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Update news beer consumption
Vietnam’s beer market would have great changes in 2020 as the country has always been a potential market for domestic and foreign beer enterprises.
Brewery companies have lowered their profit targets due to a severe drop in sales consumption caused by COVID-19 and strict new penalties for drink drivers.
VietNamNet Bridge - Sabeco, the biggest Vietnamese brewer, has fallen into Thai hands, while Carlsberg is stepping up the process to become a controlling stakeholder in Habeco.
VietNamNet Bridge - More than 90 percent of the beer market share is now in the hands of the ‘big four’ – Sabeco, Habeco, Heineken and Carlsberg.
Beer consumption declines following tax hike: study; ANZ at risk of losing out from SSI divestment; Banking sector to see two M&A deals; MoIT optimistic about 2014 goal realisation; Vietnam jumps five places on 2014 global innovation ranking
VietNamNet Bridge – While the Ministry of Industry and Trade (MOIT) attempts to control beer production and consumption, the leaders of many provinces and cities are encouraging people to drink beer.
Amata to pour US$530 mil into Vietnam; Ministry of Finance clamps down on beer consumption; Stock market yet to function as major fund raising channel; Vietnam-China trade surges in Jan-Aug;
August sees more business suspensions than start-ups