CJ Cau Tre Food Joint Stock Co will expand its investment scale in Viet Nam and accelerate exports with initial targets in Southeast Asian markets. — Photo xaluan.vn

CJ Cau Tre Food Joint Stock Co has set a target of generating VND2 trillion (US$73 million) in revenue in the next three years, the company said in its statement on Thursday.
To this end, the company will expand its investment scale in Viet Nam and accelerate exports with initial targets in Southeast Asian markets.

Top priority will be also given to developing the skilled personnel resource in the food sector, upgrading production facilities and improving quality of food products to win the trust of customers, the company said.

Besides this, the company plans to develop a complex with food processing and research and development (R&D) facilities, along with conducting food safety research in the country, in a move to provide customers with safe and quality products.

Owned by CJ CheilJedang Corporation, a subsidiary of the South Korean CJ Group, and the State-owned Saigon Trading Corporation (Satra), the company’s name was changed from the previous Cau Tre Export Goods Processing JSC.

CJ CheilJedang Corporation is currently the company’s the largest shareholder, holding 71.6 per cent of its stake. — VNS