Danish brewer Carlsberg AS said it entered into a joint venture with state-owned Hanoi beer &Beverage Corp. to build a brewery in southern Vietnam.
Carlsberg and Hanoi Beer & Beverage, or Habeco, will each hold 29% of the venture, and other external investors will hold the balance. Terms weren’t disclosed.
The venture, Hanoi Vung Tau Joint Stock Co., will have a brand portfolio consisting of Carlsberg brand and Habeco’s Hanoi Beer, a leading beer brand in northern Vietnam.
Beer in southern Vietnam accounts for almost 60% of Vietnamese beer consumption, and is a high-value region owing to a large premium segment.
