Ho Chi Minh City, August 17, 2023, at the Awards Ceremony of Top 50 Best Listed Companies held by Forbes Vietnam, Saigon Beer-Alcohol-Beverage Corporation (SABECO) was honored in Top 50 Best Listed Companies. This is the 6th consecutive year that SABECO has been honored, demonstrating its effective business strategy as well as sustainable competitiveness over the past several years.
The companies was evaluated is based on their audited consolidated financial statements of listed companies on the Ho Chi Minh Stock Exchange (HSX) and the Hanoi Stock Exchange (HNX), and satisfying criteria including compound annual growth rate of sales, profit, ROE, ROC and EPS growth rate in 2018-2022; assessment of the level of sustainable development, their position in the industry, profit sources, governance quality and, industry development prospect, etc. For SABECO, according to the audited consolidated financial statements 2022, the company recorded VND 34.979 billion in net revenue and VND 5.500 billion in profit after tax, an increase of 32% and 40% respectively as compared to 2021. The profit after tax in 2022 was the highest in the history of the company.
Carrying on the success of 2022, in 2023, SABECO has set a target of a 15% increase in net revenue to reach VND 40.272 billion and profit after tax at VND 5,775 billion, a 5% increase compared to 2022. Besides, SABECO has devised a plan to acquire ownership in Saigon Binh Tay Beer Group JSC (Sabibeco) and increase its ownership in Western-Saigon Beer JSC to 70%. These moves will help SABECO to realise synergies, improve cost and operational efficiencies.
The business associated with sustainable development
Since receiving foreign investment in 2018, SABECO has embarked on a three-phase of business transformation to enhance the company’s competitiveness, consolidate its leading position, and support the company's long-term objectives. In the second phase started in 2022, SABECO has achieved break-through results through 6 strategic pillars namely Sales, Brand/Marketing, Production, Supply Chain, People and Unlock supported by SABECO 4.0 and governance initiatives. Additionally, in terms of expanding production scale, as of now, SABECO has constantly been growing with a system of 26 breweries with the capacity of 2.5 billion liters of beer per year, and 11 trading subsidiaries.
Together with its business development objectives, SABECO also relentlessly reinforces its 4Cs sustainable development commitment, which includes driving ESG initiatives (Environmental, Social, Governance) that are in line with the corporate goals and Vietnam national strategies. In May 2023, SABECO started a partnership with Singapore Power Group to install rooftop solar power systems at 9 breweries of SABECO, bringing the total number to 17 breweries adopting solar energy in the whole system by the end of 2023. Upon completion, the project is estimated to efficiently provide almost 23% of electricity consumption at the breweries, amounting to 25 million kWh saving of electricity, which is equivalent to a reduction of 18,000 tons of emitted CO2 annually.
Regarding the water usage, the corporate has reduced waste used per liter of beer produced from 5 liters (in 2018) to below 3 liters (in 2022); applying the CIP wastewater treatment system and using sustainable packaging (down gauged our cans, light weighted our carton boxes and bottles) and reusing beer glasses and cans, etc. to minimize waste released into the environment. In addition to these, breweries in SABECO’s systems have embarked on plant-based biomass fuel (e.g., rice hulls, sawdust, cashew shell and leaves) usage instead of using fossil fuel-powered boilers, contributing to reducing emissions released into the environment.
With the Bia Saigon inheriting a long heritage of more than 148 years of history, SABECO constantly innovates, focuses on investing in new product development and branding to uplift the meaningful experiences of consumers, especially to the young ones. On the occasion of National Day September 2nd, 2023, SABECO and Bia Saigon will introduce 5 new beer flavors that are combined with Vietnamese popular and signature ingredients through the beer festival: Vung Tau BeerFest - Around the World with Bia Saigon.
These efforts have shown a long-term and visionary strategy that SABECO has consistently implemented to head towards the goal of bringing out the best of Vietnam.
ABOUT SABECO
With 148 years of brewing history, Saigon Beer – Alcohol – Beverage Corporation (“SABECO”) has established itself as one of Vietnam’s leading companies.
SABECO includes 26 breweries and 11 trading subsidiaries and has a distribution network consisting of hundred thousand retailers nationwide. SABECO is proud to offer a brand portfolio that consists of some of the most well-loved beer brands in Vietnam, including Bia Lac Viet, Bia Saigon Chill, Bia 333, Bia Saigon Special, Bia Saigon Export, Bia Saigon Lager and Bia Saigon Gold.
Our flagship brands Bia Saigon and Bia 333 have been consistently recognized for its outstanding quality by prestigious local and international organizations, such as “National Brand” of Vietnam for several years. Most recently, it has received 8 gold and silver medals from the Beverage Testing Institute (BTI) in the United States, Asia Beer Championship 2022, the gold medal at the International Brewing Awards 2019 (IBAs), the Gold, Silver and Bronze Prize at the International Beer Cup 2019 (IBC) and Gold, Silver Medal at Australia International Brewing Award 2020 (AIBA), Gold and Silver Medal at Monde Selection Award 2021.
With a commitment to investing in business development along with sustainable development, SABECO is always striving to create positive changes to enhance the position of the Vietnamese brand, while promoting positive development for the community and Vietnam. Accordingly, our sustainable development strategy focuses on four pillars: Consumption, Conservation, Country, and Culture.
For more information on SABECO, please visit: www.sabeco.com.vn
Press information, please contact: Dinh Nguyen Thi Huong, Head of Corporate Communication, Saigon Beer-Alcohol-Beverage Corporation (SABECO) – huongdnt@sabeco.com.vn