14 July, 2017

Vietnam: State to divest capital in Sabeco and Habeco through open tenders

The State will divest its capital in the Saigon Beer, Alcohol and Beverage Corporation (Sabeco) and the Hanoi Beer Alcohol and Beverage Joint Stock Corporation (Habeco) through open tenders, Vietnam Plus reported on July 14.

The information was released at the Ministry of Industry and Trade’s press conference on July 14.

Deputy head of the ministry’s Light Industry Department Bui Truong Thang said that Habeco will submit its State capital divestment plan to the ministry next week, while Sabeco will table it before July 31.

At present, the State is holding 89.59 percent and 82 percent of capital of Sabeco and Habeco, respectively.

Together the two beer producers account for about 60 percent of the domestic market share, with Sabeco making up 40 percent of the market share.

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