The Ministry of Industry and Trade has not yet completed talks to sell its ownership in the Ha Noi Beer, Alcohol and Beverage Corporation (Habeco) to the Danish brewer Carlsberg, according to officials.
With the Vietnamese government set to sell major stakes in two state-run beer producers, Japanese and European brewers hope to jump in and capitalize on the country’s growing suds market.
Danish brewer Carlsberg saw volume sales jump 20 per cent on the back of rising demand for its strong beer brands even as the overall beer market shrank 5 per cent during the July-September quarter.
The Hanoi Beer Alcohol and Beverage Corporation (Habeco, Code: BHN) will soon seek shareholders’ written opinions on it listing on the Ho Chi Minh Stock Exchange (HoSE) in the fourth quarter.
Vietnam’s third largest brewer has become one of the most sought-after companies. Eight years after its initial public offering, Habeco finally had its market debut late last month and quickly became one of the most sought-after listed companies.
Danish brewer Carlsberg is negotiating with the Hanoi Beer Alcohol and Beverage Corporation (Habeco) over the purchase of an additional stake following the latter’s listing on the UPCom market last week, officials have said. “Negotiations will be carried out between … Continue reading
Over the past 6 years there was not a sign of the beer market stabilization, but now we can cautiously speak of it in three different aspects – economic, demographic and competitive. On the one hand, the changes are touching … Continue reading
The Danish company is now the number four player in a country with a vibrant beer culture. Betting on Vietnam’s high beer consumption, Carlsberg Breweries has acquired almost 11 percent of the local market, which is still dominated by a … Continue reading
Carlsberg Group ranks fifth by the sales volumes in China. The company is referred to as King of the West as it owns the “controlling stake” of the beer market on huge but sparsely-populated territories of the Western China.
Heineken NV’s expansion of its production in Vietnam by taking over a brewery from rival Carlsberg A/S highlights growing interest by global beer brands to quench the thirst of about 70 million locals in one of the world’s fastest-growing economies.