World’s largest fish feed maker opens second plant in Vietnam
Norwegian major Skretting, the world’s largest maker of feed for farmed fish, has inaugurated its second Vietnam factory with an annual capacity of 100,000 tons.
The $24 million state-of-the-art facility, located in Long An province bordering Ho Chi Minh City, enables Skretting’s effective feed supply to farming provinces in Vietnam's Mekong Delta and beyond, the giant said.
Feed products made at the new Skretting factory in Long An province, southern Vietnam. Photo courtesy of Long An newspaper.
The southern delta region is Vietnam’s largest aquaculture hub and rice bowl. Rice and aqua products are among the main export earners of Vietnam’s export-driven economy.
“Skretting is not only making great contributions to the development of Vietnam’s sustainable aquaculture but also serves as strong evidence of the good cooperation between Norway and Vietnam in this area for the last 40 years,” commercial counselor Arne-Kjetil Lian from the Embassy of Norway in Hanoi told the plant opening ceremony last Friday in Long An.
The new factory, Lotus II, covers 20,800 square meters next to Skretting Vietnam’s existing facility in Thuan Dao Industrial Park, Long An's Can Duoc district. Skretting broke ground on this second plant in March 2021.
Vietnam became part of the Skretting family in 2010 through its full acquisition of Tomboy Aquafeed JSC, a Vietnamese fish and shrimp feed company.
Skretting, with its headquarters located in Norway’s Stavanger, is a wholly-owned subsidiary of the Nutreco feed group in the Netherlands. The corporation operates factories in 19 countries across the world, providing more than 2.6 million tons of feed annually, the company says.
In a related development, Europe’s leading frozen food company, Nomad Foods, inked new contracts late this October to secure supplies of certified farmed pangasius fish from three Vietnamese firms - Vinh Hoan, VDTG and Godaco Seafood.
The three firms are among the largest global suppliers of Aquaculture Stewardship Council (ASC) - certified suppliers of farmed seafood. They will start supplying the pangasius fish from 2023 for UK-based Nomad Foods, the world’s largest branded purchaser of Marine Stewardship Council (MSC) certified fish and seafood products.
- Read More
Vingroup to hire 20,000 workers for $35 bln Hanoi sports urban project
Vietnamese conglomerate Vingroup (HoSE: VIC) has announced the first-phase recruitment of over 20,000 workers for its massive Olympic Sports Urban Area project and other developments in Hanoi.
Companies - Fri, May 15, 2026 | 9:20 pm GMT+7
EVN eyes floating solar projects in central Vietnam
EVNGENCO1, a subsidiary of Vietnam’s state-owned utility Vietnam Electricity (EVN), is looking to invest VND4.4 trillion ($167 million) in three floating solar power projects in the central province of Lam Dong, expanding its push into renewable energy as Vietnam accelerates efforts to diversify electricity supply and cut carbon emissions.
Energy - Fri, May 15, 2026 | 3:53 pm GMT+7
Philippines' Jollibee earns over $16 mln from fried chicken, coffee chains in Vietnam in Q1
he Philippines’ Jollibee Foods Corporation (JFC) earned an EBITDA (earnings before interest, taxes, depreciation, and amortization) of over PHP1 billion ($16.2 million) from its fried chicken chain Jollibee and Highlands Coffee chains in Vietnam in Q1/2026.
Companies - Fri, May 15, 2026 | 3:42 pm GMT+7
Vietnam’s rapid growth in Asia-Pacific drives demand for higher operational standards: Savills
Being ranked among the Top 20 APAC Growth Hubs reinforces Vietnam’s appeal as a destination for international businesses, accelerating office expansion and multi‑site occupancy by regional and global tenants, write Savills Vietnam analysts.
Economy - Fri, May 15, 2026 | 3:33 pm GMT+7
Carlsberg Vietnam recognized with prestigious international, domestic honors
As expectations around sustainability continue to evolve, recognition for businesses is no longer driven by short-term outcomes, but by how they operate, adapt, and create value over time.
Companies - Fri, May 15, 2026 | 3:21 pm GMT+7
PV Drilling signs jack-up rig contract with Zarubezhneft EP Vietnam
PV Drilling, a subsidiary of state-owned Petrovietnam, has signed a contract to provide a jack-up drilling rig for Zarubezhneft EP Vietnam's development drilling campaign at the Thien Nga-Hai Au field in Block 12/11 offshore Vietnam.
