PM asks Sabeco to keep Saigon Beer brand name after equitizationThe Prime Minister has assigned the Ministry of Industry and Trade to keep Saigon Beer brand name unchanged, said a representative of the Business Finance Department under the Ministry of Finance yesterday. PM asks Sabeco to keep Saigon Beer brand name after equitizationSaigon Beer is the brand name of Saigon Alcohol Beer and Beverages Corporation (Sabeco) whose over 53 percent stake has recently been sold to Vietnam Beverage, said belong to ThaiBev Company. At a press conference on state - owned enterprises (SOEs) equitization, divestment and restructuring in 2017, Mr. Dang Quyet Tien, head of the Business Finance Department said that in many countries, brand names were uneasy to lose. The government does not need to hold capital for keeping brand names, but the importance was that those brand names must survive, he added. Some opinions said that foreign investors might have deliberately dodged the Vietnam’s Investment Law to indirectly own over 50 percent of capital in the Sabeco auction.

Source: VietNamNet News December 26, 2017 08:48 UTC