Compare Listings

AB Inbev merges with Vietnam’s SAB beer: state media

AB Inbev merges with Vietnam’s SAB beer: state media

AB Inbev merges with Vietnam's SAB beer: state media
The logo of Anheuser-Busch InBev is pictured inside the brewer’s headquarters in Leuven, Belgium February 28, 2019. Photo: Reuters

HANOI — Anheuser-Busch InBev, the world’s largest beer maker, has merged with Vietnam’s SAB Beer after having received the approval from the Ministry of Industry and Trade, state media reported.

Vietnam, with a population of nearly 98 million, is seen as one of the most attractive markets in the region for brewers, with beer sales seen growing by about 10% per year on average for 2010-2020.

Following the trade ministry’s approval, the merger took into effect from Jan. 2021 and SAB beer Vietnam would no longer exist, Vietnam News Agency (VNA) reported.

“The merged company will have the capacity and resources to operate with higher productivity and improve both competitiveness and quality in the Vietnamese market,” VNA reported, citing Truong Van Toan, AB Inbev Legal and Corporate Affairs Director in Southeast Asia.

SAB’s brewery will produce Budweiser and Beck’s while Busch InBev factory in southern province of Binh Duong will continue to produce Hoegaarden beer and some products for Japanese and Southeast Asian markets, the report added.

tuoitrenews.vn
img

admin

Related posts

Stock exchange considers halt to cancelation, modification of orders

The HCM Stock Exchange is considering taking away the option of canceling and modifying orders as it seeks to ease the overload on its outdated system. - VnExpress International

Continue reading
by admin

Eximbank targets 60 pct profit growth

Lender Eximbank targets more than a 60 percent growth in pre-tax profits to VND2.15 trillion ($93.47 million) this year. - VnExpress International

Continue reading
by admin

Clarity crucial on investment sources for airport upgrades: experts

Experts are concerned about clarity on funding sources and costs for the VND365.1 trillion ($15.7 billion) that Vietnam needs to build and upgrade airports by 2030. - VnExpress International

Continue reading
by admin

Join The Discussion