Many Vietnamese firms are set to participate in the 2018 Selangor International Business Summit (SIBS) in Malaysia to exchange information and seek business opportunities, a meeting heard in Ho Chi Minh City on April 16.
Vietnam, a market of 93 million people, is seeing rapidly growing consumer demand for food and beverage (F&B) products, offering ample space for the F&B sector to expand.
Cargill on April 10 opened an 80,000 metric tonne warehouse for grains and oilseed at the Saigon International Terminals Vietnam (SITV) port in Phu My town, the southern province of Ba Ria-Vung Tau.
The robust economic development and improved living standards have turned Vietnam into one of the most promising markets for food and beverage consumption in the region.
Indonesia sets a target of importing 3.7 million tonnes of salt this year to meet the growing demand of industries.
Vietnamese fruits are becoming more and more popular in the Japanese market, reflected through 170 million USD in export turnover of fruits and vegetables in 2017, an increase of 70 percent against the previous year.
The Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) Agreement would be a vital deal in utilising free trade and ensuring sustainable development in Vietnam, said Minister of Industry and Trade Tran Tuan Anh.
Vietnam launched a stall at the 43rd International Food and Beverage Exhibition (Foodex 2018) that opened in the Japanese prefecture of Chiba on March 6.
The Government has said it is determined to assist food and beverage importers and producers by allowing businesses to make self declarations instead of being constantly watchdogged by officials.
Vietnamese shares recouped part of the week’s losses on February 9 as the current massive sell-off across the stock market triggered investors to scoop up stocks at bargain prices.
Vietnamese shares plummeted as investor confidence was dampened by worries over the increasing pace of the US central bank’s interest rate hike this year.
Nineteen European food and beverage companies are visiting Vietnam to explore partnerships with local importers and distributors.
The Australian General Consulate in HCM City will be holding its second Australia Day community event in the city on January 28.
The Government needs to enlarge the scale of the market and lure more State-owned enterprises to list shares through speeding up their equitisation, according to Luu Trung Thai, Vice Chairman of Military Bank.
Vietnamese shares bounced back on January 18 after the previous day’s sharp fall sent stocks down to attractive prices, thus triggering investors to bottom-fish.
Vietnamese shares plummeted on January 17 as investors realised short-term profits. Worries remained that the adjusted policy on margin lending could take effect early next month.
With huge investment, commodities suiting all tastes, ages and income levels, and round-the-clock services, convenience stores could make a splash in the Vietnamese food and beverage market.
Vietnam’s benchmark VN Index has extended its growth for a fourth straight week, though recent market trading conditions suggest the benchmark index could struggle with rising selling pressures this week.
