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Business

Deal to put Japan's Alsok in top tier of Vietnam's security sector

Security personnel in training at Alsok's Thai unit

TOKYO -- Alsok is set to become a top-tier player in Vietnam's security industry in September, when it is to acquire a stake in the country's No. 4 player, company sources said.

The Japanese security provider, whose official name is Sohgo Security Services, has decided to buy 49% -- the upper limit of foreign ownership in Vietnam -- of Royal Haiphong Security Service.

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