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Vietnam govt aims to complete Sabeco stake sale in Dec

Published Wed, Nov 15, 2017 · 09:50 PM

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Hanoi

THE Vietnamese government aims to complete a stake sale of the country's biggest brewer Sabeco in December, the trade ministry said, in the clearest signal yet that the long-awaited state divestment might happen this year after repeated delays.

The government, which owns 89 per cent in Sabeco, formally known as Saigon Beer Alcohol Beverage Corp, approved a divestment plan on Nov 9, the trade ministry said in a statement on Wednesday.

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