Tags: sabeco

State Audit asks Sabeco to pay US$111 million

State Audit asks Sabeco to pay US$111 million

The State Audit of Vietnam has requested the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) pay to the State budget nearly VND2.5 trillion (US$110.9 million) worth of dividends, taken from the brewer’s undistributed profit for the period prior to 2016.

A new route for ANZ as FDI growth hits records

A new route for ANZ as FDI growth hits records

Surfing the first wave of FDI inflows in the early 1990s never seemed enough for ANZ Vietnam. The lender has now chosen to focus all its resources on institutional banking, to continue catering to its clients and leveraging the opportunities arising from the current FDI growth in the country.

Sabeco reports massive revenue and profit in fourth quarter of 2017

Sabeco reports massive revenue and profit in fourth quarter of 2017

Saigon Beer, Alcohol and Beverage Corporation (Sabeco) reported a net revenue of VND10.4 trillion ($442.1 million) and after-tax profit of VND1.37 trillion ($60.3 million) in the fourth quarter of 2017, signifying increases of 17 and 29 per cent, respectively, according to statistics published by Sabeco.

Sabeco targets 50% market share this year

Sabeco targets 50% market share this year

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.

Thai tycoons' deals in Vietnam pose risks to domestic market

Thai tycoons' deals in Vietnam pose risks to domestic market

Thai tycoons have been seeking business opportunities in Vietnam's beverage, retail and construction materials markets over the past five years in a bid to take advantage of the country's 95 million population and expanding middle class, according to experts.

State-owned enterprises gear up for equitisation

State-owned enterprises gear up for equitisation

The Vietnamese market will see more state-owned enterprises (SOEs) equitised in 2018, following the State’s divestment from the Sai Gon Beer Alcohol Beverage Joint Stock Company (Sabeco) and Vietnam Dairy Products Joint Stock Company (Vinamilk).

Equitisation funds to be used correctly

Equitisation funds to be used correctly

Proceeds from the sale of State capital at Saigon Beer-Alcohol-Beverage Corporation (Sabeco) and other State-owned enterprises will be used for the right purposes as approved by the National Assembly.

Foreign firms taking control of Vietnamese M&A market

Foreign firms taking control of Vietnamese M&A market

Out of 19 sectors invested in by foreign firms, processing and manufacturing made up the highest proportion, with US$186.1 billion of registered capital, equivalent to 58.4% of US$318.72 billion of total investment capital accumulated until the end of 2017.

Sabeco sells 53.6% stake for US$4.89 billion

Sabeco sells 53.6% stake for US$4.89 billion

The Ministry of Industry and Trade (MoIT) on December 18 sold all of its 343.6 million shares or a 53.6% stake of the Saigon Beer, Alcohol and Beverage Corporation (Sabeco), receiving an estimated VND110 trillion (US$4.89 billion).