Vietnam Government to have $7 billion by selling 12 big SOEs

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Two of the 12 state-owned enterprises (SOEs) to be sold by 2017, as instructed by Prime Minister Nguyen Xuan Phuc, are Sabeco and Habeco, the two largest breweries in Vietnam. The state holds a 89.59 percent and 81.79 percent stake, respectively. (more…)

ThaiBev reorganised to realise Vision 2020

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According to the company’s internal announcement on Wednesday, its board of directors has approved a new organizational structure, effective October 1, 2016, to pursue Vision 2020 aspirations in becoming a stable and sustainable ASEAN leader in beverage industry. (more…)

Vietnam. Saigon Beer Can Quench Asahi’s Thirst

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Who’s in pole position to buy a stake in Vietnam’s biggest brewer?

AB InBev and SABMiller, Heineken, Asahi, Kirin, ThaiBev and Singha Asia have all registered to bid for stakes in state-owned Sabeco, maker of Saigon Beer and 333. With a price tag of at least $1.8 billion and a government facing a ballooning budget deficit, interested parties don’t need to beat down the door. (more…)

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…)

The move to Shanghai is bearing fruit

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Only six weeks to go before CHINA BREW CHINA BEVERAGE (CBB) opens its doors for the first time in Shanghai: from October 11 to 14, 2016. CBB is continuing to grow, showing clearly that the move to Shanghai was the right step. (more…)