HANOI BEER ALCOHOL AND BEVERAGE JOINT STOCK CORPORATION

HANOI BEER ALCOHOL AND BEVERAGE JOINT STOCK CORPORATION (Vietnamese: TỔNG CÔNG TY CỔ PHẦN BIA – RƯỢU – NƯỚC GIẢI KHÁT HÀ NỘI), widely recognized as HABECO, remains one of Vietnam’s most established names in the brewing industry. Registered under Business ID 0101376672, the company’s head office is located at No. 183 Hoang Hoa Tham Street, Ngoc Ha Ward, Ba Dinh District, Ha Noi City, Vietnam. With over 16 years of operation since its registration on June 16, 2008, HABECO has not only solidified its cultural legacy but also maintained its listing on the Ho Chi Minh City Stock Exchange (HOSE) under the ticker BHN.

As of December 31, 2024, HABECO posted total assets of USD 298.3 million and equity of USD 216.84 million, supported by a workforce of 515 employees. The company's 2024 revenue reached USD 337.69 million, a 6% increasecompared to 2023, showing signs of recovery after a previous year of decline. More significantly, net profit rose 13.58% year-on-year to USD 16.55 million, suggesting improvements in operational efficiency or cost control after a nearly 30% drop in profit the year before.

Despite the solid rebound in profit and sales, HABECO still faces certain structural and competitive pressures. The company’s owner’s equity fell slightly for the second consecutive year, and its net worth dropped 0.37% in 2024. This could reflect either dividend distributions or pressure on retained earnings. The relatively small increase in working capital—up only 2.31% to USD 143.31 million—may not keep pace with the evolving demands of Vietnam’s fast-moving beverage market, which is now dominated by aggressive competitors and changing consumer preferences.

HABECO operates under a unique ownership structure: the Ministry of Industry and Trade of Vietnam holds 81.79% of shares, while Carlsberg Breweries A/S (Denmark) owns 17.34%, making this one of Vietnam’s few joint ventures involving a foreign global brewing giant with a strategic stake in a state-owned enterprise. However, this dual influence does not always translate to streamlined decision-making or innovation. Growth initiatives and operational transformations may be slower than those of private or fully foreign-owned peers.

For commercial partners, vendors, or potential investors, HABECO’s historical brand strength and recovering profitability may appear reassuring. Yet, caution is advised. The beer industry in Vietnam is undergoing structural shifts, and HABECO’s moderate capital gains and legacy constraints could limit its competitiveness in the long run. Its financial stability should be continuously monitored, especially if your business involves credit terms, distribution agreements, or capital exposure.

If your organization is considering a partnership or commercial agreement with HANOI BEER ALCOHOL AND BEVERAGE JOINT STOCK CORPORATION, it is advisable to proceed with a full understanding of its financial and legal standing. For those seeking in-depth financial risk analysis, historical trend evaluations, or verification of potential litigation or regulatory exposure, VANGUARD BUSINESS INFORMATION LLC (VBI) provides comprehensive business intelligence and verification services. Our reports include litigation searches, director screening, and credit risk assessments that empower stakeholders to make informed and confident decisions.