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Selling beer earns 84 billion, selling hot pot earns 19 billion VND/day

VietNamNetVietNamNet02/05/2023


Selling hot pot and grill earns 19 billion VND/day

According to the 2022 Consolidated Financial Statements of   Golden Gate Trading and Service Joint Stock Company (Golden Gate), net revenue from sales and service provision reached 6,965 billion VND, equivalent to revenue of 19 billion VND/day.

In addition, Golden Gate has a revenue of 63 billion VND from supplier promotions, franchise income, sales bonuses from partners, etc.

However, all types of business and operating expenses of Golden Gate increased compared to 2021. Of which, the cost of goods sold and services provided reached 2,650 billion VND. Financial expenses including bank loan interest and bond issuance, exchange rate difference loss was 111.5 billion VND. Sales expenses were 3,118 billion VND, an increase of more than 1,000 billion VND compared to 2021.

After deducting all expenses, the parent company's after-tax profit recorded VND 658 billion. With the achieved results, Golden Gate has exceeded the plan for both net revenue and after-tax profit set for 2022.

Hot pot business earns billions. (Photo: KC)

Golden Gate is a restaurant chain investment and operation company, owning more than 22 brands and nearly 400 restaurants in 40 provinces and cities.

Some of Golden Gate's famous restaurant chains are Gogi House, Manwah, Kpub, iSushi, Hutong, Sumo, Vuvuzela,... in which the two main product lines are hot pot and grill.

Selling milk tea on the plane, revenue of 2 billion VND/month

According to the 2022 annual report of Noi Bai Aviation Catering JSC (NCS), total revenue from milk tea sales was VND21.9 billion. In-flight sales alone brought in VND13.9 billion, accounting for 63.47%. In the second half of 2022, NCS earned an average of VND2.31 billion per month from selling milk tea on planes.

Each cup of milk tea sold on NCS’s Vietnam Airlines flights costs VND50,000. The company also supplies milk tea to other aviation service companies such as VACS, MASCO and agents.

In addition to milk tea, NCS sells Tet ham and moon cakes. During the Mid-Autumn Festival, the company earned 13.4 billion VND. Of this, revenue from sales to Vietnam Airlines alone reached 4.7 billion VND.

According to the first quarter 2023 report, net revenue reached 148.5 billion VND, nearly 2.5 times higher than the same period. NCS's after-tax profit reached 10.5 billion VND, while in the same period last year it reported a loss of 5.8 billion VND.

Beer sales earn 84 billion VND/day

According to the 2022 consolidated financial report of Saigon Beer - Alcohol - Beverage Corporation ( Sabeco - SAB), net revenue reached VND 34,979 billion, an increase of 33% over the same period in 2021.
Notably, last year, this company earned 30,600 billion VND from beer sales, accounting for 86.8% of total revenue. On average, this business earns about 83.8 billion VND per day.

After deducting the cost of goods sold, the company earned VND 10,770 billion in gross profit, an increase of 42% compared to 2021.

According to statistics, SAB accounts for 40% of the beer production market share in Vietnam, distributed nationwide and exported to nearly 20 countries around the world .

Hanoi has one of the cheapest beer prices in the world . “Everything in Hanoi is cheap, except for friends.” One of the cheap things that musician Tran Tien mentioned is draft beer. Indeed, compared to other countries in the world, Hanoi is probably the cheapest place to drink beer.


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