The Sabeco price has seen a strong recovery in the last half a year, but is still at a low price. Both Thai billionaire and the big brewer Heineken have lost money because of the drop in Sabeco share price.

Unprecedented public health challenges have crimped a hefty sum of profits of both foreign-invested enterprises and domestic counterparts. 

After gaining sweet fruits for years, giant beer and beverage companies in Vietnam are facing losses due to not only the ongoing health crisis, but also tightened drink-driving penalties. 

Heineken is no longer Sabeco’s (code: SAB) large shareholder as it has just sold 5.2 million SAB stocks worth VND1.219 trillion ($53 million).

Heineken was a direct competitor of Thaibev for the acquisition of Sabeco in late 2017. However, Thaibev won the race by spending US$4.89 billion for a nearly 54% stake of Sabeco.

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. 

VietNamNet Bridge - The Vietnamese beverage market remains very attractive to investors, with growth potential three times higher than the average growth rate in Asia.