The agro-forestry-aquatic sector boasts great potential to attract more investment, while also contributing to the country’s export turnover (Photo: Le Toan) Over the past few months, TH Group has spent millions of US dollars on beefing up production of fresh milk products. Not only being locally consumed, these products are also exported to China, where TH has become the first Vietnamese enterprise to be allowed by China’s authorised agencies to export fresh milk products into this gigantic market with a population of 1.4 billion people. Under a protocol signed in April between Vietnam’s Ministry of Agriculture and Rural Development (MARD) and China’s General Administration of Customs on veterinary and health requirements for dairy products to be exported, TH Group has met all strict requirements and conditions set by China. Also, in April, TH Group inked an MoU for a strategic partnership on market development and consumption of foodstuffs, farm produce, … [Read more...] about Agriculture driving economic growth
Manufacturing sector
Supporting industry exhibitions in HCMC attract 300 firms
Other News Supporting industry exhibitions in HCMC attract 300 firms By Le Hoang Thursday, Dec 12, 2019,15:05 (GMT+7) Supporting industry exhibitions in HCMC attract 300 firmsBy Le Hoang Workers inspect spare parts. The Vietnam International Machinery Fair 2019 and the Vietnam Supporting Industry Fair 2019 kicked off in HCMC on December 11, featuring 460 booths run by 300 exhibitors – PHOTO: VNA HCMC – The Vietnam International Machinery Fair 2019 (VIMAF) and the Vietnam Supporting Industry Fair 2019 (VSIF) kicked off in the Saigon Exhibition and Convention Center in HCMC’s District 7 on December 11, featuring 460 booths run by 300 exhibitors. The fairs were part of a series of events boosting the development of the supporting industry in 2019, organized by the HCMC Department of Industry and Trade in collaboration with Korean Association of Machinery Industry, Coex Vietnam and HCMC Association of … [Read more...] about Supporting industry exhibitions in HCMC attract 300 firms
NA leader’s visit to advance Vietnam-Belarus traditional ties
National Assembly Chairwoman Nguyen Thi Kim Ngan is paying an official visit to Belarus from December 12 to 14 (Photo: VNA) Hanoi (VNA) – National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan and Belarusian leaders are set to discuss ways to step up their countries’ traditional friendship and multifaceted cooperation during an official trip to the European nation from December 12 to 14. The first official visit to Belarus by Chairwoman Ngan is made at the invitation of Chairman of the Council of the Republic Mikhail Myasnikovich and Chairman of the House of Representatives of the NA of Belarus Vladimir Andreichenko. Great strides in bilateral relations In 2019, the two countries’ relations have enjoyed strong developments with cooperation enhanced in all spheres. Their existing cooperation mechanisms consist of an inter-governmental committee on economic, trade and scientific-technological cooperation; an inter-governmental committee on military … [Read more...] about NA leader’s visit to advance Vietnam-Belarus traditional ties
HAGL decides to sell hydropower unit
A hydropower plant managed by Hoang Anh Gia Lai Group. — Photo baodautu.vn Multi-sector company Hoang Anh Gia Lai (HAGL) is selling its ownership at a hydropower unit as it continues the path to become a pure agriculture business. HAGL will sell 248.5 million shares or a 99.4 per cent stake in HAGL Hydropower Co. The company wants to exit the sectors that have remained unprofitable and strengthen its agricultural activities, the firm said in a statement. But HAGL gave no information about the buyer. After completing the deal, HAGL will officially remove hydropower from its business portfolio. In recent years, the group has offloaded a lot of its assets to restructure loans. In 2017, HAGL sold its sugar unit to Thanh Thanh Cong Group for VND1.33 trillion (US$57.7 million). In 2018, HAGL signed a strategic deal worth VND22 trillion with Truong Hai Auto Corporation (Thaco), allowing the auto manufacturer to acquire its cattle farming and real estate subsidiaries. In 2019, Thaco … [Read more...] about HAGL decides to sell hydropower unit
Vietnam’s top legislator begins official visit to Belarus
National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan and her entourage arrived at Minsk International Airport on December 12 morning, beginning a three-day official visit to Belarus. National Assembly Chairwoman Nguyen Thi Kim Ngan The trip is made at the invitation of Chairman of the Council of the Republic Mikhail Myasnikovich and Chairman of the House of Representatives of the NA of Belarus Vladimir Andreichenko. Welcoming the Vietnamese delegation at the airport were Deputy Chairman of the Council of the Republic Isachenko Anatoly Mikhailovich, other officials of the Council, and Vietnamese Ambassador to Belarus Pham Hai. The visiting delegation includes Deputy Prime Minister Vuong Dinh Hue, NA Vice Chairman Uong Chu Luu, Chairman of the NA’s Committee for External Relations Nguyen Van Giau, and NA Secretary General and Chairman of the NA Office Nguyen Hanh Phuc, among others. The first official trip to Belarus by Chairwoman Ngan aims to enhance the traditional … [Read more...] about Vietnam’s top legislator begins official visit to Belarus
