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Top 10 largest beverage companies in Vietnam (2021 update)

Top 10 largest beverage companies in Vietnam (2021 update)

Saturday 25, 12 2021
The list of 10 largest beverage companies in Vietnam is compiled by VietnamCredit based on their financial data for the last 3 years including revenue, profit after tax and gross profit margin.

Top 10 Beverage

1. HEINEKEN VIETNAM BREWERY LIMITED COMPANY

Heineken Vietnam Brewery Limited Company (Heineken Vietnam Brewery) was established on December 9, 1991 by Saigon Trading Corporation (SATRA) and Asia Pacific Breweries Ltd. (APB), which is now Heineken Asia Pacific Pte Limited.

The brewery has an area of 12.7 hectares and is located in Ho Chi Minh City. This is one of the most modern breweries in Southeast Asia. The company currently employs more than 1,600 workers and creates thousands of jobs for suppliers and partners in Vietnam.

In addition to the factory in HCMC, Heineken Vietnam Brewery also owns factories in Da Nang, Quang Nam, and Tien Giang. Currently, the company is manufacturing and trading in beer brands including Heineken, Tiger, Tiger Crystal, Desperados, Biere Larue, Biere Larue Export, BGI and Bivina.

Heineken Vietnam's revenue is no longer growing as strongly as in the pre-pandemic period, but has not decreased. In 2020, the revenue of this company was 1,373 million USD, down 1% compared to 2019 but up 22% compared to 2018 when the Covid-19 epidemic had not yet broken out.

HEINEKEN VIETNAM BREWERY LIMITED COMPANY

2. SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION

The predecessor of the company was a small brewery founded by Mr. Victor Larue, a Frenchman, in Saigon in 1875. Thirty-five years later, in 1910, the workshop developed into a complete factory, focusing on manufacturing beer, soft drinks and ice.

In September 1927, the factory was officially merged into the French BGI system, and 50 years later (in 1977), it was managed with the Southern Beer Company. Since then, the factory was renamed Saigon Brewery.

Before 2016, although Saigon Beer - Alcohol - Beverage Joint Stock Corporation (SABECO) was a joint stock enterprise, the State still held nearly 90% of the charter capital of this enterprise and the Ministry of Industry and Trade acted as the representative of the State capital in Sabeco. In December 2017, the subsidiary of Thai billionaire Charoen Sirivadhanabhakdi, Vietnam Beverage Co., Ltd., bought a full 53.59% of the state-owned shares offered for sale in Sabeco with the price of 4.8 billion USD.

Sabeco provides the following beer products: Saigon Lager, Saigon Special, Saigon Export, Saigon Chill, Saigon Gold, Beer 333, and Lac Viet Beer.

According to the audited financial report for 2020, Sabeco achieved a revenue of nearly 28 trillion VND, down 26% compared to 2019 and its profit after tax reached more than 4,936.84 billion VND, down 8% compared to 2019. However, compared to the plan set out at the beginning of 2020, realized net revenue increased by 17% and profit after tax increased by 42%.

SAIGON BEER - ALCOHOL - BEVERAGE CORPORATION

3. SUNTORY PEPSICO VIETNAM BEVERAGE CO., LTD

On December 24, 1991, International Beverage Company (IBC) was established. In 1994, Pepsico officially entered the Vietnamese market when it entered into a joint venture with IBC. In 2003, the company was renamed Pepsico Vietnam International Beverage Company. In 2004 through the merger and acquisition of Dien Ban factory, the company expanded production and business in Quang Nam. In 2007, SPVB further developed soy milk products. In February 2010, the new factory in Can Tho officially went into operation. The largest PepsiCo factory in Southeast Asia was inaugurated in Bac Ninh in October 2012.

Suntory PepsiCo Vietnam Beverage Company Limited (SPVB) is a successful beverage strategic alliance established in 2013 between Suntory and PepsiCo corporations.

SPVB is one of the leading beverage companies in Vietnam, offering a wide range of locally loved products such as Sting, Lipton, Pepsi, TEA+ Oolong Tea and 7Up.

According to the financial statements for the last three years, Suntory PepsiCo's revenue increased by 10% from 748.6 million USD in 2018 to 820 million USD in 2020.

SUNTORY PEPSICO VIETNAM BEVERAGE CO., LTD

4. COCA-COLA BEVERAGES VIET NAM LIMITED LIABILITY COMPANY

Coca-Cola is one of the most famous international brands in Vietnam. The company currently has factories located in Ho Chi Minh City, Da Nang and Hanoi, creating about 4,000 jobs for local people. Coca-Cola's beverage brands in Vietnam include Coca-Cola, Coca-Cola Light, Coke Zero, Sprite, Fanta, Minute Maid Nutriboost, Minute Maid Teppy, Schweppes, Dasani and Aquarius, Fuzetea+ bottled tea, Georgia canned coffee and Coca-Cola® Enegy Energy Drink.

In 2019, Coca-Cola Vietnam was recognized as the top 2 sustainable businesses in Vietnam by VCCI and the Top 1 favorite employer by Career Builder.

According to data collected by VietnamCredit, Coca-Cola Vietnam's revenue in the last 3 years has fluctuated, from 370 million USD in 2018 to 404 million USD in 2019 and down to 347.8 million USD in 2020.

