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UPDATE 1-AB InBev completes Vietnam merger after government approval - state media Reuters 1/13/2021
HANOI, Jan 13 (Reuters) - Anheuser-Busch InBev, the world s largest beer maker, has completed its merger in Vietnam with SAB Beer after securing approval from the country s trade ministry, state media reported.
Vietnam, with a population of nearly 98 million, is one of the most attractive markets in Asia for brewers, with beer sales seen growing by about 10% per year on average over the decade 2010-2020. It is one of Asia s biggest beer consumers by volume.
The merged company would have the capacity and resources to operate with higher productivity, to be more competitive and offer better quality to the Vietnamese market, VNA said, citing Truong Van Toan, AB InBev Legal and Corporate Affairs Director for Southeast Asia.
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Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi
13 Jan 2021 / 22:07 H.
(Recasts, adds background)
HANOI, Jan 13 (Reuters) - Anheuser-Busch InBev, the world s largest beer maker, has completed its merger in Vietnam with SAB Beer after securing approval from the country s trade ministry, state media reported.
Vietnam, with a population of nearly 98 million, is one of the most attractive markets in Asia for brewers, with beer sales seen growing by about 10% per year on average over the decade 2010-2020. It is one of Asia s biggest beer consumers by volume.
The merged company would have the capacity and resources to operate with higher productivity, to be more competitive and offer better quality to the Vietnamese market, VNA said, citing Truong Van Toan, AB InBev Legal and Corporate Affairs Director for Southeast Asia.
Christmas waste you can and cannot recycle from cards and wrapping paper to broken fairy lights
Biffa wants to make understanding recycling as easy as possible for everyone this Christmas.
Christmas crackers can only be recycled if they are made from simple card (Image: Biffa)
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