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By November last year, the total output and value of live market cows and bulls imported to Vietnam were more than 500,000 heads (of which, 91 percent were cows), with a turnover of US$556 million; cool cattle meat reached 1.5 million kilograms; frozen meat reached 80 million kilograms. Amid the current situation, the State, as well as localities, has issued many policies to encourage and boost the development of livestock farming to increase domestic beef production. Especially, the livestock development strategy for the period from 2021 to 2030, with a vision for 2045 to develop livestock production, in general, and beef cattle, in particular, has been approved. Accordingly, the agricultural sector will maintain an average growth rate of 1 percent per year for the period from 2021 to 2030 and an average increase of 6 percent per year of beef production, and raise the proportion of large muscular breeds to above 70 percent of the total herd. Along with that, the strategy will … [Read more...] about Agricultural sector aims to increase domestic beef production

Meanwhile, Binh Minh Plastic was honoured as one of Vietnam’s 50 Best-Performing Companies in 2019 by Nhip Cau Dau Tu magazine, in tandem with Thien Viet Securities. Making that the ninth consecutive year in the top 50, Binh Minh Plastic has a consistent performance thanks to excellent corporate governance and strong commitment to quality improvement. The achievement can be attributable to SCG’s efforts to build a sustainable business in line with social and environmental welfare. … [Read more...] about Long-term development commitments realised through strategic M&A moves

The SCSC-CME Industrial Rooftop Solar Power project is the first phase of a green energy plan between the two companies. The project will provide 1.5 million kWh of electricity annually, meeting 40 per cent of SCSC's electricity needs, saving about 15 per cent of energy costs, and reducing emissions by 1.5 tonnes of CO2 equivalents. The business will expand the second phase to achieve 100 per cent clean energy output. … [Read more...] about New energy renewable and efficiency model applied at Tan Son Nhat Airport

Foreign investors were net sellers to the tune of around VND620 billion on all three bourses, with the net selling focused mostly on HPG of steelmaker Hoa Phat Group (up 0.2 percent), SSI of SSI Securities Corporation and VHM of Vinhomes. … [Read more...] about VN-Index inches down in week’s opening session

The general director of Foxconn Vietnam was quoted by VietnamPlus as saying that the total amount of capital that the Foxconn Group had invested in Vietnam as of December last year reached US$1.5 billion, with US$900 million of it being poured into Bac Giang, which offered jobs to over 35,000 employees. The contract manufacturer is set to invest an additional US$700 million in the province this year and employ 10,000 more employees. … [Read more...] about Foxconn’s US$270-million tablet and laptop project approved in Vietnam