Sealaska corporation revenue

Masan MEATLife (HSX:MML) saw the strongest growth in the first half of the year, with an increase of 70 per cent to just under than $140 million. According to a recent financial statement, MML has just added the revenue of sausage and canned pork processor Masan Jinju ((HSX:MSJ). However, due to rising costs, MML reported $14.7 million in after-tax losses, 10.5 times the amount reported for the same period last year. The business results of Hoang Anh Gia Lai JSC (HSX:HAG) were also much better than others. In August, HAG gained $27.8 million in net revenue, including $14.3 million from fruits, $7.7 million from livestock, and others. HAG chairman Doan Nguyen Duc thanked three core areas for the results, breeding pigs and growing bananas and durian. "We are fiercely reviving the company for the sake of personal honour and for our shareholders," said Duc. In the first half of the year, HAG generated about $132.5 million in revenue, an increase of 55 per cent on-year, of this, pig … [Read more...] about Agricultural sector sees mixed results

Vinacomin cleared its short-term loan balances by the end of last year For the first half of this year, the group (Vinacomin) reportedly produced 20 million tonnes of raw coal, 25 million tonnes of commercial clean coal, and unloaded 64 million cubic metres of rock and soil, consuming 25.3 million tonnes of coal. In the same period, the group provided more than 21 million tonnes of coal for electricity production, reaching 55 per cent of the plan; increased by 16 per cent, equivalent to an increase of 3 million tonnes compared to the same period in 2022. The first 6-month revenue of the group is estimated to have reached nearly $3.7 billion. With contracts signed for the rest of the year, the amount of coal supplied is about 18.75 million tonnes and the whole year is expected to reach 39.7 million tonnes, an increase of about 1.2 million tonnes compared to the previous year. This is mainly due to the increase in volume of build-operate-transfer thermal power plants and … [Read more...] about Vinacomin navigating to ensure efficiency

How does the Commission for Management of State Capital at Enterprises (CMSC) extend support and critical advisements to the VIMC? Le Quang Trung, deputy general director of VIMC and vice chairman of the Vietnam Logistics Business Association The symbiotic association and support extended by CMSC to businesses, especially the VIMC, is immense and substantial. Every project we undertake, be it short-term or enduring, bears the unmistakable imprint of CMSC’s support, enabling us to overcome various challenges, notably during exceptional periods such as the recent pandemic. CMSC’s partnership has been crucial, aiding us in overcoming challenges related to capital mobilisation and ensuring the smooth implementation of projects. A notable instance is their contribution to the financial and operational restructuring project of SP-PSA, one of our crucial joint venture ports. With the indispensable support from CMSC, we were able to conduct successful negotiations with … [Read more...] about SOE issues can be solved with support

Cold storage supply remains behind requirements, illustration photo/ Source: freepik.com The country’s cold storage industry is expected to reach a value of $295 million by 2025, with an annual growth rate of 12 percentage points, according to Savills Vietnam. At the end of August, Hau Giang Cold Storage Logistic Co., Ltd. started construction on its first outsourcing cold storage project in the same province. The scheme includes six cold storages equivalent to a capacity of 88,000 tonnes. With an estimated investment of around $21.7 million, the project will use modern technology from the EU and applying digital management. It is scheduled to be ready for operations by 2027. A Savills Vietnam report released in August shows that, although it only accounts for 11.4 per cent of the total number of transactions in the industrial real estate segment, the cold storage real estate market recorded an annual growth rate of nearly 30 per cent from 2017 to 2022, far exceeding … [Read more...] about Cold storage supply remains behind requirements

Vietnam’s logistics industry has been one of the fastest-expanding areas boosted by the country’s GDP over the years, and the country’s rising manufacturing and e-commerce have also contributed to this growth. Pritesh Samuel - Head of Business Intelligence at Dezan Shira & Associates Vietnam’s aim to develop itself as an export-driven economy is another reason why logistics play a vital role in supporting economic growth and facilitating trade. In fact, the total export and import turnover of goods in the first six months of 2023 reached $316.65 billion. Aviation, maritime, and road networks contribute to the bulk of freight. Vietnam’s ports handled around 733.18 million tonnes of cargo in 2022, this increase was up by 4 per cent compared to 2021. Container throughput was estimated at 25.09 million TEU, up 5 per cent from 2021. The volume of cargo transported by road was 1.2 billion tonnes in 2021. Goods are mainly transported by road transport, which accounts … [Read more...] about The growth drivers for logistics arena