Agricultural sector

Loc Troi Group Jsc based in the Mekong Delta province of An Giang saw post-tax profits plummet by 55 percent year-on-year to VND116 billion ($5 million), and revenues by half to VND2.2 trillion ($94.73 million). … [Read more...] about Pesticide producers’ profits plummet as Covid-19 hits farming

Phu Quoc currently has some 300 investment projects, primarily in tourism and services, which accounts for 70 percent of the district’s GDP. At the same time, up to 70 percent of the district’s population, which currently stands at 147,000 people, are working in non-agricultural sectors. … [Read more...] about Phu Quoc longs to become Vietnam’s first island city

Arisaig Partner first invested in Vinamilk in 2002 via a direct auction and then sold this stake in 2009. After that – and following the financial crisis – it resumed its investment in Vinamilk. According to the annual report of Vinamilk, Arisaig Asia is the fifth-largest shareholder of the local dairy producer with the ownership of 28.8 million shares or 1.65 per cent. With the existing price of VND100,000 ($4.35) per share, the stake is valued at VND2.9 trillion ($126 million). … [Read more...] about Arisaig Partner divests Vinamilk to invest in Sabeco and MWG

During a meeting with a working group from the Ministry of Agriculture and Rural Development (MARD) in Bạc Liêu on Wednesday (July 29), Vương Phương Nam, deputy chairman of the province’s People’s Committee, said that besides rice, aquaculture has conditions for sustainable development and contributes an important role in socio-economic development. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 11