The Saigon Beer-Alcohol Beverage Corporation (Sabeco) early this week announced that it received an official letter from the State Securities Commission approving unrestricted foreign ownership at the largest beverage company in Vietnam.
Sabeco has been given the green light for unrestricted foreign ownership. (Source: tuoitre.vn)
Hanoi (VNS/VNA) ♔- The Saigon Beer-Alcohol Beverage Corporation (Sabeco) early this week announced that it received an official letter from the State Securities Commission approving unrestricted foreign ownership at the largest beverage company in Vietnam.
Accordingly, the foreign ownership cap of 49 percent at Sabeco would be removed and the maximum rate of foreign ownership would be 100 percent, the company said. Sabeco’s board of directors approved unrestricted foreign ownership on October 30 after removing business lines which required foreign ownership caps. The Ministry of Industry and Trade currently holds a stake of 36 percent at Sabeco and Vietnam Beverage - a legal entity established by Thai Bev in Vietnam to avoid the cap of 49 percent for foreign investors – holds a controlling stake of 53.59 percent after a 5 billion USD acquisition deal at the end of 2017. Vietnam Beverage’s acquisition of more than 343.6 million shares of Sabeco was the largest deal in Southeast Asia over the past three years. Other stakeholders own 10.41 percent of the company. Vietnam Beverage has charter capital of 682 billion VND (29.7 million USD). Foreign ownership at Sabeco might not increase to 100 percent immediately, since the Ministry of Industry and Trade has not revealed any plans to sell its remaining stake. However, the unrestricted foreign ownership could help ThaiBev become a direct stakeholder at Sabeco. In the first nine months of this year, Sabeco reported revenue of 25.5 trillion VND, a rise of 7.8 percent over the same period last year, while pre-tax profit dropped by more than six per cent to 3.3 trillion VND. The company targets to earn pre-tax profit of around 4 trillion VND for the full year, 19 percent lower than last year. Sabeco holds a market share of 42 percent in Vietnam, making it the largest beverage company in the country. Shares of Sabeco were traded at 245,500 VND each on December 5, a significant drop from 320,000 VND each that Vietnam Beverage paid to acquire its stake in the company. In July 2016, the Vietnam Dairy Products Joint Stock Company (Vinamilk) was given a nod to remove the cap for foreign ownership.-VNS/VNA
Many State-owned enterprises (SOEs) are finding it difficult to seek strategic investors following equitisation and have decided to retain the shares or sell them to the public.
Foreign investors cannot take their eyes off the Vietnamese real estate market, one of the most dynamic emerging markets globally, according to an article by regional managing director, Southeast Asia, CBRE Vikram Kohli on www.bussinesstimes.com.sg.
A governmental decree drafted by the transport ministry to simplify business conditions for potential investors in the aviation sector has been sent to Prime Minister Nguyen Xuan Phuc for approval.
The State Securities Commission has approved Vinaconex’s request to lock its ceiling foreign ownership ratio at zero percent, saying the move complies with regulations.
The State Capital Investment Corporation (SCIC) on November 22 sold its complete ownership in the Vietnam Construction and Import-Export JSC (Vinaconex) for 7.36 trillion VND (327.4 million USD).
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Sabeco has been given the green light for unrestricted foreign ownership. (Source: tuoitre.vn)
