Carlsberg remains 4th biggest beer seller in Vietnam with 8% market share
Carlsberg remained the fourth largest beer seller in Vietnam with 8% of the market share by September 2023, according to Carlsberg’s 2023 performance review.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Tet cheer muted as Hanoi restaurants, pubs see few customers
The usual festive cheer has been markedly absent at Hanoi’s restaurant chains and pubs in the run up to the Lunar New Year holiday (Tet), usually the peak time for business during the whole year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Weak macroeconomy hits Carlsberg volume sales in Vietnam: CFO
A weak macroeconomy and consequentially more price-sensitive consumers have driven down Carlsberg’s volume sales in Vietnam in the third quarter of 2023, said CFO Ulrica Fearn.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hanoi Vodka maker records 25 consecutive quarter losses
Hanoi Liquor JSC (Halico), producer of Hanoi Vodka, has posted losses for 25 consecutive quarters, with a pre-tax loss of over VND2.1 billion ($88,800) in Q2/2023.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Tax on alcoholic beverages should only be raised after 2025: businessman
Any changes to the special consumption tax (SCT) on alcohol and beer should only be made after 2025 when the Vietnamese economy and businesses bounce back, said Phan Dang Tuat, president of the Vietnam Association for Supporting Industries (VASI) and former chairman of top Vietnamese brewer Sabeco.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Now’s not the time to hike special consumption tax on liquor: workshop
Vietnam should delay any hike in the special consumption tax (SCT) levied on the liquor industry amidst persistent negative impacts of the Covid-19 pandemic, experts and industry insiders say.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Finance ministry proposes higher tax on alcohol, beer
Vietnam’s Ministry of Finance (MoF) has proposed a higher special consumption tax (SCT) on alcohol and beer which would mean prices would increase by at least 10% to match income growth and inflation.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Illicit alcohol accounts for 63% of Vietnam consumption
Illicit and unregulated alcohol accounts for 63% of consumption in Vietnam, said Nguyen Van Viet, chairman of the Vietnam Alcohol-Beer-Beverage Association (VBA).
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Alcohol major Halico records loss over 21 consecutive quarters
Hanoi Liquor JSC (Halico), producer of Hanoi Vodka, made a loss of over VND2.3 billion ($98,300) in the second quarter, posting losses for 21 consecutive quarters.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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Society - Update 4 day ago
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No offshore wind projects in Vietnam until 2028: global council
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