Vietnam green-lights Anheuser-Busch InBev-SAB Beer merger

Anheuser-Busch InBev and SAB Beer announced their merger in Viet Nam on January 12 following the approval of the Ministry of Industry and Trade.

Anheuser-Busch InBev and SAB Beer announced their merger in Viet Nam on January 12 following the approval of the Ministry of Industry and Trade.

In 2016 the two breweries had made what was described in the media as the deal of the century, with the merged entity, Anheuser-Busch InBev, becoming the largest beer producer in the world and owner of eight of the 10 top global beer brands.

All SAB employees will become Anheuser-Busch InBev Vietnam employees with their labour contracts intact, the companies said.

SAB’s brewery in VSIP Binh Duong will produce Budweiser and Beck's while Anheuser-Busch InBev’s My Phuoc Brewery will continue to brew Hoegaarden beer and some others to export to Japan and Southeast Asia.

AB InBev believes this merger in Viet Nam would enable it to increase capacity, simplify resources in the supply chain, logistics and most importantly, market expansion. — VNS

Consumer finance companies remain attractive acquisition targets

Consumer finance companies remain attractive acquisition targets

Vietnam currently has 16 finance companies, including six fully foreign owned ones.  

VN beer industry: market slowly recovers

VN beer industry: market slowly recovers

Domestic beer consumption in the second half of the year is expected to improve over the first six months, while next year the beer industry can...

 
 
 

Other News

.
Foreign-invested capital on the rise
Foreign-invested capital on the rise
BUSINESSicon  24/02/2021 

A series of large-scale foreign-invested projects worth hundreds of millions of US dollars are flocking to Vietnam, promising a bright outlook in attracting this type of capital inflow this year.

Apple’s contract manufacturer is recruiting over 1,000 employees in Vietnam
Apple’s contract manufacturer is recruiting over 1,000 employees in Vietnam
BUSINESSicon  24/02/2021 

Taiwan’s Hon Hai Technology Group (Foxconn), which is Apple’s major contract manufacturer, is recruiting 1,000 electronic assembly workers for its plants in the northern Vietnamese provinces of Bac Giang and Bac Ninh.

Tax deadline should be delayed for businesses, said MoF
Tax deadline should be delayed for businesses, said MoF
BUSINESSicon  24/02/2021 

Businesses may have several additional months before they have to pay income tax and land use fees, said a proposal by the Ministry of Finance (MoF) to the Government.

Auto manufacturers launch new models, warm up market amid Covid-19
Auto manufacturers launch new models, warm up market amid Covid-19
BUSINESSicon  24/02/2021 

Automobile manufacturers are implementing their plans to introduce new models with the hope of boosting sales, despite Covid-19.

Credendo: Vietnam continues successful economic story beyond a contained pandemic
Credendo: Vietnam continues successful economic story beyond a contained pandemic
VIETNAM & WORLDicon  24/02/2021 

Credendo Group’s offices in Germany and Austria have published a study to evaluate the level of risk in Vietnam. 

One more industrial park approved in Bac Ninh province
One more industrial park approved in Bac Ninh province
BUSINESSicon  23/02/2021 

Prime Minister Nguyen Xuan Phuc has decided to give in-principle approval to a project to build infrastructure of Yen Phong II-A Industrial Park (IP) in the northern province of Bac Ninh.

Innovation promoted for national development
Innovation promoted for national development
BUSINESSicon  23/02/2021 

Deputy Minister of Planning and Investment Tran Duy Dong speaks about plans to support innovation in Vietnam.

Japanese journal: Vietnam to represent bright spot in global economy in 2021
Japanese journal: Vietnam to represent bright spot in global economy in 2021
VIETNAM & WORLDicon  23/02/2021 

Many forecasts have outlined the nation’s economic growth in the year ahead, with a reputable UK bank forecasting that the Vietnamese economy is likely to reach a growth rate of 7.8%, while ADB has predicted it will reach a figure of 6.3%.

Vietnam set for hospitality recovery in 2021: Savills
Vietnam set for hospitality recovery in 2021: Savills
BUSINESSicon  22/02/2021 

January started on a positive note, with city hotels seeing increased MICE and event bookings, while in some resorts corporate bookings started to return, according to Savills Vietnam.

Vietnam improves ranking on global B2C e-commerce index 2020
Vietnam improves ranking on global B2C e-commerce index 2020
BUSINESSicon  22/02/2021 

The B2C E-commerce Index 2020 of Vietnam has climbed one rank over the last year, remaining among the top 10 developing and transition economies in the region.

How grocery stores can keep their edge over retail chains
How grocery stores can keep their edge over retail chains
BUSINESSicon  23/02/2021 

Despite being on the same street as three convenience stores, the grocery store owned by Nguyen Ngoc Dung on Yen The Street in HCM City’s Tan Binh District is always crowded, especially during peak hours.

Vietnam inflation predicted to rise to 3.5% in 2021
Vietnam inflation predicted to rise to 3.5% in 2021
BUSINESSicon  24/02/2021 

Vietnam’s economy with high level of openness could be susceptible to rising inflation as a result of growing global commodity prices.

Supporting industry makes effort to gain autonomy
Supporting industry makes effort to gain autonomy
BUSINESSicon  22/02/2021 

The supporting industry has a significant meaning to economic restructuring towards industrialization and modernization. 

Market remains bullish but investors should be cautious, experts warn
Market remains bullish but investors should be cautious, experts warn
BUSINESSicon  22/02/2021 

Vietnam’s stock market recorded a weekly gain despite a decline of the market benchmark in the last session. 

VIETNAM BUSINESS NEWS FEB. 24
VIETNAM BUSINESS NEWS FEB. 24
BUSINESSicon  24/02/2021 

Hi-tech agriculture proves effective in Dong Nai

Vietnam’s stock market witnesses historic year
Vietnam’s stock market witnesses historic year
BUSINESSicon  22/02/2021 

A stock market is one of the “thermometers” of a country’s economy, and last year Vietnam’s market saw many ups and downs but still made historic breakthroughs, creating a solid foundation for 2021.

Five key trends in the Vietnam property market 2021
Five key trends in the Vietnam property market 2021
BUSINESSicon  22/02/2021 

Surges in online orders among other essentials have pushed businesses to look for more storage space with close proximity to their customers.

VIETNAM BUSINESS NEWS FEB. 23
VIETNAM BUSINESS NEWS FEB. 23
BUSINESSicon  23/02/2021 

Industrial zones in Haiphong to attract $5 billion in FDI in 2021

VIETNAM BUSINESS NEWS FEB. 22
VIETNAM BUSINESS NEWS FEB. 22
BUSINESSicon  22/02/2021 

Over 14,000 tonnes of dragon fruit exported to China via Lao Cai border gates

Domestic property market sees recovery: ministry
Domestic property market sees recovery: ministry
BUSINESSicon  23/02/2021 

The Ministry of Construction (MoC) believes the domestic real estate market has overcome the most difficult period due to positive developments in the market as well as the whole economy in the fourth quarter of 2020.

 
 
 
Leave your comment on an article

OR QUICK LOGIN