Latest blog articles
Big foreign companies jump into Vietnam’s meat market
The meat market in the country, estimated to have value of $18 billion, is controlled by enterprises from France, Thailand, South Korea and Vietnam.
A report shows that the domestic livestock industry has average annual growth rate of 4-5 percent per annum, while there are 10 million farming households.
The current consumption is 33.5 kilos per head per annum, while the figure would be 39 kilos by 2020. This means that the potential of the market is great for investors.
However, there are only a few safe-meat suppliers in the vast market such as Masan, CP Vietnam and Vissan. French investors jumped into the market recently after realizing the potential in the market.
Three French companies have decided to cooperate with farming households in Mekong Delta in a project called Le Porc du Mékong.
They have built up a closed 3F production line (feed, farm, food), in which each enterprise is in charge of its works. Grimaud chooses breeders, Neovia Vietnam is in charge of making animal feed, and Le Boucher processing and distribution. About 600 Vietnamese households have joined the project.
In the past, the meat supply market was dominated by CP Vietnam, a Thai invested company, and Vissan, a Vietnamese owned enterprise. However, Masan has emerged recently as the most ambitious rival.
By obtaining 24.9 percent of Vissan stakes in June and owning two animal feed manufacturers – Anco and Proconco, Masan shows its ambition to conquer the food market.
Only in early 2015 did Masan enter the animal feed sector. However, it has become the second largest producer in the field just one year later. The business had 46 percent of the sector's total turnover of VND31 trillion in 2015.
Vissan now provides three groups of products, including fresh meat, dry & processed products (65 percent of the market share) and frozen products (75 percent of market share). It now leads the market in sausage and frozen products.
As for CP Vietnam, the company plans to set up 10,000 retail points and shops throughout the country which have CP Fresh Mart and CP Kiosk brands.
An analyst commented that if it successfully develops a farming area of its own, Masan will become a rival on the same level with CP Vietnam.
In July 2016, Masan set up Masan NutriFarm, a subsidiary specializing in making animal feed and farming pigs on a large scale in Nghe An province.
Failing to buy more Vissan stakes, CJ Group from South Korea has decided to cooperate with Satra, Vissa’s holding company. CJ CheilJedang, a subsidiary of CB, will cooperate with Satra to develop new food products.
According to Chang Bok Sang, president and CEO of CJ Vietnam, CJ plans to spend $500 million more on the project in 2016.
Canada's Muslims embrace their country – even when it doesn't embrace back
There were all the trappings of an awards ceremony – tearful winners, breathless speeches, messages from dignitaries that ran a little too long. Even so, the first annual MAX Gala, held at Toronto’s lush Ritz-Carlton Hotel last March, was a singular event. It was the first-ever awards ceremony reserved for Muslim Canadians, an evening that saw a steady parade of business people, doctors, and community activists take the stage to be recognized for their contribution to society. It was also a… chat_bubble_outline Read More...
Vietnam’s textile and garment exports grows in the first ten months
In order to achieve the target of earning US$28-29 billion from exports in 2016, the export turnover of the textile and garment industry must record over US$2.5 billion per month in the last two months. Major export markets for Vietnam’s textile and garment industry include the US (with nearly US$10 billion in revenue, up 4.37%), Europe (nearly US$3 billion, up 2.46%), Japan (nearly US$2.5 billion, up 4.61%) and the Republic of Korea (over US$2.2 billion, up 5.34%). Vinatex’s General Director… chat_bubble_outline Read More...
Manny Pacquiao takes a break from politics for boxing
LAS VEGAS (AP) — Up until last week, Manny Pacquiao was concentrating on trying to get the death penalty restored in the Philippines.Now he's focusing on something not nearly as controversial — his return to the ring for a Nov. 5 fight with Jesse Vargas."Working in the Senate is not easy while you're training," said Pacquiao, a freshman senator in the Philippines. "You manage your time and that's what I did in training for this fight."Pacquiao won't have to juggle two jobs for at least a few… chat_bubble_outline Read More...
John Mayer & Dave Chappelle Pay Tribute To Charlie Murphy In Columbus [Video]
Read on the original site chat_bubble_outline Read More...
Why a House bill wants workers' genetic information
Since 2008, Americans have been protected from being penalized for refusing a genetic test in the workplace or having to share the results with their employer.That could change under legislation the House Committee on Education and the Workforce approved on Wednesday. Passed along party lines, the bill, put forward by chairwoman Rep. Virginia Foxx (R) of North Carolina, is now under review by other House committees.If enacted, the legislation would mean that employees who refuse to submit to a… chat_bubble_outline Read More...