HO CHI MINH CITY -- Trading house Itochu will invest in Vinatex, Vietnam's largest state-owned textile company, acting ahead of a potential free trade agreement that could boost exports from the country.
Itochu will soon acquire about 5% of the company's stock for over 1 billion yen ($9.25 million), making it Japan's first leading nonfinancial company to buy into a state-owned business here.
