Vietnam: Sabeco increases beer output by 7% in 2017

The Saigon Beer, Alcohol and Beverage Corporation (Sabeco) produced nearly 1.73 billion litres of beer in 2017, an increase of 7 per cent compared to the previous year and exceeding 5 per cent against the year target, Viet Nam News reported on January 15.

The information was revealed in the company’s conference to sum up the 2017’s business results held last week in HCM City.

With this output figure, Sabeco continues to lead the Vietnamese beverage market with a 40 per cent share, amidst increasing pressure from domestic and foreign competitors.

In addition, Sabeco achieved after-tax profit of more than VNĐ4.7 trillion (US$206.9 million), 3 per cent higher than the target.

This year, the corporation targets to produce 1.85 billion litres of beer. To achieve this goal, Sabeco’s board of directors is applying synchronous measures to improve the quality of products.

Sabeco currently owns 26 manufacturing plants, 10 trading subsidiaries and 37 branches nationwide. The company has also launched a premium beer titled Saigon Gold for serving Tết (Lunar New Year) holiday and export markets.

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