Farm produce stands

On September 10, the Board of Directors of Masan MEATLife JSC (MML) submitted the company's restructuring plans to the general meeting of shareholders. Accordingly, MML will be restructured into independent businesses (Feed - Farm - Food). As separate and more focused operating platforms, the business units are expected to become better positioned to develop into best-in-class companies compared to global peers. Masan MEATLife launched its meat supply chain by merging two leading feed companies, ANCO and Proconco, in 2015. The company invested in the rest of the supply chain (farms, processing plants, retail chains) in 2017-2018 and completed the 3F chain with the launch of the MEATDeli chilled meat brand. Masan MEATLife is restructuring its animal feed business to accelerate its Feed-Farm-Food platform The proposed restructuring plan may include the spin-off of the animal feed unit. This adjustment would simplify distribution and build a strategic partnership …

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Leaders of Chernihiv said the Ukrainian city boasts strengths in export of farm produce, agricultural machinery and bunker gear. Such products are being shipped to some Southeast Asian nations, but have yet to gain a foothold in the Vietnamese market. Local authorities voiced a hope that the Embassy of Vietnam in Ukraine will help connect the countries’ firms by taking into account the holding of a virtual business forum in tandem with COVID-19 prevention and control. Chernihiv has set up sister city relations with two Vietnamese localities of Can Tho and Ca Mau and will work to renew fields of cooperation and stand ready to create the optimal conditions for Vietnamese firms to cooperate and invest in the Ukrainian city. For his part, Thach said economic-trade cooperation between Vietnamese localities, and Chernihiv remains modest compared to their potential. The two sides need to arrange trade promotions and diversify export items, he stated, agreeing on the organisation of a …

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Vietnamese Ambassador to China Phạm Sao Mai (left) on behalf of Vietnamese localities received vaccine and medical supplies donated by Vice Chairman of the Government of Guangxi Zhuang Autonomous Region Huang Junhua during a ceremony on Saturday. — VNA/VNS Photo Mạnh Cường NANNING — China’s Guangxi Zhuang Autonomous Region has donated medical supplies worth CNY¥62.55 million (US$9.7 million) to help Việt Nam’s COVID-19 fight. The donations were made at a ceremony held in Nanning on Saturday. It includes 800,000 doses of Sinopharm’s Vero Cell COVID-19 vaccine, an ECMO machine and other medical equipment, which will be sent to border provinces of Việt Nam. It was the largest-ever aid Guangxi has provided to a foreign partner, showing its great support for neighbouring localities in Việt Nam. Speaking at the ceremony, Vice Governor of Guangxi Zhuang Autonomous Region Huang Junhua said the COVID-19 resurgence in Việt Nam is of great concern to the region’s Party, administration …

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Hanoi tax authorities collect taxes from Google and Apple content developers The Hanoi Department of Taxation have collected over VND39 billion (USD1.69 million) from content developers on Google and Apple during the first seven months of this year. The Hanoi Department of Taxation have collected over VND39 billion (USD1.69 million) from content developers on Google and Apple during the first seven months of 2021. Illustrative photo According to the department, they have collected taxes from 392 people that provide content services on various applications including Google Play and Apple Store. The department have collected VND 203 billion (USD8.83 million) in taxes from these content developers since 2018. The municipal tax authorities are also seeking to collect more taxes from online businesses. They are checking on the information of 32,085 businesses that are using online delivery services and 756 housing rental businesses. The department has co-operated with banks and …

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Ambassador of Vietnam to China Pham Sao Mai (L) receives donations of medical supplies from China’s Guangxi Zhuang Autonomous Region to Vietnamese border provinces. (Photo: VNA) Nanning (VNA) – China ’s Guangxi Zhuang Autonomous Region donated medical supplies worth 62.55 million CNY (about 9.7 million USD) to aid Vietnam’s COVID-19 fight in a ceremony held in Nanning on September 11. The donations include 800,000 doses of Vero Cell COVID-19 vaccine, an ECMO machine and other medical equipment, which will be sent to border provinces of Vietnam. It was the largest-ever aid Guangxi has provided to a foreign partner, showing its great support for Vietnamese neighbouring localities. Speaking at the ceremony, Vice Governor of Guangxi Zhuang Autonomous Region Huang Junhua said the COVID-19 resurgence in Vietnam is of great concern to the region’s Party, administration and people; and that Guangxi views challenges facing Vietnamese border provinces as its own …

