Danish brewer Carlsberg A/S has formed a joint venture with state-owned Hanoi Beer & Beverage Corp. to build a brewery in southern Vietnam. As announced on September 19, 2007 The name of the joint venture will be Hanoi Vung Tau Joint Stock Co.
Carlsberg and the Vietnamese brewer known as Habeco will each hold 29 percent of the venture and other investors will hold the rest, Carlsberg said Tuesday in a statement.
Earlier this year, the Vietnamese Ministry of Industry approved Habeco’s choice of Carlsberg as a strategic foreign investor with the upcoming privatization of Habeco.
The joint venture will have brands including Carlsberg and Habeco’s Hanoi Beer, a leading beer brand in northern Vietnam.
