Tokyo Kiraboshi Financial Group,Inc. plans to establish a joint venture in Vietnam, potentially in 2027, to produce seasonings and other products locally. Its subsidiary Kiraboshi Bank will invest jointly with customer Moranbong and major Vietnamese food company Tan Long Group.
Tokyo Kiraboshi Financial Group,Inc. (FG) has announced plans to launch a joint venture in Vietnam, potentially in 2027, to manufacture seasonings and food products. Its subsidiary Kiraboshi Bank is expected to invest in the joint venture alongside Moranbong and the Tan Long Group.
Moranbong, which will receive the investment, is a seasoning manufacturer based in Fuchu, Tokyo. It will invest together with the Tan Long Group, which is seeking to expand in Vietnam.
The initiative aims to support customers' overseas expansion by supplying risk capital.
The Nikkei reported that Kiraboshi Bank has made supporting Japanese companies' overseas expansion and creating businesses with customers key pillars of its growth strategy.