Japan based beer maker, Sapporo Holdings Ltd., has announced it will invest in Vietnam with the purchase of Kronenbourg Vietnam Ltd. according to Dow Jones.
The Vietnam investment is valued at over $25 million and gives Sapporo a majority stake in the Carlsberg owned brewery also known as Vinataba or the Vietnam National Tobacco Corp.
Beer demand in the Vietnam economy is estimated to be growing at more than 10% annually.
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