Shidax to start catering in Vietnam

Kyodo

Shidax Corp. said Tuesday it will start catering services for corporate customers in Vietnam by forming a capital tieup with a local company.

Shidax said it will acquire 35 percent of outstanding shares in Galaxy TSC Co., a Ho Chi Minh City-based catering firm that now provides an average 50,000 meals a day, mainly to Japanese firms and factories operating in the fast-growing country.

With the investment, Shidax said it will become the first foreign company to enter Vietnam’s catering industry since the country became a member of the World Trade Organization in 2007.

The Vietnamese firm’s name will be changed to Galaxy Shidax Co., the Japanese firm said, adding it aims to provide 200,000 meals a day in 2017.

Shidax wants a foothold in Vietnam in light of growing corporate needs for catering services, especially among Japanese manufacturers setting up bases in and around Hanoi and Ho Chi Minh City.