- CEO
- Neo Hock Tai Schubert
- Full Time Employees
- 187
- Sector
- Consumer non-durables
- Industry
- Beverages: non-alcoholic
- Address
- Ho Chi Minh City Vietnam
- IPO Date
- May 15, 2024
- Business
- Chuong Duong Beverages Joint Stock Company manufactures, bottles, and distributes non-alcoholic beverages in Vietnam. The company operates through two primary business segments: Beverages and Industrial Gas and Packaging. Its core product and service portfolio comprises carbonated soft drinks, including sarsaparilla-flavored soft drinks marketed under the flagship Sa Xi Chuong Duong brand, orange soda, lemon soda, strawberry soda, cream soda, and peppermint soda; non-carbonated and functional ready-to-drink beverages, including winter melon tea, herbal tea infusions, and bird's nest drinks; packaged drinking water and purified bottled water under the Chuong Duong brand; and beverage-grade liquid carbon dioxide alongside dry ice supplied for commercial refrigeration and industrial processing. The company also provides contract packaging, bottling, and original equipment manufacturing (OEM) services for domestic and international beverage brands.
The company serves retail consumers, commercial food service operators, and industrial clients throughout Vietnam, distributing products via traditional retail distribution channels, modern trade networks such as hypermarkets and convenience store chains, and e-commerce platforms. Originally established in 1952 as Usine Belgique and equitized in 2004, Chuong Duong Beverages Joint Stock Company is headquartered in Ho Chi Minh City, Vietnam, and operates as a subsidiary of Saigon Beer-Alcohol-Beverage Corporation (SABECO), part of the Thai Beverage (ThaiBev) group.
In recent developments, the company transitioned its equity listing to the UPCoM exchange following a delisting from the Ho Chi Minh Stock Exchange (HOSE) amid structural business reorganization. To improve operating efficiency and scalability, the company finalized the operational transition of its primary manufacturing operations to a modernized production facility located at My Phuoc 3 Industrial Park in Binh Duong Province, expanding automated canning and bottling line capacities. In coordination with its parent company SABECO, Chuong Duong Beverages has undertaken comprehensive turnaround initiatives, integrating its logistics and sales channels into SABECO's nationwide distribution network, modernizing brand identity and packaging for its legacy Sa Xi Chuong Duong line, and introducing health-conscious beverage extensions including reduced-sugar and zero-calorie variants.