The International Finance Corporation and the investment fund managed by IFC Asset Management Company - IFC Emerging Asia Fund - will be investing US$52 million in common equity in Mavin Group Joint Stock Company (Mavin).
Mavin Group and World Vision (WV) Việt Nam on Tuesday signed a memorandum of understanding for a three-year bilateral cooperation to provide US$ 100,000 worth of livelihood support for poor households in provinces in Viet Nam.
Viet Nam – Austria joint venture Mavin Group would invest in a high-tech research and development centre and a food processing plant in the south at a total cost of over US$80 million, said Chairman David John Whitehead.
Mavin Group, a joint food venture between Australia and Viet Nam, is aiming to export Vietnamese duck meat in the future to meet increasing demand for the product.
Mavin Group, an Australian-Vietnamese joint venture, has pledged to invest some US$80 million in the north-central province of Nghe An, mainly in the husbandry sector.