Kido, Vinamilk invest $17.5 mln into new beverage venture

Kido, Vinamilk invest $17.5 mln into new beverage venture Packaged food producer Kido and dairy giant Vinamilk will invest VND400 billion ($17.49 million) in a new beverage company that targets an increased domestic market share. The nation’s largest dairy company in Vietnam, Vinamilk will have a 51 percent share in Vibev, the new company, and […]

Vinamilk records great performance last year despite COVID-19

Vinamilk records great performance last year despite COVID-19 HÀ NỘI — Việt Nam Dairy Products JSC – Vinamilk (VNM), the largest dairy company in Việt Nam, posted a gain in revenue and profit in the fourth quarter of last year and the whole of 2020 despite disruptions due to COVID-19. Vinamilk’s fourth quarter financial report showed an […]

Thai cement giant to buy seventh Vietnamese packaging firm

Thai cement giant to buy seventh Vietnamese packaging firm   A subsidiary of Thailand’s SCG Group has registered to buy a 94.1 percent stake in Vietnam’s Bien Hoa Packaging Jsc. The deal, if successful, will increase the number of Vietnamese packaging companies owned by Siam Cement Group Public Company Limited (SCG Group) to seven. TCG […]

SCGP inks partnership in Vietnam

SCGP inks partnership in Vietnam Promising record of revenue growth SCG Packaging (SCGP) is joining hands with its Vietnamese partners under a 10-billion-baht investment to expand its packaging solution business in Vietnam, where demand for packaging products is growing. The latest move is the signing of a share purchase agreement yesterday to acquire a 70% […]

High domestic demand for Vietnamese pomelo leads to export pressure

High domestic demand for Vietnamese pomelo leads to export pressure Last season, Vietnamese pomelo production reduced significantly due to unfavorable weather conditions. The fruit had been in high demand  since last September but, as the Vietnamese New Year is coming soon, pomelos, especially the Hồ Lô” pomelo, are selling very fast and there is a […]

Recycled packaging: A key part of circular economy

Recycled packaging: A key part of circular economy Amid the current waste crisis, the adoption of the circular economy is one of the effective measures to prevent post-consumer plastic packaging from being discharged into the environment. That means used plastic bottles can be collected and recycled into new ones that are safe to re-use. In […]

Toolcraft Adopts Fraunhofer ILT’s Ultra High-Speed EHLA 3D Printing Technology

Toolcraft Adopts Fraunhofer ILT’s Ultra High-Speed EHLA 3D Printing Technology The Fraunhofer Institute for Laser Technology (ILT) has announced that its patented Extreme High Speed Laser Material Deposition (EHLA) 3D printing technology has been adopted by manufacturing service bureau Toolcraft. The Franconia-based SME initially dabbled with additive manufacturing in 2011, when it invested in its […]

The Vietnamese Ink Industry Continues to Enjoy Growth

The Vietnamese Ink Industry Continues to Enjoy Growth According to various estimates, there are 2,000+ printing companies in Vietnam, mostly dedicated to industrial packaging and label printing. Vietnam has registered one of the fastest economic growths in the South East Asia region. Rapid economic expansion and increased consumption have come as a boon to domestic […]

Japan’s Fujifilm to produce COVID-19 antigen test kits in Vietnam​

Japan’s Fujifilm to produce COVID-19 antigen test kits in Vietnam​ Japanese precision chemistry firm Fujifilm Corp. is planning to expand its production facilities in Vietnam to make SARS-CoV-2 antigen test kits to serve the global markets. Japanese precision chemistry firm Fujifilm Corp. is planning to expand its production facilities in Vietnam to make SARS-CoV-2 antigen test kits to […]

Retail market size to hit $350 bln by 2025

Retail market size to hit $350 bln by 2025 An expanding middle class and increased incomes will see Vietnam’s retail and services revenues rise 1.6 times from that of 2020 to $350 billion by 2025. The revenues reached VND5,060 trillion ($219.6 billion) in 2020 and is set to record a growth rate of 9-9.5 percent […]