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Sunday, February 5, 2023

Heineken to invest US$500 million in Vietnam in next 10 years

The Saigon Times

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HCMC – Heineken has invested US$1 billion in Vietnam and will continue to pour US$500 million into Vietnam in the next 10 years, said Heineken CEO Dolf van den Brink.

On December 11, Vietnamese Prime Minister Pham Minh Chinh met Brink at the company headquarters in Amsterdam, Netherlands.

Chinh spoke highly of the Heineken-SATRA cooperation in Vietnam over the past 30 years. He lauded the efforts to implement a sustainable development strategy and circular economy into the business operation.

Brink said that Vietnam was an important and one of the most developing markets in the world. After 31 years of being present in Vietnam, the company has invested US$1 billion and has always ranked among the top three businesses with a remarkable contribution to the national budget and social security.

Brink expressed hope that Vietnam will remain a country with world-recognized business standards, especially in tax policy, to lure more investors. He also suggested the consideration of excise tax calculation on non-alcoholic beers.

In response to Brink’s speech, Chinh encouraged the company to continue to use technological advances in production and promised to create a favorable business environment for the company’s expansion, with the tax policy improvement in the spirit of win-win, “harmonious benefits, shared risks” with investors.

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