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Vietnam moves ever close to a majority sale in brewer Sabeco

Vietnam’s prime minister has approved a plan to sell a majority stake in brewer Sabeco, which would move the state-controlled brewer one step closer to a long-awaited sale to private ownership.

Vietnam has one of the world’s most attractive and lucrative beer markets and also the largest in Southeast Asia. Primarily fueled by a young population that last year consumed almost 4 billion liters of the beverage.

Source: Reuters, September 2017