BANGKOK -- The Mekong Delta once sheltered Viet Cong guerrillas as they battled U.S. forces during the Vietnam War. Today the area is the country's "rice bowl," providing half of the national rice supply. It is also becoming an increasingly attractive investment destination for domestic and foreign companies.
Vietnam Dairy Products, Vietnam's largest listed company by market capitalization, is looking to grow coconuts there. At its shareholders meeting in April, Vinamilk, as the company is also known, announced it had acquired a 25% stake in Asia Coconut Processing, a maker of coconut products based in the delta province of Ben Tre.