Vietnam: Vietnam Brewery Limited has no plans to change its joint venture or sell Laru beer to China

Vietnam Brewery Limited (VBL) would neither change its joint venture member, nor sell Laru beer brand to China, VBL managing director Leo Evers was quoted as saying by SGGP on February 16.

Reporting to Secretary of the Da Nang City Party Committee Nguyen Xuan Anh, Leo Evers affirmed that the group was working to expand Laru market share.

He has rejected recent rumors of the deal, adding that it had greatly affected VBL's production and trading.

VBL Da Nang is a member of VBL Vietnam which is a joint venture between Singaporean Asia Pacific Breweries Ltd (APB) and Vietnamese Saigon Trading Group (Satra).

Last year the company contributed nearly VND1.7 trillion (US$76 million) to the city's budget, said Mr. Xuan Anh.

17 February, 2016