Washington state trade mission explores technology, agriculture, energy cooperation in Vietnam

Washington state trade mission explores technology, agriculture, energy cooperation in Vietnam

A delegation of about 46 business and government leaders from the U.S.’s Washington State is on a five-day trade mission in Vietnam starting April 8 to explore cooperation between the two sides in various realms.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam agri major HAGL appoints new CEO

Vietnam agri major HAGL appoints new CEO

Agricultural giant Hoang Anh Gia Lai (HAGL) appointed Nguyen Xuan Thang as its new CEO and legal representative Wednesday, replacing Vo Truong Son, who had occupied the position since 2015.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Agribusiness Hung Nhon, De Heus target $2 bln annual revenue by 2030

Agribusiness Hung Nhon, De Heus target $2 bln annual revenue by 2030

Vietnamese major agribusiness Hung Nhon Group and its Dutch partner De Heus plan to increase the annual revenue of their cooperation to $2 billion by 2030, according to Hung Nhon Group.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Conglomerate Thaco to make $750 mln agricultural investment in Laos

Conglomerate Thaco to make $750 mln agricultural investment in Laos

Southern Laos Agricultural Investment and Business Production Co. Ltd. (Southern Laos Agri), under leading Vietnamese private conglomerate Thaco, has received an investment certificate for a $750 million agricultural project in Laos.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

European investment fund values 'pepper king' Phuc Sinh at $320 mln: exec

European investment fund values 'pepper king' Phuc Sinh at $320 mln: exec

A European investment fund has invested in and valued “pepper king” Phuc Sinh Group at $320 million, said its chairman Phan Minh Thong.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

PM sets GDP growth target of 3.5-4% for Vietnam agriculture sector

PM sets GDP growth target of 3.5-4% for Vietnam agriculture sector

Vietnam’s Prime Minister Pham Minh Chinh has asked the agricultural sector to overcome obstacles in 2024 by turning "nothing into something, and difficulty into ease" to reach GDP contribution growth of 3.5-4%, with a minimum of $55 billion from exports.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesian industrial agri-food firm Japfa appoints new Vietnam general director

Indonesian industrial agri-food firm Japfa appoints new Vietnam general director

Japfa Comfeed Vietnam Co., Ltd., a subsidiary of Indonesia’s industrial agri-food company Japfa, has appointed Clemens Tan its new general director.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dong Thap rolls out red carpet to welcome Japanese investors: provincial leader

Dong Thap rolls out red carpet to welcome Japanese investors: provincial leader

The Mekong Delta province of Dong Thap is offering incentives, streamlining administrative procedures, and improving transport infrastructure to welcome foreign investors, especially those from Japan, said chief of the provincial Party Committee Le Quoc Phong on Wednesday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Agribank actively implements 5 preferential credit programs

Agribank actively implements 5 preferential credit programs

So far this year, state-owned Agribank has been actively implementing five preferential credit programs for businesses, per the Prime Minister's request to improve firms' access to credit to boost production and state budget revenue.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Agribank's commitment to green credit development strategy

Agribank's commitment to green credit development strategy

As a pivotal institution providing capital and financial services to the agriculture and rural sectors, Agribank is resolute in spearheading the realization of the government's directives on fostering green credit growth, managing environmental and social risks in credit operations, and striving to lay the groundwork for secure agriculture and sustainable development.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Central Vietnam province Binh Dinh calls for investment in $48 mln shrimp farm

Central Vietnam province Binh Dinh calls for investment in $48 mln shrimp farm

The central province of Binh Dinh is calling interested investors to submit bids for a 219 hectares hi-tech shrimp farm complex with an estimated investment of VND1.18 trillion ($48.2 million).

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam ranks third globally in rubber export value

Vietnam ranks third globally in rubber export value

Vietnam is now the world’s third largest rubber exporter, with its products present in more than 80 countries and territories, according to the Ministry of Agriculture and Rural Development (MARD).

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dutch agribusiness giant opens $20.5 mln aqua feed mill in southern Vietnam

Dutch agribusiness giant opens $20.5 mln aqua feed mill in southern Vietnam

Dutch agribusiness De Heus inaugurated Tuesday a new VND500 billion ($20.5 million) aqua feed mill in the Mekong Delta city of Can Tho.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam PM urges Indonesia firms to invest more in banking, finance, green growth

Vietnam PM urges Indonesia firms to invest more in banking, finance, green growth

Vietnam is always happy to welcome Indonesian firms investing in the country’s banking, finance, green growth, property, and agriculture sectors, Prime Minister Pham Minh Chinh said on Tuesday.

Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7

Thai food giant CPF posts $1.64 bln H1 revenue in Vietnam

Thai food giant CPF posts $1.64 bln H1 revenue in Vietnam

Thailand’s Charoen Pokphand Foods Public Company Limited (CPF) recorded a revenue of THB58.23 billion ($1.64 billion) from its Vietnam operations in the first half of this year, down 6% year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Agriculture firm BAF Vietnam plans to take $21 mln loan from foreign banks

Agriculture firm BAF Vietnam plans to take $21 mln loan from foreign banks

BAF Vietnam Agriculture JSC plans to secure a syndicated loan of up to VND500 billion ($20.9 million) from foreign banks, according to a resolution approved on Monday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

TH Group plans four hi-tech agri projects in central Vietnam

TH Group plans four hi-tech agri projects in central Vietnam

TH Group JSC, a leading Vietnamese dairy firm, has received approval to invest VND2,253 billion ($94.6 million) in four projects in Thanh Hoa province’s Thuong Xuan district.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam firm plans 4 high-tech agricultural projects in Dong Nai province

