Green’s Dictionary of Slang

Victory Beer n.

(Aus.) Victoria Bitter brand beer.

Beer and Beeches 18 Aug. 🌐 [E]veryone sat around listening to jazz by a live group, drinking beer and watching the sun going down - most strange - had a Victory Beer - then walked back to Hotel Darwin and had 2 schooners of Victory Beer (VB), to KFC for tea and back to room for an early night.
Chicago Land Fishing 24 Oct. (2012) 🌐 Now its time for a VB (victory beer).
Trip Advisor: Singapore 25 June 🌐 Great place for drinks, if you like victory beer of course.
Food52 7 Jan. 🌐 Also in keeping with the Australian penchant for assigning everything a fun nickname (see also: Oz), Victoria Bitter goes by VB, Vic Bitter, Vitamin B, and Victory Beer.