Under development project, the Sai Gon – Quy Nhon Beer Joint Stock Company (SQB) have conducted the project to increase the production capacity of 20 million litres of beer per year since March, 2007. The VND50 billion-project will be operated in September, 2007. Photo Cat Hung

* Positive move after being equitized

The Sai Gon-Quy Nhon Beer Co., Ltd was equitized to SQB in March, 2007, and in the first half of 2007, SQB produced 9.97 million litres of beer, a year-on-year surge of 23%. After one year of producing new Sai Gon beer (red brand), the quality and quantity of the red Sai Gon beer have been improved continuously. According to the evaluation of Sai Gon Beer Corp. (SABECO), the red Sai Gon beer is ranked second out of all types of SABECO’s beer.

SQB has recently cooperated with Chuong Duong company to produce soft drinks. Thanks to the cooperation, SQB can take full advantage of equipments and Chuong Duong company can also cut down transport expenditures. The soft drinks are produced with the capacity of 100,000 litres monthly, meeting the consumers’ demand in summer holiday.

After being equitized, there has no change in the organization and personnel of SQB. Employees have their own responsibilities and can put forward initiatives; therefore, the business becomes more effective. “There are 150 employees in the SQB with the monthly average income of VND3.5 million each. In 2007 SQB propose to produce 21 million litres of beer with the profit of VND15 billion, “ said the director of SQB, Nguyen Ngoc Triem.

* New projects will be operated

To protect the environment, SQB has built a VND 9 billion-sewage works with the capacity of 1,200 meter per day. SQB has currently proposed to increase the capacity of 50 million litres of beer per year with the total investment capital of VND 20 billion in the third quarter of 2008 after the plan of increasing the capacity of 20 million litres of Sai Gon beer will have been operated.

On the basis of promoting the effectiveness of all projects, SQB is proposed to develop with interdisciplinary fields, including real estate, securities, and mineral exploring and processing..

• Written by Cat Hung
• Translated by Hong Quang