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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
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
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, 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
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
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
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - 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
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
Brewer Habeco reports loss for first time in 3 years
Leading Vietnamese brewer Habeco reported a loss of VND3.7 billion ($157,700) in the first quarter of this year, while Sabeco, owned by Bangkok-based ThaiBev, posted an after-tax profit of over VND1 trillion ($42.79 million), down 19% year-on-year.
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
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
Sabeco brews highest profit in five years
Sabeco’s after-tax profit of $77 million in the second quarter marked a record quarterly high since ThaiBev became the brewer’s majority shareholder five years ago.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s largest brewer Sabeco eyes 17% profit increase
Sabeco, owned by Thailand’s largest beverage maker ThaiBev, expects 32% and 17% rises in this year’s revenue and after-tax profit, respectively.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vinhomes, banks among top tax payers
Banks dominated the list of biggest tax payers on Vietnam’s bourses in 2021, while the champion is Vingroup, the country’s largest listed company by market cap.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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