Food and beverage companies are increasing production in Vietnam to meet the strong demand in this country.
Masan Consumer has officially opened its fish sauce and instant noodle factory in Nghe An in November. (more…)
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…)
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…)
The volume of Sabeco beer exports in 2015 is estimated at $2 mln, which is 22% more than in 2014. (more…)
Output set to rise up to 25% as thirst for Vietnam’s beer tipped to rise at home and abroad.
Vietnam, already one of Asia’s largest beer consumers, is seeking to boost its beer output over the next several years to meet an expected rise in demand at home and abroad. (more…)
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…)
According to the Euromonitor data, the high company’s share in the beer market does not guarantee a large profit. Thus, Sobeco controls 46% of the Vietnamese beer market, its revenue in 2014 amounted to 30.000 billion dongs and net profit to 4,000 billion dongs. At the same time, VBL controls 18.2% of the market, but its profit is estimated at 6.200 billion dong. (more…)
At the recent conference, Nguyen Hong Linh, CEO of Hanoi Beer Alcohol & Beverage Joint Stock Corp. (Habeco) said that he had been disappointed by cooperation with a strategic partner Carlsberg Group. (more…)
The Saigon Beer, Alcohol and Beverage Corporation (Sabeco) has said it will not sell major stake to overseas investors, even as foreign companies, including Thai tycoons, are vying for ownership in the state-owned brewer. (more…)
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…)
