VinaCapital invests in local beverage maker
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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.
