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Kinh Do on the lookout for suitable acquisitions

Update: December, 18/2013 - 08:33
Vice President Nguyen Thi Doan awards Labour Medal to representative of Kinh Do Corporation.—VNS Photo Le Thu Ngan

HCM CITY (VNS)— Leading confectionery and foodstuff producer Kinh Do Corporation has announced plans for mergers and acquisitions.

Its general director, Tran Le Nguyen, said the company would seek more investment opportunities in companies that are suitable for its strategy and look to develop its brands in international markets. But in the coming years, food would remain the company's core business, he said.

The company is growing at an average of 20-30 per cent per year, and is likely to achieve profits of VND600 billion ($28 million) on revenues of VND5 trillion ($238 million) this year. — VNS

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