Illustrative image (Photo: VNA)
Hanoi (VNS/VNA) - Many container shipping lines have announced further
increases in transportation fees starting from late May, causing difficulties
for import-export companies.
Six
months on from when a lack of containers globally pushed up marine
transportation fees, import and export companies were expecting that the fees
would be reduced thanks to the vaccination campaigns which helped control
COVID-19.
However,
experts said it would be very difficult for the container shipping fees to come
back to the pre-pandemic levels despite successfully containing the virus and
no severe shortage of containers.
But
from mid-May, several
container shipping lines announced increases in
Masan Group arm buys 20% stake in Vietnamese tea brand Phuc Long for $15m
Photo: Phuc Long Coffee and Tea s fanpage
May 24, 2021
The Sherpa Company Limited, a subsidiary of the Vietnamese conglomerate Masan Group Corporation, has acquired a 20% stake in Phuc Long Heritage Joint Stock Company, the firm behind the local tea and coffee brand Phuc Long, for $15 million, according to an announcement.
As part of the deal, the Masan Group-owned retailer VinCommerce, which runs the VinMart supermarket chain, has entered into a strategic cooperation agreement with Phuc Long. Accordingly, both sides will jointly develop “Phuc Long Kiosk” through a network of more than 2,200 VinMart+ stores nationwide.