Vietnam firm plans 4 high-tech agricultural projects in Dong Nai province

KN Investment Group, a Vietnamese multi-sector business, plans four mega high-tech agricultural projects in the southern province of Dong Nai.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Long An province ticks all the right boxes for Japan firms

Long An province ticks all the right boxes for Japan firms

Long An province bordering Ho Chi Minh City is an ideal location for business expansion beyond Japan, Japanese businesses said on Friday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Agribusinesses Hung Nhon, De Heus kick off $8.4 mln livestock project

Agribusinesses Hung Nhon, De Heus kick off $8.4 mln livestock project

Vietnam’s Hung Nhon Group started construction of a VND200 billion ($8.44 million) high-tech animal husbandry project in cooperation with Dutch partner De Heus in the southern province of Tay Ninh on Monday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam startup FoodMap raises $1 mln to expand in foreign markets

Vietnam startup FoodMap raises $1 mln to expand in foreign markets

Ho Chi Minh City-based agriculture-technology startup FoodMap has raised $1 million in a move to bring Vietnamese farm produce to new international markets, the agritech firm said on Wednesday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Nestlé to support regenerative, low-emission agriculture in Vietnam

Nestlé to support regenerative, low-emission agriculture in Vietnam

Nestlé Vietnam has signed a strategic partnership agreement with the Ministry of Agriculture and Rural Development to support the country’s transition to regenerative and low-emission agriculture.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Thai retail giant to build Go! mall in Soc Trang province

Thai retail giant to build Go! mall in Soc Trang province

Thailand’s Central Retail plans several investments in the Mekong Delta province of Soc Trang, including a Go! mall in Soc Trang town and mini go! supermarkets in a few districts.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese forests worth $200 mln a year in carbon credits: Deputy Minister

Vietnamese forests worth $200 mln a year in carbon credits: Deputy Minister

Vietnam's forests net-absorb 40 million tons of carbon yearly, or $200 million in carbon credits at $5 per ton, Deputy Agriculture and Rural Development Minister Nguyen Quoc Tri said Monday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Agriculture in Vietnam: redefining boundaries

Agriculture in Vietnam: redefining boundaries

The prospects for Vietnam’s agriculture sector are bright over the next few years thanks to a strong commitment from the government and the free trade agreements that have been put in place, wrote Surajit Rakshit, HSBC Vietnam's head of global trade and receivables finance.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Mitsui Sumitomo, Hillridge offer insurance backing to Vietnam farmers

Mitsui Sumitomo, Hillridge offer insurance backing to Vietnam farmers

Mitsui Sumitomo Insurance Group (MSIG) Vietnam and Australian insurtech startup Hillridge on Tuesday inked a partnership that sees the latter enter Vietnam's agricultural insurance sector with a new product that will protect farmers from the risks of drought.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Australia agrotech RLF invests $2 mln in Vietnam agricultural distributor

Australia agrotech RLF invests $2 mln in Vietnam agricultural distributor

Australia’s RLF AgTech Ltd., an agriculture-technology (agrotech) business, will invest AUD3.3 million ($2.14 million) in Kona Crop Science, a Ho Chi Minh City-based distributor of agricultural products, in order to reach the Vietnamese market.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam's agriculture ministry, Italy's Eni cooperate in lowering emission

Vietnam's agriculture ministry, Italy's Eni cooperate in lowering emission

Vietnam’s agriculture ministry and Italy’s energy giant Eni signed a cooperation agreement in identifying initiatives in the fields of agriculture-feedstock and carbon credit generation from nature-based carbon offset solutions.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Agriculture major HAGL looks to consolidate position in 2023

Agriculture major HAGL looks to consolidate position in 2023

Hoang Anh Gia Lai JSC (HAGL) is taking a defensive approach to consolidate its current position and avoid overreaching, said the agriculture corporation's chairman Doan Nguyen Duc.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Foreign firms earn $420 mln from Q1 coffee exports

Foreign firms earn $420 mln from Q1 coffee exports

Foreign-invested enterprises (FIEs) in Vietnam earned $419.8 million from exporting coffee in the first quarter of this year, up 3.7% year-on-year, according to customs data.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Agribank credit provides platform for agriculture to flourish

Agribank credit provides platform for agriculture to flourish

Agribank, one of the four largest state-owned banks in Vietnam, has made its mission over the past 35 years to support local agriculture, farmers and rural areas.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Major agricultural firms to develop rooftop solar power

Major agricultural firms to develop rooftop solar power

Agribusinesses De Heus Vietnam and Bel Ga JSC have signed agreements with Green Roof, a local rooftop solar power developer, to install rooftop solar power systems at their establishments in the next two years.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Koina rides Vietnamese wave of eco-friendly agriculture promotion: chairman

Koina rides Vietnamese wave of eco-friendly agriculture promotion: chairman

Koina, a data-driven farm-to-business agriculture technology start-up in Vietnam, is working to help improve the domestic supply chain as the government encourages green and sustainable agriculture. Koina co-founder and chairman Nguyen Tran Thi talks to The Investor about the platform’s journey.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

IFC to invest $39 mln in Vietnam agri major BaF as strategic partner

IFC to invest $39 mln in Vietnam agri major BaF as strategic partner

The World Bank’s investment arm IFC has become a strategic partner in Vietnam-based BaF following Vietnamese regulatory approval of an IFC proposal to invest $39 million investment in the leading agri firm.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vinh Long province calls for $1.85 bln investment in 23 projects

Vinh Long province calls for $1.85 bln investment in 23 projects

Vinh Long province in Vietnam’s Mekong Delta is seeking investment for 23 key projects worth VND42,738 billion ($1.85 billion) in sectors of industrial real estate, agriculture, culture-tourism, urban area development, and trade-service.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7