Vietnamplus

As the Government is focusing on accelerating the privatisation and divestment of State-owned enterprises (SOEs), attracting foreign investment is important to the success of the progress, according to the Committee for Management of State Capital at Enterprises (CMSC).

With a scale of nearly 180 billion USD and an annual two-digit growth rate, the Vietnamese consumer retail market is being squeezed by foreign investors.

Several issues of public concern were mentioned during a press conference following the monthly Government meeting in Hanoi on June 2.

Thailand’s Thai Beverage Public Co Ltd has denied it is seeking potential investors to buy its business in Vietnam.

As many as 90 outstanding workers from the Central Highlands province of Dak Lak will receive free transport to return home for the upcoming 2020 Lunar New Year (Tet) holidays.

Alcohol and beer consumption is booming, and local beverage producers are cashing in.

The Saigon Beer-Alcohol-Beverage Corporation (Sabeco) will pay every shareholder 1,500 VND (0.06 USD) per share, or a 15 percent cash dividend rate, to complete its 2018 dividend plan.

Capital divestment from State-owned enterprises (SOEs) had slowed and was still facing difficulties, said Dang Quyet Tien, Director of the Corporate Finance Department under the Ministry of Finance.

Shareholders in Saigon Beer-Alcohol-Beverage Corporation (Sabeco) have approved a plan to raise its dividend payment for 2018 from 35 to 50 percent.

The Saigon Beer-Alcohol Beverage Corporation (Sabeco) early this week announced that it received an official letter from the State Securities Commission approving unrestricted foreign ownership at the largest beverage company in Vietnam.

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 Saigon Beer Alcohol Beverage Corporation (Sabeco) appointed a new management board at an extraordinary shareholders’ meeting on April 23, following Thai Beverage Public (ThaiBev)’s acquisition of a 53.59 percent stake in the State brewer last year.

The Ministry of Industry and Trade (MoIT) has requested the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) to hold an extraordinary shareholders’ meeting to review personnel matters.

The State Audit of Vietnam has requested the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) pay to the State budget nearly 2.5 trillion VND (110.9 million USD) worth of dividends, taken from the brewer’s undistributed profit for the period prior to 2016.

Shares declined on the HCM Stock Exchange (HOSE) on January 29, dragged down by blue chips despite rising demand on the southern bourse.

The Ministry of Industry and Trade (MoIT) will submit its plan to offload part of the State’s capital in the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) to Deputy Prime Minister Vuong Dinh Hue by October 20.

Saigon Beer Alcohol Beverage Corp. (Sabeco) hit the daily limit rise of 20 percent on its first trading day on the main bourse in HCM City on December 6 but this was not enough to lift the market.

Shares of many big enterprises have become hot commodities in recent days on the over-the-counter (OTC) market.

Hanoi Beer Alcohol and Beverage Joint Stock Corporation (Habeco) will start its first trading day on the Unlisted Public Company Market (UPCoM) on October 28.

State-owned enterprises (SOEs) which record prolonged losses and lose equity capital may be put up for sale or declared bankruptcy according to law.