Tuesday, July 23 2019

VietNamNews

Japanese conglomerate seeks to invest in Đà Nẵng

Update: May, 10/2019 - 07:49

 

Representatives from Ise Foods Inc and Đà Nẵng's People's Committee pose for a photo after the meeting. — Photo danang.gov.vn

ĐÀ NẴNG — Ise Foods Inc expressed interest in investing in the hi-tech agriculture, food processing, health-care and high-end hospitality sectors in the central coastal city of Đà Nẵng during a meeting with local authorities this week.

Founded in 1912, the company is now the largest egg producer in Japan with annual revenue of more than US$1 billion. It is also involved in hi-tech farming, food processing and renewable energy, according to the provincial portal.

At the event, chairman of the municipal People's Committee Huỳnh Đức Thơ said he hoped that with its strengths, Ise Foods would speed up investment and technology transfer activities in Việt Nam in general and Đà Nẵng in particular. 

He vowed local authorities would create the most favourable conditions for the Japanese firm to implement its projects in the locality. 

Earlier in March, Ise Foods Inc inked a co-operation deal on the production and distribution of fresh eggs with Ba Huân Joint Stock Co.

Following the deal, the Vietnamese poultry company will be responsible for supply while Ise Foods will distribute the products at Japanese supermarkets and stores in Việt Nam. Ba Huân must ensure the eggs meet Japanese standards, with strict breeding and preservation requirements. The Vietnamese company would supply about 10,000 eggs for Ise Foods to send to Japanese restaurants, supermarkets and malls. — VNS

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