SABECO, or Saigon Beer – Alcohol – Beverage Corporation, was recognized as an "Outstanding Enterprise for Employees" for the first time by the Vietnam General Confederation of Labor in conjunction with the Ministry of Labor, Invalids and Social Affairs (MoLISA) and the Vietnam Chamber of Commerce and Industry (VCCI).
At an award ceremony organized by Lao Dong Newspaper on October 29, SABECO was one of the 9 businesses honored by MoLISA for its exceptional efforts in caring for its employees’ well-being and improving their capacities. The "Outstanding Enterprises for Employees" recognition aims to acknowledge businesses contributing to Vietnam's socio-economic and human development while fostering a positive work environment for their employees.
Mr. Lester Tan, the General Director of SABECO, received the certificate from MoLISA and the Vietnam Labor Confederation
The evaluation criteria for this recognition are established by labor experts and assessed various aspects such as income, training, working conditions, social benefits, and activities that promote the physical and mental well-being of employees. This assessment is further validated by various authorities and surveys, ensuring a comprehensive evaluation. This year in particular, the award was honored to the companies which were able to keep their growth momentum regardless of post-Covid 19 economic challenges, maintaining stable production activities, increasing revenue and profits, while taking good care of the physical and mental health of their employees.
SABECO, with nearly 13,000 direct employees, emphasized a people-centric approach in its growth strategy, aiming to maintain stable employment despite the challenges post-COVID-19. The company's business strategy centers on sustainable development with a focus on its workforce as a crucial pillar for growth. People represent one of the six strategic focuses that have aided SABECO in enhancing its competitiveness while sustaining its leading position since the commencement of its transformation in 2019.
New HR policies to ensure a safe and healthy work environment were implemented
In 2022, SABECO implemented several initiatives to support its employees, including a performance-based salary structure, re-evaluation of salary ranges and benefits, and the introduction of new HR policies to ensure a safe and healthy work environment. The company prioritized training and development programs, surpassing legal requirements with a total of 2,957 training hours, emphasizing the importance of skill development.
The corporation also promotes an active and healthy lifestyle among its workforce by organizing events like the SABECO Employees’ Sport Days, encouraging physical activities and camaraderie among employees.
Mr. Lester Tan, the General Director of SABECO, highlighted the importance of their employees in the company's success and its journey towards sustainability. He reiterated the company's commitment to investing in its workforce to enhance internal strength and competitiveness, creating sustainable value for stakeholders, customers, and the communities.
SABECO Employees’ Sport Days
SABECO's dedication to its transformation journey led to significant financial achievements in 2022. The company reported a net revenue of VND 34,979 billion and a profit after tax of VND 5,500 billion, indicating a 32% and 40% increase, respectively, compared to 2021. The brand Bia Saigon maintained its leading position in the beer market share by volume as of August 2023, according to research by NielsenIQ Vietnam. Additionally, SABECO was honored as one of the highest contributors to the state budget among beverage manufacturers during the COVID-19 pandemic, recognized for its significant tax contributions.
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