Vinamilk hoped to expand investment in Laos

Control Union Vietnam Company, a Dutch evaluation and certification agency in Vietnam, recently granted the organic rice certification of BIO Organic, and the organic foods certification of the United States, to the Ca Mau province-based Vien Phu Joint Stock Company. This is the first rice cultivation model in Vietnam and Southeast Asia to be certified with these, thus opening a new direction for the Vietnamese rice sector to make inroads into international high-end market. Turning reeds into organic rice 1,000 tonnes of organic rice are in place for the market The company is expected to sell 1,000 tonnes of organic rice to the market in 2012. Currently, prices of Hoa Sua white rice, red rice, purple rice and black rice are VND35,000, VND39,000, VND49,000 and VND59,000 per kilo, respectively. Mr Vo Minh Khai, Director of Vien Phu Joint Stock Company, said: To have the current 320 ha of rice farm in Khanh An commune, U Minh district, the company has invested over VND30 billion and spent over three years to turn a reed-covered area into a productive rice field. He the said the soil was quite acidic at the time it took over it. To avoid being bitten by insects and reptiles, bulldozer drivers had to wear protective clothes from head to toe. Richard de Boer, Director of Control Union Vietnam, said he witnessed numerous difficulties on Vien Phu farm three years ago because it was separated and distant. But, levelling the ground, digging watering canals and reducing acidity were…... [read more]

The two did not, however, disclose the price of the six-hectare factory in My Phuoc 2 Industrial Park in southern Binh Duong Province. The factory has an annual capacity of processing 30,000 tonnes of products including instant coffee and canned coffee drink. The purchase will help increase Trung Nguyen's annual capacity to around 45,000 tonnes, according to Le Tuyen, marketing and communication manager of the coffee major. It is part of his company's development strategy for the next five years during which it will make investments of VND2.2 trillion (US$115 million). Before the purchase, Trung Nguyen had two plants for roasting and grinding coffee beans and two others for producing instant coffee. Ngo Thi Thu Trang, managing director of Vinamilk, said the sale will help her company focus on its core business. Also yesterday Vinamilk informed the HCM City Stock Exchange that it has got clearance from the Ministry of Planning and Investment for investing in a dairy project in New Zealand. Vinamilk will buy a 19.3 per cent stake in Miraka Ltd, which will build a dairy factory at the cost of $121 million to be capable of producing 32,000 tonnes of milk powder annually. It will begin production in August 2011. — VNS... [read more]

With this, Vinamilk’s total investment in Miraka has risen to more than US$13 million, and its stake there has increased from 19.3% to 22.8%. Vinamilk began its strategy to invest abroad by cooperating with Miraka to build a milk processing plant in New Zealand. The plant became operational in August 2011, and reached full capacity production in August 2012. In 2014, Miraka earned US$164 million in revenue, a year-on-year increase of 51%. In early 2014, Miraka contributed 51% of the capital to establish the Angkor Dairy Products Company with the aim of building a factory to process milk products for the Cambodian market. It is expected to become operational by the end of 2015. In late 2013, Vinamilk invested US$7 million to buy a 70% stake in Driftwood Dairy Holding of the US, which specialises in producing milk products, fruit juice and snacks such as bread and cheese. In the same year, Vinamilk got a license to contribute 100% capital to establish a company in Poland that would operate in the fields of agricultural materials, milk and milk products, and food and beverages.... [read more]

On February 18, Vinamilk Board of Presidents approved a resolution to establish its subsidiary company and named CEO Mai Kieu Lien as its legal representative in Poland. In 2013, Vinamilk expanded its overseas operation through the opening of its subsidiaries in Cambodia, New Zealand and the US. In December 2013, Vinamilk invested US$7 million in the US-based Driftwood Dairy Holding Corporation to hold its 70% stake. Driftwood Dairy specialises in producing and supplying dairy products, fruit juices and fast food. Early this year, Vinamilk contributed 51% of a US$23 million project to build dairy products processing factory in Phnom Penh, Cambodia.... [read more]

