VN government may withdraw all capital from Sabeco, HabecoVietNamNet Bridge – Officials of the Ministry of Industry and Trade (MOIT) have said that the State will either own less than 50% of charter capital or withdraw all capital from two giant beverage corporations Sabeco and Habeco. At the 2016 shareholders’ meeting of Sabeco, held on May 27, Sabeco Chairman Vu Thanh Ha said Sabeco leaders were well aware that the sale of state stakes at Sabeco would help the corporation have capital and improve its operational efficiency. Sabeco is holding 100 percent of charter capital in three member businesses and long-term investments in 19 associated companies. "The divestment will be carried out on the principle that the state holds less than 50% of charter capital or no capital at all,"Minister Tuan Anh said. Sabeco is the biggest Vietnamese beer maker, with a 46 percent market share, equivalent to 1.3 billion litres.

Source: VietNamNet News July 14, 2016 08:15 UTC