Heineken cuts 2023 forecast on Vietnam slowdown
Heineken, the world's second-largest brewer by volume, on Monday cut its 2023 profit growth forecast after an economic slowdown in Vietnam depressed first-half earnings by more than expected.
Heineken, the world's second-largest brewer by volume, on Monday cut its 2023 profit growth forecast after an economic slowdown in Vietnam depressed first-half earnings by more than expected.
VCBS forecast the industry's pre-tax profit in 2023 will grow by only about 10 per cent, much lower than the rate of nearly 35 per cent last year.