Viet Nam News Would you believe that bonsai trees made from copper wire can be as beautiful as the real thing? Lê Duy Đức, manager of the Handmade Art page on Facebook, can confirm this is the case. Hoàng Trung Hiếu reports. Every Saturday or Sunday morning, at a café in Hà Nội's Long Biên District, Lê Duy Đức teaches his skills to a small group. "Bonsai trees made from artificial materials have been around for a long time, and I encountered the process back in 2005. At that time, I grew real bonsai. Once, when I went to buy scrap mental wire to shape my trees, I found a lot of small aluminum wire, so my original intention was to use this to wrap and shape the young branches of the bonsai. But then I had the idea of ​​making a tree out of the metal wire itself. "During my first attempts at this, I began to use copper wire. The wire I used most frequently was between 0.5 to 1mm in size," he said. Creating a bonsai out of copper wire is never a simple job. Before making a bonsai tree, in addition to preparing the necessary materials, the maker must have a specific idea in mind. "To make a product, the first thing, we should have an idea about what we will make. "We can't painstakingly make a product without determining the meaning and the shape of the work. The shape for the bonsai should be clearly…... [read more]

Thanks to its correct integration policy, Vietnam has established its diplomatic relations with 187 countries out of 193 members of the UN. It has built a network of strategic partnerships with 15 countries and comprehensive partnerships with 10 countries, including 5 permanent members of the UN Security Council. At the 29th diplomatic conference, Deputy Prime Minister and Foreign Minister Pham Binh Minh told VOV “We have established relations with many countries. Over 15 years, strategic or comprehensive partnership relations have been established. Within only 5 years, an additional 8 countries became Vietnam’s strategic partners.” Vietnam’s admission to ASEAN in July 1995 was a milestone in Vietnam’s integration process. Vietnam joined the Asia-Europe Meeting (ASEM) one year later and the Asia-Pacific Economic Cooperation (APEC) in 1998. The country’s membership of the World Trade Organization (WTO) in January 2007 marked Vietnam’s full integration in international institutions. In 2015, Vietnam and other ASEAN members formed an ASEAN Community. Former UN Resident Coordinator in Vietnam, Pratibha Mehta, said at the 29th diplomatic conference “I think the integration agenda of Vietnam is very strategized and clear. It’s pursuing integration very strategically and systematically. Vietnam is globally integrated. It’s already integrated in ASEAN and has joined so many groups like APEC. It has many robust agreements. Vietnam has the peacekeeping forces and has set up peacekeeping training centers. These are every important indications of the desire to prove Vietnam’s responsibility to the world community”. Vietnam has signed 12 Free Trade Agreements (FTAs) with 56 countries. Danish…... [read more]

A. Hello and welcome to VOV. I’m Ngoc Huyen B. I’am Nhat Quynh A. New Year 2017 is approaching, just a few hours left. B. Yes, we are saying good bye to 2016. At this very important moment, what can we say about our country Vietnam in retrospect? A. Good question. Was it a difficult, but fruitful year? It should mark the achievements of Vietnam’s integration process. B. Integration connects Vietnamese people with the world community. This has been significant for Vietnam during its 30 years of renewal. A. This means we will tell the story of Vietnam’s international integration in the last broadcast of the year 2016. B. Yes. We will look back at the harsh obstacles Vietnam has faced, and the pros and cons of international integration. B. Vietnam’s international integration began in 1986 when the Communist Party of Vietnam convened a national congress and initiated the renewal policy. Over the past 3 decades, Vietnam’s integration has undergone various stages: expanded cooperation, integration into the world economy, and proactive economic and integration. A. Vietnam has moved from integrating in the region into the world, from unilateralism to multilateralism, and from economics to all areas. B. Foreign friends have been impressed by Vietnam’s expanded integration in international institutions and its bilateral and multilateral diplomacy. Coming up next a story entitled “Enhancing Vietnam’s stature in an indefinite world” by Anh Huyen. Thanks to its correct integration policy, Vietnam has established its diplomatic relations with 187 countries out of 193 members…... [read more]

