FDI firms provide forthright advice

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As the business community has entered 2014 with new hopes and plans, VIR talks with executives of foreign firms about their expectations on FDI policy improvements. Crispin Bui IBM ASEAN executive and general business manager of IBM Vietnam Since its official return to Vietnam in 1996 as a 100 per cent foreign-invested IT company, IBM has grown fast in the market with serious long-term commitment and focused investments from the corporation. In the past few years, like other investors, we … [Read more...]

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Foreign investors yet to take root

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Although the Red River Delta is an attractive venue for drawing foreign investors in livestock sector, there appears to be an urgent need for better incentives to lure more overseas capital, as VIR's Thanh Thu reports. In early October 2012, US' Cargill Vietnam's ninth Vietnam-based animal feed mill in northern Ha Nam province officially came into operation, with and total investment capital of $18 million and the capability of producing 240,000 tonnes of feed per year. This is the … [Read more...]

BUSINESS IN BRIEF 18/9

US stimulus buoys local shares Stocks on the HCM City Stock Exchange posted modest gains over the course of last week but declined in Ha Noi despite a strong performance on Friday driven in part by the positive response of world markets to the announcement of a new round of US stimulus measures. The US Federal Reserve said last week that it would pump US$40 billion into the economy each month through a bond-buying progamme already being referred to as QE3 (the bank's third round of … [Read more...]

Tongwei’s appetite to succeed

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China-backed Tongwei Company has inaugurated Tongwei animal feed factory in the northern Hai Duong province's Lai Cach industrial zone. The $10 million factory, covering 30,000 square metres, is equipped with the latest technology to process food for domestic animals. The new facility has a designed capacity of 200,000 tonnes per year. … [Read more...]

BUSINESS IN BRIEF 12/7

Strawberry, artichoke cultivated area decreased in Da Lat Recently, the cultivated area under strawberry and artichoke, both famous specialties of Da Lat City, has been decreased due to unstable price factors and spread of plant disease. Ho Ngoc Dinh, chairman of the Farmer's Association of Ward 12 in Thai Phien village in Da Lat City said that the village now has only 40 hectares under artichoke cultivation, a decrease by 10 hectares since last year. From 1997 to 1999, artichoke … [Read more...]

Feed producers’ big appetites

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Many foreign animal feed producers are increasing investment in Vietnam to meet the industry’s rich potential.Japfa Comfeed Vietnam, an affiliate of Japfa - one of Indonesia’s leading groups in producing and trading animal feed and breeding animals, started work on its fifth animal feed factory in Vietnam, with the 7.6 hectare plant in northern Hoa Binh province coming with a VND600 billion ($28.8 million) price tag. “With huge development potential of the animal feed industry … [Read more...]