Markets

The situation, however, has produced both opportunities and challenges for Vietnamese enterprises in building a trademark for local farm produce that is recognized in foreign markets. Cao Thi Kim Lan, director of Binh Dinh Fishery JSC, said that due to the European Commission’s  yellow card on Vietnam’s seafood exports to the European market, 100% of the firm’s exported seafood products were being detained at destination ports for check. The firm has faced multiple difficulties in meeting requirements related to the origins of legal fishing products. Of the 10 fishing boats supplying these materials, the company has only made purchases from three or four boats that have succeeded in meeting the requirements, while the remaining boats failed to sell their products as their owners could not present any fishing diaries or identify their fishing locations. Keeping detailed diaries on fishing practices seems strange to fishermen who are used to traditional fishing … [Read more...] about Foreign markets tighten control on origin traceability

Prices of properties located near Ho Chi Minh City have increased by 10–20 percent since Tet (Lunar New Year), while in the city center they have increased by 10–25 percent on average, though in some places they have gone up by 60 percent. Many urban area projects are underway in the city such as Bien Hoa New City and Paradise Riverside, livening up the property market. Bien Hoa City’s land and property has been rising in demand and value due to ongoing infrastructure improvements, being adjacent to HCM City and fast economic growth. Photo: thanhnien.vn The city received USD 902.6 million worth of investment in the first half of the year, 141 percent higher than last year.  Due to the province’s ability to attract investments, many skilled local and foreign workers live in Bien Hoa, driving up demand for property. As a part of the southern key economic zone, the city has been growing steadily at 12-15 percent a year, with its industrial … [Read more...] about Bien Hoa property market booming

An overview of Panomax River Villa project in HCM City's District 7. In the last quarter of this year, SCR will continue selling apartments in Panomax River Villa project with expected revenue of more than VND1.5 trillion. — Photo panomaxrivervilla.net Thanh Thanh Cong Investment JSC is to buy more than 16 million shares of Sai Gon Thuong Tin Real Estate JSC (SCR), equivalent to 4.7 per cent of the company’s outstanding shares. The transaction is scheduled from December 5 to December 31. Thanh Thanh Cong said the company is expected to spend VND100 billion (US$4.3 million) for the acquisition. On the stock market, SCR shares price has plunged to the bottom of the last three years since 2016. SCR closed Tuesday morning at VND5,710 per share, down 32 per cent compared to the same period last year. Since earlier this year, SCR shares have been traded with stable liquidity with an average of 2.8 million shares matched during each session. The figure for the nearest 10 sessions … [Read more...] about Thanh Thanh Cong Investment to buy 16 million shares of Sai Gon Thuong Tin Real Estate

Farmers of Hoang Anh Gia Lai Agricultural JSC (HNG). On the stock market, HNG shares have been falling from the peak of VND19,000 per share recorded in mid-July. It closed Monday at VND14,550 per share. — Photo haagrico.com.vn Truong Hai Auto Corporation (Thaco) has registered to buy five million shares of Hoang Anh Gia Lai Agricultural JSC (HNG). HNG is the business arm of farming group Hoang Anh Gia Lai Joint Stock Company (HAG). Thaco expects to spend VND73 billion (US$3.2 million) for the acquisition. The transactions will be conducted via agreement or order matching method, from December 4 this year to January 2 next year. After the purchase, Thaco will hold 296.4 million HNG shares, 26.7 per cent of the firm. Thaco currently holds 291.4 million HNG shares. Thaco and HAG signed a co-operation contract in August 2018. Thaco Chairman Tran Ba Duong pledged to pour capital into HNG, help implement the HAG Myanmar project and arrange HNG’s loan structure. In the first nine … [Read more...] about Thaco to buy five million shares of Hoang Anh Gia Lai Agricultural

Nguyen Huynh Trang, deputy director of the HCM City Department of Industry and Trade, speaks at the seminar to introduce the Vietnamese Goods Week in Thailand in October. — VNS Photo Xuan Huong Thai-owned MM Mega Market Vietnam and Big C in Thailand will organise their first ever Vietnamese Goods Week in Thailand in October. Speaking at a seminar held to introduce the event in HCM City yesterday, Nguyen Huynh Trang, deputy director of the city Department of Industry and Trade, said the event would feature 100-150 booths. They would showcase regional specialities, the city’s key products and those with high export potential such as processed foods, handicrafts, office supplies, apparel, interior products, household utensils, farm produce, and seafood, Trang said. The booths would be free and the cost of setting up and decorating them would also be borne by the BJC Group – which owns Big C in Thailand and MM Mega Market Vietnam, she said. There will be B2B meetings … [Read more...] about HCM City to organise first Vietnamese Goods Week in Thailand