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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.

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