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China’s Guangxi Zhuang Autonomous Region donated medical supplies worth 62.55 million CNY (about 9.7 million USD) to aid Vietnam’s COVID-19 fight in a ceremony held in Nanning on September 11. The donations include 800,000 doses of Vero Cell COVID-19 vaccine, an ECMO machine and other medical equipment, which will be sent to border provinces of Vietnam. It was the largest-ever aid Guangxi has provided to a foreign partner, showing its great support for Vietnamese neighbouring localities. Ambassador of Vietnam to China Pham Sao Mai (L) receives donations of medical supplies from China’s Guangxi Zhuang Autonomous Region to Vietnamese border provinces. (Photo: VNA) Speaking at the ceremony, Vice Governor of Guangxi Zhuang Autonomous Region Huang Junhua said the COVID-19 resurgence in Vietnam is of great concern to the region’s Party, administration and people; and that Guangxi views challenges facing Vietnamese border provinces as its own obstacles and wants to provide …

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Vietnam continues to be attractive investment destination: HSBC The Vietnamese market will remain an attractive investment destination for foreign investors moving forward, the Hong Kong Shanghai Banking Corporation (HSBC) Vietnam said in its monthly macroeconomic update for September 2021. The bank cites statistics from the Vietnam Leather, Footwear and Handbag Association (LEFASO), noting more than 30% of garment makers have suspended production, prompting garment exports to drop by 4.5% in August compared to the previous month. Notably, Vietnam’s leather and footwear industry currently makes up 15% of the world’s market share, a two-fold increase during the past 10 years. Vietnam is also one of the world’s largest textile and garment makers, just behind China and Bangladesh. However, Vietnamese exports of mobile devices and components recorded a sharp increase in August, achieving an annual growth rate of 11%. Meanwhile, exports of computers and electronic products also …

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The Military Command of Binh Long town (Binh Phuoc province) coordinated with other units to transport 35 tons of food, farm produce, and other necessaries to assist troops and people in Binh Duong province and Ho Chi Minh City in the fight against COVID-19. These goods were contributed by people from all walks of life in Binh Long town in a hope that the recipients could control the pandemic soon. The same day, the standing board of the Vietnam Fatherland Front Committee’s Ho Chi Minh City’s chapter received medical supplies, including oxygen generators and drugs to treat COVID-19 patients, from many donors. The supplies will be handed over to the people’s committees of 21 districts and Thu Duc city to help improve treatment quality for COVID-19 patients and reduce COVID-19 related deaths. Also, more than 500 troops from the Binh Phuoc Provincial Military Command and other military units supported farmers in five districts of the province to harvest farm produce because it was …

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Foreign investors maintain confidence in Vietnam’s economy Vietnam attracted 14 billion USD in foreign direct investment (FDI) in the first eight months of this year, only 2 percent lower than the same period last year, showing foreign investors’ confidence in Vietnam’s economic scenario in mid-and long terms. Of the investment capital, up to 11.7 percent has been disbursed, up 2 percent as compared with the corresponding time last year. In August alone, 2.4 billion USD was registered, up 65 percent from the previous month, mainly additional capital injected into the processing and manufacturing industry. However, this month’s FDI disbursement dropped 14.3 percent against July and 12.2 percent year-on-year as the social distancing order has been imposed in major economic centres. Budget collection in August also went up 13.9 percent while total spending reduced 5.9 percent year-on-year. According to the World Bank, Vietnam’s economic recovery in the fourth quarter will …

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Digital transformation plays a vital role in agricultural development To achieve ambitions to become a modern-oriented industrialised nation by 2030 and a developed country with high income by 2045, Viet Nam must succeed in the digital transformation process, in which agriculture is one of the priority areas, Minister of Foreign Affairs Bui Thanh Son said. Minister Son gave the statement at the Vietnam Agricultural Digital Transformation International Forum 2021, themed “Keeping up with market trends, ensuring the pivotal role of the economy during and after the COVID-19 pandemic.” which was held virtually on Thursday by the Ministry of Foreign Affairs (MOFA), the Vietnam Digital Agriculture Association (VIDA), and e-newspaper VnExpress. The forum is a place for dialogue and public-private policy activities between the Government, private sector and stakeholders. It was also an activity within the framework of the Vietnam International Agricultural Exhibition 2021 (AgriTech Expo …

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