In the presence of the Vietnamese Prime Minister Nguyen Tan Dung, at Carlsberg’s headquarters in Copenhagen, Carlsberg and Habeco on September 17 signed a Memorandum of Understanding that is planned to increase Carlsberg’s ownership in Habeco from 16.07% up to 30%.

The agreement was signed by General Director Nguyen Van Viet, Habeco, and President & CEO Jørgen Buhl Rasmussen, Carlsberg.

Carlsberg and Vietnamese brewery Habeco plan to increase their successful partnership in the fast growing and prosperous Vietnamese beer market.

The two sides also agreed on accelerating the strategic cooperation plan on key business areas.

Habeco is market leader in the northern Vietnam where Carlsberg is present through its brewery joint ventures in Hanoi and Ha Long. The increased partnership will provide opportunities for both Habeco and Carlsberg to further jointly strengthen their market positions in northern Vietnam but also in central Vietnam where Carlsberg is market leader through its brewery joint venture in Hue. The two sides are already partners in southern Vietnam where a new brewery is being constructed.

"Habeco’s choice of Carlsberg as strategic partner and the plan to increase the partnership is a major step forward for our businesses in Vietnam, and it creates a solid foundation for a continuation of the positive cooperation between Habeco and Carlsberg," said Mr Jørgen Buhl Rasmussen.

Source: CPV