Deputy Prime Minister Le Minh Khai has signed a decision to deepen the restructuring of state-owned enterprises (SOEs) in 2021-25.

The High-Level People’s Court in Hanoi on January 21 reopened an appeal trial for the case that occurred at the Ministry of Industry and Trade (MoIT), Saigon Beer - Alcohol - Beverage JSC (Sabeco) and HCM City despite the absence of defendant ex-Minister of MoIT Vu Huy Hoang.

The outbreak of COVID-19 in many localities has delayed the equitisation of State-owned enterprises (SOEs), according to Dang Quyet Tien, director of the Corporate Finance Department.

The COVID-19 outbreak during the second quarter has hit some beer producers, especially large ones in the market.

VOV.VN - The Saigon Alcohol Beer and Beverage Joint Stock Corporation (Sabeco) has become an official sponsor for Vietnamese national football teams at various age groups following the company signing a co-operation agreement on June 18 in Hanoi with the Vietnam Football Federation (VFF).

The Hanoi People’s Court will reopen a trial for ex-minister of industry and trade Vu Huy Hoang and nine accomplices on April 22 for violations at the ministry and in Ho Chi Minh City that caused losses of over VND2.7 trillion (US$112.5 million).

The first-instance trial for ex-Minister of Industry and Trade Vu Huy Hoang and nine accomplices, slated for January 18, was postponed again due to the absence of many people with related interests and obligations.

A former deputy minister and 18 others have been summoned for their alleged connection with the State property misuse and mismanagement case of ex-Minister of Industry and Trade Vu Huy Hoang at the Saigon Beer - Alcohol - Beverage JSC (Sabeco).

Ex-Minister of Industry and Trade Vu Huy Hoang and nine accomplices were brought to trial on January 7 for violations at the ministry and in Ho Chi Minh City that caused losses of some US$118 million.

Better second quarter figures could indicate that the most challenging period for beer makers this year could have ended, a report says.