Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc asked Danish beer maker Carlsberg to expand its investment in Vietnam during a reception in Hanoi on September 12 for Carlsberg CEO Cees‘t Hart.

The PM suggested Carlsberg increase production to the full designed capacity at its plant in Phu Bai, in the central province of Thua Thien-Hue.

He said Vietnam is accelerating the signing of the European Union-Vietnam Free Trade Agreement (UVFTA), which will open up favourable conditions for enterprises of both sides, including those from Denmark.

The government leader added that Vietnam is stepping up the equitisation and divestment in State-owned enterprises in line with the principles of the market economy, transparency, and openness, which he said, will offer opportunities to foreign investors, including Carlsberg.

With the beer-maker’s interest in state capital divestment at Hanoi Beer Alcohol and Beverage JSC (Habeco), the PM proposed that both sides soon discuss and deal with existing problems to accelerate the share purchase and strategic cooperation contract.

PM Phuc welcomed Hart’s attendance at the World Economic Forum on ASEAN 2018 and stressed that Vietnam is promoting cooperation with Denmark in various spheres, especially economy and businesses like Carlsberg play an important role in economic cooperation between the two countries.

Hart said Carlsberg has been present in Vietnam since 2007 and has already invested in several beer brands in the country.

He said Carlsberg is keen on expanding operations in Vietnam and wants to invest more in Habeco after becoming its strategic investor since 2008.

Carlsberg has worked with the Ministry of Industry and Trade and relevant agencies of Vietnam to speed up the process, he said, hoping that its business operations in Vietnam will become more and more effective.–VNA