Food & Beverage

Vietnam's top beer maker Sabeco loses its fizz

Earnings take hit from pandemic and crackdown on drunken driving

20201001N Vietnam beer

Men drink beer on the street in Hanoi. The maximum fine for drunk driving on motorcycles has doubled to $340. © Reuters

TOMOYA ONISHI and MARIMI KISHIMOTO, Nikkei staff writers
October 2, 2020 04:28 JST

BANGKOK/HANOI -- 2020 has not been good to Saigon Beer Alcohol Beverage.

Also known as Sabeco, Vietnam's top beer producer has suffered a major blow to earnings this year from a combination of tougher drunken-driving penalties and the coronavirus pandemic. Now, with the government weighing a sale of its remaining stake in the company, its outlook is murkier than ever.

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