Markets

Sources said that Masan Group, for example, is taking final steps to take over GreenFeed. The animal manufacturer is valued at US$500 million, a much higher price than US$164 million in 2012. GreenFeed is a domestic enterprise which has four animal feed factories with the total capacity of 500,000 tonnes and a closed network of pig farms from the north to the south.  If Masan Group successfully takes over Greed Feed as rumored, the animal feed market, worth US$8 billion a year, will see big changes. In April 2015, in an unexpected move, Masan announced it had taken over two leading animal feed manufacturing enterprises – Proconco and Anco, where it holds 52% and 70% of stake, respectively. Proconco and Anco can churn out 1.7 million tonnes of animal feed a year, output just lower than CP Vietnam’s.  However, if Masan takes over GreenFeed, it would be able to put out 2.2 million tonnes. By that time, it would be on the same par with CP Vietnam, the largest … [Read more...] about Big M&A deals remap animal feed market

HCM City (VNA) – Several flower festivals and markets opened across Ho Chi Minh City on January 17, adding to the festive air in the city as the traditional New Year (Tet) festival is nearing.  A special market named “Green Tet - Vietnamese gifts” is running through January 22 at Phung Khac Khoan street in Da Kao ward, District 1, offering thousands of kinds of farm produce and traditional dishes. Visitors can not only shop for Tet but also relax with entertaining activities such as demonstrations of calligraphy, fruit carving, and making of traditional cakes.  The Binh Dien flower festival, to last until January 24, gathers a great diversity of flowers and ornamental plants. Music shows will be held every night for visitors. Another flower festival in Phu My Hung urban area will run until January 23, with some of its attractions such as the Spring Road, Spring Wharf and Spring Garden to remain open until January 29 (the fifth day of the Lunar New … [Read more...] about HCM City gets busy with flower festivals, markets ahead of Tet

Situated on Nghi Tam street in Tay Ho district of Hanoi, Quang Ba Flower Market is a large wholesale market that specialises in selling flowers to local people throughout the capital. With Tet approaching, the flower market can be found bustling with trade as early as 2am each morning. … [Read more...] about Hanoi’s largest flower market enjoys bustling atmosphere ahead of Tet

The F1 track bringing benefits to surrounding projects According to Do Thu Hang, director of Savills Hanoi, the liquidity and selling price of real estate in Hanoi inching up is a good signal for the whole market. Because of good liquidity, the supply from investors has increased significantly over time, reflecting optimism in the market. … [Read more...] about Hanoi real estate market welcomes New Year with good news

Hanoi (VNS/VNA) - Though Tet (Lunar New Year) is approaching with rising capital demands, the liquidity of the banking system is abundant, helping interest rates in the inter-bank market drop sharply, industry insiders said. According to Hoang Minh Hoan, Deputy General Director of Saigon Commercial Bank, no credit institution has borrowed on the open-market-operation (OMO) to date this year because they had no demand. This year's liquidity of the banking system was much better than last year, especially as Tet, which falls on January 25, was approaching, Hoan said. Reports from the State Bank of Vietnam (SBV) showed the inter-bank interest rates have sharply declined on all terms in the past few weeks. By the end of last week, the overnight and one-week rates were 0.94 and 1.46 percent per annum, a fall of 0.98 and 1.08 percentage points against the previous week, respectively. The rates for two-week and one-month loans also declined by 0.35 and 0.28 percentage points … [Read more...] about Banks’ liquidity abundant ahead of Tet