DAITANVIET JOINT STOCK COMPANY

The subject is a wholesale importer and distributor that operates in three areas - commercial foods, foodservice, and dairy ingredients. Formerly, the subject was established and operated by a couple - Mr. Lachize Didier Albert and Ms. Le Thi Van. In Nov 2023, Sojitz Corporation (“Sojitz”) together with Sojitz Asia Pte. Ltd. and Sojitz Vietnam Company Limited have jointly acquired full ownership of the subject. Sojitz appreciates the subject's ability to generate revenue when it can bring in more than one billion yen. In the next fiscal year and beyond, Sojitz hopes that such a large amount of revenue will build up.
Regarding business advantages, the subject is also the sole food importer in Vietnam to be granted approval and certification by the Authorized Economic Operators program as a business operator with established security management and legal compliance systems, which enables expedited customs clearance procedures. The subject handles a total of 2,000 products for nearly 6,000 mid- to high-end luxury hotels and restaurants and has approximately 100 suppliers in Vietnam and overseas.
Besides, the subject is considered as one of Vietnam's largest handlers of beef, cheese, and other food products that have increased in demand due to diversifying needs from an evolving food culture. A large number of products are processed and manufactured at the company's factory and distributed nationally under the Bottega Zelachi brand. These production activities will continue to be developed moving forward. The company’s Foodservice Division is an added-value segment that is offering food solutions to professionals.
The subject imports dairy ingredients to Vietnam from New Zealand’s largest dairy manufacturer, Fonterra, to supply dairy product manufacturers with powdered milk and other products. NEW VIET DAIRY has earned a reputation for responding to customer needs with fast delivery times and by accommodating even small lot orders. The company boasts a 40% market share from sales as the top in the industry.
Through acquisition of NEW VIET DAIRY, Sojitz will work alongside its consolidated subsidiary and major consumer goods wholesaler, Huong Thuy Manufacture Service Trading Corporation (“HT”), to create a broadline wholesale food distribution business that supplies independently owned retail stores, mass merchandisers, and mid- to high-end hotels and restaurants. Sojitz will leverage both NEW VIET DAIRY and HT's customer networks to expand its sales channels in Vietnam. Additionally, Sojitz will make use of NEW VIET DAIRY's sales network to promote sales of marine food products handled by MF Vietnam Ltd.Sojitz Corporation is a big Japanese group that is listed on the Tokyo Stock Exchange. This group has more than 22,000 employees with overseas 302 subsidiaries and affiliates besides 129 ones in Japan.