TH Group imports 1,800 more dairy cows from US Vietnamese dairy firm TH True Milk (TH Group) on October 14 received nearly 1,800 dairy cows of 3 or 5-month pregnancy which were inseminated through embryo transfer from US’ high-yield dairy cow Holstein Friesian. This is the largest herd of cows that TH has imported from the US so far. The group’s husbandry experts carefully examined standards related to origin, genealogy, genetic potential, appearance, physical strength, potential for milk production and ability to fight diseases in the tropical region. All individuals in the herd weigh 400-500 kg and are expected to produce 12,000 litres per head each 305 days on average. Milk production from these cows will begin in January 2019. According to Tal Cohen, General Director of the TH Milk Food Joint Stock Company - the management unit of the TH dairy cow farm, TH Group imported 1,300 dairy cows from the US in April 2017 for the first time. It also imported … [Read more...] about BUSINESS NEWS IN BRIEF 20/10
Co op contract of sale
BUSINESS NEWS IN BRIEF 19/10
Norwegian solar companies seek cooperation opportunity in Vietnam A group of Norway’s leading solar companies attended a Norwegian Solar Seminar in Hanoi on October 15 to look for cooperation opportunities with local partners in the solar energy sector. The event is co-organized by Royal Norwegian Embassy and Power Engineering Consulting Joint Stock Company 1 (PECC1), under the Electricity of Vietnam (EVN) with the attendance of Norweiginan Ambassador designate, Ms Grete Lochen, Commercial Counsellor Mr Harald Naevdal, General Director of EVN PECC1 Mr Pham Nguyen Hung, representatives from the Ministry of Industry and Trade, and over 70 participants from the EVN and its subsidiaries, independent power plant owners, construction companies, private investors from Vietnam and Laos, suppliers and consultants and other stakeholders. At the seminar, an energy consultant of the World Bank presents an overview of Vietnam’s solar energy, highlighting the achievements of … [Read more...] about BUSINESS NEWS IN BRIEF 19/10
BUSINESS NEWS IN BRIEF 14/10
Mekong delta promotes Agritourism with farmer participation The travel industry in the Mekong delta has lately taken off with more holiday-makers, increased revenue and more farmer participation. Dong Thap province at the heart of the Mekong Delta is one of provinces with most farmer participating in agri-tourism. Nguyen Be Tu, owner of Tu ca Linh a 3-hectare agritourism farm in Tam Nong District said in these days, many holiday-makers phoned to experience flood season in Dong Thap Muoi when they can enjoy fishing linh fish and other species of animals. Before, Tu family just work on paddy fields and lotus field. After he was sent to visit agritourism farm models in other places, he decided to invest in 3 hectare lotus field into homestay tourism farm. Visitors can live in thatched houses next to lotus fields to breath fresh air and enjoy nature and landscape. Visitors can drain ditches for fish, pick up vegetables and live with kind inhabitants. Owner Tu engaged in agritourism for … [Read more...] about BUSINESS NEWS IN BRIEF 14/10
High rents hamper retail growth
A Family Mart store in HCM City’s District 3. The high rent prices in Vietnamese cities are a hurdle to convenience stores’ expansion in the country. — VNS Photo Hoang Nguyen Retail companies are racing to expand but are challenged by high rental costs in major cities. Nguoi Lao Dong (The Labourer) newspaper quoted a Jones Lang LaSalle Q1 report on the property market as saying that in HCM City the number of convenience stores exceeded 1,800 by the end of March. They now occupy a combined 270,000sq.m of floor space. Viet Nam is forecast to be the fastest-growing convenience store market in Asia until 2021 with a growth rate of 37.4 per cent, according to international grocery research organisation IGD. Competition between local and international players would therefore be “fierce”, it said. Foreign chains currently dominate the market with major brands like Family Mart from Japan, Circle K from the US and two Asian brands, Shop&Go and B’s mart, … [Read more...] about High rents hamper retail growth
High rent hampers retail growth
Viet Nam News HCM CITY — Retail companies are racing to expand but are challenged by high rental costs in major cities. Người Lao Động (The Labourer) newspaper quoted a Jones Lang LaSalle Q1 report on the property market as saying that in HCM City the number of convenience stores exceeded 1,800 by the end of March. They now occupy a combined 270,000sq.m of floor space. Việt Nam is forecast to be the fastest-growing convenience store market in Asia until 2021 with a growth rate of 37.4 per cent, according to international grocery research organisation IGD. Competition between local and international players would therefore be “fierce”, it said. Foreign chains currently dominate the market with major brands like Family Mart from Japan, Circle K from the US and two Asian brands, Shop&Go and B’s mart, making up 70 per cent of all convenience stores. GS25, a South Korean chain, recently entered the market and targets opening … [Read more...] about High rent hampers retail growth