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
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
Honda, Unilever, Heineken top foreign taypayers in Vietnam
Automaker Honda remained the biggest foreign taxpayer in Vietnam in 2022, according to the General Department of Taxation’s latest list of the top 1,000 contributors of corporate income tax (CIT).
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
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
Heineken to channel additional $500 mln into Vietnam
Dutch brewery giant Heineken will pour a further $500 million into Vietnam in the coming years, where its total investment has reached $1 billion, said CEO Dolf van den Brink.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s beverage sector to grow strongly: Kantar World Panel
Vietnam’s beverage sector recovered in the third quarter of this year and is expected to grow strongly in the next phase, according to Kantar World Panel, a market analyzer.
Industries - 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
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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