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…)
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 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…)
The sales of Sapporo Brewery have reached 150-200% of the value of this indicator for the same period last year, two months after the launching of a new beer in the Vietnamese market. (more…)
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…)
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…)
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…)
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…)
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…)