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Vietnam Rubber Group to raise natural rubber output under its own brand A worker collects latex from a rubber tree (Illustrative photo: VNA) The rate is expected to hit 92 percent by 2022. The VRG has built a set of standards and introduced VRG-branded rubber products since 2018, bolstering consumption of its products along with Vietnam’s rubber brand in the international market. VRG-branded products reached 255,407 tonnes last year, accounting for 68 percent of the group's total output, from just 20,790 tonnes recorded in 2018. The VRG reported 21.17 trillion VND in revenue and 5.23 trillion VND in post-tax profit in 2020, year-on-year increases of 6.9 percent and 36.4 percent, respectively./. CPI in February highest in 8 years Vietnam’s consumer price index (CPI) in February was up 1.52 percent over the previous month and 0.7 percent year on year, according to the General Statistics Office (GSO). This is the highest February CPI growth recorded in the … [Read more...] about VIETNAM BUSINESS NEWS MARCH 1

Demand for top meat drives funding Demand for top meat drives funding In the midst of the rising demand for quality pork, Vietnam has witnessed growing investment in the clean meat market.  Last week, AVG Capital Partners, a private equity fund from Russia, signed an MoU with Thanh Hoa People’s Committee to develop a $1.4 billion pork processing complex in Nghi Son Economic Zone. With an area of 1,000 hectares, the complex has a designed capacity to produce five million hogs a year. It will boast 43 commercial pig farms and three hybrid pig farms, a mixed feed factory with a capacity of two million tonnes a year, as well as a slaughterhouse and processing plant with a capacity of 600,000 tonnes a year. Phong Quach, head of business development at Ipsos Strategy3 in Vietnam, said that as a general principle, any high-tech investment in agriculture is good for Vietnam. This is because the Vietnamese agricultural sector is still trying to attract more technology that can … [Read more...] about VIETNAM BUSINESS NEWS FEBRUARY 9

COVID-19 is back right at the year-end consumption time. Does this affect Nestlé’s business results? It is too early to quantify any impact of the latest outbreak. People are at the heart of our business and we continue to work tirelessly to keep our employees, business partners and the communities where we operate healthy and safe during the coronavirus outbreak. We are committed to ensuring continued production and delivery of our foods and beverages for Vietnamese consumers, particularly during Tet Holidays, by continuing to work closely with our supply chain, distribution and retail partners. We keep a strong belief in the capability and management of the Vietnamese Government to effectively contain any possible outbreak. Few days after the outbreak in Hai Duong, we joined effort with relevant authorities to provide people living in four lockdown districts of the province some 45,000 units of nutritional products to help them overcome the difficult time. We have also … [Read more...] about Nestlé always consistent with its goal towards sustainability

The Tra Su cajeput forest covers over 800 hectares in Tinh Bien district, the Mekong Delta province of An Giang, just 150km from Ho Chi Minh City. (Photo: VNA) Hanoi (VNA) – The Tra Su cajeput forest covers over 800 hectares in Tinh Bien district, the Mekong Delta province of An Giang , just 150km from Ho Chi Minh City. Tra Su is a typical cajuput forest on the western part of the Hau River, a tributary of the Mekong. Waterways that cut through a forest of green melaleuca trees are a great way to reconnect with nature, breath in fresh air and listen to the sound of chirping birds, a world away from the noise and bustle of cities. The Tra Su forest is home to about 140 plant species, but the majority is cajeput trees. The most suitable time of the year to visit the cajeput forest is during the lotus season, between June and September and the flooding season, from October to November. Visitors can also enjoy watching locals harvest cajuput flower honey. … [Read more...] about Tra Su cajeput forest – ‘The Green Lung’ in Mekong Delta

Cần Giờ District specialties that have been granted Trademark Certificates are part of HCM City's effort to develop 'golden brands' for local agricultural products. – Photo dost.hochiminhcity.gov.vn HCM CITY — The HCM City Department of Agriculture and Rural Development is building a 'golden brand' for its agricultural enterprises, Võ Văn Hoan, vice chairman of the city's People Committee, has said. In 2020, none of the 30 enterprises receiving the HCM City Golden Brand Award were in the agricultural sector. Hoan has encouraged enterprises to develop brands for local agricultural products and services. Cần Giờ District specialties, for example, that have already been branded include dried shark catfish, bird's nest and mango. The development of high-value agricultural products together with tourism will benefit the local economy and maintain agriculture. Đinh Minh Hiệp, director of the municipal Department of Agriculture and Rural Development, said the city will … [Read more...] about HCM City to build ‘golden brands’ for agricultural products