Mitsubishi taps Vietnam market with $1.8 mln investment in food importer Homefarm

Mitsubishi taps Vietnam market with $1.8 mln investment in food importer Homefarm

Mitsubishi Shokunin, the food arm of Japanese keiretsu Mitsubishi, has invested VND45 billion ($1.8 million) in Homefarm, a Vietnamese food import start-up, the firm said.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japan's Sojitz wholly acquires Vietnam's food wholesaler New Viet Dairy

Japan's Sojitz wholly acquires Vietnam's food wholesaler New Viet Dairy

Japan’s multi-sector business Sojitz Corporation and its subsidiaries Sojitz Asia Pte. Ltd. and Sojitz Vietnam Company Ltd. have acquired the full ownership at Dai Tan Viet JSC (New Viet Dairy), a major food wholesaler in Vietnam.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japan’s Sojitz, Vinamilk builds $500 mln breeding, beef processing complex

Japan’s Sojitz, Vinamilk builds $500 mln breeding, beef processing complex

Japanese company Sojitz and Vietnam’s largest dairy manufacturer Vinamilk on Wednesday broke ground on their $500-million complex for raising cows and supplying beef located in northern Vietnam, a project expected to advance Vietnam’s livestock industry.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Major meat producer Vissan's 2022 profit drops 8% to $6 mln

Major meat producer Vissan's 2022 profit drops 8% to $6 mln

Vissan JSC, a leading meat producer in Vietnam, gained a post-tax profit of VND137.55 billion ($5.87 million) in 2022, down 7.7% year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

$80 mln beef project to break ground in northern Vietnam next year

$80 mln beef project to break ground in northern Vietnam next year

A VND2,000 billion ($80.4 million) complex to raise cows and process beef will break ground in March 2023 in the northern province of Vinh Phuc.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam willing to import more F&B products from Eurasia: minister

Vietnam willing to import more F&B products from Eurasia: minister

Vietnam is willing to import more food and fertilizer products from Eurasia, Minister of Industry and Trade Nguyen Hong Dien said in Moscow Thursday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Sojitz-backed joint venture to challenge Australian, US beef imports

Sojitz-backed joint venture to challenge Australian, US beef imports

A major partnership between Japan’s trading giant Sojitz and Vietnam’s largest dairy company Vinamilk has started commercializing beef supplies in Vietnam, where American and Australian beef imports are already popular.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7