Vietnam’s government is taking an unprecedented step in divesting all it owns in the nation’s two leading beer companies as a growing budget deficit forces the leadership to accelerate a plan to reduce holdings in state-owned firms.
Vietnam’s government said it will fully divest from its two biggest breweries and target to raise $2.2 billion over the next 16 months, loosening its tight grip over one of Asia’s most sought-after beer markets.
Vietnam has urged its major businesses, including the two biggest beer producers Habeco and Sabeco and leading dairy firm Vinamilk, to dilute state ownership. In the private sector, VinaCapital and Shinhan BNP Paribas Asset Management have joined hands to enable … Continue reading
Recently uncovered bad management practices at Saigon Beer, Alcohol and Beverage JSC (Sabeco) and Hanoi Beer, Alcohol and Beverage JSC (Habeco), the two largest beer companies in Vietnam in terms of market share, show that the longer they delay becoming … Continue reading
VietNamNet Bridge – Officials of the Ministry of Industry and Trade (MOIT) have said that the State will either own less than 50% of charter capital or withdraw all capital from two giant beverage corporations Sabeco and Habeco.
In 2015, although the national beer output reached 3.4 billion liters, according to the Association of Beer — Alcohol — Beverage Vietnam (VBA), over 5 years, the growth rate of the beer sector was dwindling rapidly as in 2011 it … Continue reading
Ignoring current stock market regulations — and continuous urging from the community of investors — the two largest brewers in Việt Nam still found reasons not to list on the local exchanges, after 8 years of equitisation.
Vietnam beverage industry exisited for a long time but has been developing fast over more than a decade now, underpinned by:
60% of total sales in Vietnam accounts for inexpensive beer. Two corporations have divided this key segment of the market for a long time. Habeco (Hanoi Beer-Alcohol-Beverage) controls the North of Vietnam and Sabeco (Saigon Beer-Alcohol-Beverage) controls the South.
Many brewers in Vietnam, one of the largest beer markets in Asia, are calling for the government to rethink its new luxury tax policy, saying higher taxes will push prices up and hurt sales. According to local media reports, the … Continue reading