The Kingdom imported $17.89 million worth of beer, wine and spirits last year, down by 49.78 per cent from $35.61 million in 2019, according to data from the Ministry of Commerce.
The country’s biggest brewers, SABECO and HABECO, have been quizzed over their ambitious profit targets and possible solutions at their annual general shareholders’ meetings as tough competition and beer consumption figures stand in their way.
Viet Nam's largest brewer Sai Gon Beer-Alcohol-Beverage JSC (Sabeco) earned VND986 billion (US$42.6 million) in post-tax profit in the first quarter of this year, an increase of 37.5 per cent compared to the same period in 2020.
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.
The producer of Hanoi Beer expects sales to be badly hit by the Covid-19 pandemic this year and profits to fall to a 10-year low as a result.
Saigon Beer Alcohol Beverage Corporation (SABECO) has been on a journey of transformation to strengthen its operational capabilities and modernise its governance system over the past year, doubling down on its efforts to reap positive results – in which human capital is one of its core strategies.
Carlsberg Vietnam on April 8 announced a comprehensive revamp of Halida, giving the products both a new liquid and a new packaging that takes consumers’ beer experience to a higher level of freshness.
Vietnam’s beer industry produced about 4.4 billion litres of beer in 2020, down 14 per cent on-year.
The legal representative of Saigon Beer Alcohol Beverage Corporation reaffirmed the company’s goodwill and the high responsibility in ensuring the rights of consumers as it faces a civil dispute over compensation for supposed mental health damages.
The beer, wine, and spirits sector has encountered mounting hardships in 2020 due to impacts of COVID-19 as well as from regulations which impose tougher sanctions on drink-drivers. Nguyen Van Viet, chairman of the Vietnam Beer-Alcohol-Beverage Association, elaborates on how businesses in the sector have adapted a multitude of innovative measures to counter headwinds.