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DrinkAid BÁO CÁO CUỐI KÌ
DrinkAid BÁO CÁO CUỐI KÌ
DrinkAid BÁO CÁO CUỐI KÌ
FINAL REPORT
OF DRINKAID
08/2023
TABLE OF CONTENTS
COMMITMENT..........................................................................................................................................6
ACKNOWLEDGEMENT...........................................................................................................................7
LECTURER’S COMMENTS.....................................................................................................................8
INTRODUCTION......................................................................................................................................11
1. Introducti on to DrinkAid.................................................................................................................13
2.1. Political:......................................................................................................................................15
2.1.4. Assessment..................................................................................................................................17
2.2. Economic.....................................................................................................................................17
2.3. Social:..........................................................................................................................................24
2.3.1. Relegion.......................................................................................................................................24
2.3.2. Festival.........................................................................................................................................24
2.3.4. Assessment..................................................................................................................................25
2.4. Technology..................................................................................................................................26
2.4.3. Assessment..................................................................................................................................27
2.5. Environment:..............................................................................................................................27
2.5.4. Assessment..................................................................................................................................30
2.6. Legal:...........................................................................................................................................30
2.6.5. Assessment..................................................................................................................................34
2.7.1. Retailer........................................................................................................................................34
3.1.1. Segmentation...............................................................................................................................37
3.1.1.1 Demography........................................................................................................37
3.1.1.2 Geography...........................................................................................................38
3.1.1.3 Psychology...........................................................................................................38
3.1.2. Targeting.....................................................................................................................................38
3.1.3. Differentiation.............................................................................................................................42
3.1.4. Positioning...................................................................................................................................45
3.2.4. KPI...............................................................................................................................................48
3.2.6.2 E-commerce.........................................................................................................52
3.2.7. PR.................................................................................................................................................55
3.2.7.1 PR Objective for the “Chỉ với 2 viên-Cơn say tan biến” campaign...............55
3.2.7.3 PR Tactic for the “Chỉ với 2 viên - Cơn say tan biến” campaign...................57
4. Conclusion..........................................................................................................................................58
REFERENCES...........................................................................................................................................59
Figure 1 - DrinkAid.....................................................................................................................12
Figure 2 - Organizational chart of Vietnam's political system................................................15
Figure 3 - Vietnam GDP growth chart 2011 - 2022..................................................................17
Figure 4 - Vietnam trade index chart first half of 2023...........................................................18
Figure 5 - Top 10 countries Vietnam exports goods to in first half of 2023...........................18
Figure 6 - Top 10 countries Vietnam imports goods from in first half of 2023.....................20
Figure 7 - Export and import situation in Vietnam in the first 6 months of 2023.................21
Figure 8 – Work by quarter, period 2020 - 2123......................................................................22
Figure 9 - Inflation situation in Vietnam in first half of 2023.................................................22
Figure 10 - Customer persona....................................................................................................38
Figure 11 – Logo’s DrinkAid......................................................................................................40
Figure 12 – Positioning Map.......................................................................................................43
Figure 13 – Master plan..............................................................................................................46
Figure 14 – Action plan...............................................................................................................47
Figure 15 – Overview of social media use..................................................................................49
Figure 16 - Top 5 popular e-commerce platforms on social networks in 2022......................51
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LECTURER'S SIGNATURE
Because of that, many people feel apprehensive about going out to see their partners
or forcing them to refuse to enjoy parties with friends for fear that they will not be able to go
to work tomorrow morning because they are tired. Understanding the thoughts of Vietnamese
consumers, our team decided to choose the No. 1 alcohol detox product in Singapore -
DrinkAid for Vietnam market with the desire to change customers' drinking experience and
make them feel less worried about their side effects.
STRENGTHS: WEAKNESSES:
Affordable price. Low brand awareness in
Ingredients are 100% organic and the Vietnam market.
vegan-friendly. Delivery time will be
Help to reduce Asian flush – this effect longer than the domestic
is rarely seen on sober-up products. seller.
Lab-tested & GMP Certified.
Good packaging with minimalist design
style, convenient to carry out (individual
packaging, 2 capsules/bag - 6 bags/box).
OPPORTUNITIES: THREATS:
Drinking is popular in Vietnam, Direct competitor: Rohto,
especially during Tet (Lunar New Year) Inno.N, Nhất Nhất, Nam
or public holidays. dược,…
Vietnam is 3rd rank in alcohol Leading brand with many
consumption in Asia, 2nd in SouthEast Hangover supplement
Asia (VTV News). (1) retailers or Pharmacies
Suitable for people who usually have a offer many brands with
meeting with clients for business. various kinds of choice and
Vietnamese use alcohol often around 1-2 a great deal.
times/ week (Q&Me Report). (2)
People feel better and relieve stress when
drinking (buzz metrics). (3)
Nearly 50% drink when people gather
13% drink on special occasions.
