Heineken N.V. on Wednesday reported a 1.4% rise in revenue for the 2016 financial year (Jan – Dec) to €20.8bn ($21.94bn) compared to €20.5bn in 2015. The company said its revenue was bolstered by strong sales in Vietnam and Mexico. It noted that it sold 3% more beer in 2016 with the biggest increase coming from Asia.

The Dutch brewer said that sales also rose in Europe, especially in France, Italy, Poland, Spain and Mexico, which offset declines in Nigeria, the Democratic Republic of Congo (DRC) and Russia, where it has been battling macroeconomic headwinds.