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SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION

Active

Business ID 0300583659

84-28 / 3829 4081 / 3829 6342

SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION

Active

Business ID 0300583659

84-28 / 3829 4081 / 3829 6342

SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION

Active

Summary

Name:

SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION

Business ID (TIN):

0300583659

Date of Registration:

17 Apr 2008

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ticker:

SAB

Address:

No. 187, Nguyen Chi Thanh Street, Ward 12, District 5, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3829 4081 / 3829 6342

Fax:

(84-28) 3829 6856

Financial Statement:

2020, 2021, 2022, 2023, 2024

SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION (TỔNG CÔNG TY CỔ PHẦN BIA - RƯỢU - NƯỚC GIẢI KHÁT SÀI GÒN), commonly known as Sabeco, is one of Vietnam's largest beverage manufacturers. Established in 2008 and headquartered in Ho Chi Minh City, Sabeco has built a dominant position in the domestic beer market. The company is listed on the Ho Chi Minh Stock Exchange (HOSE) under the ticker SAB and operates as a publicly held joint-stock company.

Operations and Market Position

Sabeco is best known for its Saigon Beer and 333 Beer brands, which have remained household names across Vietnam for decades. The company specializes in the manufacture of malt liquors, beer, and alcoholic beverages, along with engaging in wholesale distribution, market research, and advertising. With multiple production facilities, including a key factory in Cu Chi District, Ho Chi Minh City, the company ensures widespread availability of its products nationwide.

Despite maintaining a strong market presence, Sabeco faces intensifying competition from international and local beer producers. Brands like Heineken, Tiger, and Budweiser have aggressively expanded their presence in Vietnam, challenging Sabeco’s market dominance. Additionally, shifting consumer preferences toward health-conscious alternatives and premium craft beers pose long-term challenges to Sabeco’s traditional beer market.

Financial Performance

Sabeco continues to operate with substantial financial strength, reporting total assets exceeding one billion USD in 2023. However, the company has faced fluctuations in revenue and profitability, reflecting changing market conditions and operational challenges.

Revenue declined by nearly 10% in 2023, indicating weaker beer consumption and increased competition.
Profit fell by nearly 6%, marking a continued downward trend after a previous 16% increase in 2022.
Despite lower profits, total equity grew, suggesting strong reinvestment and financial stability.

Sabeco’s financial struggles highlight broader industry trends, including economic slowdowns, higher production costs, and shifting consumer behaviors. The company will need to adapt its product offerings and marketing strategies to remain competitive in Vietnam’s evolving beverage market.

Strengths and Competitive Advantages

Established Brand Presence – Sabeco is a well-known national brand, holding a large market share in Vietnam’s beer industry.
Extensive Distribution Network – With wholesale operations and partnerships, the company maintains strong nationwide distribution.
Financial Stability – Despite declining sales, Sabeco remains financially strong, with growing equity and asset value.
Government and Corporate Backing – With Vietnam Beverage Company and the State Capital Investment Corporation as major shareholders, Sabeco benefits from strategic financial and policy support.

Challenges and Weaknesses

Declining Sales and Profitability – A significant drop in revenue in 2023 reflects reduced consumer demand and competitive pressures.
Foreign Competition – International beer brands continue to gain market share, forcing Sabeco to adjust its branding and pricing strategies.
Changing Consumer Preferences – The rise of low-alcohol and non-alcoholic beverages challenges Sabeco’s traditional beer-centric business model.
Regulatory and Tax Pressures – Vietnam has tightened regulations on alcohol consumption and advertising, limiting Sabeco’s marketing capabilities.

Role of Business Verification Services

As Vietnam’s alcohol market becomes more competitive, ensuring financial transparency and business integrity is essential for investors and partners. VANGUARD BUSINESS INFORMATION LLC (VBI) offers business verification services to assess private financial data and support risk management in investment decisions. Companies looking to collaborate or invest in Sabeco can benefit from VBI’s in-depth financial analysis and corporate compliance evaluations.

Future Outlook

To sustain long-term growth, Sabeco must adapt to shifting consumer trends and expand its product portfolio beyond traditional beer. Strategies such as investing in premium craft beer, diversifying into non-alcoholic beverages, and modernizing marketing efforts will be key to remaining competitive. Additionally, strengthening export markets and leveraging digital sales platforms could help counteract domestic market challenges.

Conclusion

Sabeco remains a leading force in Vietnam’s beer industry, but declining revenue, increased competition, and regulatory challenges require strategic adaptation. The company’s strong brand equity, financial stability, and government backing provide a solid foundation, but future success will depend on its ability to innovate, modernize, and stay ahead of evolving consumer demands.

Legal Profile

English Name:

SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION

Vietnamese Name:

TỔNG CÔNG TY CỔ PHẦN BIA - RƯỢU - NƯỚC GIẢI KHÁT SÀI GÒN

Short Name:

Sabeco

Business ID (TIN):

0300583659

Date of Registration:

17 Apr 2008

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ticker:

SAB

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ KOH P.T

+ NEO G.S.B

+ NG K.N.M

+ LAM D.A

+ KOO L.K

+ VENUS T.K.W

+ TRAN N.T

Address:

No. 187, Nguyen Chi Thanh Street, Ward 12, District 5, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3829 4081 / 3829 6342

Fax:

(84-28) 3829 6856

Factory Address:

Area C1, Road D3, Tay Bac Cu Chi Industrial Park, Cu Chi Town, Cu Chi District, Ho Chi Minh City, Vietnam

Transaction office:

5th Floor, Vincom Center Dong Khoi Building, No. 72, Le Thanh Ton Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

1103 Manufacture of malt liquors and malt

Industry Sales Growth

CAGR (2019 - 2023)

-0.34%

YoY (2023)

-6.17%

Companies by industry

Company distribution and propportions

407

0.0140%

Key Industry Players

Top 10 companies in manufacture of malt liquors and malt industry

saigon beer - alcohol - beverage corporation hanoi beer alcohol and beverage joint stock corporation heineken vietnam brewery limited company carlsberg vietnam breweries limited saigon binh tay beer group joint stock company halong beer and beverage joint stock company sai gon-mien trung beer joint stock company sai gon-quang ngai beer joint stock company anheuser-busch inbev vietnam brewery company limited saigon - lamdong beer joint stock company

Payment History

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Financial Performance

Assets	-40.47%
Owner’s Equity	-99.93%
Working Capital	89.59%
Net Worth	-43.97%
Sales	53.48%
Operating income	93.55%
EBIT	31.04%
Gross Profit Margin	-85.13%
Debt to EBITDA	28.05%

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Specific Questions About SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION

When did SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION start operating?

SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION was started in 17 Apr 2008

What industry does SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION operate in?

SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION is operating in "Manufacture of malt liquors and malt" industry

How can I contact SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION?

SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION phone numbers is 84-28 / 3829 4081 / 3829 6342

What adverse news is there about SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION?

SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION’s has 3 bad news

What is stock symbol of SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION?

SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION’s stock symbol is SAB

Where is the location of SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION?

SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION is located at No. 187, Nguyen Chi Thanh Street, Ward 12, District 5, Ho Chi Minh City, Vietnam

What is SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION’s business registration?

SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION business registration is 0300583659

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SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION