Sabeco produces 1.72 billion litres of beer in 2017
The Saigon Beer, Alcohol and Beverage Corporation (Sabeco) produced a total of 1.72 billion litres of beer in 2017 and saw a 11 percent revenue growth year-on-year, said the corporation.
Hanoi (VNA) –ꦿ The Saigon Beer, Alcohol and Beverage Corporation (Sabeco)produced a total of 1.72 billion litres of beer in 2017 and saw a 11 percentrevenue growth year-on-year, said the corporation.
Sabecocontinues to take the lead in the Vietnamese beverage market with a 40 percent share,amid increasing pressure from domestic and foreign competitors. TheMinistry of Industry and Trade (MoIT) in December 2017 sold all of its 343.6million shares or a 53.6 percent stake of Sabeco, for an estimated 110 trillionVND (4.89 billion USD). Anindividual investor purchased 20,000 Sabeco shares for 320,500 VND per sharewhile Vietnam Beverage Co Ltd scooped up the remainder for 320,000 VND pershare. Sabecocurrently owns 26 manufacturing plants, 10 trading subsidiaries and 37 branchesnationwide.-VNA
The Ministry of Industry and Trade on December 11 announced that an investor has registered to hold at least 25 percent of the Saigon Beer, Alcohol and Beverage Corporation (Sabeco), of which the Government is going to sell stake equal to nearly 5 billion USD.
Vietnamese shares are expected to move marginally in the last two trading weeks of 2017 as investors take a rest, however the selling of brewer Sabeco shares should give a short boost to the market.
The Ministry of Industry and Trade (MoIT) on December 18 sold all of its 343.6 million shares or a 53.6 percent stake of the Saigon Beer, Alcohol and Beverage Corporation (Sabeco), receiving an estimated 110 trillion VND (4.89 billion USD).
Shares declined on the two national stock exchanges on December 19, dragged by the slump of brewer Sabeco, but cash flow remained strong which opened an opportunity for a recovery in the next session.
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A production line of Sabeco (Photo: zing.vn) 
