SABECO is in the Top 3 leading listed brands in 2024 announced by Forbes Vietnam

The “List of 25 Leading Listed Brands” in 2024 was announced and awarded by Forbes Vietnam on December 12, 2024. The list features leading businesses in many fields, based on financial data of names that have been listed for many years on the Vietnamese stock exchange.

Of which, Saigon Beer - Alcohol - Beverage Corporation (SABECO) ranked 3rd in the list with a brand value of 474 million USD.

Improving business performance To compile the list of 25 leading listed brands in 2024, Forbes Vietnam gathered financial data of listed companies on the three exchanges HoSE (Ho Chi Minh City Stock Exchange), HNX (Hanoi Stock Exchange) and UpCom. With the support of Ho Chi Minh City Securities Corporation (HSC), Forbes Vietnam magazine used Forbes' exclusive method (USA) to calculate brand value. By eliminating profits generated from tangible assets to determine the company's profits generated from intangible assets, the company's brand value is further determined from this number after allocating the brand's contribution coefficient in each industry and the average P/E ratio of that industry at the time of calculation. The total brand value of the 25 companies on the 2024 list is nearly 5.2 billion USD, with total pre-tax profit reaching more than 185 trillion VND (equivalent to 7.3 billion USD) in 2023.

Saigon Cu Chi Beer Factory

Along with the economic recovery, SABECO's business results have also gradually shown signs of growth and improvement in business efficiency. SABECO recorded revenue in the third quarter of 2024 reaching VND 7,670.11 billion, up 3.4% over the same period and profit after tax increased by 8.1%, from VND 1,074 billion to VND 1,161.36 billion. Committed to creating positive values ​​As one of the leading enterprises in Vietnam, SABECO is committed to creating positive values ​​for the company and its partners, while supporting the development of the community through 3 pillars: Business Excellence; People-Centric Philosophy; ESG Practices (Environmental, Social and Governance) Through these pillars, SABECO promotes the company's sustainable growth, strengthens its leading position in Vietnam, as well as the sustainable development of local communities where SABECO operates its production business.

Saigon Beer Production Line

In doing so, SABECO is committed to maintaining its leading position domestically and strengthening its presence in the international market by producing high-quality products, applying world-class innovative technology in production and operations, putting ethics first in business, and strengthening its presence in provinces and cities across the country.

Rooftop solar panel system at Saigon Quang Ngai Beer Factory

In 2024, SABECO launched the 333 Pilsner beer line - a lighter and smoother version of the legendary 333 brand; inaugurated the SABECO Beer Research and Development Center (SRC), marking a new step forward in the journey towards the goal of completely mastering technology and creating many new high-quality products, contributing to strongly affirming the value of Vietnamese brands in the international arena. Last November, SABECO's efforts were recognized through prestigious domestic and international awards such as: Top 100 sustainable development enterprises in Vietnam in 2024 (CSI 100) by the Vietnam Council for Sustainable Development (VBCSD); "Companion enterprise for sustainable development" award by Dau Tu Newspaper; Customer Experience Initiative of the Year - Vietnam award within the framework of the FMCG Asia Awards 2024 organized by Retail Asia./. Source: https://thoibaotaichinhvietnam.vn/sabeco-nam-trong-top-3-thuong-hieu-niem-yet-dan-dau-nam-2024-do-forbes-viet-nam-cong-bo-166399.html