OCOP products made by the Tài Thịnh Phát FARM Co-operative in Cà Mau Province come with good packaging and labelling. — VNA/VNS Photo Huỳnh Anh CÀ MAU — The national 'One Commune – One Product' (OCOP) programme has helped improve the value of Cà Mau Province’s agricultural products and promote its speciality products. The southernmost province enjoys advantages in agriculture, forestry and aquaculture, which enable it to offer various products and services designated as OCOP. They include food, beverages, handicrafts, and rural tourism services. The province recognised 44 more OCOP products last year, taking its total to 77 ranking from three or four star level under a five-star system. The ones recognised last year include Ngọc Trân and Mạch Long fish sauce, Từ Tâm biological rice, Minh Duy fermented bulrush, Minh Quân dried soft banana, Ba Đức dried gourami fish, Năm Căn shrimp cracker, and Ngọc Hiển mangrove chopsticks. The province ranks fourth out of the delta’s 12 … [Read more...] about Cà Mau Province focused on One Commune – One Product
New product marketing plan
The sell-off in the Vietnamese stock markets has been consistent with what has been occurring in global markets. — Photo vov.vn The sell-off in the Vietnamese stock markets has been consistent with what has been occurring in global markets, though selling pressure was exacerbated by many new retail investors dealing with margin calls for the first time and a crackdown on firms that borrowed money to buy stocks. None of this is however likely to have much impact on Viet Nam’s economic growth or on the aggregate earnings of listed companies, Michael Kokalari, VinaCapital’s chief economist, assured. “In Q1 earnings surged by around 30 per cent year-on-year, and we expect the earnings of all of the companies listed on the Ha Noi and HCM stock exchanges to surge by nearly 30 per cent this year.” Viet Nam’s benchmark VN-Index sold off 11 per cent last week and was down 21 per cent in the year to date at the end of last week after being nearly flat until March end, he said. … [Read more...] about Why the stock market sell-off when VN’s economy is strong?
Prime Minister Pham Minh Chinh (right) had a meeting with Joseph Bae, Co-Chief Executive Officer of the private equity firm Kohlberg Kravis Roberts in New York on May 16. — VNA/VNS Photo Duong Giang Prime Minister Pham Minh Chinh met with leaders of global investment firm Kohlberg Kravis Roberts (KKR) and Visa Group in New York and held phone talks with the Deputy Managing Director of the International Monetary Fund (IMF) during his trip to the US. At a meeting with Joseph Bae, Co-Chief Executive Officer of KKR, on May 16 (US time), the PM asked the firm to share its experience and offer proposals to Viet Nam. Joseph Bae expressed KKR's wish to expand its operation in real estate, infrastructure, digital transformation, food, consumer goods and technology in Viet Nam, noting that the firm had invested more than US$1 billion in three Vietnamese companies. Viet Nam is an attractive market for investors with incentives rolled out by the Government, along with its favourable … [Read more...] about PM meets leaders of investment firm Kohlberg Kravis Roberts, Visa Group in New York
At a meeting with Joseph Bae, Co-Chief Executive Officer of KKR, on May 16 morning (U.S. time), Chinh asked the firm to share its experience and offer proposals to Vietnam. Joseph Bae said KKR wishes to expand its operation in real estate, infrastructure, digital transformation, food, consumer goods and technology in Vietnam, noting that the firm has invested more than USD 1 billion in three Vietnamese companies. Vietnam is an attractive market for investors with incentives rolled out by the government, along with its favorable geographical location, and young, dynamic population, he noted. The Southeast Asian nation is also the destination for many added value services, Joseph Bae added. Chinh lauded KKR’s investment in the private sector in Vietnam, and welcomed its plan to expand investment in the country, stressing that the firm’s investment focuses match Vietnam’s priorities. He told Joseph Bae that Vietnam lured investments worth USD 1.3 billion in startups last year, … [Read more...] about Prime Minister meets representatives of investment funds, groups in New York
Vietnamese Prime Minister Pham Minh Chinh (C) visits the New York Stock Exchange (NYSE) (Photo: VNA) In his meeting with NYSE leaders, the Vietnamese PM expressed his pleasure to visit the largest stock exchange in the world in terms of market capitalisation, and thanked them for the warm welcome and the privilege to ring the bell to end the trading session of May 16. PM Pham Minh Chinh meets with representatives of NYSE (Photo: VNA) PM Chinh stressed that Vietnam is cracking down on the violations of a few unscrupulous investors in the country’s stock markets to ensure its security, transparency, and sustainable development. He asked the NYSE to cooperate and share experience in developing an effective, sustainable stock market in Vietnam as well as realising the country’s ambition to successfully build a regional-level financial centre, foster the win-win partnership between the NYSE and Vietnamese agencies and companies, contributing to the development of the … [Read more...] about PM visits New York Stock Exchange, holds roundtable with CEOs of int’l firms
Vietnam’s retail and consumer sector might be booming, but analytics companies are quick to note that only a few large-scale consumer corporations are leveraging its potential thanks to their impressive, targeted strategies. Vietnam on track to enter world’s top ten consumer markets After more than two years of stunted growth due to the COVID-19 pandemic, analysts are reporting a bright outlook for the Vietnamese economy. Retail sales growth in Vietnam accelerated from 1.7 percent year on year in the first two months of 2022 to 10.4 percent in March and 12.1 percent in April. The consumer sector accounts for about two-thirds of Vietnam’s GDP, and its recovery plays an important part in the recovery of the economy as a whole. VinaCapital, one of Vietnam’s largest investment and asset management firms, forecast Vietnam’s GDP to increase by 6.5 percent in 2022. Multinational banking and finance institution HSBC sees eye-to-eye with VinaCapital, predicting that the consumer … [Read more...] about Vietnam’s retail and consumer segment: Opportunity for leading market enterprises