“Many people think that the rally of the shares means our economy is growing, but in fact the move may not reflect the true nature of the market,” analyses Dr. Thinh. “For banking stocks for instance, the recent increase in stocks truly reflected the health of the banking system. Yet, there will certainly be policy adjustments in 2021, and investors should have second thoughts before making a decision.” … [Read more...] about Experts warn about risky investments in gold and stocks
Vinamilk yoko gold
Vinamilk exports plant-based and condensed milk to China
Hanoi (VNA) – Vinamilk said it exported ten containers of plant-based milk to China in the early days of 2021 and five more containers of condensed milk will soon depart for the world’s largest market. It is believed to be a good start for Vietnam’s largest dairy producer this year. Ten containers of high-quality plant-based milk – almond-flavoured soymilk and red bean-flavoured soymilk – have arrived in China and been available at local convenience stores while the State-owned corporation is ramping up production to deliver five containers of condensed milk before the Lunar New Year Festival. In April last year, Vinamilk dispatched to China its first shipment of Ong Tho (Longevity) Brand Sweetened Condensed Milk, which has been well-received in the neighbouring country. Last week, the Ministry of Industry and Trade announced that Truong Tho Dairy Factory, a member of Vinamilk, was granted with codes for exporting to China sterilized milk, modified … [Read more...] about Vinamilk exports plant-based and condensed milk to China
Vinamilk exports first large batch of milk to China in 2021
A batch of five containers of sweetened condensed milk products are also scheduled to be transported to China before the Lunar New Year. Vinamilk exported its first batch of Ong Tho condensed milk to China in April 2020. Another Vinamilk factory has recently been granted with the export codes needed to sell its fresh organic milk products in China, facilitating the trade expansion of the company in a market with endless potential. “After surveying the market, we received a lot of positive feedback from local consumers and quickly received our first order. China is a large, but also very competitive market, so the company will take prudent steps to ensure we can tap into its potential,” said Vo Trung Hieu, international business director of Vinamilk. Vinamilk expanded its international trade significantly in 2020 with total revenue of over US$240 million, up 8% compared to 2019. … [Read more...] about Vinamilk exports first large batch of milk to China in 2021
Vinamilk, Kido to set up beverages joint venture
Mai Xuan Tram, deputy CEO of Kido, said the two companies have over one million outlets to sell beverages across the country, of which 120,000 could sell frozen foods, helping the new venture be competitive in the domestic market. … [Read more...] about Vinamilk, Kido to set up beverages joint venture
Employee jailed 10 years for stealing 455 taels of gold from boss
Part of the gold amount Nguyen Duc Tuan stole from his gold shop employer. Photo: Manh Truong / Tuoi Tre The police force of Quang Nam Province, in coordination with the police of Da Nang City, discovered Tuan’s act and temporarily detained Tuan and seized the exhibits. … [Read more...] about Employee jailed 10 years for stealing 455 taels of gold from boss