VIETNAM’S VINAMILK PLOTS NEW ZEALAND INVESTMENT TO EASE MILK SUPPLY PROBLEMS
September 1st, 2010
BY KARRYN MILLER
VIETNAM'S leading dairy company Vinamilk will hold a 19.3% stake in the New Zealand-based Miraka Limited, helping ease Vietnamese milk supply shortages, a spokesman told just-food. Following approval from Vietnam's ministry of planning and investment, the dairy producer chose a planned New Zealand dairy production plant for its first overseas investment. According to Ms Truc Le Quang Thanh, a Vinamilk spokesperson: "We decided to invest in Miraka because it is profitable. In addition, because of the shortage of milk from cows in Vietnam, we ...
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