Vietnam stock market undervalued

HCM City (VNS/VNA) - The imported pork and declining meat consumption have pushed pork prices down, helping stabilise the consumer price index. This month pork has been sold at the Hoc Mon wholesale market in Ho Chi Minh City for around 72,000 VND (3.17 USD) per kilogramme, 8,000 VND down from previous months, according to its management. Le Xuan Huy, deputy general director of the CP Livestock Joint Stock Company, said hog prices are down because of increased imports of both frozen pork and live pigs as well as lower demand. According to the Ministry of Agriculture and Rural Development, in the first seven months of this year Vietnam imported more than 93,248 tonnes of pork, mainly from Canada, Germany, Poland, Brazil, the US, Spain, and Russia, 223 percent up from the same period in 2019. The ministry licensed imports of pigs on the hoof from Thailand from mid-June. As of August 36 companies registered to quarantine more than 4.7 million … [Read more...] about Pork prices fall as Vietnam increases imports

HCM City (VNA) - The recently-signed Regional Comprehensive Economic Partnership (RCEP) agreement will create opportunities for Vietnam’s agricultural products to extend their reach in the region and the world, experts have said. Le Duy Minh, President of the Vietnam Farms and Agricultural Enterprises Association, told a meeting in Ho Chi Minh City on January 15 that the agriculture sector has been integrating intensively and extensively into the world but also faces considerable difficulties and challenges, including the impact of the COVID-19 pandemic, climate change, trade disputes between major economies, and an increase in technical barriers in many countries. Vietnam signed a number of important economic deals in 2020, heralding a new era of economic integration with opportunities to expand export markets and attract more domestic and foreign investment. Among the deals, the RCEP, which gathers together 10 ASEAN countries and five partners (the Republic of Korea, China, … [Read more...] about RCEP to help farm produce expand presence in global markets

Hanoi (VNS/VNA) - A crowded moon cake market has caused a drop in sales for many stalls ahead of Mid-Autumn Festival. The big day is on October 1 – the 15th day of the 8th month on the lunar calendar, but the moon cake market is still quiet. Popular moon cake brands like Kinh Do, Nhu Lan, Dong Khanh, Hanoi Confectionery and Thu Huong Bakery are traded on stalls in the most crowded areas in Hanoi and HCM City. Despite an increase in discounts and promotions, fewer people are shopping at moon cake stalls than last year. Nguyen Thi Huong, the owner of a moon cake stall on Pham Van Dong Street in HCM City’s Thu Duc District has struggled this year. “I have to use a 'buy 1 get 1' board to attract customers but some just stop to see the price list. Some still buy the products but they are much fewer than ever before," she said. Le Minh Tam, who runs a moon cake stall on An Duong Vuong Street, District 5, told Tin Tuc newspaper: … [Read more...] about Moon cake market competition heats up

Declaration of Conditional Special Interim DividendHONG KONG SAR - Media OutReach - 15 January 2021 - Jacobson Pharma Corporation Limited ("Jacobson Pharma" or the "Company"; Stock Code: 2633), a leading company engaged in the research, development, production, marketing and sale of generic drugs and proprietary medicines, today announced the declaration of a conditional special interim dividend by way of a distribution in specie of an aggregate of 241,777,625 JBM Shares, representing approximately 27.1% of the total number of JBM Shares in issue immediately upon completion of the proposed spin-off, to the qualifying shareholders. … [Read more...] about Jacobson Pharma’s Proposed Spin-off and Separate Listing of JBM (Healthcare) Limited on The Main Board of The Stock Exchange of Hong Kong Limited

Edwardo Erni, Managing Director - China and North Asia of Kerry Logistics Network, said, "There is enormous potential and development prospects in the chemical logistics market. The completion and opening of the Cangzhou logistics centre will allow us to provide professional chemical supply chain consolidation services to our customers in the Beijing-Tianjin-Hebei Region. It will give support to our customers' national and regional framework and consistently optimise supply chain networks to raise the autonomy of the chemical industry supply chain." … [Read more...] about Kerry Logistics Network Opens Chemical Logistics Centre in Cangzhou China To Capture Market Potential in Chemical Logistics