November 23, 2023 | 13:30 GMT+7

Japan’s Sojitz Group acquires Vietnam’s largest food distributor

Giang Hoang -

New Viet Dairy has transferred all shares to the global conglomerate.

New Viet Dairy, a leading importer and distributor of milk ingredients and products for the food industry and services in Vietnam and listed among the Top 100 largest private enterprises nationwide, has recently completed the transfer of all its shares to a global trading conglomerate, the Sojitz Group, and its affiliated unit, as part of a strategy to strengthen its leading position in the dynamic Vietnamese market.

Sojitz evaluates New Viet Dairy as one of the largest processors of beef, cheese, and other food products in the country. Increasing demand is driven by the diversification of culinary cultures that are currently evolving. According to a Sojitz representative, with the rising middle-class consumer segment, the Vietnamese dairy product market is expected to increase to approximately $8.4 billion, with an average annual growth rate exceeding 8 per cent.

Through this merger, the Sojitz Group continues to diversify its investment portfolio in Vietnam by integrating the expertise of New Viet Dairy into its comprehensive operations in the distribution of milk ingredients and dairy products for the food industry and services.

Sojitz will also leverage the sales network of New Viet Dairy to promote the sale of seafood from MF Vietnam Company Limited, a subsidiary of Sojitz, which is The Marine Foods Corporation.

Mr. Eguchi Shinya, the new CEO of New Viet Dairy, acknowledged and expressed gratitude to the founders for their entrepreneurial vision and the journey of developing New Viet Dairy into a top company in the import and distribution of milk ingredients and dairy products in Vietnam. He highly appreciates the valuable contributions of Ms. Le Thi Van Lachize and Mr. Didier Lachize.

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