Vietnam Brewery Ltd (VBL) has invested around EUR31m (US$39m) in a modernisation programme, according to local reports.

VBL, a venture between Sai Gon Trading Corporation and Singapore's Asia Pacific Breweries, started the extension project in 2004 as a move to boost capacity by around a third, said reports in Vietnam today (19 June).

The brewer, based in the city of Ho Chi Minh, produces a stable of brands including Tiger and Heineken. APB set up the brewery in 1991 to become its first majority-owned brewery in Vietnam.