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Update news sabeco
FTAs not only have helped reduce input costs of beer production, but have also turned Vietnam into a jumping board for foreign breweries to conquer the Southeast Asian and Asia Pacific markets, according to FPT Securities.
VietNamNet Bridge - With the consumption level of 3.8 billion liters of beer a year, the third highest in the world and the highest in SE Asia, Vietnam is a highly attractive market for brewers.
VietNamNet Bridge - Analysts believe that now is the the right time for the state to divest Sabeco shares because the shares are going for a good price.
VietNamNet Bridge - Brewers and pubs are thriving thanks to Vietnamese wine and beer consumption.
VietNamNet Bridge - Soon after listing their shares on the bourse after many years of hiding, a number of multi-billion dollar conglomerates quickly became ‘pillars’ in the stock market.
VietNamNet Bridge - Beer companies have been prospering in Vietnam, a large market with 90 million people and consumption of 3.8 billion liters of beer in 2016.
Projects incurring losses of trillions of dong, personnel scandals and multi-level marketing firms swindling customers were the top issues dominating 2016 for the Ministry of Industry and Trade (MOIT).
VietNamNet Bridge – The Ministry of Industry and Trade on Sunday (Dec 25) said it has received a resignation letter from Vu Quang Hai, Deputy General Director of Sai Gon Beer-Alcohol-Beverage Company (Sabeco).
While SCIC can sell only 60 percent of Vinamilk shares, the nation’s leading dairy producer, domestic investors are queuing up to buy shares of Sabeco, increasing the brewery’s share prices.
VietNamNet Bridge - Foreign brewers often set up joint ventures with Vietnamese partners and then take over the capital contribution from the Vietnamese partners. Why do they have to take this roundabout path to enter the market?
VietNamNet Bridge - The Vietnamese beer market is controlled by four big brewers, with each of them ruling unchallenged over an area for many years.
VietNamNet Bridge - The nine biggest investors in the Vietnamese stock market hold shares worth more than US$1 billion, according to CafeF.
VietNamNet Bridge - After news about Sabeco’s listing was released, its share prices soared by twofold to VND130,000 on the OTC market.
VietNamNet Bridge - The government is striving to receive the best prices and protect Vietnamese brands as it implements its plan of divesting itself from big state-owned enterprises.
VietNamNet Bridge - Two companies from Thailand and Singapore, willing to buy state shares in Vinamilk, the nation’s leading dairy producer, belong to one powerful owner.
VietNamNet Bridge - The 10 biggest state disinvestment deals in the first eight months of the year brought VND7.222 trillion, double the figure in 2015.
VietNamNet Bridge - The sale of Sabeco, the largest beer manufacturer, and Vinamilk, the largest dairy producer, is expected to bring great opportunities to foreign investors.
Some analysts think the Vietnamese beer market will be flooded with foreign brands that will try to buy the shares of beer makers Habeco and Sabeco after the state divests from the companies as planned.
The state plans to complete the divestment from Saigon Beer, Alcohol and Beverage JSC (Sabeco) and Hanoi Beer, Alcohol and Beverage JSC (Habeco) within 16 months.
VietNamNet Bridge - In Vietnam, South East Asia's largest market, brewers spend hundreds of billions of dong to hire promotion girls to serve marketing campaigns.