ThaiBev bets big on Vietnam with $4.8b Sabeco stake

Sabeco
FILE PHOTO: Sabeco's Saigon beers are display for sale in a market in Hanoi, Vietnam April 17, 2017. REUTERS/Kham/File Photo

Thai Beverage Pcl is doubling down on Vietnam after it partnered with a local company to buy a $4.8 billion stake in the country’s largest brewer, a key step for the company controlled by billionaire Charoen Sirivadhanabhakdi as it seeks to dominate Southeast Asia’s beverage market.

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