A 26-million USD Budweiser beer plant operated by Anheuser-Busch Inbev Vietnam Brewery Co., Ltd (AB Inbev) commenced its operations in the Vietnam Singapore Industrial Park II in the southern province of Binh Duong on May 21.

The factory, which can produce 100 million litres of beer per year, aims to meet domestic consumption demand as well as exports to Southeast Asian market.

Ricardo Vasques, General Director of AB Inbev Vietnam, said the new brewery represents the company’s commitment to creating a strong presence in Vietnam.

Meanwhile, Tran Thanh Liem, Vice Chairman of the provincial People’s Committee said that the brewery will contribute greatly to the local industrial structure and help develop the provincial economy.

The 139 year-old Budweiser beer is one of the world’s top five consumer products and is the leading beer brand in the US. It generates a yearly revenue of over 47 billion USD.-VNA