Vietnamese dairy group Vinamilk has said it does not have a firm plan to open a facility in Myanmar despite media reports linking it with a move there.
A report in the Nikkei Asian Review, citing “a source close to the company”, said Vinamilk is planning to launch a factory in Myanmar this year to accelerate its expansion.
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By GlobalDataSuch a move would be its second physical presence in ASEAN after its first factory launch in Cambodia. Another joint venture in Indonesia is said to be under discussion and plans for a Chinese market entry well advanced, according to the article.
The Nikkei Asian Review source told the title that Vinamilk would work with its local partner, understood to be Synchro World, in Myanmar. Synchro World has acted as its distributor since Vinamilk products were first introduced to Myanmar in 2016.
But when approached by just-food, Vinamilk sought to play down the story.
A spokesperson said: “We do not have a specific plan yet.”
In September, Vinamilk, Vietnam’s largest dairy company, took a 51% controlling stake in Laos-based peer Lao Jagro Development Xiengkhouang Co.
