Deputy Prime Minister Vuong Dinh Hue (R) receives Keisuke Nishimura, Executive Vice President and Senior Executive Officer of Kirin Holdings Co. Ltd (Photo: VNA)


Hanoi (VNA) – Deputy Prime Minister
Vuong Dinh Hue has hailed the Kirin Holdings Co. Ltd’s investment expansion in
Vietnam as a right decision since the country’s beer and beverage market boasts
huge potential.

 

He made the remarks at a
reception for Keisuke Nishimura, Executive Vice President and Senior Executive
Officer of the group, in Hanoi on August 17.


The Vietnamese Government is
sparing no effort to improve business environment and increase competitiveness
as well as create the most favourable conditions for both domestic and foreign
enterprises, he said.

 


It is also stepping up the
equitisation and divestment of State-owned enterprises, he said, adding that
such major brands as Habeco, Sabeco and Vinamilk are under the equitisation
plan from now to 2020.

 


He hoped Kirin will expand
investment in the field of beverages, especially those made from Vietnamese
fresh fruits. The Vietnamese Government encourages non-alcoholic and
non-carbonated drinks.

 


Keisuke described Vietnam is a
large-scale market with strong development. As
the Vietnamese Government is equitising State-run businesses, Kirin wants to
make long-term strategic investment in Sabeco – Vietnam’s leading beer
producer, he said.


He also hoped to cooperate
with Sabeco in studying the development of fresh fruit juice in the future.

 


Established in 1907, Kirin has
become a global group with 188 subsidiary companies and around 40,000 employees.
Specialising in the fields of food, beverages, pharmaceuticals and
bio-chemicals, the group posted a revenue of 18.7 billion USD in 2016.-VNA