20th edition of Vietfish expo opens in HCM City The country’s premier fisheries expo, the Viet Nam Fisheries International Exhibition, returns to HCM City 30 per cent larger than when it debuted in 2008.The event, hosted by the Viet Nam Association of Seafood Exporters and Producers (VASEP), opened on August 22 at the Sai Gon Exhibition and Convention Centre in District 7.In its 20th edition this year, the annual event, with the theme “Asia’s Home of Seafood”, has attracted 233 exhibitors from 14 countries and territories.The organisers said the exhibition this year has been expanded by nearly 200sq.m from last year with 7 per cent more exhibitors.Vietnamese companies are once more showing off their potential as leading fisheries exporters.Some 66 per cent of the exhibitors are domestic, organisers said.Of the participants, 55 per cent are in aquaculture and services while the remaining 45 per cent sell machinery and equipment, chemicals, … [Read more...] about BUSINESS NEWS IN BRIEF 24/8
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World News in Brief: August 22
* Flooding caused by recent storms in Laos has killed at least 46 people while 97 others are missing and four people were injured, according to the latest report from the National Disaster Prevention and Control Committee. * Thailand has launched a Southern Economic Corridor (SEC) project covering several of its southern provinces, namely Ranong, Surat Thani, Nakhon Si Thammarat and Chumphon. * China and India pledged on August 21 to further strengthen ties between the two countries and their militaries. * The Brazilian military on August 21 arrested at least 70 people in a massive dragnet on drug gangs in Rio de Janeiro, local officials said. * Brazilian President Michel Temer criticized protectionist measures taken against steel imports, during a speech at the Brazilian Steel Congress on August 21 in Sao Paulo. He urged the steel industry to "protect" itself from foreign attacks. * Facebook said Tuesday it is removing more than 5,000 targeting categories to prevent misuse of its ad … [Read more...] about World News in Brief: August 22
Goverment News 23/8
PM orders meticulous preparation for WEF ASEANPrime Minister Nguyen Xuan Phuc has called for meticulous preparation for the World Economic Forum on ASEAN (WEF ASEAN). Prime Minister Nguyen Xuan Phuc has called for meticulous preparation for the World Economic Forum on ASEAN (WEF ASEAN), which will take place in Hanoi on September 11-13.Hosting the Government’s regular meeting on August 22, PM Phuc required all sub-committees to make use of the experiences gained through the organisation of APEC 2017, the sixth Greater Mekong Sub-Region (GMS-6) Summit, and the 10th Cambodia-Laos-Vietnam Development Triangle Summit.The Government leader stressed that improvement to Vietnam’s business climate should be manifested through the preparation to connect WEF investors with Vietnamese firms.He asked the Ministry of Culture, Sports, and Tourism, in collaboration with the Hanoi People’s Committee, to enhance the popularisation of Vietnam’s image and position as well as … [Read more...] about Goverment News 23/8
BUSINESS NEWS IN BRIEF 23/8
Vietnam fisheries int’l exhibition opens in HCM City Visitors to the Vietnam Fisheries International Exhibition (Vietfish) 2018 The Vietnam Fisheries International Exhibition (Vietfish) 2018 kicked off at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on August 22. The event attracts 233 exhibitors from 14 countries and territories, including 153 of Vietnam, showcasing aquatic products in 374 booths. The numbers of both exhibitors and booths increase by 6.8 percent and 3.6 percent, respectively, from last year. Vietfish 2018, lasting through August 24, also features many workshops discussing the market situation, production trends and other hot topics in the fisheries sector at present. Ngo Van Ich, Chairman of the Vietnam Association of Seafood Exporters and Producers, said over the last 20 years, Vietfish has established itself as a leading and influential fisheries exhibition in Asia as seen in the surge of exhibitors, booths and visitors. He noted … [Read more...] about BUSINESS NEWS IN BRIEF 23/8
BUSINESS NEWS IN BRIEF 22/8
Mekong Capital divests from Asia ChemicalsMekong Enterprise Fund II, a unit of Mekong Capital, has completely divested from Asia Chemicals Corporation (ACC) and taken in US$8.9 million, a 2.6-fold increase over its initial investment, after a seven-year holding period.According to a press release issued by Mekong Capital on August 10, in 2011, MEF II invested US$3.8 million in ACC, which was its 10th investment, after others in Mobile World Investment Group (The Gioi Di Dong), Golden Gate, Vietnam Australia International School and International Consumer Products.However, MEF II has now divested from all of its 10 earlier investments. The divestments have helped the fund generate a gross return multiple of 4.5 and a gross internal rate of return of 22.5%.Early this year, MEF II sold five million shares at Mobile World, generating a gross return multiple of 56.9 and an IRR of 61.1%, making it one of the most successful investments in Asia.Also, the fund’s full exit from Vietnam … [Read more...] about BUSINESS NEWS IN BRIEF 22/8