Anheuser-Busch InBev merges with Vietnam’s SAB beer

Photo: Reuters

Anheuser-Busch InBev, the world’s largest beer maker, has merged Vietnam’s SAB Beer after having received the approval from the Ministry of Industry and Trade, state media reported.

Vietnam, with a population of nearly 98 million, is seen as one of the most attractive markets in the region for brewers, with beer sales seen growing by about 10% per year on average for 2010-2020.

Following the trade ministry’s approval, the merger took into effect from Jan. 2021 and SAB beer Vietnam would no longer exist, Vietnam News Agency (VNA) reported.

“The merged company will have the capacity and resources to operate with higher productivity and improve both competitiveness and quality in the Vietnamese market,” VNA reported, citing Truong Van Toan, AB Inbev Legal and Corporate Affairs Director in Southeast Asia.

SAB‘s brewery will produce Budweiser and Beck’s while Busch InBev factory in southern province of Binh Duong will continue to produce Hoegaarden beer and some products for Japanese and Southeast Asian markets, the report added.

Reuters

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.