Vietnam. In January 2016 Sabeco produced 4 times more beer than Habeco

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The Ministry of Industry and Trade of Vietnam released a report on the state of industrial production of beer, wine and soft drinks. According to the information received, in January 2016, the company Habeco produced 35.1 million litres of beer, while Sabeco – 138.5 million litres. (more…)

Foreign brewers strengthening foothold in Vietnamese beer market

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Last year, both Saigon Beer-Alcohol-Beverage Joint Stock Corporation (Sabeco) and Hanoi Beer-Alcohol-Beverage Joint Stock Corporation (Habeco), the biggest brewers in Vietnam in terms of output, saw a marked decrease in their share of the country’s beer market. (more…)

Vietnam. Foreign brewers are crowding out local producers

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Despite the fact that in 2015 Sabeco produced 1.38 billion liters of beer, the experts say very little growth of the company. Meanwhile, Heineken was able, for the very first time, to outstrip Habeco and to take the second place in the beer market of Vietnam. (more…)

Vietnam. Habeco has summed up the results of 2015 and shared their plans for 2016

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On 8 January 2016, in Hanoi Habeco Corporation held a conference where has summarized the results of their work in 2015 and shared the plans for 2016.

Nguyen Hong Linh, CEO of Habeco said that in 2015 the company managed to largely surpass the annual plan. The production value increased by 10.4% compared to 2014 to 9,964 billion dong and total sales increased by 9.6% to 11.033 billion dong. This, in turn, 0.9% more than expected. (more…)

Vietnam. Beverage sector contributes $1.3b to budget

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The beverage industry contributed VND30 trillion (US$1.3 billion) to the State budget last year, according to the Viet Nam Beer, Alcohol and Beverage Association (VBA).

At a conference held in Ha Noi yesterday, VBA Chairman Nguyen Van Viet said the beverage industry continued to grow over the past five years despite the difficult economic times that have resulted in many other kinds of companies struggling or shutting down. (more…)

Vietnam. VN People Dealbook: Sabeco and Habeco replace chairmen, central bank dismisses DongA Bank key executives

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Changes in personnel at the top level at several Vietnamese businesses have taken place. At DongA Bank, following its recently exposed financial problems, its chief executive Tran Phuong Binh and deputy CEO Nguyen Thi Ngoc Van had to step down, to be replaced by people from the Bank for Investment and Development of Vietnam. Meanwhile, the country’s two largest brewers, Habeco and Sabeco, has also witnessed the change in the chairman position. (more…)