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Business

Asahi, Kirin may fight over Vietnam brewer Sabeco

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Saigon Beer Alcohol Beverage, or Sabeco, enjoys commanding market share in the growing Vietnamese beer market.   © Reuters

TOKYO -- Japan's Asahi Group Holdings and Kirin Holdings are considering bidding for shares of Vietnamese state-owned brewer Saigon Beer Alcohol Beverage, in an auction that could come as soon as next month.

The Vietnamese government holds an 89.6% interest in Sabeco, as well as 82% of Hanoi Beer Alcohol Beverage, or Habeco. Together, the two breweries control roughly 60% of the country's beer market. 

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