law: This Law provides for the rights and obligations of organizations and individuals to ensure safety. whole food; safety assurance conditions for food, food production and trading and food import and export; advertising and labeling of food; food testing; risk analysis for food safety; to prevent, prevent and remedy food safety problems; information, education and communication on food safety; responsibility for state management of food safety. CONCLUSION CoCaCola Café flavor is a product with many advantages and many innovative and new points that need to be invested by the company to develop.