Swire Coca-Cola earns 2023 profit of $44 mln in Vietnam
Swire Coca-Cola, the beverage division under Hong Kong-based Swire Pacific, earned a revenue of KHD3,734 million ($476.4 million) in Vietnam in 2023, the parent firm said in its annual report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Suntory PepsiCo begins work on sixth Vietnam factory
Suntory PepsiCo Vietnam Beverage, a joint venture between Japan-based Suntory and U.S.-based PepsiCo, began building a $300-million factory in the southern Vietnam province of Long An on Monday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan's Suntory earns $950 mln from 2023 beverage business in Vietnam
Japan-based brewing and distilling firm Suntory, a partner in Vietnam-based Suntory PepsiCo Vietnam Beverage, earned an organic revenue of JPY143.4 billion ($947 million) from beverage business in the Southeast Asian country in 2023.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam third largest market for Hong Kong-based Coca-Cola bottler
Hong Kong-based Swire Pacific, a Coca-Cola bottler, says Vietnam sales of 155 million unit cases in 2023 made the country the company’s third largest market in the world.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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, 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
Coca-Cola earns $439 mln from refranchising Vietnam bottling operations in 2023
The Coca-Cola Company earned $439 million from refranchising its bottling operations in Vietnam in 2023, the beverage giant said in a performance review.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Coca-Cola bottlers agree on north ASEAN partnership
The Coca-Cola Company, Swire Coca-Cola Limited, and ThaiNamthip Corporation Limited have agreed to establish a strategic bottling alliance in northern ASEAN - Thailand, Laos, Cambodia and Vietnam.
Companies - 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
Vietnam spends $1.4 bln on food delivery in 2023, up 30%: Momentum Works
Food delivery services in Vietnam reached a gross merchandise value (GMV) of $1.4 billion in 2023, up 30% year-on-year, according to Singapore-based market researcher Momentum Works.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korean soju producer HiteJinro spends $8 mln on leasing land in northern Vietnam
South Korean drink, brewing and distillery firm HiteJinro, a leading producer of soju, has spent VND191.3 billion ($7.8 million) on leasing 8.2 hectares for a project in Vietnam’s northern province of Thai Binh.
Industries - 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
Japan beverage firm Suntory posts organic Jan-Sep revenue of $727 mln in Vietnam
Japan-based multinational brewing and distilling firm Suntory recorded organic revenue of JPY107.8 billion ($727.4 million) in the first three quarters of this year, according to the firm’s report for the period in Vietnam.
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
Over 40% of F&B firms in Vietnam record lower revenues in H1
Over 40% of food & beverage (F&B) firms in Vietnam recorded lower revenues in the first six months of this year according to a survey by iPOS.vn, a major provider of restaurant management solutions.
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
Swire Coca-Cola posts $237 mln revenue from Vietnam in H1
Hong Kong-based Swire Coca-Cola acquired the entire Coca-Cola bottling business in Vietnam in January and then posted a revenue of HKD1,856 million ($237.4 million) from Vietnam operation in the first half of 2023.
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
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
Suntory Pepsico to open $189 mln southern Vietnam factory in 2026
Suntory Pepsico Vietnam Beverage, producer of carbonated soft drink Pepsi in Vietnam, plans to put its VND4.43 trillion ($188.6 million) factory in Long An province into operation in the first quarter of 2026, said Taka Sanno, CEO of Suntory Beverage & Food Asia Pacific.
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
Special consumption tax on sugary drinks not suitable: business associations
Applying a special consumption tax (SCT) on sugary drinks is not suitable, EuroCham, AmCham, and the Vietnam Beer-Alcohol-Beverage Association (VBA) have said in response to a draft amended law.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Finance ministry proposes special consumption tax on sugary drinks
Vietnam’s Ministry of Finance has again proposed levying special consumption tax on sugary drinks after similar suggestions in 2014 and 2017 were rejected, according to a draft amended Excise Tax Law.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Suntory PepsiCo plans $39 million factory expansion in southern Vietnam
Suntory PepsiCo Vietnam Beverage Company plans to invest $38.8 million more in its factory in the southern city of Can Tho to build new production lines for purified water and tea.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Drinks-maker Carabao harnesses sports to go global
Thai beverage giant Carabao Group has been building its global branding via a sports marketing strategy to penetrate international markets, and is targeting Vietnam's 100-million population, Carabao chairman Sathien Setthasit said while announcing in Ho Chi Minh City Friday that his group will be the main sponsor for Hoang Anh Gia Lai Football Club for the next two years.
Executive Talk - 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
KFC, Phuc Long Coffee & Tea most popular F&B businesses on Vietnam social media
KFC and Phuc Long Coffee & Tea were the two most popular food & beverage businesses on social media in Vietnam last year, according to local consulting firm Reputa.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam food & beverage market could grow to $31 bln in 2023
Vietnam’s food & beverage market could grow 18.26% from $25.97 billion in 2022 to $30.71 billion in 2023, according to a report by iPOS.vn, a provider of restaurant management solutions.
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
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