Vietnam had previously signed free trade agreements with the European Union, Australia, and New Zealand in 2018 and 2019, leading to the gradual elimination of tariffs on wine. However, the 60% excise tax could negate the benefits of these agreements. Read More
Asia
American wine auction house Zachys has reportedly closed its Hong Kong office after 17 years of operation, marking a shocking retreat from Asia's key fine wine hub. Read More
Even though a US$10 ex-cellar wine can retail for as much as US$100 in India, this Master of Wine believes there’s never been a better time to enter the market. Read More
The shortfall, compounded by the conspicuous absence of key buyers from mainland China and Hong Kong, casts a spotlight on shifting regional priorities and rising cost concerns surrounding the fair. Read More
Following LVMH’s announcement of job cuts within its wines and spirits division, beer giant Budweiser has also confirmed workforce reductions across the Asia-Pacific region. Read More
Vinexpo Academy, the educational arm of the event, will feature more than 30 sessions focusing on consumer behavior, market trends, and technological innovation. The program aims to give professionals tools to adapt to a fast-evolving marketplace and capture new growth opportunities. Read More
The California Wine Institute has appointed its first-ever North Asia sommelier ambassadors following a four-day bootcamp held in Tokyo and the Izu Peninsula from May 12 to 15. Read More
This year's ProWine Hong Kong will feature broadened international participation, an expanded wine and spirits showcase, and the debut release of its China market report. Read More
India recorded a staggering 30,017% surge in Spanish wine imports in 2023 — yet the spike caught nearly everyone in the industry by surprise. Read More
Global markets can carry on without the US, Suntory Holdings Ltd. Chairman and CEO warned in a Bloomberg TV interview, saying President Donald Trump’s threatened tariffs are killing investor appetite for U.S. ventures. Read More