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Immuno oncology companies

/ February 18, 2021

American genetic testing company Genetica to expand operations in Vietnam

MVV Entrepreneur Academy CEO Bui Duc Quan (left) and Genetica CEO Nguyen Thi Nhu Quynh sign a contract to deploy the Everlearn system Genetica is an Artificial Intelligence Applied Genomic Testing company advised by a team of scientists from leading universities such as UCSF, Harvard, Stanford, and Cornell. In partnership with Illumina and Thermo Fisher - two of the world's leading gene-decoding organizations, Genetica can analyze and decode genes for Asians to help the nurture and education planning of children, personalized nutrition, exercise, and sickness prevention plans, including 18 common cancers in Vietnam and Asia. GENETICA® is a combination of artificial intelligence and expert analysis to decode genes. Through Genetica, the company expects that Asians and Vietnamese people, in particular, will have their genetic map and at a certain point. When it comes to "gene decoding", people will immediately think of GENETICA® - the exclusive technology of the Genetica company. To put its vision into practice, in its 2021 market expansion plan, Genetica has selected the MVV Entrepreneur Academy's Everlearn Learning Experience Management platform to deliver a sales capability development program for its partners in a quick, synchronous, and cost-saving manner. The system also supports the co-founders' efforts to make Genetica a cutting-edge learning institution. Accordingly, the Everlearn Learning Suite team has designed and built a series of online lessons about introducing products with 10 specialized sales training topics specifically for strategic partners of Genetica. The content on the system is available in many formats, including videos, SCORM (standard interactive lecture), infographic images, PowerPoint presentations, PDF materials, etc… It is also easy to access via Internet-connected smart devices (such as smartphones, iPads, or laptops). In 2021, other learning topics like industry knowledge, soft skills, and leadership will also be …

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/ February 18, 2021

Thai company to buy 70 pct of Vietnamese plastic giant

SCG Packaging Public Company Ltd (SCGP) said in a statement the deal, whose value it did not disclose, is expected to be completed in mid-2021. Duy Tan is Vietnam’s largest producer of rigid plastic packaging products such as shampoo and food containers, of which it sells 80 percent locally and exports the rest to the U.S. and some other countries. It also makes plastic housewares products and has a total annual capacity of 116,000 tons. Last year it earned revenues of VND4.7 trillion ($204 million). The investment in Duy Tan is part of SCGP’s expansion across Southeast Asia. It has 43 packaging plants in Vietnam, Indonesia, Malaysia, the Philippines, and Thailand. It plans to invest 10 billion baht ($333 million) in its Vietnamese packaging solutions business. Chief executive Wichan Jitpukdee said the company has consistently been increasing its investment in Vietnam, achieving revenue growth of more than 10 percent a year. In December, it acquired a 94 percent stake in Bien Hoa Packaging , a producer of corrugated paper and offset laminated packaging. In 2015, it had invested in Tin Thanh Packing Joint Stock Company, one of the five largest flexible packaging producers in Vietnam. In 2009, it had established Vina Kraft Paper in Binh Duong Province to produce 500,000 tons of packaging paper annually. …

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/ February 25, 2021

Food company reports 300 pct profit rise

The Lunar New Year festival (Tet) falls in February. Revenues doubled to VND1.1 trillion ($47.8 million). The company targets profits of VND800 billion on sales of VND11.5 trillion for the full year. In April, Kido Beverage Joint Venture Company (Vibev), its joint venture with dairy behemoth Vinamilk, will start producing ice creams and non-carbonated drinks. Vibev is expected to earn revenues of VND2 trillion ($86.6 million) in its first year. In 2021, KIDO aims to diversify its cooking oil range and improve its supply chain. Its goals are to be the leading company in the edible oil market and remain the largest player in the ice cream market. It had 43.5 percent of the ice cream market share in 2020, according to market research firm Euromonitor. It plans to introduce new confectionery products and expand moon cake sales in 2021 after reentering the confectionery market following a five-year absence. …

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