Companies - Fri, May 15, 2026 | 2:03 pm GMT+7
Vietnam firms roll out hefty dividends after profit surge in 2025
Vietnamese companies are rolling out a wave of hefty cash dividends and bonus share issuances following strong earnings growth in 2025, with many payouts already scheduled for Q2/2026 after being approved during this year’s annual shareholder meetings.
Finance - Fri, May 15, 2026 | 1:04 pm GMT+7
Hanoi plans century-long urban overhaul centred on transport, Red River expansion
Hanoi has unveiled a sweeping new master plan with a 100-year vision that aims to transform the Vietnamese capital from a densely concentrated urban core into a multi-center metropolis driven by strategic infrastructure corridors, riverfront urbanization and regional transport connectivity.
Economy - Fri, May 15, 2026 | 9:35 am GMT+7
Berjaya Vietnam CEO spearheads $530 million acquisition of VinFast's manufacturing arm
Businessman Nguyen Hoai Nam, CEO of Berjaya Group Vietnam, has emerged as the key investor leading the $530 million takeover of Vietnamese electric vehicle maker VinFast’s manufacturing operations in Vietnam.
Companies - Fri, May 15, 2026 | 8:17 am GMT+7
S Korea’s KIM Fund no longer major shareholder in Vietnamese leading contractor Coteccons
South Korea’s KIM Vietnam Fund Management is no longer a major shareholder in Coteccons (HoSE: CTD) after its affiliated funds sold shares in one of Vietnam’s largest construction contractors.
Companies - Thu, May 14, 2026 | 6:46 pm GMT+7
Vingroup expands into surgical robotics with new medical technology venture
Vingroup (HoSE: VIC) is deepening its push into high-tech healthcare with the establishment of a new subsidiary focused on surgical robotics and advanced medical devices, as the country’s largest private conglomerate broadens its ambitions beyond electric vehicles, real estate, and hospitals.
Companies - Thu, May 14, 2026 | 6:19 pm GMT+7
Vietnam’s telecom giant Viettel expands defense tech cooperation with Turkish partners
Viettel High Tech, a subsidiary of military-run telecom heavyweight Viettel, has advanced partnerships in military communications, 5G infrastructure, counter-UAV systems, and next-generation defense technologies with major Turkish defense and telecom companies at the SAHA 2026 Defense and Aerospace Exhibition in Istanbul.
Companies - Thu, May 14, 2026 | 12:58 pm GMT+7
Vietnam Rubber Group posts highest quarterly profit in 5 years
Shares of Vietnam Rubber Group (HoSE: GVR) have surged 28% over the past three weeks after the state-controlled corporation reported its highest quarterly profit in five years, driven by a sharp increase in land compensation income and rubber tree liquidation gains.
Companies - Thu, May 14, 2026 | 12:09 pm GMT+7
Quang Ninh province coastal economic zone set to become seaport, logistics hub in Vietnam’s northern coast
The Prime Minister has approved the master plan for Quang Yen Coastal Economic Zone (CEZ) in Quang Ninh province through 2050, positioning the strategically located area between Quang Ninh and Hai Phong as a major hub for industry, seaport services, logistics, urban development, and tourism in northern coastal Vietnam.
Economy - Thu, May 14, 2026 | 11:22 am GMT+7
How VinMetal is quietly propping up steelmaker Pomina
Rather than injecting large amounts of capital directly into Pomina, VinMetal appears to be quietly taking control of both the upstream supply chain and downstream product distribution — a more cautious approach than previously disclosed.
Companies - Thu, May 14, 2026 | 8:31 am GMT+7
VinFast to sell manufacturing arm in $530 mln restructuring, adopts ‘asset-light’ model
VinFast is undertaking one of its largest restructurings since listing in the United States, with plans to divest its manufacturing unit VFTP in a deal valued at about $530 million while separating its technology, branding and sales operations into a new “asset-light” structure aimed at reducing capital pressure and optimizing global operations.
Companies - Wed, May 13, 2026 | 10:31 pm GMT+7



















