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Business

Vietnam dairy maker draws investment from VinaCapital fund, Daiwa PI

HO CHI MINH CITY -- VinaCapital Vietnam Opportunity Fund, a London-listed fund, and Tokyo-based investor Daiwa PI Partners have jointly acquired a 70% share of a Vietnamese dairy producer.

     After almost two years of negotiations, the pair announced the investment of a total of $45 million in Vietnam's International Dairy Products. The move is expected to help IDP expand.

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