Beer is often a best seller during the Lunar New Year (Tet) festival but many retailers have been forced to lower their prices to encourage customers to buy.
Vietnam’s street beer and café market is on track to reach a growth rate of 6% in terms of revenue and establish 32,400 selling points nationwide by 2023.
Sabeco, the biggest Vietnamese brewer, has fallen into Thai hands, while Carlsberg is stepping up the process to become a controlling stakeholder in Habeco.
The top 100 products and services in 2018 selected by consumers were announced at a ceremony in Ho Chi Minh City on November 29.
Danish brewer Carlsberg says it has the highest hopes and expectations for the Vietnamese brewing industry and is eager to expand our long-term investment in the country.
As many as 550 businesses will showcase their 3,000 latest products at the Vietfood & Beverage and Professional Packing Machines 2018 (Vietfood & Beverage – ProPack 2018), slated for November 7-10 in Hanoi.
VOV.VN - As many as 550 businesses from 20 nations and territories are presenting their products at the 22nd International Exhibition on Food and Beverage and the 22nd International Exhibition on Food Processing, Packing Technology and Equipment (VietFood & Beverage – ProPack), that opened in HCM City on August 8.
The Vietnamese beer market is considered a promised land for both foreign and local brewers due to the massive consumption. However, in reality, it is a playground with strict competition.
The State Audit of Vietnam (SAV) has proposed the Hanoi Beer Alcohol and Beverage JSC (Habeco) pay the State budget VND1.85 trillion (US$81 million) in tax liabilities.
Along with Carlsberg, the Danish Brewer holding 17.3 per cent stake in Hanoi Beer, Alcohol and Beverage Corporation (Habeco), numerous foreign investors are looking to acquire a stake in Vietnam’s third-largest brewer in order to increase their market shares.
According to Ban Viet Securities (VCSC), the Vietnamese beer market is now controlled by Sabeco which holds 40% of market share, Heineken 25%, Habeco 18% and Carlsberg 10.8%.
Every evening, large groups of workers and friends gather for lager and snacks at a beer garden along Quang Trung Street in Hanoi.
After acquiring 53.56% stake in Saigon Beer, Alcohol and Beverage Corporation (Sabeco), ThaiBev announced plans to sell between 1.85 and 2 billion litres of beer and increase Sabeco’s market share to 50% this year.
The Hanoi Beer Alcohol and Beverage JSC (Habeco) is set on earning VND8.3 trillion VND (332 million USD) in turnover and 955.4 billion VND (83.2 million USD) in pre-tax profit in 2018, an increase of 6.7 percent and 0.3 percent from last year, said Habeco Director General Ngo Que Lam.
Vietnam's stock market is forecast to keep rising in the short term but a few corrections may be necessary to re-balance the market after a long rally.
A lucrative beer market with expected high growth rates is the driving force for foreign investors to acquire a stake in Sabeco, the largest Vietnamese brewer.
The young, hops-happy economy is alluring for big brewers like Asahi and Anheuser-Busch InBev.
Vietnam's state investor on October 16 said it plans to sell 3.33 percent of Vietnam Dairy Products JSC (Vinamilk) on Nov. 10, without the restrictions that applied to a similar sale last year when only a portion of the offering sold.
Vietnam's trade ministry, which controls Sabeco, has just over a week to submit a divestment plan for the country's biggest brewer, a government report showed on October 12.
State capital at the two brewers, Saigon Alcohol-Beer-Beverage JSC (Sabeco) and Hanoi Alcohol-Beer-Beverage JSC (Habeco), may soon be transferred to the State Capital Investment Corporation (SCIC).