Vietnamplus

The COVID-19 outbreak during the second quarter has hit some beer producers, especially large ones in the market.

Vietnam’s national brand value increased 12 billion USD to reach 247 billion USD in 2019, up 5.4 percent over 2018’s value.

Alcohol and beer consumption is booming, and local beverage producers are cashing in.

The food processing and drinks industry has seen growth of 7 percent in recent years, with more and more foreign investors deciding to pour money into the sector.

The Ministry of Industry and Trade (MoIT) will conduct annual inspections on a number of State and private businesses in different sectors, including those involved in petroleum, telecommunications, pharmaceuticals and multi-level marketing.

Prime Minister Nguyen Xuan Phuc asked Danish beer maker Carlsberg to expand its investment in Vietnam during a reception in Hanoi on September 12 for Carlsberg CEO Cees‘t Hart.

The State Audit of Vietnam (SAV) has proposed the Hanoi Beer Alcohol and Beverage JSC (Habeco) pay the State budget 1.85 trillion VND (81 million USD) in tax liabilities.

The Hanoi Beer Alcohol and Beverage JSC (Habeco) is set on earning 8.3 trillion VND (332 million USD) in turnover and 955.4 billion VND (83.2 million USD) in pre-tax profit in 2018, an increase of 6.7 percent and 0.3 percent from last year, said Habeco Director General Ngo Que Lam.

The government has geared up for the divestment of State-owned capital from many large State-owned enterprises (SOEs) this year, according to the Ministry of Finance.

Proceeds from the sale of State capital at Saigon Beer-Alcohol-Beverage Corporation (Sabeco) and other State-owned enterprises will be used for the right purposes as approved by the National Assembly.

Vietnam’s benchmark VN-Index extended its rally on November 29 for the eighth consecutive session as investor confidence was lifted by expectations of the Government selling its stakes in listed companies.

Shares concluded a winning week on the HCM Stock Exchange with the benchmark VN-Index adding 0.2 percent to close at 935.57 points on November 24.

Vietnam’s benchmark VN-Index on the HCM Stock Exchange recovered on September 28, but slowed at the end of the session as investors increased selling to make profits.

State capital at the two brewers, Saigon Alcohol-Beer-Beverage JSC (Sabeco) and Hanoi Alcohol-Beer-Beverage JSC (Habeco), may soon be transferred to the State Capital Investment Corporation (SCIC).

A deal that allows global brewer Carlsberg to increase its stake in Vietnam’s second largest brewer Habeco could be finalised in November.

The Ministry of Finance has publicised a list of 747 equitised enterprises which have failed to register to trade on the stock market.

Deputy Prime Minister Vuong Dinh Hue has approved a list of 406 State-owned enterprises (SOEs) marked for divestment from now until 2020.

Deputy Prime Minister Vuong Dinh Hue has hailed the Kirin Holdings Co. Ltd’s investment expansion in Vietnam as a right decision since the country’s beer and beverage market boasts huge potential.

Seven State-owned enterprises’ (SOEs) equitisation plans were approved in July, bringing the total number for the first seven months of 2017 to 26.

Seven State-owned enterprises (SOEs) had their equitisation plans approved in July, bringing the number for the first seven months of this year to 26.