VIETNAM: Sabeco opens new US$21m brewery - report
The Vietnamese company has long been seen as a target for global brewers
Saigon Beer Alcohol Beverage Corporation (Sabeco) has unveiled a new US$21m brewery in Vietnam's Ninh Thuan region, its 22nd plant in the country, according to local reports.
The state-owned company has launched the new 10-hectare site in the Thanh Hai Industrial Zone in Phan Rang - Thap Cham city, the Vietnam News Brief Service reported earlier today (22 October). The facility, which will brew the brands 333 and Saigon Lager brands, is expected to have an annual production output of around 50m litres.
Sabeco, which accounts for around 45% of Vietnam's beer market, is planning to double the capacity of the new brewery further down the line, it was reported.
Speculation around a global brewer taking a stake in Sabeco has been rife in recent years. Last November, Heineken, SABMiller and Asahi were reportedly showing an interest in the group. Anheuser-Busch InBev has also been linked to the company in deal rumours in the past.
According to latest figures, Vietnam is the world's 12th biggest beer market by volume.
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