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| Name | Symbol | Market | Type |
|---|---|---|---|
| Anheuser Busch Inbev SA NV | NYSE:BUD | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.18 | -0.30% | 59.71 | 60.24 | 59.53 | 59.97 | 1,251,655 | 00:02:15 |
From May 2019 to May 2024
By Vu Trong Khanh
HANOI--Belgium-based brewer Anheuser-Busch InBev (BUD) Thursday opened its first brewery in Vietnam, the Ministry of Industry and Trade said in a statement.
The plant, covering 100,000 square meters in the southern province of Binh Duong, will produce 50 million liters of beer a year, the ministry said. It said the capacity will be doubled in the future.
The plant will initially produce the company's global brands, including Budweiser and Beck's, the ministry said.
"The decision to build a brewery in Vietnam underscores AB InBev's belief in the long-term growth potential of the Vietnamese market," said spokeswoman Karen Couck in 2013, when the company obtained an investment license from the Vietnamese government.
Vietnam is among the top beer consuming countries in Southeast Asia and is attractive to foreign investors because of growth prospects in its beer market. Beer volumes in Vietnam rose 8% last year to 3.2 billion liters, according to data from the Ministry of Industry and Trade.
Write to Vu Trong Khanh at trong-khanh.vu@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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