SABECO continues to be in the top prestigious beverage companies in Vietnam

Amidst the influx and deep penetration of the Vietnamese market by numerous global brands, SABECO continues to affirm its position by ranking among the most reputable companies in the food and beverage industry for eight consecutive years.

Recently, Vietnam Report Joint Stock Company announced the "Top 10 Most Reputable Food and Beverage Companies in 2024" across nine industry groups. Among them, Saigon Beer, Alcohol and Beverage Joint Stock Corporation ( SABECO ) continues to be a leading company in the alcoholic beverage sector. The "Top 10 Most Reputable Beverage Companies in 2024" ranking is based on independent and objective research by Vietnam Report, published annually since 2017, using Media Coding methods combined with in-depth research on key industries with high growth potential. Accordingly, Vietnam Report coded articles about the Food and Beverage industry published in influential newspapers between August 2023 and July 2024. The articles were analyzed and evaluated at the story level, covering 24 specific operational aspects of the companies, from products, business results, and markets to the activities and reputation of company leaders. In 8 editions, SABECO also consistently ranked among the top reputable companies in the food and beverage industry, specifically the alcoholic beverage sector. This demonstrates the strong influence and competitiveness of the company that owns the famous Bia Saigon brand, which is nearly 150 years old, in the domestic market.

For the eighth consecutive year, SABECO has been ranked among the top reputable companies in the food and beverage industry, specifically in the alcoholic beverage sector.

Amidst global turmoil caused by war, inflation, and rising input costs due to global supply chain crises, businesses in the industry are facing significant pressure. The difficulty in sourcing raw materials from abroad has increased production costs, impacting product prices and profit margins. Furthermore, the strict enforcement of Decree 100 has significantly affected alcohol consumption. However, SABECO remains resilient in the face of these challenges, adjusting its strategy, optimizing production processes, and seeking alternative solutions to mitigate the impact of external factors. These efforts not only helped SABECO overcome the difficult period but also created momentum for growth in the first half of 2024. SABECO's consolidated financial report for the second quarter of 2024 shows that, cumulatively over the first six months, SABECO earned more than VND 13,400 billion from beer sales, accounting for 88% of total revenue. Net revenue after the first two quarters reached VND 15,270 billion, recording a net profit of VND 2,246 billion, an increase of 5% and 6% respectively compared to the first half of last year, in the context of what the company believes has improved economic conditions . Compared to the revenue and profit targets set, SABECO has completed 44% of its revenue target and 51% of its profit target for the whole year.

According to SABECO's consolidated financial report for the second quarter of 2024, net revenue after the first two quarters reached VND 15,270 billion, recording a net profit of VND 2,246 billion, completing 44% of the revenue target and 51% of the profit plan for the whole year.

Besides its positive business results, SABECO has also made its mark with the continued recognition of product quality not only in the domestic market but also internationally. According to Kantar's Vietnam Brand Footprint 2024 report, the Saigon Beer brand continued to maintain its position as the top 2 most purchased beverage brands in rural areas in 2023, with a growth of 10.5% in purchase occasions and 8.1% in household purchase rate. SABECO's products, including Saigon Beer and Lac Viet Beer, recently won many gold and silver medals at the World Beer Awards 2024. SABECO also actively contributes to community development through programs such as "Lighting up the Countryside," installing 73 km of solar-powered streetlights in 63 provinces and cities nationwide; and "Supporting Sports, " upgrading 30 community sports fields in 30 localities. Source: https://dantri.com.vn/kinh-doanh/sabeco-tiep-tiep-vao-top-cong-ty-do-uong-uy-tin-hang-dau-viet-nam-20240920211744973.htm