Lotus Impact, KOTO plan JV

Friday, Dec 05, 2014 08:19

James Dien Bui. — Photo VNA

HCM CITY (Biz Hub) — Lotus Impact, an impact investment firm focused on Southeast Asia, announced yesterday that its first investment in Viet Nam would be a joint venture with leading social enterprise KOTO.

Impact investments are made in companies, organisations or funds with the intention to generate social and environmental impact along with financial returns.

The catering joint venture will produce high-quality international and Vietnamese food options for businesses and other organisations, with facilities in HCM City and Ha Noi. Lotus Impact managing director James Dien Bui expects operations to begin next March. He did not disclose the investment amount.— VNS

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