Việt Nam is the holy grail for global beer companies, with the market continuing to grow while many others have flatlined, but the competition is fierce.
The Saigon Alcohol Beer and Beverages Corporation (Sabeco) reported good profit for 2016 and requested the Ministry of Industry and Trade (MoIT) to hasten its equitisation this year.
Saigon Beer Alcohol Beverage Corporation (Sabeco) hit the daily limit rise of 20 per cent on its first trading day on the main bourse in HCM City yesterday but this was not enough to lift the market which was dragged down by growing pessimism in the market outlook.
The director of a bank in HCM City says lenders have no plans as of now to increase loan interest rates, though they find it difficult to cut capital costs since deposit interest rates are tending to increase.
Beverage companies seek to delay application of amended regulations on calculating their special consumption tax.