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Food & Beverage

Vinamilk group branches out to beef with Japan's Sojitz

Vietnam's dairy king seeks to diversify into growing domestic market

Beef initially will be imported from Japan for distribution to supermarkets and restaurants in Vietnam.   © Reuters

HANOI -- Vilico, a group company of top Vietnamese dairy producer Vinamilk, will form a joint venture next month with Japanese trading house Sojitz to process and sell beef products.

The Hanoi-based venture initially will import beef from Japan and distribute the meat to large supermarket and restaurant chains in Vietnam. Vinamilk brings its sales channels and nationally recognized brand to the table, while Sojitz provides the know-how in selling livestock products.

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