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.
VIETNAM BUSINESS NEWS MAY 19 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
19/05/2021 10:50 GMT+7
Foodstuff prices rise, pose inflation threat
A supermarket in HCM City. With the costs of materials needed for foodstuffs rising, businesses are finding ways to cut costs so that they can keep prices steady. Photo nhandan.com.vn
Prices of foodstuffs have been increasing due to rising costs of raw materials.
Do Van Khuol, supply director of Saigon Food Company, said the cost of both domestically sourced and imported inputs have risen, including those of rice and seafood, whose output has fallen.
VN tycoon considers major deal, competes with foreign rivals in $10bil market segment Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
19/05/2021 16:07 GMT+7
Masan Group billionaire Nguyen Dang Quang is considering a billion-dollar deal in an area that is Vietnam s strength but has been controlled by large foreign corporations for the past decade.
According to Bloomberg, Masan Group (MSN) plans to raise US$1 billion by selling its shares to strategic partners to invest in animal feed production through its subsidiary Masan MeatLife (MML).
According to this source, Masan is also thinking about organizing an initial public offering (IPO) for the animal feed business of Masan MeatLife, as it believed that Masan MeatLife (MML) is undervalued by the market.