Thai Beverage Public Company Limited Joins In The Race To Capture Vietnam’s Beer Market

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Thai Beverage Public Company Limited (SGX: Y92) has an ambitious target of having more than 50% of its revenue coming from outside of Thailand by the year 2020. Currently, the company generates more than 90% of its revenue within Thailand. However, now it seems that the company might be able to move closer to its target as that opportunity is opening up in Vietnam. (more…)

Vietnam. Sabeco, Habeco to list before state divestment

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Vietnam has urged its major businesses, including the two biggest beer producers Habeco and Sabeco and leading dairy firm Vinamilk, to dilute state ownership. In the private sector, VinaCapital and Shinhan BNP Paribas Asset Management have joined hands to enable Korean investors to participate in the Vietnam market. (more…)

Vietnam. Debate rages over Sabeco nepotism accusations

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The head of Central Institute for Economic Management (CIEM) Nguyen Dinh Cung has called the Ministry of Industry and Trade (MoIT) “shameless” after it claimed the promotion of former minister Vu Huy Hoang’s son had followed all procedures. (more…)

Vietnam. Sabeco to be listed on exchange

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The Saigon Beer, Alcohol and Beverage Corp (Sabeco) may get permission to be listed on the stock exchange in the near future, the Ministry of Industry and Trade (MoIT) said in a statement. (more…)

Vietnam’s largest brewer Sabeco mulls listing on southern bourse

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Vietnam’s largest brewer Saigon Beer, Alcohol and Beverage Corp (Sabeco) is contemplating a listing on the Ho Chi Minh City Stock Exchange, where the country’s largest blue chips are currently listed, the local industry ministry said, in a document. (more…)

Vietnam. Delayed state divestment, listing restrict growth of Sabeco, Habeco

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Recently uncovered bad management practices at Saigon Beer, Alcohol and Beverage JSC (Sabeco) and Hanoi Beer, Alcohol and Beverage JSC (Habeco), the two largest beer companies in Vietnam in terms of market share, show that the longer they delay becoming public companies, the more they will lag behind competitors. (more…)

Vietnam’s largest beer producer Sabeco has new CEO

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VietNamNet Bridge – The Ministry of Industry and Trade approved the appointment of Mr. Le Hong Xanh, 59, as chief executive officer (CEO) of the Saigon Beverage Corporation (Sabeco) as of August 4, replacing Mr. Vo Thanh Ha. (more…)