SUBSCRIBERS
Hanoi hopes to raise billions by selling stakes in brewers
Published Sun, Oct 23, 2016 · 09:50 PM
Hanoi
SLOSHED back at rowdy open-air bia hoi day and night, beer is Vietnam's tipple of choice and now its cash-strapped government is drawing on the nation's penchant for lager to raise billions of dollars by selling stakes in state-owned brewers.
The unprecedented divestments in two state crown jewels, the makers of the much-glugged Saigon and Hanoi beers, are expected to net as much as US$2.2 billion.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
IndoAgri appoints former EDB chairman Philip Yeo as chairman and lead independent director
GSK profit drops 23% in Q1 on higher costs
Starbucks points to weaker consumer as profit falls
Restaurant Brands tops estimates as Burger King overhaul pays off
Walmart to shut all health centers in US over lack of profitability
Coca-Cola raises annual sales forecast on global demand, higher prices