Vietnam's KIDO to take over popular ‘banh bao Tho Phat’ brand

April 20, 2023

Packaged food producer KIDO Group has announced it will acquire a 25-percent stake in the ‘banh bao Tho Phat' brand in the first phase before increasing its holding to 51-70 percent in the future. The company looks to earn VND2 trillion (US$85.3 million) in revenue and VND200 billion ($8.5 million) in profit from the Tho Phat buns and other cakes in 2023. Tho Phat is a leading 'banh bao' producing brand in Vietnam, with the buns being sold at 4,000 wet markets, stores, grocery stores, and supermarkets. Tho Phat is a leading 'banh bao' producing brand in Vietnam, with the buns being sold at 4,000 wet markets, stores, grocery stores, and supermarkets. The Tho Phat factory covers over 22,000 square meters of land in Ho Chi Minh City, with an annual capacity of 10,000 metric tons.

The source of this news is from Tuoi Tre News