Mekong Fund Invests in Asia Chemical Corporation

The Mekong Enterprise Fund II, managed by Mekong Capital Company, recently invested US$3.4 million in Asia Chemical Corporation (ACC), a specialty chemicals distribution company in Vietnam.

 

Mr Nguyen Thien Truc, General Director and founder of ACC, said: “We chose Mekong Capital as our strategic partner to jointly realise that vision of becoming one of three top specialty chemical and ingredient distributors in Vietnam.”

 

Dr Thomas Lanyi, Investment Director of Mekong Capital, said: “Consumption habits of Vietnamese people are changing rapidly toward increasing preference for processed foods, Fast moving consumer goods (FMCG) and other products that need chemicals and ingredients ACC is currently distributing.

 

ACC is presently sourcing products from some 300 suppliers worldwide, storing them in its own facilities, and selling them nationwide to some 1,300 customers, including leading confectionery, food and milk enterprises in Vietnam.