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The VBI News blog of VBI is a multi-dimensional perspective on Vietnam Business Infomation. You can find important economic news, expert’s reviews & opinion in this blog. The most updated business and financial news on Vietnam Economy with facts & figures will be covered. Readers are given critical information may affect your money while doing business in Vietnam.

Top 5 listed beverage companies in Vietnam by capitalization

Top 5 listed beverage companies in Vietnam by capitalization
Vietnam's beverage industry is a vibrant sector, with several prominent companies leading the way in both the domestic and international markets.

The following is an in-depth look at the top 5 largest listed beverage companies in Vietnam, showcasing their histories, product offerings, and market positions.

1. Saigon Beer - Alcohol - Beverage Corporation (SABECO)

Founded in 1875, Saigon Beer - Alcohol - Beverage Corporation, commonly known as SABECO, is the largest and most iconic beer producer in Vietnam. SABECO's flagship product, Bia Saigon, is a household name and a symbol of Vietnamese beer culture. Over the years, SABECO has expanded its portfolio to include various beer brands, catering to different segments of the market.

SABECO was privatized in 2008 and listed on the Ho Chi Minh Stock Exchange (HOSE) in 2016, attracting significant attention from both local and foreign investors. In 2017, Thai Beverage, a Thai company, acquired a major stake in SABECO, further boosting its potential for regional expansion. SABECO’s robust distribution network and strong brand loyalty have cemented its position as a market leader, contributing significantly to Vietnam's beverage sector.

Top 5 listed beverage companies in Vietnam SABECO

In 2023, Saigon Beer - Alcohol - Beverage Corporation (SABECO) recorded a revenue of 30,461 billion VND and a profit of 4,255 billion VND, achieving 76% and 74% of the targets set during the 2023 Annual General Meeting of Shareholders.

2. Hanoi Beer Alcohol and Beverage Joint Stock Corporation (Habeco)

Hanoi Beer Alcohol and Beverage Joint Stock Corporation, or Habeco, is another giant in the Vietnamese beverage industry. Established in 1890, Habeco has a rich history and a deep connection with Northern Vietnam. The company is best known for its Hanoi Beer, a brand that resonates strongly with the cultural heritage of the capital city.

Habeco went public in 2008 and is listed on the HOSE. It has a diversified product range, including various types of beer, soft drinks, and mineral water. The company’s strategic focus on quality and tradition has enabled it to maintain a loyal customer base. In recent years, Habeco has also been eyeing international markets, aiming to export its quintessentially Vietnamese beers to the global stage.

Top 5 listed beverage companies in Vietnam Habeco

In 2023, Habeco reported less favorable business results, with consolidated annual revenue reaching 7,901 billion VND, a decrease of 7.4% compared to the previous year. Despite this decline, Habeco was one of the companies with the smallest drop in the industry. The revenue decrease of 7.4% in 2023 was significantly lower than the industry’s overall decline of 11%, according to estimates by the Vietnam Beer - Alcohol - Beverage Association (VBA). It was also lower than the 12.9% revenue decrease reported by Sabeco.

3. Vinacafé Bienhoa Joint Stock Company

Vinacafé Bienhoa Joint Stock Company stands out in Vietnam’s beverage industry for its focus on coffee. Founded in 1969, Vinacafé Bienhoa is a leading producer of instant coffee in Vietnam and has played a pivotal role in popularizing Vietnamese coffee globally. The company’s flagship product, Vinacafé, is synonymous with high-quality instant coffee in Vietnam.

Vinacafé Bienhoa is listed on the HOSE and has a strong presence in both the domestic and international markets. The company's success can be attributed to its commitment to quality and innovation, continuously developing new products to meet changing consumer preferences. Vinacafé Bienhoa’s strategic partnerships and marketing efforts have significantly contributed to its robust market position.

Top 5 listed beverage companies in Vietnam Vinacafe

In 2023, Vinacafé Bienhoa recorded impressive financial results, demonstrating growth and efficiency in its operations. The company achieved a revenue of 2,353 billion VND, marking a 7% increase compared to the same period the previous year. This revenue figure represented 94% of the company's modest annual target. Additionally, Vinacafé Bienhoa after-tax profit reached 450 billion VND, a substantial 41% increase from 2022, achieving 118% of its low annual target.

4. SaiGon Binh Tay Beer Group Joint Stock Company (Sabibeco)

SaiGon Binh Tay Beer Group Joint Stock Company, known as Sabibeco, is a prominent player in the Southern Vietnamese beer market. Established in 1993, Sabibeco has built a reputation for producing high-quality beer that caters to the tastes of local consumers. The company’s popular brands include Binh Tay Beer and Sagota Beer, which are widely consumed in Southern Vietnam.

Sabibeco’s listing on the HOSE has enabled it to attract investments and expand its production capacity. The company focuses on modernizing its brewing technology and enhancing its distribution network to increase market share. Sabibeco’s commitment to quality and customer satisfaction has made it a trusted name in the Vietnamese beverage industry.

Top 5 listed beverage companies in Vietnam Sabibeco

In 2023, Sabibeco faced significant financial challenges, reporting a decline in revenue and an increase in losses. The company recorded a net revenue of over 2,020 billion VND, marking a 14% decrease compared to 2022. After accounting for the cost of goods sold, Sabibeco's gross profit stood at just over 8 billion VND, a dramatic 95% drop from the previous year.

5. Sai Gon - Mien Trung Beer JSC

Sai Gon - Mien Trung Beer Joint Stock Company, often referred to as Sabeco Central, is a key player in the Central Vietnamese beer market. This company is a subsidiary of SABECO and was established to cater specifically to the central regions of Vietnam. Sabeco Central produces a variety of beers under the Saigon brand, which are well-received by consumers in the central provinces.

The company's strategic location and focus on regional preferences have helped it secure a strong market presence. Sabeco Central’s integration with SABECO’s extensive distribution network and expertise in brewing has facilitated its growth and development. The company’s emphasis on quality and regional identity has made it a favorite among beer enthusiasts in Central Vietnam.

Top 5 listed beverage companies in Vietnam Sabeco Central

In 2023, while many beer manufacturers struggled with production and sales challenges, Sabeco Central achieved impressive financial results. The company reported a pre-tax profit of 196 billion VND, exceeding the target set by the Annual General Meeting of Shareholders by twice the amount. Additionally, the company contributed 1,135 billion VND to the state budget, and shareholder benefits continued to be paid at a rate of 35%.

Vietnam’s beverage industry is dominated by these top five listed companies, each with its unique strengths and market strategies. SABECO and Habeco, with their long histories and strong brand identities, continue to lead the beer segment. Vinacafé Bienhoa brings a different flavor to the industry with its focus on coffee, while Sabibeco and Sabeco Central cater to regional tastes, ensuring that the diverse preferences of Vietnamese consumers are met. These companies not only contribute significantly to the economy but also play a crucial role in shaping Vietnam’s cultural and social landscape through their iconic beverages.

To get more detailed information about these companies as well as others in the same industry, please reach out to [email protected] to request a report. Alternatively, visit a particular company information page to discover the range of reports we offer!

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