Thai-controlled brewer Sabeco sees sales, profit grow after troublesome 2023
Ho Chi Minh City-based Sabeco, which is 53.59% owned by Thai-controlled Vietnam Beverage Co. and 36% by the industry ministry, reported increases in both revenue and profit in Q1/2024 despite being hard-hit by a campaign against drunk driving.
Companies - Tue, May 7, 2024 | 10:30 am
Brewer giant Habeco posts biggest quarterly loss in 4 years
Habeco, among the top four brewers in Vietnam by market share, suffered a net loss of VND21 billion ($828,570) in the first quarter of 2024, up nearly sixfold from the same period last year.
Companies - Wed, May 1, 2024 | 7:00 am
Bitter taste to linger for Vietnam beer makers
Several beer makers in Vietnam including giants Sabeco and Habeco posted a sharp year-on-year decrease in revenue and/or profit in Q4/2023 and for the whole year.
Companies - Mon, February 19, 2024 | 7:51 pm
Vietnam’s strict drink driving rules dampen brewers' spirits
An unprecedentedly strict campaign against driving under the influence (DUI) launched in 2020 has sent alcoholic drinks sales as well as brewers’ earnings in Vietnam plunging.
A year in review and 2024 forecasts - Mon, February 5, 2024 | 11:14 am
Chuong Duong Beverages at risk of being delisted due to prolonged losses
Chuong Duong Beverages Joint Stock Company, of which top brewer Sabeco holds a 62.06% stake, is at risk of being delisted after an unsuccessful business year with a record loss of VND119 billion ($4.83 million) in 2023.
Finance - Fri, January 26, 2024 | 10:04 am
How former Vinacomin 'boss' secretly took control of Ha Long Beer
Mentioning beer businesses in Vietnam, people often think about big brands such as Sabeco, Habeco and Heineken, but few know that there is another famous 35-year-old brand - Ha Long Beer.
Companies - Wed, December 20, 2023 | 1:58 pm
ThaBev earns $1.72 bln revenue from Vietnam operations in Sept 2022-Sept 2023
Thailand’s biggest beverage firm Thai Beverage (ThaiBev) earned revenue of THB59,961 million ($1.72 billion) in Vietnam in fiscal year 2023 (Sept 2022-Sept 2023), down 5.7% year-on-year.
Companies - Mon, December 18, 2023 | 11:57 am
Vietnam top brewer Sabeco to pay 15% dividend, Thai owner to receive $42 mln
Vietnam Beverage Company Limited, indirectly owned by Thai beverage giant ThaiBev, is set to receive VND1,030 billion ($42.4 million) from a dividend payout by Vietnam’s top brewer Sabeco.
Companies - Fri, December 8, 2023 | 8:58 am
Top brewer Sabeco reports 23% decline in Q3 profits
Vietnam’s leading beer maker Sabeco, owned by Thailand's ThaiBev, has reported an after-tax profit of VND1.07 trillion ($43.7 million) in the third quarter of 2023, down 23% year-on-year.
Companies - Sat, October 28, 2023 | 9:20 am
Beer-maker dethrones steelmaker as biggest domestic tax payer in central Vietnam province
Saigon-Ha Tinh Beer has surpassed Taiwan-invested Formosa Ha Tinh Steel Corporation (FHS) to become the biggest Jan-Sept domestic taxpayer in the central province of Ha Tinh.
Companies - Tue, October 10, 2023 | 4:44 pm
Sabeco appoints Lester Tan as new general director
Sabeco, a leading beer maker in Vietnam, has appointed Lester Tan Teck Chuan, a Singaporean national, as its new general director, effective from October 1.
Companies - Sat, October 7, 2023 | 6:27 pm
HCMC court suspends 'faulty beer bottles' lawsuit against brewer Sabeco
The Ho Chi Minh City People’s Court on Tuesday decided to suspend a lawsuit filed by a local resident five years ago against Vietnam’s largest brewer Sabeco for compensation over “faulty beer bottles” due to the plaintiff’s repeated absences.
Society - Wed, September 27, 2023 | 11:25 am
Top brewer Sabeco reports $94 mln H1 profit, down 27%
Vietnam’s leading beer maker Sabeco, owned by Thailand's ThaiBev, has reported first-half after-tax profits of VND2.21 trillion ($93.5 million), down 27% year-on-year.
Companies - Thu, July 27, 2023 | 9:31 pm
Vietnam beer market worth $12 bln: Heineken
Vietnam’s beer market retail sales value reached EUR11 billion ($12.07 billion) in 2022, Heineken said in a recent review, adding that it held the leading market position in the country.
Companies - Mon, July 10, 2023 | 3:10 pm
- Editor’s Picks
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LG’s chemicals arm records modest 2023 profits in Vietnam
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Firms with 500,000 kWh per month minimum consumption to become DPPA buyer: draft rule
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SCG aims to fire up $5.4 bln Long Son Petrochemicals Complex in August
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Thailand Kasikornbank’s Vietnam branch sees 2023 loss widen to $7.4 mln
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AG&P LNG to start operating southern Vietnam LNG terminal in Sept
- Editor’s Picks
-
LG’s chemicals arm records modest 2023 profits in Vietnam
-
Firms with 500,000 kWh per month minimum consumption to become DPPA buyer: draft rule
-
SCG aims to fire up $5.4 bln Long Son Petrochemicals Complex in August
-
Thailand Kasikornbank’s Vietnam branch sees 2023 loss widen to $7.4 mln
-
AG&P LNG to start operating southern Vietnam LNG terminal in Sept
