Prime Minister Nguyen Xuan Phuc (R) and Sabeco Chairman Charoen Sirivadhanabhakdi (Source: VNA)
 
Bangkok (VNA) – Prime Minister Nguyen Xuan Phuc lauded Thai Beverage Public Company Limited (ThaiBev) for doing business in Vietnam over the past years during a reception for its Chairman Charoen Sirivadhanabhakdi on June 16 in Bangkok, Thailand.

The reception took place on the occasion of the Vietnamese PM’s trip to Thailand to attend the 8th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy Summit (ACMECS 8) and the 9th Cambodia-Laos-Myanmar-Vietnam Summit (CLMV 9).

The PM spoke highly of ThaiBev’s purchase of 53.59 percent of stakes in Saigon Beer Alcohol Beverage Corporation (Sabeco) with a value of nearly 5 billion USD in the largest deal in Asia in late 2017, which was conducted in an open and transparent manner on the bourse. The event affirmed the Vietnamese government’s stance on fighting corruption and negative phenomena in the equitisation of State-owned enterprises.

As it is a high-value deal, the Vietnamese government supports ThaiBev’s early joining in Sabeco executive board in line with Vietnam’s law, he said, expressing his belief that under the direction of ThaiBev, Sabeco will pay higher taxes to the State, abide by corporate operation regulations in accordance with Vietnamese law while upholding the value of Sabeco brand for the benefit of investors and Vietnamese brand.

The Vietnamese government consistently follows the principles of equality, openness and protects legitimate interests of investors, including ThaiBev and Sabeco.

Sirivadhanabhakdi, for his part, thanked the Vietnamese government for supporting ThaiBev in doing business in Vietnam and successfully purchasing Sabeco stakes in a transparent and open manner.

He said ThaiBev wants to soon run Sabeco and has already prepared high-level personnel and devised a business plan to promote Sabeco’s growth.

ThaiBev expects to build Sabeco into the leading beer brand in Vietnam with better quality and various designs, towards bringing more Sabeco products to the world market.

Speaking highly of the Vietnamese government’s management and policy enforcement, Sirivadhanabhakdi said Vietnam holds the potential of posting strongest growth in Southeast Asia.

He wished that the government and agencies concerned would clear obstacles regarding taxation and finance for Sabeco.

The corporate leader unveiled that ThaiBev will continue investing in other fields in Vietnam such as retail, consumer goods to contribute to economic development in the country.-VNA