SAI GON BEER BAC TRUNG BO TRADING JOINT STOCK COMPANY

SAI GON BEER BAC TRUNG BO TRADING JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN THƯƠNG MẠI BIA SÀI GÒN BẮC TRUNG BỘ) is one of the key distributors in the SABECO system, operating under Business ID 2900740071 and headquartered in Đông Vinh Industrial Cluster, Vinh City, Nghệ An Province. Established on 20 March 2006, the company has nearly two decades of experience supplying Sài Gòn Beer across the North Central region. It is majority owned by Saigon Beer – Alcohol – Beverage Corporation (SABECO) with 95.07 percent shareholding, reflecting its strategic role within the national distribution network. The company maintains operations through branches in Hà Tĩnh and Quảng Trị, along with approximately 94 level-one distributors, ensuring strong market coverage in six provinces.

The company reported USD 99.26 million in revenue for 2023, a 9% decrease from the previous year. Profit after tax dropped to USD 1.99 million, mainly due to rising selling expenses and a substantial decline in gross profit margin. A close look at the financials reveals a year of contraction, with total assets falling to USD 10.65 million, down fourteen percent from 2022. Cash reserves decreased sharply to USD 442,704, raising questions about liquidity management, especially given the significantly higher cash position seen a year earlier. Meanwhile, trade receivables increased, suggesting a more relaxed credit policy that may expose the company to collection risks in a competitive beverage market.

Despite these challenges, the company maintains a relatively conservative financial structure, with no interest-bearing debt and owner’s equity of USD 3.96 million, which represents more than one-third of total assets. Working capital remains positive at USD 3.26 million, although declining trends indicate a need for tighter inventory and receivable control. As the wholesale beverage sector continues to grow nationally, SAI GON BEER BAC TRUNG BO TRADING JOINT STOCK COMPANY holds a solid position. Still, it operates in a landscape where competitors have shown stronger efficiency and higher margins.

For businesses, suppliers, or investors evaluating the company’s stability and performance, an updated analysis is essential. Important factors to review include credit risk, shifts in SABECO’s distribution strategy, liquidity fluctuations, and potential exposure to regional market competition.

VNBIS offers updated Company Profile Reports, Financial Reports, and Comprehensive Risk Assessments that provide a deeper, more current understanding of the company’s financial situation and operational reliability. These insights help decision-makers manage risk effectively when engaging with one of SABECO’s major regional partners.