Vietnam: Sabeco sees first signs of post-pandemic recovery on Vietnam beer market
Vietnamese brewer Sabeco, a unit of ThaiBev, said on June 1 its business was beginning to regain momentum after suffering from the impact of the COVID-19 pandemic and tough local drink-driving laws earlier this year, Reuters reported.
Amid the pandemic and following the introduction of the zero-tolerance drink-driving law in January, Vietnams beer output in the first five months of this year fell by nearly a quarter from a year earlier to 1.45 billion litres, according to the governments General Statistics Office.
We have already seen green shoots of recovery and are progressively regaining momentum as we leverage on various opportunities to solidify our business performance in 2020, Sabeco chairman Koh Poh Tiong said in a statement to Reuters.
E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at email@example.com .