The Hanoitimes - Many Vietnamese enterprises have branched out to the world and made contribution to bringing Vietnamese brands closer to international consumers. Quality improvement, joint-venturing or direct investment in constructing plants, merger & acquisition, etc. are strategies that domestic enterprises are applying to branch out to the world.Products “made in Vietnam” sold in U.S. supermarkets In late June, at the Summer Fancy Food Show (New York, United States), Vietnam Dairy Products Joint Stock Company (Vinamilk) introduced two dairy products manufactured in Vietnam, including condensed milk and creamer in the United States. Immediately after the Fair, the two products were present in supermarkets in Arizona and California State, marking a new progressive step in the plan to bring dairy products “made in Vietnam” to the world market. To be able to bring dairy products “made in Vietnam” to supermarkets in one of the world's dairy powers, Vinamilk has utilized its subsidiary company - Driftwood Dairy in California State. The acquisition of a dairy manufacturing plant in the United States (Driftwood) surprised many people because the United States is a power in manufacturing and processing dairy products with thousands of brands and fierce competition. That a dairy company of Vietnam acquires a U.S. dairy brand which has existed for hundreds of years and is suffering loss is an adventurous investment. According to the leaders of Vinamilk, the time when this Company purchased 70% of the share of Driftwood Dairy at US$ 7 million in 2013 was when this company encountered financial…... [read more]

The Hanoitimes - That is the sharing of Ms. Mai Kieu Lien - General Director of Vinamilk when talking about the ambition to help the company branch out in the globe and become one of the top 50 dairy companies in the next three years. Ms. Mai Kieu Lien is the "captain" of Vinamilk for up to 26 years. Ms. Mai Kieu Lien said the history of Vinamilk is attached to the history of development and renovation of the country after the reunion day. The development of Vinamilk to date still surprises many people. There is also opinion that the success of the enterprise is thanks to the State. Working for Vinamilk for four decades and is the "captain" of Vinamilk for up to 26 years, you may have a lot of experience to share with Vietnamese enterprises about how to branch out to the world? - To branch out, the reality has showed me that we need to become an expert in that sector in the international scale. To realize it, the knowledge is very important. At that time, we can decide what we should do and when will we do it? How we can “envisage" the future? If we do not have knowledge, it will be very difficult, especially in the current context of the globalization. I think that Vietnamese enterprises who have knowledge and know how to creatively apply it in accordance with their criteria will have opportunities. It is also one of the 6 cultural principles…... [read more]

Vietnam Dairy Products Joint-Stock Co., the nation’s largest dairy producer, is expanding rapidly overseas in a bid to boost its annual revenue to US$3 billion in 2017. Last year, Vinamilk posted US$1.7 billion in revenue, up 14% year-on-year and close to its US$2 billion target. If it hits the revenue target in 2017, Vinamilk will break into the list of the top 50 milk producers in the world. The dairy firm has also set a growth target of 8% over the next five years by expanding in the domestic market and boosting exports. Under the plan, Vinamilk will expand its overseas business to account for half of its total revenue in the next five years. The dairy firm has unveiled plans to gain a strong foothold in Asia through mergers and acquisitions after 40 years of focusing on the domestic market. Vinamilk is speeding up its international expansion through acquisitions and investments in local dairy plants, including the purchase of a 22.8% stake in the Miraka plant in New Zealand, a 70% stake in Driftwood, a U.S producer, and a 51% stake in the Angkor plant in Cambodia. The Vietnamese dairy firm reported revenue of over US$1 billion in the first half of 2016 and US$222.6 million in net profit, up 33% from the same period last year. State investment arm SCIC, which holds a 44.7% stake in Vinamilk, said it will sell a 9% stake in Vinamilk for at least US$829 million on December 12, offering a minimum bidding…... [read more]

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