Heineken Vietnam halts Quang Nam brewery operations amid market shifts
Vietnam's beer market experienced a double-digit decline in 2023, with mid-single-digit declines continuing this year.
Vietnam's beer market experienced a double-digit decline in 2023, with mid-single-digit declines continuing this year.
Alexander Koch, Heineken Vietnam's Managing Director, affirmed that the Covid-19 pandemic has significantly affected the company's operations as well as its contribution to the state budget.
Heineken Vietnam Brewery recorded a profit margin of 40 per cent, much higher than Sabeco's 17.6 per cent but its market share still lagged behind its rival which is dominating the beer industry.
Heineken Vietnam has been recognized as one of the best companies to work for in Asia by the HR Asia Magazine, one of Asia’s leading publications for HR professionals.