ThaiBev urged to participate more deeply in Vietnam's sustainable value chains
ThaiBev, the largest beverage maker in Thailand, should engage more deeply in the sustainable value chains in Vietnam instead of merely considering the country a consumption market, said Minister of Industry and Trade Nguyen Hong Dien.
“We hope ThaiBev will not view Vietnam merely as a consumption market but as a strategic source of raw materials and a strategic production base. This will allow the firm to participate more deeply in the value chains and leverage existing advantages,” the minister told company chairman Thapana Sirivadhanabhakdi at a meeting in Hanoi on Thursday.
“We also respectfully acknowledge the group's contributions to Vietnam's economy and society in recent times,” added Dien.
Minister of Industry and Trade Nguyen Hong Dien speaks at a working session with ThaiBev chairman Thapana Sirivadhanabhakdi in Hanoi on December 5, 2025. Photo courtesy of Cong thuong (Industry and Trade) newspaper.
The ThaiBev leader said his company is committed to doing long-term business in Vietnam, given the country’s favourable investment environment.
He also vowed continued investment in technology, improving production quality, elevating consumer experience, and contributing to better living standards for Vietnamese people.
ThaiBev chairman Thapana Sirivadhanabhakdi at a working session with Minister of Industry and Trade Nguyen Hong Dien in Hanoi on December 5, 2025. Photo courtesy of Cong thuong (Industry and Trade) newspaper.
ThaiBev has become one of Vietnam’s largest foreign investors following its acquisition of a 53.59% stake in Ho Chi Minh City-based brewer Sabeco (HoSE: SAB) in late 2017 for a record $4.8 billion.
After eight years, although SAB’s shares have seen fluctuations, now trading around VND49,000 ($1.86) per share, resulting in a significantly reduced market capitalization, ThaiBev continues to receive stable cash flows from dividends.
In the upcoming payout, the total dividends ThaiBev has collected from Sabeco are estimated at roughly VND15.47 trillion ($586.88 million), equivalent to about 14% of its initial investment.
Sabeco reported its highest quarterly profit since early 2022, supported by lower input costs and tighter expense control despite weaker sales. According to its Q3 consolidate financial report, the firm earned nearly VND6.44 trillion ($244.5 million) in net revenue, down 16.1% year-on-year. Its net profit jumped 21.6% year-on-year to VND1.36 trillion ($51.65 million), the highest since early 2022.
In the first nine months of 2025, revenue fell 17% to VND19.05 trillion ($723.6 million), while net profit was nearly flat at VND3.36 trillion ($127.6 million), meeting 71% of the full-year target.
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