Vietnam’s young beer-drinking culture beckons foreign brands
Deals for Sabeco and Habeco could be worth $2.2 billion
"All domestic and foreign investors, regardless of their economic structure or sector, can join the bidding," official said
Sabeco controls 40 percent share of a market, followed by Habeco with 20-percent share.
Beer is now subject to a luxury tax rate of 55 percent
Its revenue grew 10 percent to $1.2 billion in 2015
Output increased by 5.8 percent
The state-controlled company plans to sell a 40-60 percent stake
Heritage Beverage has imported and distributed the increasingly popular beer since 1994
It has won over a group of customers and formed a community with people passionate about the art of brewing and...
A pregnant woman was shot dead in the middle of her birthday celebration
The suspect shot a man over a previous run-in and a pregnant guest who unfortunately happened to be in...
Beer, tobacco and real estate companies were major contributors
Growth is slowing down as more foreign brewers and imports come in to the country
The deal fell through after years of negotiation, local media reported