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Business deals

ThaiBev ready to reform Saigon Beer

Thai company wants half of its business to come from overseas by 2020

Sampling Saigon beer at a restaurant in Hanoi. Thai Beverage has confirmed that it now controls Sabeco's management board.    © Reuters

BANGKOK -- Thai Beverage, known for its ubiquitous Chang beer, confirmed on Oct. 3 that it has gained control of the management board of Vietnam's Saigon Beer-Alcohol-Beverage Corp. (Sabeco).

ThaiBev will now have a freer hand in expanding its business overseas and it will also now be able to reform Sabeco, brewer of Saigon beer, to make it a more efficient company.

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