In Vietnam, alcohol is big business. Every evening, people of all ages, mostly men, fill large beer halls for drinks after a long day at work. Multinational brewers find the Vietnamese market very attractive, and foreign brands like Heineken and Sapporo are hugely popular as are local ones like Saigon Special, 333, Hanoi and Truc Bach. Foreign companies have already bought stakes in local brewing giants like the Saigon Alcohol Beer and Beverages Corporation (Sabeco) and the Hanoi Beer Alcohol and Beverage Jsc., (Habeco). However, there are worries that the drinking habit is causing socio-economic problems that can worsen without curbs on consumption and marketing. A draft bill prepared by the Ministry of Health proposing several such curbs is currently being debated in the National Assembly (NA). The draft bill on the prevention of dangers of alcohol contains several prohibitions including: promotion in any manner of liquor with alcohol content of 15 degrees or more; ban on use of … [Read more...] about Should Vietnam drink more liquor or less? NA debates
Thai groups have invested in many business fields in Vietnam, from goods production to retail. The takeover of Sabeco, the brewer, and Binh Minh Plastics are two of the recent biggest deals made by Thai investors. Sabeco brings big money to Thai billionaire A report released on September 30 showed that Thaibev is holding 53.58 percent of Sabeco’s shares. Sabeco became the major driving force for Thaibev’s growth in the fiscal year commencing in October 2018 and ending in September 2019. The Thai group reported sharp growth rates in revenue (16 percent) and profit (33 percent). Sabeco’s sales increased by 44 percent, making an important contribution to Thaibev’s business performance. If not counting Sabeco’s achievements, the international beer sales will decrease compared with the same period last year because of weakening activities in ASEAN. Binh Minh Plastics prospers Kim Chi Heineken sells 5.2 million Sabeco's stocks Heineken is … [Read more...] about How do enterprises perform after they are bought by Thai firms?