HO CHI MINH CITY -- Vietnam Dairy Products, or Vinamilk, announced late last week that it has acquired the other 49% of its Cambodian joint venture, Angkor Dairy Products, for $10 million from BPC Trading, its local partner.
The move is part of an ambitious foreign expansion program with Vinamilk chasing annual revenue of $3 billion in 2017 from $2 billion last year. The company told the Nikkei Asian Review that it is on track and market conditions are favorable.
