On The Frontier Of Beer In Vietnam
Folks in Vietnam sure do like a cold one. Since gaining broad popular appreciation in the 1990s, beer sales have soared and the country has become one of the largest per capita consumers in the region. (more…)
Vietnam. Beer market is not as attractive as wine and soft drinks sector’s
Vietnam beverage industry exisited for a long time but has been developing fast over more than a decade now, underpinned by: (more…)
Vietnam. Habeco finding it increasingly difficult to compete for the national beer market
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. (more…)
Vietnam. The changes of the tax base will result in increase of retail prices
While Law on Special Consumption Tax (SCT) and the Regulation on increase in the excise tax prepare for consideration at the meeting of the National Assembly 13, the brewers are actively seeking to postpone the entry into force of these two documents. (more…)
Vietnam’s brewers say new luxury tax rules hurting beer market
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 companies said at a meeting on Wednesday that they are very concerned about their business. (more…)
Vietnam. New taxes farce Sabeco to raise beer prices
The Ministry of Finance of Vietnam has issued two new laws that regulate the calculation and payment of special consumption tax. The tax came into force from the beginning of 2016. (more…)
Vietnam. Beverage companies seek tax delay
Beverage companies seek to delay until the beginning of 2017 the application of amended regulations on calculating their special consumption tax, claiming they need more time to adjust their production plans. (more…)
Vietnam. Sabeco has increased profit after tax by 25% but net sales have grown by only 2%
In 2015, Sabeco received VND 3421 billions of profit after tax, which is 25% more than in 2014. At the same time net sales have grown by only 2% and amounted to VND 8081 billions. (more…)
Vietnam. In January 2016 Sabeco produced 4 times more beer than Habeco
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…)
Vietnam’s beer output rises 4.7 percent to 3.4bn liters in 2015
Beer production in Vietnam reached 3.4 billion liters last year, a 4.7 percent year on year increase, according to a report released by the Vietnam Beer Alcohol Beverage Association (VBA) earlier this month. (more…)