Vinacapital invests in local beverage maker

Vietnam Opportunity Fund managed by VinaCapital Thursday cut a deal to pay US$7.5 million for a 20 percent stake of Ninh Thuan Province’s bird’s nest beverage maker Yen Viet Joint Stock Company.

Yen Viet will spend $7 million to upgrade its factory and the remaining amount to develop its brand.

For its part, VinaCapital will help the company restructure production, improve distribution and expand operation.

Yen Viet will also consider launching a restaurant chain serving fast food made from bird’s nest.

Last year, Yen Viet’s revenue was VND270 billion. Its factory in Phan Rang City produces seven million bottles of bird’s nest beverage per year and is planned to reach a capacity of 28 million bottles per year by 2015.

The total market for bird’s nest production in Vietnam is about VND1 trillion a year. – Tuoitre

Tags: , ,

Posted by VBN on May 28 2011. Filed under Food & Beverage, Stock. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

You must be logged in to post a comment Login

Stay informed everyday

Subscribe to free RSS and email updates from Vietnam Business News

Subscribe via Email Subscribe in a Reader Follow us on Twitter Connect on Facebook

RSS China Business News

  • Gold Ends Higher, Dips On Bernanke Speech
  • Gold up after Bernanke’s dim view
  • Gold gained for the first time in three days after U.S. jobless claims unexpectedly rise
  • Stocks close down from opening highs
  • Investors cautious over economic data
  • Accord to lift gas supply sealed
  • CNPC To Sell Bonds
  • Pang Da’s Shares Tumble On Saab’s Bankruptcy Move

Sponsored

Looking for an overseas forex broker?