Bird nests point to opportunities in Vietnam
Vietnam is becoming a popular destination for private equity as evidenced by KKR spending $159 million on a 10% stake in Masan Consumer Corporation as well as the government’s willingness to sell a 20% holding in Vietcombank to private investors. But it is the more understated deals that demonstrate the breadth of opportunities available in the country – perhaps none more so than VinaCapital’s investment in Yen Viet Joint Stock Company.
Yen Viet sells nutritional products made from edible bird's nests, which are considered a delicacy in many parts of Asia. The company claims that consumers in China and Hong Kong use the nests as ingredients...
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