COCA-COLA BEVERAGES VIET NAM LIMITED LIABILITY COMPANY

5. HANOI BEER ALCOHOL AND BEVERAGE JOINT STOCK CORPORATION

The company was formerly known as Hommel Brewery built by the French in 1890. On May 6, 2003, the Minister of Industry and Trade issued Decision No. 75/2003/QD-BCN to establish Hanoi Beer - Alcohol - Beverage Corporation (HABECO). From June 16, 2008, the corporation officially transformed from a State Corporation to a Joint Stock Corporation. This is an important turning point for Hanoi Beer to affirm its position in the integration period.

Famous product lines that make up the Habeco brand including Hanoi draft beer, Hanoi canned beer, Truc Bach beer, and Hanoi Beer Premium have received the trust of consumers for both quality and style, conquering beer connoisseurs at home and abroad.

HANOI BEER ALCOHOL AND BEVERAGE JOINT STOCK CORPORATION

6. URC VIETNAM COMPANY LIMITED

URC Vietnam is a branch of Universal Robina Corporation (URC) - part of JG Summit Philippines, one of the top 300 leading companies in Asia (according to Nikkei Asia Review). With over 60 years of experience, operating across ASEAN and Oceania, URC is a pioneer in the food and beverage industry in the Philippines.

URC Vietnam started its operation in 2003 as a company specializing in trading imported products until the first URC factory was built in Vietnam - Singapore Industrial Park (Binh Duong). Currently, URC Vietnam's factories have been replicated across the country with 3 factories in Binh Duong, 1 factory in Quang Ngai, 1 factory in Hanoi and will reach beyond.

URC VIETNAM COMPANY LIMITED

7. TRUNG NGUYEN GROUP CORPORATION

Trung Nguyen Group Joint Stock Company was formerly a small coffee shop established by Chairman Dang Le Nguyen Vu in Buon Ma Thuot - the coffee hub of Vietnam. On April 12, 2006, Trung Nguyen Group Joint Stock Company was officially established under the business license number 0304324665 issued by the Department of Planning and Investment of Ho Chi Minh City. Trung Nguyen Group Joint Stock Company operates mainly in the fields of producing, processing, trading coffee and franchising Trung Nguyen coffee.

So far, Trung Nguyen's products have been exported to more than 60 countries around the globe, such as the US, Canada, Russia, UK, Germany, and  Japan.

In terms of franchising, Trung Nguyen Franchising Joint Stock Company was established in 2011 to manage Trung Nguyen coffee space chain. Currently, the Group has successfully franchised in two extremely choosy markets, Japan and Singapore.

Regarding production scale, the Group currently has 3 factories: 1 coffee factory in Saigon, 2 Trung Nguyen instant coffee factories in Binh Duong and Bac Giang along with modern equipment and machinery.

In 2020, this group recorded a revenue of 202.8 million USD, a slight increase of 1% compared to 2019.

TRUNG NGUYEN GROUP CORPORATION

8. CARLSBERG VIETNAM TRADING LIMITED

Carlsberg was one of the first Danish multinationals to enter Vietnam and made its first investment in 1993. For the first 20 years, Carlsberg ran its operations in Vietnam through Carlsberg Indochina. In 2013, Carlsberg Vietnam company was established with manufacturing plants located in the North and Central Vietnam.

In Vietnam, Carlsberg's activities are associated with Vietnamese beer brands such as Huda, Huda Gold and Halida.

CARLSBERG VIETNAM TRADING LIMITED

9. TAN HIEP PHAT TRADING - SERVICE COMPANY LIMITED

Tan Hiep Phat Trading-Service Co., Ltd was established in 1994 with the predecessor unit of Ben Thanh Beer and Beverage Factory, with the function of trading beer and soft drinks. The company is currently a member of the Vietnam Beer Alcohol - Beverage Association. Currently, Tan Hiep Phat is one of the largest corporations in Vietnam with annual revenue of thousands of billions VND.

With continuous efforts, Tan Hiep Phat has made strong development steps, currently occupying the majority of beer and beverage market share of the domestic market. With the ambition of "becoming a leading corporation in Asia in 3 main business fields: beverage, instant food, and plastic packaging", Tan Hiep Phat has continuously invested in developing production line system, modernize technology, and is one of the domestic units possessing the most modern production technologies and lines.

TAN HIEP PHAT TRADING - SERVICE COMPANY LIMITED

10. VINACAFÉ BIEN HOA JOINT - STOCK COMPANY

The predecessor of Vinacafé Bien Hoa is Coronel Coffee Factory, established in 1969 with a designed capacity of 80 tons of instant coffee/year with the entire system of machinery and equipment imported from Germany. In 1975, Coronel Coffee Factory was renamed Bien Hoa Coffee Factory. On December 29, 2004, Bien Hoa Coffee Factory transformed from a state-owned enterprise into a joint stock company and changed its name to Vinacafé Bien Hoa Joint Stock Company (Vinacafé BH).

Vinacafé Bien Hoa is considered the number one instant coffee producer in Vietnam, successfully developing two brands Vinacafé and Wake-Up, accounting for 41% of the instant coffee market share.

Currently, Vinacafé BH is operating two factories Bien Hoa and Long Thanh, completely replacing imported instant coffee and increasing automation of production stages, increasing the recovery rate, and reducing loss. As a result, production efficiency has increased significantly. In addition, Vinacafé Bien Hoa's product distribution system (belonging to Masan's beverage distribution system) is considered the strongest, deepest and most extensive distribution system in Vietnam with 130,000 beverage retail outlets and 3,000 employees, 08 distribution centers across 63 provinces and cities in Vietnam.

VINACAFÉ BIEN HOA JOINT - STOCK COMPANY

Alice Hoang Thao - VietnamCredit

 

 

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