Korean group spends US$1 billion buying Vingroup shares

South Korean group SK has become a strategic partner of the local conglomerate Vingroup as both sides clinched a deal for the investment of some VND23.3 trillion, roughly US$1 billion, today, May 16.

According to the local media, SK Group has registered to buy 154.3 million shares of Vingroup through a private placement and 51.4 million secondary shares owned by its subsidiary VinCommerce. At an average price of VND113,000 per share, the total value of the deal is some VND23.3 trillion, equivalent to US$1 billion.

Vietnam enjoys advantages for raising grass-fed cattle

5/17/2019 9:09:36 AM

Minister of Agriculture and Rural Development Nguyen Xuan Cuong on May 15 stressed the need for Vietnam’s livestock industry to focus on devising policies and production organization methods to meet market demand for food

Ninh Thuan livestock farmers struggle to feed animals due to drought

5/17/2019 9:05:56 AM

Farmers in Ninh Thuan province, which has the largest number of cattle and sheep and goats in the country, are struggling to find natural food for their animals since prolonged hot weather has parched their pastures.

Vinalines to hold shareholders’ meeting in June

5/16/2019 4:54:14 PM

The Vietnam National Shipping Lines (Vinalines) will hold its first shareholders’ meeting on June 24, starting operation as a joint stock company model with the new name Vietnam Marine Corporation (VIMC).

Deployed OCOP projects in Bentre Province

5/16/2019 10:56:41 AM

On May 14, 2019, People's Committee of Ben Tre province coordinated with the Central New Rural Coordination Office, Trade Promotion Center under the Ministry of Agriculture and Rural Development to organize the review meeting. the implementation of the organization of the Mekong Delta Regional Agricultural and OCOP Products Fair in Ben Tre Province for the first time in 2019.

Training on OCOP in Tiengiang Province

5/16/2019 10:48:08 AM

On May 15, 2019, in Ho Chi Minh City My Tho, Tien Giang, Rural Development Center - Saemaul Undong, University of Social Sciences and Humanities, Vietnam National University. Ho Chi Minh trained on One-Commune-One-Products (OCOP) Program for 70 managers at all levels to implement the OCOP program and 40 people in cooperatives, cooperative groups and production households in the area. Cho Gao, Chau Thanh and TP districts. My Tho, Tien Giang province.

Seafood, textile stocks soar thanks to good business performance

5/14/2019 11:41:08 AM

Positive business results together with the expectation of benefiting from free trade agreements helped seafood and textile stocks shoot up in the past year.

Concerning the fisheries industry, pangasius processing companies saw prosperous business results over the past year. Shares of Cửu Long Fish Joint Stock Company (ACL) were traded at around VNĐ10,000 (US$0.43) per share in April, 2018. Closing the trading session of April 10 this year, ACL reached VNĐ39,550 per share, up nearly four times after a year.

Việt Nam Pepper Association not hopeful of global price recovery

5/14/2019 11:37:49 AM

With supply remaining higher than demand in the global market, pepper prices are unlikely to recover this year, according to the Việt Nam Pepper Association.

Speaking at a seminar on Việt Nam Pepper Crop 2018 – Orientation and Action Plan in 2019 held in HCM City on Friday (May 10), Nguyễn Nam Hải, chairman of the association, said Việt Nam exported over 235,800 tonnes of the spice worth nearly US$775 million last year, a year-on-year increase of 9.7 per cent in volume but a fall of 30.8 per cent in value.

HCMC wants $54 billion foreign investment

5/10/2019 12:05:14 PM

Ho Chi Minh City is seeking $53.8 billion worth of foreign investment in 210 projects with a focus on infrastructure.
City officials said at a conference Wednesday they want investment in nine areas including transport, infrastructure, agriculture, commerce-service, education, and healthcare.

International container port inaugurated in Thanh Hoa

5/10/2019 11:54:03 AM

An international deepwater container port was put into operation at Nghi Son International Port in the north central province of Thanh Hoa on May 8.
Addressing the event, Deputy Minister of Transport Le Dinh Tho appreciated CMA Group's decision to open a container port and selection of Nghi Son International Port for the construction.

Vietnam cannot continue down low-cost labor path: PM

5/7/2019 10:27:12 AM

Minister of Labor, Invalids and Social Affairs Dao Ngoc Dung said his ministry is working to improve training for workers using curriculums from Australia and Germany so that they can get internationally recognized certificates.