The rest is to experience, gossip,
celebrate
FIGURE 7 - EXPORT AND IMPORT SITUATION IN VIETNAM IN THE FIRST 6 MONTHS OF 2023
2.2.5. Assessment
Vietnam's robust GDP growth over 6% in recent years signifies its economic
vitality and rapidly expanding consumer market – attractive factors for
companies considering entry or expansion. Double-digit export growth in key
sectors likewise underscores Vietnam's strengths as a manufacturing and export
base thanks to its relatively low costs and young workforce.
However, Vietnam's narrowing trade surplus and rising import dependence,
especially for pharmaceuticals, highlight potential supply chain vulnerabilities
that firms need to manage through localization and diversification. Moreover,
while positive labor trends exist, upgrading workforce skills remains imperative.
Persistent inflationary pressure from global commodity prices and currency
devaluation also warrants careful monitoring given its impact on costs. Pricing
strategies should remain flexible. Finally, the strong presence of Singaporean
investors reinforces Vietnam's draw, presenting opportunities for synergistic
partnerships between Singaporean and Vietnamese companies.
In summary, Vietnam's ascendance as a growth market is clear, but prudent
management of macroeconomic risks, human capital development, and supply
side stability is key to sustainable success there.
- Office workers: are individuals who may engage in social drinking after
work or during business meetings. These individuals may be looking for a
quick and effective solution to alleviate the effects of alcohol, allowing
them to function normally the next day. DrinkAid's product offering is
ideal for this segment as it provides a convenient and effective solution to
alleviate the effects of alcohol.
- Service industry workers: individuals who work in industries that require
frequent alcohol consumption are likely to be event organizers, restaurant
staff, bartenders, and club workers. These individuals may need to
consume alcohol as part of their job, and DrinkAid's product can help
them to function normally and avoid the negative effects of alcohol
consumption. This segment will likely be a repeat customer base, as they
may need to use DrinkAid's product frequently as part of their job.
Psychographics - Busy and demanding work schedule, often working long hours.
- Feel the need for a supportive product to alleviate alcohol-related
symptoms.
- Care about the price, but cheap is not necessarily good because they
demand the product quality they deserve.
Pain Points - Experiences fatigue, lack of focus, and reduced productivity due to
alcohol consumption.
FIGURE 11 – L OGO ’S
DRINK AID
- Color: The choice of white and red creates a strong and contrasting
combination. White can symbolize the recovery and purity that DrinkAid aims to
provide. Red is associated with energy, determination, and attention-grabbing
qualities. The color red can make the brand stand out and attract attention.
- Image: DrinkAid's logo, featuring white and red as the primary colors, should
establish a professional, reliable, and supportive brand image. Besides, it should
evoke feelings of recovery, health, and purity.
Service
DrinkAid has developed a high-quality customer care service through social
media, specifically Facebook and Instagram. This allows us to reach many
In addition, DrinkAid focuses not only on selling the product but also on caring
for the customer's experience after purchase. Customers can contact DrinkAid
through our Facebook page when they encounter issues or require support. The
customer care team promptly responds and resolves problems, ensuring customer
satisfaction and trust.
In a nutshell, customers can learn about the product and receive post-purchase
support. This demonstrates DrinkAid's commitment to customer satisfaction and
providing the best experience for its customers.
Channel
- The distribution channel of DrinkAid in the Vietnamese market primarily
focuses on utilizing e-commerce platforms such as Shopee and Tiki to reach
potential customers and the brand's target audience. This approach is
advantageous for a relatively new brand like DrinkAid as it allows them to access
a large number of online consumers.
- By using e-commerce platforms, DrinkAid can leverage the popularity and
convenience of online shopping in Vietnam. Consumers can easily search for and
purchase DrinkAid products through the mobile applications or websites of
Shopee and Tiki. This helps the brand expand its reach to a wider customer base,
including consumers in remote areas that may be difficult to access.
- Besides enhancing customer reach, using e-commerce platforms also helps
DrinkAid save operational costs compared to opening traditional brick-and-
mortar stores. The brand does not need to invest in renting physical spaces and
3.1.4. Positioning
Brand statement:
“We created DrinkAid with one aim in mind - to make alcohol consumption a
more enjoyable experience for everyone. This means reducing the common side
effects associated with alcohol - all so you can have better nights and even better
mornings.”
