Heineken was a direct competitor of Thaibev for the acquisition of Sabeco in late 2017. However, Thaibev won the race by spending US$4.89 billion for a nearly 54% stake of Sabeco.

Vietnam continues to be one of Thaibev’s core markets and is an integral part to its goal of becoming a stable and sustainable leader in Southeast Asia’s beverage industry, stressed Thaibev.

In the first 11 months of 2019, rural areas achieved a 9.3% value growth, while urban areas grew by 6.1% over the same period last year, mainly driven by the increase in sales volume.

Nine out of the ten largest cap companies continued to lead the classification compared to 2018, but their rankings are now changed.

Not only M&A is an effective investment channel, foreign investors’ decision to shift from new investment to M&A shows the development of the domestic economy, said an expert.