Vietnam. Gold stars

Vietnam. Gold stars
  • Reading time:5 min(s) read

When he left a job in banking to join a “company that sells fish sauce” in Vietnam, Michael Nguyen’s parents wondered if he was throwing away a lucrative career. Now a big cheese at Masan Group, one of the country’s largest listed companies, the Vietnamese-American seems happy with his gamble. Masan’s brands meet a big chunk of the local demand for pungent sauces, noodles and freeze-dried coffee—and in December the firm accepted a $1.1 billion investment from Singha, a Thai brewer, to help finance an assault on Vietnam’s frothy beer market. (more…)

Vietnamese craft beer attracts foreign tourists

  • Reading time:2 min(s) read

If the Chinese and Indians are happy to come to the bar to enjoy the taste of their favourite craft beer, then the Vietnamese prefer bottled beer. Foreigners are the main pubs and bars visitors in this country. (more…)

Vietnam. Don’t Blow It

  • Reading time:3 min(s) read

Vietnam has a briskly growing economy, a vibrant tech scene, and a young and entrepreneurial workforce. Foreign investment is surging. Exports are thriving. The local beer is the toast of Asia. (more…)

Foreign brewers strengthening foothold in Vietnamese beer market

Foreign brewers strengthening foothold in Vietnamese beer market
  • Reading time:3 min(s) read

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. The government increases the excise tax on beer

Vietnam. The government increases the excise tax on beer
  • Reading time:2 min(s) read

Since January 2016, the prices of beer in the dealer networks and retail stores in Vietnam have increased sharply. The reason for this jump was the introduction on 1January 2016 of a new special consumption tax (SCT). (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

Vietnam. Habeco has summed up the results of 2015 and shared their plans for 2016
  • Reading time:1 min(s) read

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…)