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. (more…)
The tax rise from 1 January, 2016 affected the Vietnamese brewers’ financial position. Yet, this doesn’t seem to be the end of their problems. In April 2016, new Decree issued by the Ministry of Finance, was published. This law changes the tax basis of VAT and SCT.
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Deputy Prime Minister Truong Hoa Binh has directed the Ministry of Industry and Trade (MoIT) to review and resolve a proposal from the Vietnam Association of Financial Investors (VAFI) relating to the appointment of Mr. Vu Quang Hai as Deputy CEO of the Saigon Beer Alcohol Beverage Joint Stock Corporation (Sabeco). (more…)
VietNamNet Bridge – Sabeco was equitized eight years ago, but the Ministry of Industry and Trade (MOIT) still has not transferred the brewery to the State Capital Investment Corporation (SCIC). (more…)
In mid2015, the Ministry of Industry and Trade of Vietnam proposed the government to sell the state share stock of company Sabeco in an open auction. It is planned to cut the state share portfolio from 89.59% to 36%. Though the proposal was put forward nearly a year ago, the decision is still not taken. (more…)
ThaiBev, the conglomerate owned by Thai billionaire Charoen Sirivadhanabhakdi, has been chasing Sabeco’s stakes for a few years. More than 10 investors have registered to buy Sabeco’s shares. Why are investors so interested in the Vietnamese beer manufacturer? (more…)
Vietnamese, from economists to housewives, now are talking about the presence of Thai manufacturers in nearly all business fields. Thai products have been flooding the Vietnamese market, from footwear to toothpaste, from electric household-use appliances to cosmetics. (more…)
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 was 8.5%, and fell to 4.7% by 2015. (more…)
Vietnam’s largest beer producer Sabeco, known for its iconic Saigon brand, will sell around 53 per cent stake in a single tranche following which the state’s holding in company will stand truncated to around 36 per cent, industry executives aware of the development told this portal. (more…)
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. (more…)
