In mid-December, VinaCapital Vietnam Opportunity Fund (VOF) and Japanese partners Daiwa PI Partners announced that they would invest $45 million into the International Dairy JSC (IDP - Ba Vi brand). VinaCapital and Daiwa hold a 70% share of IDP and the family of Nguyen Tuan Khai and the General Director of IDP Tran Bao Minh own the remaining 30% stake.
Explaining VinaCapital’s move into the dairy market, its CEO Andy Ho said this sector has great potential for development in the future. Meanwhile, IDP is in the top 5 milk producers in Vietnam, with 2014 revenue estimated at $80 million. In the coming time, with charter capital increasing to $460 million, IDP will launch new products.
The two will also focus on developing a system for tracing product origins – from raw materials to final product — to ensure their best quality and the safety of children. This year foreign and domestic firms strongly invested in the dairy market because Vietnam is a market with a young population and large consumption power.
