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Sabeco’s profit plunges by a third in Q2

Sabeco’s profit plunges by a third in Q2

Sabeco, the brewer of Saigon Beer, saw profits plunge 32% year-on-year to VND1.2 trillion ($50.7 million) in the second quarter as rising competition pumped up its marketing expenses.
Speed demons: the 'uriko' beer vendors of Japanese baseball

Speed demons: the 'uriko' beer vendors of Japanese baseball

In between chanting fans at Japan's Tokyo Dome baseball stadium race an army of women in fluorescent uniforms carrying unwieldy backpacks with attached spray-guns.
June 12, 2023 | 06:58 pm PT
Beer-loving Thai lawmaker takes aim at $14B booze industry duopoly

Beer-loving Thai lawmaker takes aim at $14B booze industry duopoly

A beer-loving lawmaker in Thailand once arrested for illegal brewing is hoping his party's election win can give him a long-awaited shot at breaking up a $14 billion alcohol duopoly of two of the country's wealthiest families.
May 24, 2023 | 02:45 am PT
Saigon Beer maker profits lowest in six quarters

Saigon Beer maker profits lowest in six quarters

Saigon Beer Alcohol Beverage Corporation (Sabeco) made profits of VND10 billion ($426,300) a day in the first quarter, but that was its lowest in the latest six quarters.
April 28, 2023 | 11:33 pm PT
Saigon Beer brewer sees revenue surge by a third

Saigon Beer brewer sees revenue surge by a third

Saigon Beer brewer Sabeco saw revenue jump 33% from 2021 to VND35.24 trillion ($1.5 billion) last year as consumption bounced back after two years of Covid-19.
January 31, 2023 | 04:00 am PT
Men and their worsening drinking habits

Men and their worsening drinking habits

Tran Van Minh of HCMC says he has "a knack for drinking" and feels "uneasy" if he does not drink for two or three days.
May 26, 2022 | 04:49 pm PT
Liquor industry wants tax increase delayed

Liquor industry wants tax increase delayed

Liquor companies want the proposed increase in special consumption tax put off until they recover from the effects of the Covid-19 pandemic.
May 6, 2022 | 11:01 pm PT
Thai Bev seeks up to $1 bln in Singapore IPO of beer unit: sources

Thai Bev seeks up to $1 bln in Singapore IPO of beer unit: sources

Singapore-listed Thai Beverage TBEV.SI is looking to raise as much as $1 billion through the revived Singapore initial public offering (IPO) of its regional beer business this year, two sources familiar with the matter said on Thursday.
May 5, 2022 | 01:28 am PT
Brewer Sabeco sees profit rising 25 pct

Brewer Sabeco sees profit rising 25 pct

Saigon Beer brewer Sabeco saw its post-tax profit rising 25 percent year-on-year to VND1.2 trillion ($52.27 million) in Q1 thanks to the resumption of tourism and services.
April 28, 2022 | 01:30 am PT
Heineken sells more beer than expected as Europe reopens

Heineken sells more beer than expected as Europe reopens

Heineken NV achieved a sharper than expected rise in first-quarter beer sales as European bars reopened, allowing the company to stick to its 2022 forecast despite added uncertainty from the conflict in Ukraine.
April 19, 2022 | 11:26 pm PT
Too often, too much: wives on problems of living with alcoholic husbands

Too often, too much: wives on problems of living with alcoholic husbands

Nguyen Thi Hoa of Hanoi's Bac Tu Liem District has to ride her motorbike to a beer place her husband frequents to pick him up in an inebriated state.
April 4, 2022 | 06:32 pm PT
Carlsberg, Heineken to leave Russia

Carlsberg, Heineken to leave Russia

Danish brewer Carlsberg announced Monday it would pull out entirely from Russia over the country's attack of Ukraine following a similar announcement from Dutch rival Heineken.
March 28, 2022 | 04:27 am PT
Brewer Sabeco profits fall to lowest level since Thai acquisition

Brewer Sabeco profits fall to lowest level since Thai acquisition

Vietnam’s largest brewer Sabeco said after-tax profit fell by over VND1 trillion (US$443 million) last year to VND3.93 trillion, the lowest since it was acquired by a Thai billionaire.
January 26, 2022 | 09:47 pm PT
HCMC restaurants allowed alcohol sale

HCMC restaurants allowed alcohol sale

Food and beverage establishments in HCMC can stay open another hour late and those in low and medium-risk areas can serve alcoholic drinks.
November 17, 2021 | 08:44 pm PT
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