VietNamNet Bridge - Vinamilk and Nutifood have decided to enter foreign markets. Vietnamese dairy producers seek foreign markets Vinamilk is the leading dairy producer in Vietnam which holds 54.5 percent of liquid milk market share, 40.6 percent of powdered milk, 33.9 percent of drinkable yoghurt, and 84.5 percent of yoghurt market share. In the powdered milk market segment, Vinamilk has to compete with Nutifood. Grow Plus+ product of NutiFood is the best known children’s specialized powdered milk with 39.3 percent of market share. “If our products can enter the US market, this would help us penetrate other markets as well,” said Vinamilk’s CEO Mai Kieu Lien.NutiFood regains strength RELATED NEWS Domestically made dairy products have upper hand over imports Dairy producers gather strength for competition in organic food market Mai Lan … [Read more...] about As domestic market becomes saturated, dairy producers seek foreign markets
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Food safety key to finding overseas markets
They were speaking at a conference titled “Overcome the technical barriers for food and agricultural products to export to EU” in Ho Chi Minh City on August 17. Vietnam is still among the countries whose exports are rejected by European markets mainly because of food safety issues. Cat Chu mango has geographical indication. Photo: theone.vn Last year, the EU’s rapid alert system for food and feed (RASFF) issued 77 notifications that Vietnamese exports had not qualified for import and 23 shipments were rejected at the border. In the first half of this year, the figures were 36 and 11. Marieke Van Der Pijl, legal consultant of the Food, Agri and Aqua Business Sector Committee of the European Chamber of Commerce in Vietnam, said the main reasons for rejection included detection of antibiotics, crop protection products and other harmful chemicals, cold-chain breaks during transportation which increase the chances for bacteria to develop. Other reasons … [Read more...] about Food safety key to finding overseas markets
French group assists Hanoi in building int’l agricultural wholesale market
At the signing ceremony (Source: hanoimoi.com.vn) Hanoi (VNA) – The Hanoi Department of Industry and Trade and Semmaris Group of France will cooperate in the study and research on building an international wholesale market of farm produce in Hanoi. A memorandum of understanding (MoU) to this effect was signed in Hanoi on August 9. The signing is part of results of the France visit by Chairman of the municipal People’s Committee Nguyen Duc Chung in June 2018. Accordingly, the two sides will set up a team tasked with implementing activities regarding the survey and pre-feasibility study on the building of the market, and then move to next cooperation steps. Semmaris is responsible for operating and managing the Rungis International Market in Paris, to market real-estate properties, ensure the acceptance and security of the tenants and users, and improve the dynamism of the market’s image. During the France visit in June, Chung attended the Vietnam farm produce … [Read more...] about French group assists Hanoi in building int’l agricultural wholesale market
Vietnamese farm produce showcased at world”s largest wholesale market
The Vietnam Agricultural Products Week 2018 kicked off at Rungis International Market, the world's largest wholesale market for fresh produce, in Paris on June 26, in the hope of promoting exports of Vietnamese agricultural products to France and Europe in general. Chairman of Hanoi municipal People's Committee, Nguyen Duc Chung and Vietnamese Ambassador to France Nguyen Thiep introduce Vietnamese farm produce to CEO of Rungis International Market, Stéphane Layani The opening ceremony saw the presence of Chairman of Hanoi municipal People's Committee, Nguyen Duc Chung, Vietnamese Ambassador to France Nguyen Thiep, CEO of Rungis International Market, Stéphane Layani, and French leading groups along with 30 Vietnamese enterprises. Vietnamese enterprises introduced French and European customers to a number of Vietnam’s key farm products including mangoes, dragon fruit, lychees, lemons, grapefruit, coconuts, rambutans and a range of vegetables and spices … [Read more...] about Vietnamese farm produce showcased at world”s largest wholesale market
Ly Son Islands break Japan market
The island district of Ly Son in the central province of Quang Ngai has exported 500 tonnes of purple onion – a unique farm product of the island – to Japan. It marks the first time a Japanese company has put in an order for farm produce from the island this year. Director of the Ly Son Island Company Nguyen Van Dinh said that purple onion will be harvested and exported from June to December this year. Dinh said the product has to meet the high requirements of the Japanese market, which means passing strict examinations and gaining a certification of origin before shipping to the country. He said farmers in the island have been successful in gradually applying safe farming techniques and have joined value chains with high productivity, making an attractive price for export. Last year, the district began construction of a high-tech farm to produce organic garlic on the island, with a total investment of VND4 billion (US$177,000). Products of Ly Son Island including garlic, … [Read more...] about Ly Son Islands break Japan market
Scramble for the egg market
