Japanese investment firm buys into Vietnam’s food and beverage sector

The Singapore based arm of Japan’s Marubeni Corporation has bought into Vietnam’s Asia Ingredients Corporation, VN Business is reporting. The details of the deal have not been disclosed but this is in line with several big moves in recent months in Vietnam’s food and beverage sector–Vietnamese food and beverage conglomerate Masan Group, for example, reported that it had secured US$200 million in equity funding led by Bain Capital just over a month ago.