Saigon Beer-Alcohol-Beverage Corporation
SABECO
Native name
Tổng Công ty Cổ phần Bia - Rượu - Nước giải khát Sài Gòn
TypePublic company
HOSE: SAB
IndustryBeverages
Founded1875 (1875)
FounderVictor Larue
Headquarters
Ho Chi Minh City
,
Vietnam
Area served
Vietnam
Key people
Koh Poh Tiong (Chairman),
Neo Gim Siong Bennett (CEO)
ProductsBeer; Wine
Production output
1.796 billion liters (2018)[1]
Revenue35,949 bn VND (2018)[1]
4,403 bn VND (2018)[1]
Total assets24,061 bn VND (QII 2019) [2]
Total equity18,592 bn VND (QII 2019) [2]
OwnerThaiBev
Subsidiaries25 subsidiary companies [1]
Websitewww.sabeco.com.vn (in Vietnamese)]

The Saigon Beer - Alcohol - Beverage Corporation (Vietnamese: Tổng Công ty Cổ phần Bia - Rượu - Nước giải khát Sài Gòn), recognized by its abbreviation and trading name Sabeco (usually stylized all caps), is Vietnam's leading beer producer.[3] It was under the authority of Vietnam's Ministry of Trade and Industry but is now a subsidiary of ThaiBev.[4] In 2011, Sabeco produced 1.2 billion liters of beer, 51.4% of the national market.[3] Its main brands are Bia Saigon (Saigon Beer) and 333 Beer.

Sabeco has several regional subsidiaries throughout Vietnam.[1]

Ownership

Vietnam's Ministry of Trade and Industry owned almost 89.59% of Sabeco as of September 2012,[5] as well a majority of shares of the competitor Habeco.[3] The Ministry's leadership announced in July 2012 that it did not yet intend to cease controlling the company.[6] Nguyễn Bá Thi, former chairman of the Managing Board who was fired by the Ministry in May 2012,[7] said that the Ministry had been interfering too much in the company.[5]

Sabeco had an initial public offering in 2008.[5]

As of September 2012 there were five international companies that were interested in investing in Sabeco.[5] Heineken, SAB Miller, Kirin and Asahi have indicated interest in becoming a stakeholder or strategic partner.[8][9]

Bangkok-based ThaiBev bought a majority of shares in Sabeco in 2018 for 4.8 billion US dollars, ending Sabeco's domestic ownership. At the time of the acquisition, Sabeco's Vietnam market share had fallen below 40 percent.[10]

Market share and competition

Sabeco's market share was 51.4% in 2010.[3] Its main competitors are Habeco (also owned by the Ministry of Industry and Trade) (13.9%) and Vietnam Brewery Limited (VBL, 29.7%), a joint-venture of Singapore's Asia Pacific Breweries and Saigon Trading Group (Satra), which brews and sells Heineken, Tiger Beer and Bière Larue in Vietnam.[3]

Vietnam War Era

Ba Muoi Ba Biere (33 Beer) was a popular local brand among American soldiers during the U.S. war in Vietnam. It was the precursor to "333" Biere. "33" Biere Export is made by BGI Tien Giang.

References

  1. 1 2 3 4 5 "Sabeco's annual report 2018" (PDF).
  2. 1 2 "Sabeco's Quarter 2/2019 Consolidated Financial Statements" (PDF).
  3. 1 2 3 4 5 "Sabeco và Habeco đạt tổng doanh thu trên 30.000 tỷ đồng trong năm". gafin.vn. 21 June 2012. Archived from the original on 23 June 2012. Retrieved 24 November 2012.
  4. ↑ "Bộ Công thương muốn trực tiếp quản lý Habeco, Sabeco - Gafin.vn". gafin.vn. 9 July 2012. Retrieved 24 November 2012.
  5. 1 2 3 4 "Những khó khăn của Sabeco". Gafin.vn. 18 September 2012. Retrieved 24 November 2012.
  6. ↑ "Bộ Công thương muốn trực tiếp quản lý Habeco, Sabeco". Gafin.vn. 9 July 2012. Retrieved 24 November 2012.
  7. ↑ "Sabeco leaders fired". The Saigon Times. 5 May 2012. Archived from the original on 13 May 2012. Retrieved 24 November 2012.
  8. ↑ "Habeco nhanh hơn Sabeco trong tìm kiếm đối tác chiến lược". Gafin.vn. 6 December 2012. Retrieved 7 December 2012.
  9. ↑ "Japanese brewers' thirst for highly fancied Sabeco". Vietnam Investment Review. 16 January 2012. Archived from the original on 16 March 2013. Retrieved 24 November 2012.
  10. ↑ "ThaiBev-owned Saigon Beer seeks 50% market share in Vietnam". asia.nikkei.com. Retrieved Sep 1, 2022.

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