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Deputy PM welcomes Thai Ambassador

Deputy PM welcomes Thai Ambassador

VOV.VN - Deputy Prime Minister and Foreign Minister Pham Binh Minh hosted a reception for Thai Ambassador to Vietnam Tanee Sangrat in Hanoi on June 24, during which, the former praised the strong development of the bilateral relations across multiple fields.

PM orders review of Sabeco's US$136.1 million tax bill

PM orders review of Sabeco's US$136.1 million tax bill

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.

Post-M&A period a challenge for all

Post-M&A period a challenge for all

When foreign investors partner up with Vietnamese companies, post-merger integration becomes a complex task, focused on cross-cultural understanding and the setting of mutual goods.

ThaiBev officially involves in Saigon Beer management

ThaiBev officially involves in Saigon Beer management

The Saigon Beer Alcohol Beverage Corporation (Sabeco) appointed a new management board at an extraordinary shareholders’ meeting on April 23, following Thai Beverage Public (ThaiBev)’s acquisition of a 53.59% stake in the State brewer last year.

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.

Will brewer brands fall into foreign hands?

Will brewer brands fall into foreign hands?

Foreign investors have shown their intention to buy a stake in Habeco and Sabeco, but Vietnamese experts say that local buyers should protect the two brands.

Foreign investors may flatten Vietnam beer market

Foreign investors may flatten Vietnam beer market

VOV.VN - A recently released study by the Vietnam Industry Research and Consultant (VIRAC) shows that beer production and consumption in Vietnam for 2014 reached an all-time record high of 3.1 billion litres with revenue of US$4.56 billion.