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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Heineken Vietnam’s Q1 revenue expands amid national market decline
The beer market in Vietnam declined by a mid-single-digit in the first quarter of this year, but Heineken’s net revenue (per before exceptional items and amortization-beia formula) was up in the mid-teens, the Dutch brewer said Wednesday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Heineken’s operating profit in Vietnam drops 32% in 2023
Heineken’s operating profit (per before exceptional items and amortization-beia formula) in Vietnam dropped 32% year-on-year last year, according to the Dutch brewer’s 2023 performance review.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Heineken plans 50% production expansion in Danang
Dutch brewer Heineken plans to complete a project to expand its Danang brewery’s annual capacity from 330 million liters to 500 million liters, or 51% increase, this year.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
Carlsberg biggest foreign contributor to Thua Thien-Hue province budget
Carlsberg Vietnam Breweries Ltd. paid VND3.5 trillion ($143.5 million) to Thua Thien-Hue province in 2023, making it the biggest contributor in the foreign-invested sector to the provincial budget.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
How leading Vietnam brewer Habeco has 'surfed rough waves'
Facing continuous difficulties in terms of policies, consumer markets and input materials, Habeco – a 60-year-old Vietnamese beer brand - has applied innovative solutions over the years to enhance its products, sales channels and inventory management in order to survive.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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, Dec 22, 2021 | 11:30 am GMT+7
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 - 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
Heineken sells less beer in Jan-Sep, Vietnam major factor in fall
Dutch beer maker Heineken recorded a 5.2% fall in organic sales volume in the first nine months of this year, with Vietnam and Nigeria accounting for 2.6 percentage points of the fall, said CFO Harold van den Broek.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korean soju producer HiteJinro to invest $100 mln in northern Vietnam
South Korean drink, brewing and distillery firm HiteJinro, a leading producer of soju, plans to invest $100 million in Lien Ha Thai Industrial Park, Thai Binh province.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam beer market falls 6% in Q2 due to economic slowdown: Carlsberg
The Vietnamese beer market declined 6% in the second quarter of this year due to the macroeconomic slowdown, but finished flat for the first half, said Carlsberg CEO Cees’t Hart.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam underperformance impacts Heineken’s H1 sales
Vietnam contributed significantly to a 5.6% year-on-year fall in Heineken's global sales in the first half of the year, says the leading beer maker.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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, 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
ThaiBev-backed brewer Sabeco sees market cap down $1 bln after two months
Top Vietnamese brewer Sabeco, where Thai beverage giant ThaiBev holds a 64% stake, has witnessed its market capitalization down by VND23.4 trillion (nearly $1 billion) in the last two months to about VND100 trillion ($4.26 billion).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Top Vietnamese brewer Sabeco names new general director
Vietnam’s top brewer Sabeco has announced the appointment of Lester Tan Teck Chuan as its new general director from October 1.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Top brewer Sabeco eyes acquisition of 2 loss-making firms
Vietnam’s top brewer Sabeco, owned by Bangkok-based ThaiBev, is looking to increase its ownership in two loss-making companies, namely Saigon Binh Tay Beer Group JSC (Sabibeco Group) and Saigon Packaging Group JSC.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Southeast Asia beverage market heats up with Carabao’s diversification into beer
Southeast Asian beverage markets, with Vietnam as a hub due to its population of almost 100 million people, are getting more crowded as Thai energy drink maker Carabao prepares to invest 4 billion baht (over $120 million) to produce beer locally.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Top brewer Sabeco earns $235 mln profit in 2022
Vietnam’s leading beer maker Sabeco, owned by Thailand's ThaiBev, achieved an after-tax profit of nearly VND5,500 billion ($234.6 million) in 2022, up 40% year-on-year and the highest level since it was acquired by the Thai group at the end of 2017.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Brewer Habeco sees 2022 profit surge 63%
Leading Vietnamese brewer Habeco has reported after-tax profit of VND527 billion ($22.47 million) for 2022, up 63% year-on-year and equal to 138% of its target.
Companies - 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
Vietnam’s industrial production index up 7.8% in 2022
Vietnam’s index of industrial production (IIP) in 2022 went up 7.8% year-on-year, with a growth of 6.8% recorded in Q1, 9.8% in Q2, 10.9% in Q3, and 3% in Q4.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Heineken to expand its biggest Southeast Asia brewery in southern Vietnam
Heineken Vietnam will invest an additional $142 million in its brewery in Ba Ria-Vung Tau province to expand the plant's capacity from 11 million hectoliters (hl) to 16 million.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Leading brewer Sabeco speeds up phase-two shakeup
Vietnam’s top beer maker Sabeco, owned by Bangkok-based ThaiBev, is accelerating its phase-two business restructuring toward becoming an international brewer, Sabeco CEO Neo Bennett said Wednesday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Brewer giant Sabeco scores $178 mln profit in 9 months
Sabeco, owned by Thailand’s largest beverage maker ThaiBev, reported an after-tax profit of VND4,424 billion ($178 million) in the first nine months of the year, up 75% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Heineken opens Southeast Asia’s biggest brewery in southern Vietnam
Heineken Vietnam inaugurated an expanded brewery in Ba Ria-Vung Tau province Saturday, saying it was the the biggest in Southeast Asia and used 100% renewable energy.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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