Inbev plans to build a factory in Vietnam

Anheuser-Busch InBev the largest beer producer in the world plans to join his rivals and settle in Vietnam at the end of next year building a large factory to supply the Asian market.

Vietnam with 90 million people, is considered one of the most attractive markets in the region.

Beer sales are expected to grow about 10% on average between 2010 to 2020.

“We believe our global brands have wide appeal, especially Budweiser … We think it is a natural place to expand given our position in China,” said Carlos Brito, CEO Inveb Ab.

Carlsberg, Heineken and SABMiller already have all operations in Vietnam either directly or through Joint Ventures.

Source: Reuters