Vietnam Brewery Ltd hopes to invest US$ 46.3 million to increase output this year to 2.3 million hectolitres from the current 1.5 million hectolitres. Vietnam Brewery, based in Ho Chi Minh City, is a joint venture between Saigon Trading Corp. and Singapore’s Pacific Breweries. It is now Vietnam’s third-largest brewer. The company has already invested US$93 million to up its initial output from 500,000 hectolitres to 1.5 million hectolitres.

The proposal is in response to the Vietnamese Government’s policy of encouraging reinvestment. Joint ventures and 100%-foreign-owned companies are encouraged to carry out reinvestment plans, instead of repatriating local profits.

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