Vietnam hopes to mop up $5b from majority stake sale in brewer Sabeco

Vietnam hopes to mop up $5b from majority stake sale in brewer Sabeco

Men drink Sabeco's Saigon beer on a roadside restaurant in Hanoi, Vietnam November 29, 217. REUTERS/Kham

Vietnam will kick off next month the sale of a majority stake in the Sabeco, the country’s biggest brewer and the maker of Bia Saigon and 333 beers, in an ambitious deal the government hopes will rake in at least $5 billion.

The country’s biggest-ever and long-delayed state sale has already attracted interest from brewers seeking access to what is one of the world’s most attractive beer markets and the largest in Southeast Asia.

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