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Competition bubbles as Vietnam sells state brewers

Beer drinkers in Vietnam may have a little more to celebrate as the government is putting two state-run companies on the chopping block, garnering international interest. (Photo by Hiromichi Matono)

TOKYO -- With the Vietnamese government set to sell major stakes in two state-run beer producers, Japanese and European brewers hope to jump in and capitalize on the country's growing suds market. 

Vietnam ranks 11th in the world for beer consumption, according to 2014 data compiled by leading Japanese brewer Kirin Brewery. In Asia, it is the third-largest imbiber after China and Japan, which place first and seventh, respectively, in the world.

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