As many stocks have plunged below their real value, foreign funds are combing Vietnamese shares, raising fears that Vietnamese companies will be acquired by 'shark' investors.
Thailand’s Thai Beverage Public Co Ltd has denied it is seeking potential investors to buy its business in Vietnam.
Alcohol and beer consumption is booming, and local beverage producers are cashing in.
VOV.VN - Deputy Prime Minister and Foreign Minister Pham Binh Minh hosted a reception for Thai Ambassador to Vietnam Tanee Sangrat in Hanoi on June 24, during which, the former praised the strong development of the bilateral relations across multiple fields.
After a US$4.78 million debt restructuring, Vietnam's largest brewer Sabeco is now owned by a Thai company.
Prime Minister Nguyen Xuan Phuc has asked the Tax Department of Ho Chi Minh City to hold back on enforcing a tax decision on collecting VND3.14 trillion (some US$136.1 million) from Sai Gon Beer-Alcohol-Beverage Corporation (Sabeco) for violations on special sales tax.
More than 4,350 merge and acquisition (M&A) deals totaling US$48.8 billion have been executed in Vietnam during the past decade (2009-2018).
Sabeco, the biggest Vietnamese brewer, has fallen into Thai hands, while Carlsberg is stepping up the process to become a controlling stakeholder in Habeco.
Beer maker Sabeco has reported after tax profits of US$149 million in Jan-Sept 2018, down 6% year-on-year.
After Saigon Alcohol, Beer and Beverage Corporation (Sabeco) announced paying dividend, its share valuation saw an increase by approximately VND7,000 per share to VND220,000 ($9.7).
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.
Vietnam remains one of the few beer markets in the world which is still maintaining high growth. However, not all breweries have succeeded in the market.
The Saigon Beer Alcohol Beverage Corporation (Sabeco) appointed a new management board at an extraordinary shareholders’ meeting on April 23, following Thai Beverage Public (ThaiBev)’s acquisition of a 53.59% stake in the State brewer last year.
The Ministry of Industry and Trade (MoIT) has requested the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) to hold an extraordinary shareholders’ meeting to review personnel matters.
The Ministry of Industry and Trade said that the April 23 annual general meeting (AGM) will have the final say on who can manage Sabeco, in response to ThaiBev’s earlier complaint about not having any control at Vietnam's top brewery.
Saigon Beer, Alcohol and Beverage Corporation (Sabeco) reported a net revenue of VND10.4 trillion ($442.1 million) and after-tax profit of VND1.37 trillion ($60.3 million) in the fourth quarter of 2017, signifying increases of 17 and 29 per cent, respectively, according to statistics published by Sabeco.
After acquiring 53.56% stake in Saigon Beer, Alcohol and Beverage Corporation (Sabeco), ThaiBev announced plans to sell between 1.85 and 2 billion litres of beer and increase Sabeco’s market share to 50% this year.
Foreign investors have shown their intention to buy a stake in Habeco and Sabeco, but Vietnamese experts say that local buyers should protect the two brands.
Prime Minister Nguyen Xuan Phuc has instructed state management agencies to protect strong national brands, including Habeco, Sabeco and Vinamilk, after the state sells its stakes in the enterprises.
Vietnam’s Prime Minister Nguyen Xuan Phuc has ordered the sale of state holdings in a dozen big-shot companies, a plan that experts estimate could boost government coffers by more than US$7 billion.