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ThaiBev has denied reports by some news outlets that it is planning to sell Saigon Beer producer Sabeco.
Brewer Habeco reported a loss of VND96 billion ($4.1 million) in the first quarter, hit by the stringent new drunk driving laws and Covid-19.
The government plans to sell its 36 percent stake in the country’s largest brewer, Sabeco, this year.
With stringent drunk-driving regulations and the coronavirus impacting beer sales, Sabeco has lowered its revenue target for this year to VND23.8 trillion ($1 billion).
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