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Anti-drunk driving campaign slashes brewers’ profits

Anti-drunk driving campaign slashes brewers’ profits

Vietnamese brewers saw their profits dropping double-digit last year as authorities tightened control on drunk driving.
Heineken cuts 2023 forecast on Vietnam slowdown

Heineken cuts 2023 forecast on Vietnam slowdown

Brewer Sabeco sees profit rising 25 pct

Brewer Sabeco sees profit rising 25 pct

Brewer Sabeco sees profit plummet amid lockdown

Brewer Sabeco sees profit plummet amid lockdown

Vietnam’s largest brewer, Sabeco, said post-tax profits plunged 68 percent year-on-year in the third quarter to VND471 billion ($20.7 million) due to Covid-19 restrictions.
October 28, 2021 | 09:16 pm PT
Habeco chairman blames low profit target on Covid-19

Habeco chairman blames low profit target on Covid-19

The chief of the company that produces Hanoi Beer, Habeco, expects sales to be hit badly by Covid-19 this year and profits to plummet to a decade low.
April 29, 2021 | 01:23 am PT
Sabeco profits hit seven-year low

Sabeco profits hit seven-year low

Post-tax profit of Vietnam’s largest brewer Sabeco in the first quarter nearly halved year-on-year to less than VND720 billion ($31 million), the lowest since 2013.
April 30, 2020 | 08:38 pm PT
Sabeco reports record profits

Sabeco reports record profits

Post-tax profits surged 22 percent year-on-year for Vietnam’s largest brewer Sabeco, reaching VND5.37 trillion ($231.96 million), its highest annual profit ever.
January 21, 2020 | 05:15 pm PT
Thaibev denies plans to sell Sabeco shares

Thaibev denies plans to sell Sabeco shares

Thaibev has formally denied that it plans to sell shares of subsidiary Sabeco, Vietnam’s largest brewer, to Budweiser APAC.
December 19, 2019 | 07:53 am PT
Heineken no longer a major shareholder of Sabeco

Heineken no longer a major shareholder of Sabeco

Dutch brewer Heineken sold over 5 million Sabeco shares Friday, bringing its stake in Vietnam’s biggest brewer Sabeco down to 4.32 percent.
November 15, 2019 | 08:47 am PT
Trade Ministry denies sale of top brewery shares to Chinese investors

Trade Ministry denies sale of top brewery shares to Chinese investors

Vietnam’s trade ministry, which can veto share sales by Sabeco, has confirmed that Chinese investors have not acquired shares in the nation’s largest brewery.
October 3, 2019 | 04:32 am PT
Vietnam’s biggest brewer reports surge in profits

Vietnam’s biggest brewer reports surge in profits

Sabeco reported second quarter post-tax profit of VND1.53 trillion ($66.03 million), the highest quarterly profit in three years.
July 29, 2019 | 08:48 pm PT
Vietnamese beer sales now drive revenues for Sabeco's new Thai owner

Vietnamese beer sales now drive revenues for Sabeco's new Thai owner

Vietnamese brewery Sabeco has contributed 46 percent of the revenues of Thai parent ThaiBev in the first quarter of 2018-19.
February 26, 2019 | 07:49 pm PT
Vietnam’s largest brewery, taxman at loggerheads

Vietnam’s largest brewery, taxman at loggerheads

HCMC tax authorities have failed to collect $135.73 million in taxes and fines, while brewer Sabeco has cried foul.
January 2, 2019 | 04:56 pm PT
Vietnam okays unrestricted foreign ownership of largest brewer

Vietnam okays unrestricted foreign ownership of largest brewer

Vietnam’s securities authorities have lifted any foreign ownership cap on the country’s largest brewer Sabeco.
December 5, 2018 | 05:32 pm PT
No cheers from World Cup for Vietnam’s top local brewers

No cheers from World Cup for Vietnam’s top local brewers

Sabeco and Habeco, Vietnam’s two largest brewers, reported dismal results in H1 despite some highly favorable factors.
August 10, 2018 | 12:10 am PT
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