ThaiBev collects $416 mln in dividends from Sabeco over 7 years
Vietnam Beverage, wholly owned by Thai Beverage, has raked in a combined VND10.6 trillion ($416.4 million at the current rate) worth of dividends from Sabeco since acquiring the country's former largest brewer seven years ago.
Sabeco plans to spend VND4.49 trillion ($176.33 million) on paying a cash dividend of VND3,500 a share for 2023. An interim dividend of VND1,500/share was paid in February, while the remainder is due next month.
 
  Bia Saigon Lager cans at a Sabeco factory. Photo courtesy of Sabeco.
Vietnam Beverage, a Vietnamese company, now controls 53.59% in Sabeco, listed on the Ho Chi Minh Stock Exchange as SAB.
Vietnam Beverage spent nearly VND110 trillion (equivalent to $4.8 billion) in 2017 to acquire 343.6 million Sabeco shares at VND320,000 apiece. The amount made it the largest M&A deal ever in the Asian beverage industry.
As such, ThaiBev has recovered approximately 10% of its investment in Sabeco through dividends since its acquisition.
Sabeco has been generous in cash dividend payouts, varying between 35% and 50% in recent years.
SSI Research, under leading brokerage house Saigon Securities Inc., has anticipated Sabeco’s earnings to grow at a double-digit rate in Q2/2024 thanks to the ongoing UEFA Euro championship and the Paris Olympics this summer.
SSI researchers, however, remained cautious about Sabeco’s outlook this year, citing tightened control over drunk driving, a slow change in consumer habits, and austerity.
Similarly, analysts with Mirae Asset said that Sabeco’s performance had yet to bottom out. Its average revenue between Q4/2023 and Q1/2024 was still 3.3% lower than in Q4/2022-Q1/2023.
Brewers in Vietnam are struggling with strict law enforcement and possible legal headwinds.
Drunk-driving tests across the country, following Decree 100/2019/ND-CP adopted in late 2019, have added additional costs to alcohol consumption, which had hindered the recovery of the domestic market.
Furthermore, the Ministry of Finance is considering raising the excise tax on alcoholic drinks, which will eventually make wine, spirits, and beer more expensive.
- Read More
Chinese firm proposes its 3rd waste-to-power plant in Vietnam
China’s EverBright Environment has proposed investing about VND1.6 trillion ($60.82 million) in a waste-to-energy plant in the central province of Quang Tri.
Energy - Fri, October 24, 2025 | 8:45 pm GMT+7
Mega golf-commercial-urban complex proposed for southern Vietnam city Can Tho
Vietnam Royal Investment Group JSC has proposed developing a 766-hectare golf-service-commercial-urban complex in the Mekong Delta city of Can Tho.
Real Estate - Fri, October 24, 2025 | 4:31 pm GMT+7
Sumitomo makes first hydropower investment in Vietnam
Sumitomo Corporation has made its first hydropower investment in Vietnam by acquiring a 49% stake in Mekong Electric Power Engineering and Development JSC which owns the 48 MW Dak Di 1 & 2 run-of-river hydropower project in Danang city.
Energy - Fri, October 24, 2025 | 3:42 pm GMT+7
Investors urge Vietnam to fix legal hurdles to LNG power projects
A group of investors in Vietnam’s gas-fired power sector has urged the country's parliament to address regulatory gaps that have stalled multi-billion-dollar LNG and domestic gas-fueled power projects, warning that delays could derail the country’s energy transition targets.
Energy - Fri, October 24, 2025 | 2:12 pm GMT+7
Central Vietnam province Gia Lai okays 3 large-scale wind power projects
Gia Lai province has granted in-principle approvals to three large-scale wind power projects with total registered capital mounting to VND19.35 trillion ($734.9 million).
Energy - Fri, October 24, 2025 | 12:01 pm GMT+7
HCMC pushes for early investment in Thu Thiem-Long Thanh railway project
The Ho Chi Minh City People’s Committee has emphasized the need for early investment and operation of a railway connecting Thu Thiem in the metropolis with Long Thanh International Airport in neighboring Dong Nai province.
Infrastructure - Fri, October 24, 2025 | 10:49 am GMT+7
Vietnam to let foreign investors place orders directly via global brokers
Vietnam plans to allow foreign investors to place orders directly through global brokerage firms, a move aimed at easing access to its stock market after a long-awaited upgrade to "secondary emerging" market status, a top regulator said.
Finance - Fri, October 24, 2025 | 8:28 am GMT+7
Vietnam business lobby urges easing of football betting limits
Vietnam’s leading business lobby VCCI has called on the government to sharply ease limits on international football betting and relax foreign ownership rules to make the industry more appealing to investors.
Finance - Thu, October 23, 2025 | 9:30 pm GMT+7
Powering growth from within
The development of a strong domestic private sector is essential for building a resilient, independent, and self-reliant economy that is less dependent on state-owned enterprises or foreign investment, writes Tim Evans, CEO of HSBC Vietnam.
Economy - Thu, October 23, 2025 | 9:09 pm GMT+7
Vietnam's stock market regulator appoints 2 new vice chairpersons
The State Securities Commission of Vietnam (SSC) has appointed Nguyen Hoang Duong and Le Thi Viet Nga as its new vice chairpersons.
Finance - Thu, October 23, 2025 | 4:14 pm GMT+7
Vinhomes chairman appointed CEO of VinSpeed
Pham Thieu Hoa, chairman of Vinhomes, has been appointed CEO of VinSpeed, a newly established company specializing in railway construction.
Companies - Thu, October 23, 2025 | 3:40 pm GMT+7
De Heus, Hung Nhon to invest $380 mln in high-tech agriculture hub in southern Vietnam
Dutch agribusiness group Royal De Heus and Vietnam’s Hung Nhon Group plan to invest VND10 trillion ($380 million) to develop a high-tech agricultural ecosystem in Tay Ninh province between 2025 and 2030.
Industries - Thu, October 23, 2025 | 2:35 pm GMT+7
Consumer finance major F88’s credit rating upgraded on improved funding capability, liquidity
Vietnamese credit ratings agency FiinRatings has upgraded F88's credit rating from “BBB-” to “BBB”, with a “stable” outlook, citing the company's enhanced capital-raising ability and improved liquidity position.
Companies - Thu, October 23, 2025 | 2:00 pm GMT+7
Vietnam's benchmark VN-Index could surpass 2,000 points in 2026: exec
VN-Index could top 2,000 points next year, said Huynh Minh Tuan, founder of FIDT - a Ho Chi Minh City-based investment consulting firm.
Finance - Thu, October 23, 2025 | 10:55 am GMT+7
Key factors helping firms export to demanding markets: DH Foods exec
Don’t treat business as a week-to-week or month-to-month affair. To go the distance, you must conduct business ethically, writes Nguyen Trung Dung, CEO of DH Foods.
Consulting - Thu, October 23, 2025 | 8:00 am GMT+7
Gold exchange, gold derivatives, gold ETFs proposed to be launched in Vietnam
Forming a gold exchange under state management in Vietnam is suitable to the reality, said Dao Xuan Tuan, head of the foreign exchange management department under the State Bank of Vietnam (SBV).
Finance - Wed, October 22, 2025 | 9:00 pm GMT+7
 
             
 
                    




















