VBL Vietnam not to sell Laru beer brand to China

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Vietnam Brewery Limited (VBL) would neither change its join venture member nor sell Laru beer brand to China, said VBL managing director Leo Evers yesterday.

Reporting to Secretary of the Da Nang City Party Committee Nguyen Xuan Anh, Leo Evers affirmed that the group was working to expand Laru market share.

He has rejected recent rumors of the deal, adding that it had greatly affected VBL’s production and trading.

VBL Da Nang is a member of VBL Vietnam which is a joint venture between Singaporean Asia Pacific Breweries Ltd (APB) and Vietnamese Saigon Trading Group (Satra).

Last year the company contributed nearly VND1.7 trillion (US$76 million) to the city’s budget, said Mr. Xuan Anh.

Secretary Nguyen Xuan Anh yesterday visited and launched New Year production and construction at some locations in the central city of Da Nang including Children Cultural House, Cat Tien Sa Seaport and VBL Da Nang.