The Government will sell its 36% stake, equivalent to 230.8 million shares worth some VND37.6 trillion (US$1.6 billion), in the Saigon Beer-Alcohol-Beverage Corporation (Sabeco), the country’s biggest brewery, this year.

Covid-19 cannot deter Thai investors from implementing their plans to acquire Vietnam’s businesses.

The Ministry of Industry and Trade on June 3 refuted a rumor stating that it would buy back 53% of Saigon Beer, Alcohol and Beverage Corporation's (Sabeco) shares from Thaibev.

ThaiBev affirms that Vietnam “continues to be one of ThaiBev’s core markets."

Having spent nearly $5 billion to acquire 53 percent of shares of Sabeco, the largest brewer in Vietnam, Thaibev has seen its investment value fall by half.

Budweiser APAC has eyes on Sabeco, while ThaiBev intends to quit one of the biggest beer markets of the region.

Heineken was a direct competitor of Thaibev for the acquisition of Sabeco in late 2017. However, Thaibev won the race by spending US$4.89 billion for a nearly 54% stake of Sabeco.

Saigon Beer-Alcohol-Beverage Corporation (Sabeco) has no plan to sell shares to Chinese firms, Sabeco general director Neo Gim Siong Bennett said at the firm’s annual shareholder meeting on April 12.

The State is considering selling 53 percent of its stake in Sabeco, the largest domestic brewery in Vietnam. ThaiBev owned by Thai billionaire Charoen Sirivadhanabhakdi may not stay out of this lucrative business. 

VietNamNet Bridge - The big brands in the beverage industry of Vietnam are becoming an investment target for foreign investors.