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 children and targets a niche market. However, though the Vietnam dairy industry has been witnessing high growth rate of 15-17%, the domestic market is now compared to a shirt which has become too tight for leaders. Vinamilk’s CEO Mai Kieu Lien once said that gaining 1-2% of the domestic market share would be a victory. Therefore, conquering foreign markets, especially the US, if successful, will help Vinamilk and NutiFood in the world dairy producers’ map. Vinamilk took over the Driftwood dairy factory in the US in 2016 and began conquering the market. NutiFood… [Read full story]
Recently, UBS Group AG and PwC launched their joint deep dive report, "The changing faces of billionaires," which explores the role of women in building lasting financial legacies and how wealth is preserved across multiple generations. The report’s findings, which build upon UBS/PwC’s 2015 Billionaires Report released last May, "Master architects of great wealth and lasting legacies," revealed that the number of female billionaires is growing faster than the number of their male counterparts. Women have been controlling greater average wealth than men and becoming more influential in family businesses, philanthropic enterprises and governance. The report also highlights the fleeting…... [read more]
Another serviced apartment building to enter market By Dinh Dung - The Saigon Times Daily HCMC – Saigon Apartments Joint Venture Co. will put into operation its Saigon Mansion serviced apartment project next month, with CB Richard Ellis Vietnam Co. (CBRE) already chosen as the exclusive marketing unit for the building. Located on Vo Van Tan Street in HCMC’s District 3, the Saigon Mansion has 72 units on 18 floors with one to three bedrooms. The building will also have offices for lease, retail space, and utilities such as swimming pool, gym, and restaurant. The developer expects the project will…... [read more]
(VEN) - A Vietnamese Trademark Development Association officially made its debut in Kissarazu in Chiba Province, Japan in late January. The association is expected to create more favorable conditions for Vietnamese goods to enter Japan. Vietnamese fruits, frozen shrimp, processed seafood, rice and mechanical products have attracted Japanese consumers. Textiles and garments and wood product businesses will be able to increase their exports to Japan if they diversify their range of goods and improve product design. According to the Vietnam-Japan Economic Partnership Agreement (VJEPA) that took effect in October 2009, many Vietnamese exports to Japan are subject to a 0-5…... [read more]
VietNamNet Bridge - Holding huge assets worth billions of dollars, these Vietnamese billionaires are not on the world’s lists of billionaires because the information about their assets has not been exposed to the public.1. Bui Thanh Nhon, president of NoVa Real Estate Investment Group, Anova Group. After graduating from college in the US, Nhon returned to Vietnam and started his business with veterinary medicine trade through Thanh Nhon Trading, which later was split into two large conglomerates – Novaland Group and Anova Corporation, operating in veterinary medicine, chemicals and input pharmacy materials. Holding huge assets worth billions of dollars, these…... [read more]
The Vietnamese Embassy has asked Singapore’s Immigration and Checkpoints Authority (ICA) to create the best possible conditions for Vietnamese nationals to enter. During the working session with the ICA on July 24, the embassy also requested Singapore prepare interpreters to help Vietnamese citizens complete entry procedures while demanding agencies at Changi Airport respect those from Vietnam, the Minister- Counsellor of the Vietnamese Embassy Nguyen Minh Hang told Vietnam News Agency correspondents. The ICA agreed on the abovementioned proposals and pledged to increase information exchanges and coordination with the embassy and airlines which operate flights between the two countries to facilitate…... [read more]
