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Kirin enters Vietnam

This article was originally published in Foodnews

JAPANESE firms Kirin Beverage Co and Acecook Co are entering the soft drinks sector in Vietnam through a joint venture. Vina Kirin Acecook Beverage Co will be set up in Ho Chi Minh City in May 2008 with an investment of US$26 million. Kirin will hold a 51% stake, while Acecook will hold the rest. The joint venture is expected to start operating next sum-

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