With the average increase of 1 per cent per year, Vietnam Dairy Products JSC (Vinamilk) expects that its dairy products will capture 60 per cent of the domestic market in the next five years. Vinamilk sets the target to make up 60 per cent of market share This was announced by Mai Kieu Lieu, general director of Vinamilk, at the firm’s 2018 annual shareholders’ meeting on March 31. According to Lien, the dairy sector in general sees an increase of 5-7 per cent and Vinamilk has built plans to exceed this figure. Especially, it set the target to reach an increase of 8 per cent in exports. On this occasion, Vinamilk saw the addition of two more members to the board of directors, including Alain Xavier Cany, head of representatives of Jardine Matheson Limited in Vietnam, which is the subsidiary of Automotive giant Jardine Cycle & Carriage (JC&C). The other member is Nguyen Chi Thanh, deputy general director of State Capital Investment Corporation (SCIC). … [Read more...] about Vinamilk targets increasing market share to 60 per cent
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Vietnamese stock market breaks 11-year record
Vietnam shares scaled a record high on Monday on the back of gains in financials and real estate stocks, while most other Southeast Asian markets started April on a sombre note. The benchmark Vietnam index rose as much as 1.1 percent to an all-time high of 1,187.55, and has risen more than 20 percent so far this year following a 48 percent gain last year. Real estate firm Vingroup JSC climbed as much as 1.8 percent to a new high and was the biggest contributor to the main index's gain. On March 22, Vietnam's stock market rose by 0.92 percent y to close at more than 1,180 points, the highest since the record of 1.179 points set in 2007. Philippine shares were little changed in choppy trade with financials being the top losers. The decline in the financials was due to the pricing of the rights issue of Bank of the Philippine Islands, said Eagle Equities President Joseph Roxas. Bank of the Philippine Islands priced its rights issue at 89.5 pesos per share, a 23.5 percent discount to … [Read more...] about Vietnamese stock market breaks 11-year record
Imports, domestically assembled cars in battle for market share
Imported CBU (completely built unit) cars are expected to flood Vietnam, as domestic automobile manufacturers prepare to launch new models. Domestic automobile manufacturers plan to launch new models The Ministry of Transport (MOT) has stirred up the market by accepting an Indonesian Vehicle Type Approval (VTA) certificate. Three imported cars from Indonesia arrived last week from March 16-22. Prior to that, a large quantity of Thailand sourced cars were reportedly docked at Vietnam’s ports, ready for delivery after customs clearance. While importers rush to import cars, domestic automobile manufacturers have geared up with their production plans. VinFast, a newcomer in the market, has announced a plan to manufacture two more small-size petrol-run and electricity-run models, scheduled to hit the market in 2019. Hyundai Thanh Cong and Hyundai Group in South Korea have signed an MOU on building a new factory in 2019 which will help increase output for exports. … [Read more...] about Imports, domestically assembled cars in battle for market share
Blue-chips expected to support market
The VN-Index underwent a positive trading week with modest gains in four of five sessions last week, and is expected to keep its upward trend momentum thanks to the support of some prominent bluechips. The VN-Index on the HCM Stock Exchange advanced 0.64 per cent to close at 1,174.46 points on Friday. The index had the 7th consecutive gaining month and week. In total, it gained 1.9 per cent last week and 4.6 per cent in March. During the first quarter of 2018, the index gained 19 per cent after increasing strongly 22 per cent in the fourth quarter of 2017. According to Bao Viet Securities (BVSC), the index will likely retest the score around 1,178 next week. In a positive scenario, the index could approach the new high range at 1,220-1,250 in the short-term. “However, we still open a possibility that the index will move sideways at below the score 1,178 in some sessions before moving up,” BVSC said in its Friday report. The minor HNX Index on the Ha Noi Stock Exchange … [Read more...] about Blue-chips expected to support market
Real estate market to prosper thanks to stock upswing
VietNamNet Bridge - The Vietnamese stock market is in the “most optimistic situation in the last 11 years”, according to analysts. The listing can bring big benefits to real estate firms Nguyen Huu Quang, deputy CEO of Netland Investment, said it plans to organize roadshows in late March in Hanoi and HCMC to introduce NRC shares to investors. Analysts said the listing can bring big benefits to real estate firms, and that now is the golden time for them to list as the stock market has been prospering. In August 2017, Netland acquired 95 percent of shares of Danh Khoi Real Estate JSC, one of the major real estate distribution company. RELATED NEWS What’s behind the strong performance of the stock market in 2017? USD continue to flow into stock market Kim Chi … [Read more...] about Real estate market to prosper thanks to stock upswing