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Beverage, game businesses threatened by proposed consumption tax

Beverage, game businesses threatened by proposed consumption tax

A proposed special consumption tax on sweetened drinks and video game products could hurt both industries and reduce companies’ competitiveness, business representatives say.
Unwind in style at Hanoi’s coffee shop oasis

Unwind in style at Hanoi’s coffee shop oasis

Daughter of Tan Hiep Phat chairman led dream life before arrest

Daughter of Tan Hiep Phat chairman led dream life before arrest

Chuong Duong Beverage eyes 6-year-high revenues

Chuong Duong Beverage eyes 6-year-high revenues

Chuong Duong Beverage expects to double its revenues this year to VND365 billion ($15.57 million), the highest since 2017, by expanding sales networks and entering new markets.
April 10, 2023 | 07:16 pm PT
Beverage industry lobbies against taxing sweetened drinks

Beverage industry lobbies against taxing sweetened drinks

Drink makers are lobbying against levying a special consumption tax on sweetened beverages, arguing that they do not contribute to health problems such as obesity.
March 15, 2023 | 03:30 pm PT
Finance ministry again moots tax on sweetened beverages

Finance ministry again moots tax on sweetened beverages

The Ministry of Finance is again considering imposing a tax on sweetened beverages eight years after failing to get other ministries’ backing for it.
February 23, 2023 | 09:11 pm PT
Vietnam third largest market for bubble tea in Southeast Asia: study

Vietnam third largest market for bubble tea in Southeast Asia: study

Turnover of the Vietnamese bubble tea market hit $362 million in 2021, ranking third among six major Southeast Asian markets, according to a recent study.
August 17, 2022 | 04:00 am PT
Swire Pacific acquires Coca-Cola bottling business in Vietnam, Cambodia

Swire Pacific acquires Coca-Cola bottling business in Vietnam, Cambodia

Hong Kong-based conglomerate Swire Pacific is offering $1 billion for Coca-Cola’s bottling operations in Vietnam and Cambodia, a move to expand its presence in the Southeast Asian market.
July 19, 2022 | 02:16 am PT
F&B industry set to bounce back post-Covid

F&B industry set to bounce back post-Covid

Despite facing labor shortages and rising costs, the F&B industry is hopeful of leaving behind a two-year slump and even thriving.
May 30, 2022 | 09:00 pm PT
Core values create billion dollar beverage giant

Core values create billion dollar beverage giant

Tan Hiep Phat, a Vietnamese beverage maker, focuses on developing human resources, creating a sustainable and fast-growing business to reach the billion-dollar revenue goal.
May 20, 2022 | 08:00 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
Dh Foods partners with Heritage Beverage to export condiments to US

Dh Foods partners with Heritage Beverage to export condiments to US

Dh Foods has signed an agreement to make Heritage Beverage Company, a U.S. importer of Vietnamese premium products, its exclusive distributor in the U.S. market.
March 4, 2022 | 05:00 am PT
Food, beverage businesses remain open through Tet

Food, beverage businesses remain open through Tet

Food and beverage establishments are working through Tet or abbreviating their holidays to make up for a year of poor business due to the Covid-19 pandemic.
February 2, 2022 | 01:43 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
Yes no yes no: uncertainty hits Hanoi businesses hard

Yes no yes no: uncertainty hits Hanoi businesses hard

Beleaguered Hanoi businesses want the city to adjust its Covid-19 risk assessments and prevent the situation of having to close and reopen every other week.
January 12, 2022 | 05:00 pm PT
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