VN Government to sell remaining stake in SabecoHead of the Ministry of Finance's Corporate Finance Department Dang Quyet Tien has announced that the government will sell the remaining 36% stake in Sabeco. "The money collected after divestment will not be used to repay debts," he said. In order to buy more than 50% stake at Sabeco, Thai Beverage had to do business via a local company, Vietnam Beverage. The Ministry of Justice, Ministry of Public Security and especially the Ministry of Planning and Investment confirmed that the investor had obeyed the laws. Tien suggested revising the law to make it easier for firms to do business in similar cases.

Source: VietNamNet News December 26, 2017 05:15 UTC