Regarding information on social networks that Saigon Beer Alcohol Beverage Corp (SABECO) sold its capital to China, Standing Deputy Chairman of the Provincial People's Committee Nguyen Tuan Ha asked press agencies to join hands with Saigon Beer - Central Joint Stock Company to raise their voices on this issue.

Talking about this issue, Mr. Pham Thai - Director of Dak Lak Department of Industry and Trade said that there were rumors: “Saigon beer has been sold to China; people had a headache, stomachache when drinking this kind of beer; the Dragon printed on cans is Chinese Dragon ... ”. Due to this information, a part of consumers has turned away from Saigon Beer and the consumption of Saigon beer in the province has sharply decreased. However, after working with the Central Saigon Beer Joint Stock Company, Sai Gon-DakLak Brewery and Central Highlands Saigon Beer Trading Joint Stock Company in combination with checking information on the official media, the rumors are not correct.

Sai Gon-DakLak Brewery has invested in modern production lines

When conducting a survey at Sai Gon – Dak Lak Brewery, stages beginning from input materials to finished products show that: Saigon Beer products are manufactured on modern lines, closed production process. Each stage is strictly controlled according to SABECO standards. Most officials and employees working for the brewery are local people. The production and business results of the first 9 months met and exceeded the set targets. Its profits have increased significantly. The income of workers has been maintained stably. However, the production and consumption output at the Saigon-DakLak Brewery has been significantly decreased and this led to the corresponding reduction in the state budget payment.

Bottled beer is capped and stamped in an automatic process

Mr. Huynh Van Dung, member of the Board of Directors, General Director of Saigon - Central Beer Joint Stock Company, said that SABECO has just announced that the rumor related to SABECO selling capital to China is not true. This rumor has seriously affected the company’s reputation and brand. SABECO has just announced the latest brands produced by Saigon beer. The new packaging design of Saigon beer is a Vietnamese brand with the aim of changing the brand's identity. The rumor is c ompletely inaccurate and has certain effects on business activities, production of the Brewery as well as adversely affecting the psychology of employees, Dung said.
 
Speaking at the Conference on introduction and sale of Saigon Beer products, Mr. Nguyen Tuan Ha emphasized that the incorrect information on SABECO being sold to Chinese shareholders not only seriously affects the SABECO brand but also the local budget revenue. For a long time, Sai Gon beer has still been a prestigious brand favored by a large number of local people with a market share of over 80%. After the divestment of SABECO, Saigon-DakLak Brewery has been developing well, maintaining the growth rate, ensuring benefits for the company and shareholders and contributing to local budget, creating jobs and ensuring local social security. With above benefits, he voiced his hope that local people should have accurate information on this issue. At the same time, the press and media need to enhance the propaganda, direct public opinions, prevent false rumors, avoid causing damage to businesses, affecting the investment environment and losing revenue from the provincial budget. Departments and sectors should pay attention to using products of Sai Gon - Dak Lak Brewery to contribute to the campaign "Vietnamese people to use Vietnamese goods".

Each stage of beer production is closely monitored

Reportedly, at the end of 2017, the Ministry of Industry and Trade successfully sold 53.59% stake in SABECO to Vietnam Beverage Co., Ltd., a Thai-owned indirect shareholding of 49%. This is the largest merger and acquisition deal in Vietnam that has brought the State budget of more than US $ 5 billion. After the merger, the new SABECO executive board was established with 6 members, including 3 members from Singapore and 3 members from Vietnam. For nearly 2 years since the divestment, SABECO has remained the leading position in Vietnam's beer industry and continuously achieved good business results with prestigious awards recognized by international and foreign reputable organizations.

The final products are carefully controlled before selling out the market

On the afternoon of October 2, at the Government‘s regular press conference, Ministry of Industry and Trade leaders denied this information on SABECO selling its capital to China and confirmed that all information about SABECO being sold to Chinese company is not true. The spread of false information about state-owned enterprises will affect the interests of the state. Therefore, businesses need to collect evidence and send it to the authorities to take measures as prescribed by law when having false rumors.