SABECO DEDICATES MORE THAN VND 7.9 BILLION TO SUPPORT EMPLOYEES AND COMMUNITIES AFFECTED BY TYPHOON YAGI

October 10, 2024 – Saigon Beer – Alcohol – Beverage Corporation ( SABECO ) announced a total contribution of more than VND 7.9 billion to support employees, their families and people severely affected by the recent Typhoon Yagi.

In response to the damage caused by Typhoon Yagi , SABECO quickly coordinated with the Corporation’s Trade Union to call for voluntary contributions from employees across the system to support colleagues in overcoming the losses caused by the storm. The Corporation also committed to matching employee donations at a 1-1 ratio.

SABECO staff join in relief efforts after Typhoon Yagi in Lao Cai

This appeal received a very positive response from the employees and the amount of money donated by the staff was more than 1.68 billion VND and the company contributed an additional 1.68 billion VND. In addition, the SABECO Trade Union and affiliated companies also contributed 141 million VND, bringing the total amount of donations to more than 3.5 billion VND. This amount was transferred directly by the Corporation to the employees and their families so that they could quickly stabilize their lives.

Community Support Updates

Previously, SABECO also coordinated with the Ho Chi Minh Communist Youth Union (Central Youth Union), local authorities, and the company's press and business partners to implement a support program for 06 provinces including Bac Kan, Cao Bang, Lao Cai, Thai Nguyen, Tuyen Quang and Yen Bai. The total support value is up to more than 4.2 billion VND, including essential goods and food for people in flooded areas, as well as support for frontline forces participating in overcoming the consequences of the storm in each province. The program also provides support for more than 200 customers who are SABECO's business households that were severely affected by storms and floods. In addition, SABECO also donated 200 million VND to the Vietnam Fatherland Front's Emergency Relief Fund.

Representatives of SABECO and the Central Youth Union visited and gave gifts to people in flooded areas in Yen Bai.

Through all these activities, the total value of financial and material support that SABECO provided for relief activities after Typhoon Yagi reached more than 7.9 billion VND. The Company's employees also actively coordinated with partners and localities to promptly deliver support to employees, customers and people.

Sharing about the support activities after Typhoon Yagi, Mr. Lester Tan - General Director of SABECO - said: “We are deeply saddened and share the losses of people in the area affected by Typhoon Yagi. Therefore, we quickly took actions to help our colleagues as well as people in need. We hope that with these practical actions, we can join hands to support our colleagues, customers and the community to overcome the damage after the storm. This is also a move to affirm SABECO's commitment, as a leading enterprise in Vietnam, we are always committed to contributing to creating positive values ​​for SABECO, for the country and people of Vietnam.”