Vietnam’s beer market is forecast to see big opportunities this year, as the country has always been held great potential for domestic and foreign beer enterprises. Fierce competition is incoming, as more foreign brands are looking to tap the market.
Prime Minister Nguyen Xuan Phuc hosted a dialogue on September 12 with about 20 leaders of multinational corporations who are in Vietnam to attend the 2018 World Economic Forum on ASEAN (WEF ASEAN).
When foreign investors partner up with Vietnamese companies, post-merger integration becomes a complex task, focused on cross-cultural understanding and the setting of mutual goods.
Three foreigners, all of whom were allegedly nominated by Thai Beverage, will join the Sabeco management board at the coming meeting.
Every evening, large groups of workers and friends gather for lager and snacks at a beer garden along Quang Trung Street in Hanoi.
Thai tycoons have been seeking business opportunities in Vietnam's beverage, retail and construction materials markets over the past five years in a bid to take advantage of the country's 95 million population and expanding middle class, according to experts.
The Ministry of Industry and Trade (MoIT) on December 18 sold all of its 343.6 million shares or a 53.6% stake of the Saigon Beer, Alcohol and Beverage Corporation (Sabeco), receiving an estimated VND110 trillion (US$4.89 billion).
Thai Beverage has emerged as the only investor that intends to buy more than 25 per cent of Vietnam’s leading brewery Saigon Beer.
The Ministry of Industry and Trade (MoIT) will submit its plan to offload part of the State’s capital in the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) to Deputy Prime Minister Vuong Dinh Hue by October 20.
VOV.VN - A recently released study by the Vietnam Industry Research and Consultant (VIRAC) shows that beer production and consumption in Vietnam for 2014 reached an all-time record high of 3.1 billion litres with revenue of US$4.56 billion.