The State-owned Sai Gon Beverage Company (SABECO) plans to issue 20% of the company's value in the first phase to become a joint stock firm.
The sale, to strategic partners, employees and the public as well, is scheduled in June. It is in the process to select a consultant for its corporate evaluation.
Last year, SABECO sold 534 million litres of beer, its major product, in Viet Nam and overseas markets including China, Japan, the US and Canada with the export value worth 10 million USD. This year the figures are expected to rise 18% and 147% respectively.
Source: VNA
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