Vietnam’s beer market is forecast to see big opportunities this year, as the country has always been held great potential for domestic and foreign beer enterprises. Fierce competition is incoming, as more foreign brands are looking to tap the market.
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.
Thailand’s Thai Beverage Public Co Ltd has denied it is seeking potential investors to buy its business in Vietnam.
Nearly 40 listed companies on Vietnam’s two local exchanges will be honoured at the Best Listed Companies Awards 2019 in November.
Alcohol and beer consumption is booming, and local beverage producers are cashing in.
Vietnamese shares advanced on October 8 as attention shifted to companies with good earnings prospects amid a lack of supportive information.
Vietnam’s top 50 brands in 2019 were announced on the sidelines of a workshop on brand management and development in Hanoi on September 24.
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.
The Saigon Beer-Alcohol-Beverage Corporation (Sabeco) will pay every shareholder 1,500 VND (0.06 USD) per share, or a 15 percent cash dividend rate, to complete its 2018 dividend plan.
Vietnam now has to ensure fair competition, national treatment for foreigners and nationals equally as well as no quantitative restrictions in foreign trade.
The list of Vietnam’s 50 best-performing companies (Top 50) was announced by the Nhip Cau Dau Tu (Investment Bridge) magazine and Thien Viet Secutities Joint Stock Company in Ho Chi Minh City on June 27.
Vietnamese businesses have been warned of being taken over by foreign conglomerates.
Shareholders in Saigon Beer-Alcohol-Beverage Corporation (Sabeco) have approved a plan to raise its dividend payment for 2018 from 35 to 50 percent.
Vietnam’s five most valuable brands were worth a combined $8.1 billion in 2018, up $2.3 billion or 39 percent against 2017, Brand Finance estimated.
After a US$4.78 million debt restructuring, Vietnam's largest brewer Sabeco is now owned by a Thai company.
Prime Minister Nguyen Xuan Phuc has asked the Tax Department of Ho Chi Minh City to hold back on enforcing a tax decision on collecting VND3.14 trillion (some US$136.1 million) from Sai Gon Beer-Alcohol-Beverage Corporation (Sabeco) for violations on special sales tax.
More than 4,350 merge and acquisition (M&A) deals totaling US$48.8 billion have been executed in Vietnam during the past decade (2009-2018).
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 Saigon Beer-Alcohol Beverage Corporation (Sabeco) early this week announced that it received an official letter from the State Securities Commission approving unrestricted foreign ownership at the largest beverage company in Vietnam.
Vietnam ranked top in the Southeast Asia and third in Asia in terms of beer volume consumed in 2017, only behind Japan and China, proving to be a promising land for both local and foreign brewers, Zing News reported.