The Saigon Beer Alcohol Beverage Corporation (Sabeco) appointed a new management board at an extraordinary shareholders’ meeting on April 23, following Thai Beverage Public (ThaiBev)’s acquisition of a 53.59 percent stake in the State brewer last year.
Vietnam, a market of 93 million people, is seeing rapidly growing consumer demand for food and beverage (F&B) products, offering ample space for the F&B sector to expand.
The Ministry of Industry and Trade (MoIT) has requested the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) to hold an extraordinary shareholders’ meeting to review personnel matters.
The robust economic development and improved living standards have turned Vietnam into one of the most promising markets for food and beverage consumption in the region.
The State Audit of Vietnam has requested the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) pay to the State budget nearly 2.5 trillion VND (110.9 million USD) worth of dividends, taken from the brewer’s undistributed profit for the period prior to 2016.
Vietnam launched a stall at the 43rd International Food and Beverage Exhibition (Foodex 2018) that opened in the Japanese prefecture of Chiba on March 6.
Fast-moving consumer goods (FMCG) are expected to have another year of strong growth in 2018 and rise 6-7 percent over the preceding year, according to a Kantar Worldpanel report on Vietnam FMCG market.
The Government has said it is determined to assist food and beverage importers and producers by allowing businesses to make self declarations instead of being constantly watchdogged by officials.
Southeast Asia has become an attractive market for manufacturers of soju, a distilled beverage made from grain of the Republic of Korea (RoK) as sales in this market are increasing at a swift pace, reported Yonhap news agency.
Vietnamese shares plummeted as investor confidence was dampened by worries over the increasing pace of the US central bank’s interest rate hike this year.
A seminar introducing cooperation potential between Vietnam and India in the domains of agriculture and processed food was organised on January 18 in Uttar Pradesh, India.
With huge investment, commodities suiting all tastes, ages and income levels, and round-the-clock services, convenience stores could make a splash in the Vietnamese food and beverage market.
The Saigon Beer, Alcohol and Beverage Corporation (Sabeco) produced a total of 1.72 billion litres of beer in 2017 and saw a 11 percent revenue growth year-on-year, said the corporation.
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.
The Ministry of Industry and Trade (MoIT) on December 18 sold all of its 343.6 million shares or a 53.6 percent stake of the Saigon Beer, Alcohol and Beverage Corporation (Sabeco), receiving an estimated 110 trillion VND (4.89 billion USD).
The Ministry of Industry and Trade on December 11 announced that an investor has registered to hold at least 25 percent of the Saigon Beer, Alcohol and Beverage Corporation (Sabeco), of which the Government is going to sell stake equal to nearly 5 billion USD.
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