Yen Viet Joint Stock Company, a Vietnamese consumer goods firm that sells bird’s nest nutritional products, has received a minority investment of undisclosed amount from VinaCapital Vietnam Opportunity Fund Limited.
Yen Viet intends to use the proceeds to strengthen its distribution channels, production capability and product development. The company will also examine the chance of listing on a Vietnamese or international stock exchange.
Yen Viet, which focuses on affluent clients with high disposable income, has increased the value of its brand by creating a popular bottled bird’s nest drink.
The edible nests of swiftlets are considered a delicacy in many parts of East and Southeast Asia. The largest market is China, particularly Hong Kong, where bird’s nest is used as part of traditional medical remedies. The nests are farmed or collected from natural caves, without harming the birds.
The AIM-quoted VinaCapital Vietnam Opportunity Fund holds significant investments in Vietnam’s consumer goods sector, including Vinamilk, Kinh Do Confectionary, and Phu Nhuan Jewelry.
FinSMEs
27/05/2011