The company expects the addition of the Vietnamese food company would help reinforce its food business. Established in 2001, Duc Viet Food specialises in manufacturing and distributing meat products, sausages, spices, and instant food. According to Korea Newswires, Daesang plans to complete the acquisition of the 99.99 percent stake in Duc Viet Food by August 5. Duc Viet products. Korean company pays US$32 million to acquire Duc Viet FoodVietNamNet Bridge - South Korea’s food-making conglomerate Daesang Corp. has bought nearly full stake in Vietnam's meat processor and distributor Duc Viet Food Joint-Stock Co. at $32 million in a move to make inroads into Vietnam’s meat processing market with high growth potential, reported Korea Newswire.

Source: VietNamNet News July 29, 2016 12:11 UTC