Retail market news

Drink manufacturers hurry to scale up investments VietNamNet Bridge – New investors have been flocking to Vietnam, while existing investors have been expanding their business in the country after realizing the great potentials of the market.   Foreign investors show big interest in Vietnamese market Vedan Vietnam, known as a seasoning powder manufacturer, has gradually set a foot on the drink market after marketing Thien Tra brand drink. The move by…

Year end sees dull calendar sales in country There had been hope earlier that calendar sales would go up slightly by 5-10 percent this year as compared to last year, however, sales continue to remain dull throughout the country. Customers browse in a calendar shop looking for good designs as well as quality Manufacturers usually release their new designs of calendars early in November, as the last months of the…

Vietnam rice exports to reach 7.5 million tons Truong Thanh Phong, chairman of the Vietnam Food Association, said that Vietnam might export 7.5 million tons of rice this year, an increase of 400,000 tons from last year. Rice being harvested in the Mekong Delta (Photo: SGGP) Recently, the Vietnam Southern Food Corporation signed a contract with the Indonesian Bureau of Logistics (Bulog) to export 300,000 tons of 15 percent broken…

Samsung pours more money into Vietnam   Samsung Electronics Vietnam, a South Korean Company, is planning to pour more money into Vietnam with the construction of a new production line in the northern province of Bac Ninh. The group will increase investments by US$830 million in the Yen Phong Industrial Park in Yen Phong District in Bac Ninh Province, bringing their total investments in Vietnam to $1.5 billion. Samsung also requested…

Vinamilk exports touch US$138 million Vietnam Dairy Company (Vinamilk) has reported its export turnover in the first ten months of the year at US$138 million, up by nearly 46 percent compared to the same period last year. This year the company’s export turnover is expected to be around $180 million. The company’s average export growth has been at 45 percent for the past three years. Vinamilk exported powdered milk, baby…

Agro, forestry and fishery exports reach US$22.5 billion The total export turnover for agro, forestry and fishery products in the first ten months of the year touched US$22.5 billion, a 9.5 percent increase year-on-year, according to the Ministry of Agriculture and Rural Development. Seafood being processed for export in Vietnam (Photo: VNA) The Ministry gives a brighter forecast for the global economy in the third quarter, which is a good…

Vietnam reports record high exports of coffee The Association of Coffee and Cacao of Vietnam (VICOFA) has exported a record 1.5 million tons of coffee, earning nearly US$3.4 billion, a year-on-year increase of 23 percent in volume and 24 percent in value, even though the average value of exports was much lower than last year.   Luong Van Tu, chairman of VICOFA, said this at a meeting held in Ho Chi…

Seasonings industry shows great potential in Vietnam The seasonings manufacturing industry is rarely given any importance and is not even mentioned as a field of business, however, during the present economic situation it has shown that it has great potential and can be developed to suit consumer taste. A consumer chooses seasoning products at a supermarket. (Photo: SGGP) Seasoning is an essential product on the table of a normal Vietnamese…