Vietnamese tycoons compete with big foreign companies
In many ‘duels’, it is not the foreign giants with powerful financial capability and experience, but rather the Vietnamese conglomerates who are the winners. With a deal worth VND1.4 trillion, Anco has become the strategic shareholder of Vissan, the move that allows it to officially join the meat market valued at nearly $10 billion. Analysts commented that it would help Vietnamese food enterprises improve their positions in the food supply industry which is at risk of being acquired by CP Group from Thailand.
