Thai rice exporters

SCG headquarters in Bang Sue District, Bangkok, Thailand. — Photo courtesy of SCG After buying Duy Tan Plastic Corporation, Thailand’s Siam Cement Group (SCG) is cementing its domination of Viet Nam’s plastic production industry. Under the contract signed on February 9 via a virtual conference, Duy Tan will sell 70 per cent of its shares in five of total twenty-two subsidiary companies, including Duy Tan Plastic Manufacturing Corporation and Duy Tan Long An Corporation, to SCG’s SCG Packaging, Duy Tan said. Duy Tan Plastic is a leading company in the plastic goods market in Viet Nam with revenue of VND4.7 trillion in 2020. It has nearly 1,000 commodities units and 16,000 distribution agents across the country. The company’s annual capacity reaches 116,000 tonnes of hard plastic packaging and plastic goods. SCG, Thailand’s largest cement producer, will buy the stakes over three years, starting from 2021. The deal takes a long time as it is based on business results, Duy Tan Plastic said. Through the deal, SCG and Duy Tan Plastic want to create a solid foundation for a completed supply chain. Duy Tan Plastic aims at developing hard plastic packaging products, plastic goods and expanding export markets, while the investments help SCG Packaging broaden its hard plastic packaging businesses in ASEAN, especially strengthen capacity to serve FMCG producers and consumers in Viet Nam. The deal is a part of SCG’s investment plan worth 10 billion baht (US$334 million) to extend its businesses in Viet Nam that has big and growing demands in plastic packaging products. Wichan Jitpukdee, CEO of SCG Packaging, said that the company will keep investing in Viet Nam, resulting in revenue growth of over 10 per cent each year. Dominating Viet Nam’s plastic production industry The plastic production industry in Viet Nam has around 3,300 enterprises with total value of approximately US$18 billion. The upstream sector of this industry includes petrochemical …

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SCG headquarters in Bang Sue District, Bangkok, Thailand. — Photo courtesy of SCG HÀ NỘI — After buying Duy Tân Plastic Corporation, Thailand’s Siam Cement Group (SCG) is cementing its domination of Việt Nam’s plastic production industry. Under the contract signed on February 9 via a virtual conference, Duy Tân will sell 70 per cent of its shares in five of total twenty-two subsidiary companies, including Duy Tân Plastic Manufacturing Corporation and Duy Tân Long An Corporation, to SCG’s SCG Packaging, Duy Tân said. Duy Tân Plastic is a leading company in the plastic goods market in Việt Nam with revenue of VNĐ4.7 trillion in 2020. It has nearly 1,000 commodities units and 16,000 distribution agents across the country. The company’s annual capacity reaches 116,000 tonnes of hard plastic packaging and plastic goods. SCG, Thailand’s largest cement producer, will buy the stakes over three years, starting from 2021. The deal takes a long time as it is based on business results, Duy Tân Plastic said. Through the deal, SCG and Duy Tân Plastic want to create a solid foundation for a completed supply chain. Duy Tân Plastic aims at developing hard plastic packaging products, plastic goods and expanding export markets, while the investments help SCG Packaging broaden its hard plastic packaging businesses in ASEAN, especially strengthen capacity to serve FMCG producers and consumers in Việt Nam. The deal is a part of SCG’s investment plan worth 10 billion baht (US$334 million) to extend its businesses in Việt Nam that has big and growing demands in plastic packaging products. Wichan Jitpukdee, CEO of SCG Packaging, said that the company will keep investing in Việt Nam, resulting in revenue growth of over 10 per cent each year. Dominating Việt Nam’s plastic production industry The plastic production industry in Việt Nam has around 3,300 enterprises with total value of approximately US$18 billion. The upstream sector of this industry includes …

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VIETNAM BUSINESS NEWS Rice exports enjoy opportunities for breakthrough in 2021 High hopes are pinned on Vietnam’s rice exports in 2021 when major export markets such as the Philippines and Africa continue to sign contracts to buy rice from Vietnam, while many others have great demand for fragrant rice and sticky rice – which are advantageous staples of Vietnamese enterprises. The bilateral and multilateral free trade agreements between Vietnam and other countries such as the EU-Vietnam and the UK-Vietnam FTAs with preferential tariffs would create favourable conditions for Vietnamese rice to compete with that from rival countries, the Vietnam Food Association said. According to the Vietnamese Trade Counsellor in the UK Nguyen Canh Cuong, rice shipments to the country this year will sharply rise against 2020. He added more UK firms will purchase Vietnamese rice under the UK-Vietnam FTA, creating a chance for Vietnamese rice to expand its market share in the UK this year. In 2019, rice exports from Vietnam to the UK had a leap forward with a turnover growth of 376 percent. That meant the UK has great potential as a rice export market for Vietnam. In order to tap into the advantages under FTAs, rice export giants such as Intimex JSC, Loc Troi Group, VRICE Co, Trung An High Technology Agriculture JSC are planning to seek new customers in markets where Vietnam had signed FTAs, especially in the UK. The Ministry of Industry and Trade said it would provide rice export firms with information about the market demand situation in a timely manner while implementing trade promotion activities to help Vietnamese rice exporters better access customers. Detailed information about the regulations and barriers under these FTAs’ commitments will be also offered by the ministry so that businesses can improve their understanding and draw up suitable business plans. As part of its efforts to facilitate Vietnam's rice exports, the VAF has built up online sales …

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