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Saigon Beer follows Vinamilk in appointing outside director

Vietnam SOEs slowly adapt to 2014 corporations law change

Sabeco's Saigon beers are displayed for sale in a market in Hanoi.   © Reuters

HO CHI MINH CITY -- Saigon Beer Alcohol Beverage Corp., or Sabeco, has seated independent members on its board of directors and set up an audit committee, becoming Vietnam's second listed state-owned enterprise to do so since the current corporations law came into effect in 2014.

It follows Vietnam Dairy Products, or Vinamilk, which added independent directors and replaced its board of supervisors with an audit committee in 2017.

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