With Thousands of Billions in Cash, Vietnam’s Largest Beer Company Is About to Distribute Huge Dividends, Thai Billionaire Takes Home 2.1 Trillion

On July 1, Sabeco will finalize the list of shareholders receiving a 30% dividend for 2024, totaling about 3.9 trillion VND for nearly 1.3 billion shares. Its parent company, Vietnam Beverage, owned by Thai billionaire Charoen Sirivadhanabhakdi, will earn about 2.1 trillion VND in dividends due to a 53.59% stake. Sabeco distributed an interim dividend of 20% in January 2025, bringing the total dividend for 2024 to 50%. For 2025, Sabeco plans to maintain a 50% dividend ratio with a revenue target of 44,819.1 billion VND (up 9%) and a net profit of 4,835 billion VND (up 8%). However, the revenue fell 19% year-on-year in Q1 2025, totaling 5,811 billion VND, while profit before tax decreased by 22% to 1,022 billion VND due to increased competition and regulatory impacts. By March 31, 2025, Sabeco’s total assets slightly decreased to 31,619 billion VND, with nearly 20,300 billion VND in cash.