ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Thai Beverage mulls bids for Vietnamese SOEs Vinamilk, Sabeco

Thai Beverage CEO Thapana Sirivadhanabhakdi is mulling a bid for two Vietnames state-owned enterprises to increase its overseas presence.

BANGKOK -- Thai Beverage chief executive Thapana Sirivadhanabhakdi said on Tuesday that the conglomerate is considering bidding for two Vietnamese state-owned enterprises, Saigon Beer Alcohol Beverage Corp. (Sabeco) and Vietnam Daily Products, known as Vinamilk.

Sabeco is Vietnam's largest brewer with a market share of 40% and Vinamilk is the biggest dairy products maker controlling 40% of the dairy market. The Vietnamese government has announced that it would completely divest its holdings in 12 companies, including these two.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more