With Sabeco, Habeco, Carlsberg Vietnam and Heineken Vietnam holding 90% of Vietnam’s alcohol beverage market, negative business results from these firms could lead to a setback of the overall industry in the coming time.

The appetite for mergers and acquisitions (M&A) activities in Vietnam has not been dampened by the Covid-19 pandemic.

False and groundless rumor could have severe impacts on enterprises’ credibility and Vietnam’s business environment, said Vice Minister of Industry and Trade Do Thang Hai.

ThaiBev affirms that Vietnam “continues to be one of ThaiBev’s core markets."

Not only M&A is an effective investment channel, foreign investors’ decision to shift from new investment to M&A shows the development of the domestic economy, said an expert.

Nine out of the ten largest cap companies continued to lead the classification compared to 2018, but their rankings are now changed.

In the first 11 months of 2019, rural areas achieved a 9.3% value growth, while urban areas grew by 6.1% over the same period last year, mainly driven by the increase in sales volume.

Vietnam continues to be one of Thaibev’s core markets and is an integral part to its goal of becoming a stable and sustainable leader in Southeast Asia’s beverage industry, stressed Thaibev.

Heineken was a direct competitor of Thaibev for the acquisition of Sabeco in late 2017. However, Thaibev won the race by spending US$4.89 billion for a nearly 54% stake of Sabeco.