A production line of Sabeco (Photo: zing.vn)

Hanoi (VNA) – The Saigon Beer, Alcohol and Beverage Corporation (Sabeco) produced a total of 1.72 billion litres of beer in 2017 and saw a 11 percent revenue growth year-on-year, said the corporation.

Sabeco continues to take the lead in the Vietnamese beverage market with a 40 percent share, amid increasing pressure from domestic and foreign competitors.

The Ministry of Industry and Trade (MoIT) in December 2017 sold all of its 343.6 million shares or a 53.6 percent stake of Sabeco, for an estimated 110 trillion VND (4.89 billion USD).

An individual investor purchased 20,000 Sabeco shares for 320,500 VND per share while Vietnam Beverage Co Ltd scooped up the remainder for 320,000 VND per share.

Sabeco currently owns 26 manufacturing plants, 10 trading subsidiaries and 37 branches nationwide.-VNA