The demand for eggs is rising, with some companies wanting to boost production for export, Photo: Le Toan Ba Huan JSC recently made a splash when receiving $32.5 million worth of investment from VinaCapital’s Vietnam Opportunity Fund (VOF). According to Pham Thi Huan, chairwoman of Ba Huan, with additional capital from VinaCapital, Ba Huan is developing a poultry processing plant worth VND400 billion ($17.56 million) in Ben Luc district in the southern province of Long An. The project is slated to be inaugurated in April or May this year. The company will also expand two poultry projects in Long An’s Thanh Hoa and Duc Hoa districts, with a VND300 billion ($13.17 million) investment from VinaCapital. The expansion is expected to raise Ba Huan’s egg production capacity by 20-30 per cent. Huan said that the egg supplier currently has a local capacity of one million eggs per day. Overall, with the ongoing expansion and fresh investment from VinaCapital, the company … [Read more...] about Scramble for the egg market
VN talks trade promotion in tough markets
Trade promotion in Viet Nam is facing many difficulties as many importers, such as the US, China, Japan and the European Union, were now protecting their own farm production. Tran Van Cong, deputy director of the Agro Processing and Market Development Authority under the Ministry of Agriculture and Rural Development (MARD), made the statement at a trade counsellors’ meeting in Ha Noi on February 8 to discuss strategies for enhancing farm exports. The agricultural sector targeted a growth rate of about 3 per cent and export revenues of US$40 billion in 2018. The quality and food safety standards in these countries have become stricter. As a result, it took more time, five to seven years on average, for Viet Nam to negotiate with them to open markets for farm produce, according to Cong. Cong said in 2018, the agricultural sector would work to enhance market analysis and forecast capacity to ensure smooth consumption of farm produce and increase the marketing of key Vietnamese … [Read more...] about VN talks trade promotion in tough markets
Vietnamese female billionaires enter US market
Jaime Brown, chair of the US-based food company Delori, has stated he hopes Delori and NutiFood, his partner, would earn US$100 million a year from their cooperation. He also promised to help the Vietnamese partner shine in the US, at Walmart or the most powerful retail chains. In the immediate time, NutiFood will export Pedia Plus to the US. Within the last 24 months, two female billionaires, Engineer Mai Kieu Lien, CEO of Vinamilk, and Doctor Tran Thi Le, CEO of NutiFood, have entered the US market. Nielsen, with annual revenue of VND50 trillion, is leading the Vietnam dairy industry with approximately 50% of market share. Meanwhile, NutiFood, with revenue of VND10 trillion, dominates the market segment of ready-made powder milk and specialized products for children with 37.4% and 39.3% of market share, respectively, according to Nielsen. While Vinamilk has diversified dairy products and targets the mass market, Nutifood focuses on specific markets for old people and … [Read more...] about Vietnamese female billionaires enter US market
SCG affiliate receives VN’s Top 20 trademark recognition
SCG Concrete Roof Vietnam – a subsidiary of Thailand’s SCG Cement-Building Materials has been recognised one of Viet Nam’s Top 20 Trademarks in 2017.The company’s product Elabana Profile is also selected among Viet Nam’s Top 10 Golden Products in 2017. The awards ceremony took place in the capital city on Friday.“This recognition has manifested SCG’s relentless effort throughout the years to innovate its products and services, to improve the quality of life and answer the needs of Vietnamese consumers,” the company said in its latest press release.The award, hosted by the Viet Nam Intellectual Property Association (VIPA) since 2007, aims to recognise the best Vietnamese trademarks and products for their quality and reputation in the local market.The Top 20 Trademarks award assesses brands based on their history, their market size, reputation recognised by the industry and customers, as well as revenue, and other social achievements. … [Read more...] about SCG affiliate receives VN’s Top 20 trademark recognition
Centuries-old market keeps to tradition in centre of Ha Noi
Park Chung-bae and his wife, who've rented a two-storey house in Ha Noi's My Dinh Ward, said they visited the centuries-old Buoi Market in the capital to buy ornamental plants for their home."It's really a genuine old festival of bonsai, ornamental plants and different kinds of pets such as birds, cats, dogs and fishes inside such a modern city like Ha Noi," said Park, adding that his wife had bought dozens of flowers, trees and pots.Many foreigners visit the market to buy things, including those on tours, Park said.Like the South Korean couple, young local couple, Anh Tuan and his wife came to the market to buy several areca trees to plant in front of their house."Areca trees are also abundant at the market so we can choose the best ones, at an affordable price," said Tuan.Buoi Market is open six days every lunar month on the 4th, 9th, 14th, 19th, 24th and 29th.No one knows exactly when Buoi Market was established, but several documents report that it was formed during the Ly dynasty … [Read more...] about Centuries-old market keeps to tradition in centre of Ha Noi