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Vietnam: PM is ready to dialogue, remove difficulties for investors

The Hanoitimes – Prime Minister Nguyen Xuan Phuc is ready to dialogue, remove difficulties for investors in the production process, business. The PM hosts receptions for domestic and foreign businessmen and investors attending a forum on developing international markets for vegetables and fruits, logistics system for agricultural and rural areas and investment promotion meeting Dong Thap […]

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Vietnam Beverage successfully bought 53.59% shares of Sabeco

The Hanoitimes – After completing transaction, Vietnam Beverage will become the largest stakeholder holding 53.59% Sabeco shares. Thai Beverage Plc on December 18 took a majority stake in Saigon Beer Alcohol Beverage Corp (Sabeco) valued at nearly 4.8 billion USD, after an auction for Vietnam’s larger brewer attracted no other major bidders. Vietnam Beverage, ThaiBev’s domestic […]

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ThaiBev poised for B156bn stake in Vietnam’s Sabeco

Thai Beverage Pcl is poised to take a majority stake in Saigon Beer Alcohol Beverage Corp valued at 156 billion baht, after an auction for Vietnam’s larger brewer attracted no other major bidders. Vietnam Beverage, ThaiBev’s domestic unit, registered to bid for 343.662 million or a 53.59% stake in Sabeco, as Vietnam’s largest brewer is […]

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Amazon plans to enter Vietnam market following Alibaba’s footsteps

The Hanoitimes – Vietnam’s e-commerce market is heating up as e-commerce giant Amazon has shown interest in the market following Alibaba’s footsteps. According to Nguyen Thanh Hung, chairman of the Vietnam E-commerce Association (VECOM), during a meeting between VECOM and representatives of the Amazon Group held recently, the firm’s spokesperson revealed that they had set their […]

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ThaiBev unit registers to bid for Sabeco; to price offer initially estimated at US$4.8b

THAI Beverage Public Co’s (ThaiBev) Vietnamese drinks unit has registered to bid for a 53.59 per cent stake in Saigon Beer-Alcohol-Beverage Joint Stock Corp (Sabeco), and will price its bid by 3pm on Monday, Singapore time, the food and drink group announced before today’s market opening. ThaiBev’s associated company, Vietnam Beverage, had earlier indicated its […]

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Vietnam’s economic outlook improved in medium term

The Hanoitimes – Aided by favorable external and domestic conditions, GDP growth is projected to accelerate to 6.7 percent in 2017 (compared to 6.3 percent forecast in July). Over the medium term, growth is projected to stabilize around 6.5 percent, as the impact of the current cyclical uptick dissipates. On the production side, growth is expected […]

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