Sabeco Brewery
{{Short description|Vietnamese beer producer}}
{{Infobox company
| name = Saigon Beer-Alcohol-Beverage Corporation
| logo = Sabeco_Brewery.png
| trading_name = SABECO
| native_name = Tổng Công ty Cổ phần Bia – Rượu – Nước giải khát Sài Gòn
| native_name_lang = vi
| type = Public company
| traded_as = {{HOSE|SAB}}
| foundation = {{start date and age|1875}}
| founder = Victor Larue
| location_city = Ho Chi Minh City
| location_country = Vietnam
| area_served = Vietnam
| key_people = Koh Poh Tiong (Chairman),
Neo Gim Siong Bennett (CEO)
| industry = Beverages
| products = Beer; Wine
| production = 1.796 billion liters (2018){{Cite news | title = Sabeco's annual report 2018| url = http://www.sabeco.com.vn/Data/Sites/1/media/co%20dong/1%20cong%20bo%20thong%20tin/2019/11-04-2019/email%202/EN%20-%202018%20AR.pdf}}
| revenue = 35,949 bn VND (2018)
| operating_income =
| net_income = 4,403 bn VND (2018)
| assets = 24,061 bn VND (QII 2019) {{Cite news | title = Sabeco's Quarter 2/2019 Consolidated Financial Statements| url = http://www.sabeco.com.vn/Data/Sites/1/media/co%20dong/bao%20cao%20tai%20chinh/2019/qu%C3%BD%202/Q2FS%20-%20CONSO%20-%20EN.pdf}}
| equity = 18,592 bn VND (QII 2019)
| owner = ThaiBev
| subsid = 25 subsidiary companies
| homepage = {{URL|http://www.sabeco.com.vn}} (in Vietnamese)
}}
The Saigon Beer – Alcohol – Beverage Corporation ({{langx|vi|Tổng Công ty Cổ phần Bia – Rượu – Nước giải khát Sài Gòn}}), recognized by its trading name Sabeco, is Vietnam's leading beer producer.{{Cite news | title = Sabeco và Habeco đạt tổng doanh thu trên 30.000 tỷ đồng trong năm | url = http://gafin.vn/20120621094930598p0c36/Sabeco-va-Habeco-dat-tong-doanh-thu-tren-30000-ty-dong-trong-nam-2011.htm | publisher = gafin.vn | date = 21 June 2012 | access-date = 24 November 2012 | url-status=dead | archive-url = https://web.archive.org/web/20120623031436/http://gafin.vn/20120621094930598p0c36/sabeco-va-habeco-dat-tong-doanh-thu-tren-30000-ty-dong-trong-nam-2011.htm | archive-date = 23 June 2012 }} It was under the authority of Vietnam's Ministry of Trade and Industry but is now a subsidiary of ThaiBev.{{Cite news | title = Bộ Công thương muốn trực tiếp quản lý Habeco, Sabeco – Gafin.vn | url = http://gafin.vn/20120709061759543p0c33/Bo-Cong-thuong-muon-truc-tiep-quan-ly-Habeco-Sabeco.htm | publisher = gafin.vn | date = 9 July 2012 | access-date = 24 November 2012 }} In 2011, Sabeco produced 1.2 billion liters of beer, 51.4% of the national market. Its main brands are Bia Saigon (Saigon Beer) and 333 Beer.
Sabeco has several regional subsidiaries throughout Vietnam.
Ownership
Sabeco had an initial public offering in 2008.
Vietnam's Ministry of Trade and Industry owned almost 89.59% of Sabeco as of September 2012,{{Cite news | title = Những khó khăn của Sabeco | url = http://gafin.vn/20120918084429167p0c36/Nhung-kho-khan-cua-Sabeco.htm | publisher = Gafin.vn | date = 18 September 2012 | access-date = 24 November 2012 }} as well a majority of shares of the competitor Habeco. The Ministry's leadership announced in July 2012 that it did not yet intend to cease controlling the company.{{Cite news | title = Bộ Công thương muốn trực tiếp quản lý Habeco, Sabeco | url = http://gafin.vn/20120709061759543p0c33/Bo-Cong-thuong-muon-truc-tiep-quan-ly-Habeco-Sabeco.htm | publisher = Gafin.vn | date = 9 July 2012 | access-date = 24 November 2012 }} Nguyễn Bá Thi, former chairman of the Managing Board who was fired by the Ministry in May 2012,{{Cite news | title = Sabeco leaders fired | url = http://english.thesaigontimes.vn/Home/business/corporate/23273/ | publisher = The Saigon Times | date = 5 May 2012 | access-date = 24 November 2012 | archive-date = 13 May 2012 | archive-url = https://web.archive.org/web/20120513145145/http://english.thesaigontimes.vn/Home/business/corporate/23273/ | url-status = dead }} said that the Ministry had been interfering too much in the company.
As of September 2012 there were five international companies that were interested in investing in Sabeco. Heineken, SAB Miller, Kirin and Asahi have indicated interest in becoming a stakeholder or strategic partner.{{cite news|title=Habeco nhanh hơn Sabeco trong tìm kiếm đối tác chiến lược|url=http://gafin.vn/20121112104149534p0c36/habeco-nhanh-hon-sabeco-trong-tim-kiem-doi-tac-chien-luoc.htm|access-date=7 December 2012|newspaper=Gafin.vn|date=6 December 2012}}{{Cite news | title = Japanese brewers' thirst for highly fancied Sabeco | url = http://www.vir.com.vn/news/business/japanese-brewers-thirst--for-highly-fancied-sabeco.html | publisher = Vietnam Investment Review | date = 16 January 2012 | access-date = 24 November 2012 | archive-date = 16 March 2013 | archive-url = https://web.archive.org/web/20130316085136/http://www.vir.com.vn/news/business/japanese-brewers-thirst--for-highly-fancied-sabeco.html | url-status = dead }}
Bangkok-based ThaiBev bought a majority of shares in Sabeco in 2018 for US$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.{{Cite web|url=https://asia.nikkei.com/Asia300/ThaiBev-owned-Saigon-Beer-seeks-50-market-share-in-Vietnam|title=ThaiBev-owned Saigon Beer seeks 50% market share in Vietnam|website=asia.nikkei.com|accessdate=Sep 1, 2022}}
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.
Gallery
Sai Gon lager beer green label.jpg
Bia Saigon Special beer.jpg
References
{{Reflist}}
External links
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Category:Manufacturing companies based in Ho Chi Minh City