Value proposition:
The solution for everyone exposed to alcoholic beverages: DrinkAid helps
reduce acetaldehyde levels, feel refreshed after drinking, get more restful sleep,
and reduce Asian flush, enabling customers to maintain focus and high
productivity while safeguarding their health.
Natural and safe: DrinkAid commits to using natural ingredients that are safe
and provide peace of mind to customers.
Convenient and Easy to Use: DrinkAid’s tablets or ready-to-drink solutions
offer convenience, allowing customers to carry and use them effortlessly
whenever needed.
Positioning map:
Brand Awareness and convenience products in the functional food market for
alcohol detoxification in Vietnam.
3.2.4. KPI
We expect to sell 18,000 products within 6 months of running the campaign
(estimated revenue 6,120,000,000).
3.2.5. Marketing Budget
Social Network Management And Internet Marketing: We pay 4.500.000
VND for running ads on both Facebook and Instagram.
Advertising: We pay 701.500.000 VND for using wide-area media such as
TVC, outdoor advertising, indoor advertising.
Direct Marketing: We pay 49.600.000 VND for using POSM (standee and
tester).
KOCs - KOLs - Celebrity: We pay 362.000.000 VND for using KOCs -
KOLs - Celebrity.
Sale Promotion: We pay 34.000.000 VND for releasing discount codes on
E-commerce platforms.
DrinkAid will bring its TVC to the two largest television stations in Vietnam in
both regions of the country - HTV and VTV. Go to HTV7 at 19:00-19:30 and
VTV3 from 18:50-19:00.
Direct Marketing:
Contact to order standees at restaurants that sell alcoholic beverages, choose
restaurants in the center, designed to suit office workers and young people. In
addition, samples will be sent to the mentioned bars, pubs, karaoke rooms and
restaurants so that users can see and try the product.
KOCs - KOLs - Celebrity:
Choose the duo KOC Quyen Nam Station as the brand ambassador. This is a
pretty reputable bartender couple in the community as well as having won many
awards at home and abroad. Besides, Quyen Nam also gained some reputation
and influence among users who like alcoholic beverages. Cooperate with the
ambassador for 6 months.
Choose 2 microphone KOLs of FnB and Lifestyle industries to collaborate on
posting more product review video clips.
Sponsor 2 MVs of rapper-singer duo BigDaddy and Emily because their
audience and followers are suitable for potential customers of the brand.
Facebook Instagram
There are 66.20 million users in Vietnam There are 10.35 million users in Vietnam
3.2.6.2. x
Plan:
3.2.7. PR
3.2.7.1. PR Objective for the “Chỉ với 2 viên-Cơn say tan biến” campaign
Raise customers' awareness about safe alcohol consumption to ensure
their health to work the next day. Due to the nature of the job, often having
to receive partners or being forced to use alcohol at parties with friends
makes customers tired, not alert, and less effective the next day. Therefore,
using a hangover pill is the best solution for customers to have a better
drinking experience and wish to avoid side effects caused by alcohol such as
blushing, headache, etc.
It is essential to have clear and consistent messaging to communicate
DrinkAid's benefits effectively. The key messages will revolve around
DrinkAid's fast-acting formula, scientific backing, and its ability to alleviate
the most common hangover symptoms such as headaches, fatigue, and
nausea. By highlighting the product's natural ingredients and compatibility
with various lifestyles, we will position DrinkAid as a healthy and
responsible choice. By using DrinkAid's hangover pills, customers can
safely enjoy the party with friends without thinking about the side effects of
alcohol. This campaign also will focus on convincing clients to use safe
hangover pills so as not to affect the quality of their work the next day.
The PR objective of this campaign is to give consumers the self-
assurance and comfort they need to consume alcohol without hesitating their
decision to turn down a friend's offer to drink or seek a leave of absence the
following morning in the office.
3.2.7.2. PR Strategies for the “Chỉ với 2 viên - Cơn say tan ” campaign
4. Conclusion
From the analysis of the Macro environment of Vietnam in Part 2, we have partly seen
that Vietnam is a lucrative market not only for DrinkAid in particular but also for other
alcohol products in the market in general. However, how to win this delicious piece of
cake depends greatly on the strategic thinking of each manager. Part 3.4 is our team's idea
of developing this product in the Vietnamese market. With all the knowledge learned
from this subject, our team is confident to say that our team's plan can make DrinkAid a
formidable opponent in today's antidote.