Vietnam is one of the largest beer consumption market in Asia. (Photo: VNA)

Binh Duong (VNA) – Brewer Anheuser-Busch InBev (AB InBev) is considering a 7 million USD investment in expanding production in its two factories in Vietnam, the firm’s Vice President for Asia Pacific South Ken Hitchcock said in a meeting with leader of southern Binh Duong province on October 3.

AB InBev plans to reduce water consumption and increase use of green energy, as part of its goal to protect environment towards sustainable development, Hitchcock told Chairman of the provincial People’s Committee Tran Thanh Liem at the meeting.

The Belgian company sets to have all of its brewers worldwide use clean energy by 2025, and to this end, it will equip the two breweries in Vietnam with new power facilities, he added.

Welcoming AB InBev’s plan, Chairman Liem said its move fits the province’s development targets and investment policies that facilitate projects in hi-tech, environmentally-friendly and value-added industries and services.

He later updated his guest on the province’s economic development, saying Binh Duong remains on the top of Vietnam’s attractive investment destinations with 2 billion USD worth of foreign direct investment poured into the province this year.

He hoped that the firm would expand production and introduce foreign investors to do business in the province.-VNA