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- Japan's Sojitz invests in Huong Thuy Corporation


The Tokyo based Sojitz has purchased 25 percent of the shares issued by Huong Thuy Corporation, one of th largest food wholesalers in Viet Nam.

 

The HCM City-head quartered Huong Thuy Corp.is a food wholesaler that handles international brand dairy products, beverages, confectioneries and seasonings. The company has more than 20 000 sales outlets, including Saigon Co.op, one of VietNam’s largest supermarket chains, as well as hotels, restaurants and private concern.

 

Hoang Thu Huong , president and general director of Huong Thuy Corp.,said Sojitz’ investment would help Huong Thuy strengthen its financial situation and management.

 

She added the co-operation would also help Huong Thuy to expand its distribution of Japanese goods into Viet Nam and to promote Vietnamese goods in the Japanese market.

 

“ The co-operation with Sojitz will turn Huong Thuy from a family – funded company into a powerful corporation ,”said Huong during the signing ceremony.

 

The new agreement will help turn Huong Thuy into one of the biggest importers and distributors in the country.

Ishihara Keisuke, president of Sojitz Corp.’s consumer lifestyle business division, said Nishoiwai, the first Japanese company to set up an office in Ha Noi in 1986,merged with Nichimen,creating the Sojitz Corp.in April 2004 (Vietnam News).




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.:: Other news:

 » - New Product Launching
 » - In 2007, Huong Thuy Trading Co. Ltd. will be privatized.
 » - Applying information technology in business activities.
 » - Participate in APEC 2006 exhibition intended for consumers take place in HCM City.
 » - Social and Marketing activities


 
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