Latest blog articles
Vietnamese food and beverage behemoth Masan to attack ASEAN market
At the company's AGM on April 26, Masan Consumer revealed its strategy to enlarge its market share throughout the region from this year to achieve double digit growth and a revenue of $5 billion by 2020.
Seokhee Won, general director of Masan Consumer, said that in the past three years, Masan Consumer has witnessed a slowdown in revenue and profits due to the saturated domestic market, so foreign markets are the next strategy.
“In the ASEAN market, we will reinforce Masan’s brand in five Southeast Asian countries with 250 million consumers by providing Masan’s quality products, not only fish sauce and seasoning, but also coffee,” he underlined.
Masan plans to bring its products to the regional market. Photo by VnExpress
Won said Thailand's 160 million consumers will be the first target with local partner Singha Group, and Masan expects it can surpass Thaibev and become the market leader.
Masan expects to have its products in every ASEAN household by 2020 with revenue of $5 billion.
Masan Consumer reported revenue of VND13.2 trillion ($594 million) and post-tax profit of VND2.9 trillion ($130 million) in 2015. Last year, parent company Masan Consumer Holdings signed a strategic partnership agreement with Singha Corp. The total value of the deal was $1.1 billion, and Singha now owns 25 percent of Masan Consumer Holdings’ capital and 33 percent of Masan Brewery.
Masan Group previously purchased a $64 million stake in state-owned food processor Vissan in its IPO.Read on the original site
Qatar Airways to boost capacity on South America routes
Qatar Airways will introduce additional capacity to its two South American gateways from December 1st, when the airline upgrades its existing aircraft operating on the route, a Boeing 777-200LR, to a Boeing 777-300ER. The upgrade to the Extended Range aircraft will provide an additional 99 seats per day from the airline’s capital in Doha to Sao Paulo and Buenos Aires. Qatar Airways’ existing aircraft operating on the route is the Boeing 777-200LR with 259 seats, which will increase to 358… chat_bubble_outline Read More...
PM requests reports on Vietlott business
The Prime Minister Nguyen Xuan Phuc has just asked the Ministry of Finance (MoF) to report on the business operations of Vietnam Lottery Company (Vietlott) which is facing complaints from localities. The Office of the Government on December 5 sent a document transmitting the PM’s direction on Vietlott’s business performance. Accordingly, the PM has requested the MoF to report in detail on the company’s business operations whether it has been influencing the traditional lottery or not as… chat_bubble_outline Read More...
Why some Republicans are opting for conference calls instead of town halls
A growing number of Republican lawmakers are opting out of town hall meetings this week, choosing instead to speak with their constituents in a less direct way.In response to a wave of anti-Trump activism that has resulted in the perceived "hijacking" of such public town hall events by protesters, many Congressional Republicans are ditching the traditional in-person appearance in favor of large conference calls with constituents, with in-person meetings limited to small sit-downs with… chat_bubble_outline Read More...
Jurgen Klopp: Milner a complete player
Jurgen Klopp acknowledged his side were not at their best put singled out Milner for praise. The former Borussia Dortmund boss made his Premier League bow with a solid goalless draw for his injury-depleted side at Tottenham Hotspur on Saturday. Klopp is renowned for expecting a high work rate from his players and his demands were met on Saturday, with his side becoming the first team to outrun Tottenham this season. "We don't have to sprinkle magical dust on them: 'and now you can play… chat_bubble_outline Read More...
Montenegro's election commission declares final results
PODGORICA, Montenegro (AP) — Montenegro's state election commission has declared the final results of the Oct. 16 parliamentary election despite a walkout by opposition representatives who have alleged irregularities during the vote.The commission late Saturday confirmed the ruling Democratic Party of Socialists won 36 seats in the 81-member parliament, followed by opposition Democratic Front with 18 seats and the Key Coalition with nine. The remaining seats went to smaller groups.Opposition… chat_bubble_outline Read More...