Thai groups have invested in many business fields in Vietnam, from goods production to retail.
The takeover of Sabeco, the brewer, and Binh Minh Plastics are two of the recent biggest deals made by Thai investors.
Sabeco brings big money to Thai billionaire
|A report released on September 30 showed that Thaibev is holding 53.58 percent of Sabeco’s shares. Sabeco became the major driving force for Thaibev’s growth in the fiscal year commencing in October 2018 and ending in September 2019.|
The Thai group reported sharp growth rates in revenue (16 percent) and profit (33 percent).
Sabeco’s sales increased by 44 percent, making an important contribution to Thaibev’s business performance. If not counting Sabeco’s achievements, the international beer sales will decrease compared with the same period last year because of weakening activities in ASEAN.
Binh Minh Plastics prospers
Heineken is no longer Sabeco’s (code: SAB) large shareholder as it has just sold 5.2 million SAB stocks worth VND1.219 trillion ($53 million).
Heineken was a direct competitor of Thaibev for the acquisition of Sabeco in late 2017. However, Thaibev won the race by spending US$4.89 billion for a nearly 54% stake of Sabeco.
- Japanese firms explore investment climate in Ha Nam province
- U.S. CEOs who win trade barriers for their firms see big compensation boost: study
- Blackstone CEO sees US pvt tech co bubble
- Translation, UnitedMasters Combine for New Brand-Marketing Initiatives Under Ex-Nielsen Exec Damian Garbaccio
- Asian stocks' valuations hit 20-month high in October - Refinitiv data
- Sports Direct rescues Jack Wills and adds it to its high-street empire
- Open Platforms Fuel Startup Ecosystems
- Houlihan Lokey buys Spain's Fidentiis in European expansion
- Ranbaxy's ex-promoters Malvinder Singh, Shivinder Singh arrested in fraud case
- UK pub giant Greene King snapped up by Hong Kong’s richest family for £4.6billion