This was announced by Koh Poh Tiong, chairman of F&N—a member company of Thai Beverage Public Company Limited (ThaiBev)—at Sabeco’s meeting to summarise the business results of 2017 and the development plan for 2018. “Being the large shareholder of Sabeco, we will support the corporation to become the leading brewer in Vietnam. We will take Sabeco’s products into F&N’s distribution system in Vietnam and other countries, and simultaneously increase Sabeco’s beer sales in Singapore, Thailand, and Vietnam,” Tiong stated. With its experience and success in beer production, ThaiBev is considered sufficiently armed to realise the above targets. Notably, Sabeco alone owns 26 manufacturing plants, 10 trading subsidiaries, and 37 branches with 1,200 first-tier beer distributors nationwide. Meanwhile F&N, especially ThaiBev, is holding either large or controlling stakes in large-scale Vietnamese firms like Vinamilk, Metro Cash & Carry Vietnam, Phu Thai’s distribution system, as well as five-star Melia hotel. In 2017, Sabeco reported beer consumption at 1.727 billion litres and an increase of 11% in revenue. The corporation’s pre-tax profit was VND5.84 trillion (US$257.2 million), coming from holding 40% of the beer market. According to experts, in 2018, Sabeco only needs to rearrange its management board and governance methods towards transparency to acquire 1.5 times as much profit than it had in 2017. Contrary to Sabeco’s positive business results and hefty targets, Hanoi Beer, Alcohol and Beverage Corporation (Habeco), reported bleak business in 2017. Notably, last year, Habeco only produced 675.7 million litres of beer with a pre-tax profit of VND952 billion… [Read full story]
Local footwear makers target 50% domestic market share By Thu Nguyet - The Saigon Times Daily HCMC -Vietnam's footwear industry has set a high target of occupying a domestic market share of 50% this year compared to the current 30%, which will require footwear makers to painstakingly implement their plans, an official told the Daily on Tuesday. Kiet said foreign competitors are holding a dominant share of 70% on the local footwear market. This will not be easy, he said, explaining that local brands are less known in the country as over two-thirds of the total 500 Vietnamese enterprises in…... [read more]
Major mobile carriers compete for market shares By Hien Nguyen - The Saigon Times Daily HCMC - Mobile carriers have been racing fiercely since the beginning of the month to launch various promotions to lure customers and industry insiders say the race will heat the market. MobiFone is giving 120% value for users who buy a VND100,000 card until August 6. For other cards, they will give 50% of the value. Military run telecom provider Viettel also offers double value for cards for new accounts. The three telecom carriers also give away gifts, lucky draws and free calls. Industry insiders…... [read more]
Analysts believe that more and more merger and acquisition (M&A) deals in the brewery sector would be made this year and next year, because the government has once again urged state-owned enterprises (SOEs) to divest its holdings from non-core business fields. This means that SOEs will have to accelerate the sale of shares they are holding in brewery companies. Who will be Sabeco’s strategic shareholder?Not only the 140-year old Japanese Sapporo Group can see great potential in Vietnam, many other ‘big fish’ have also been trying to join the large market.All foreign investors who want to jump into the Vietnamese…... [read more]
Smartphones seen taking bigger market share this yearChi Thinh By Chi Thinh - The Saigon Times Daily HCMC - Domestic market share of smartphones is poised to rise rapidly this year, according to market research. Retailers including The gioi Di dong, FPT Shop and Mai Nguyen Luxury Mobile said the smartphone segment will grow over 30% this year and overtake feature phones as the mobile phone market leader in Vietnam. Huynh Phuoc Cuong of GfK Vietnam said smartphone sales are expected to account for 65-70% of the total sales volume of mobile phones on the local market. Smartphones priced at…... [read more]
With the increasing demand of consumption, the EU is seen as a potential import market for Vietnam’s bee honey and a second "door" to reduce dependence on the US market. At the seminar "Maintaining and expanding the market for Vietnam’s honey products exported to the EU" organised recently by the European Investment and Trade Policy Support Project (EU-MUTRAP) in cooperation with the Vietnam SPS Office (Ministry of Agriculture and Rural Development) in Ho Chi Minh City, Deputy Director of Vietnam SPS Office – Mr Le Thanh Hoa said that although Vietnam now meets the technical requirements for management and monitoring…... [read more]
