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Animal feed groups travel demand-driven M&A route 21:55 | 03/06/2021 GREENFEED Vietnam In April, ADM, a global leader in animal nutrition, announced that it is expanding its range of Wisium premix offerings in Vietnam with the acquisition of Golden Farm Production & Commerce Co., Ltd. Following the deal, Wisium will now serve customers in Vietnam with a state-of-the-art premix facility in the southern province of Dong Nai. Eric Fabry, business director of Wisium Vietnam, told VIR that the country is one of the biggest markets for the animal industry in Southeast Asia. It has experienced a tremendous volume growth over the last 20 years and will continue to grow while becoming a more integrated, mature, and competitive market. ....
New habits in health retail 08:00 | 22/04/2021 New habits in health retail. Source: cafef.vn FPT Retail plans to expand its Long Chau Pharmacy chain from 200 to 350 outlets in 2021. The group expects to account for 30 per cent of the local pharmacy retail market in the next two years, contributing to 25 per cent of its total revenue worth $217.16 million. A representative of FPT Retail said that the company will develop its logistics capabilities and workforce to reach this target. The retailer has also started to pilot its FBeauty chain, selling cosmetics and functional foods to capitalise on the market potential. Meanwhile, Pharmacity plans to double its network to more than 1,000 stores across the nation this year. Apart from drugs, Pharmacity also sells cosmetics, beverages, and toothpaste, among others. ....
Demand for top meat drives funding 10:00 | 05/02/2021 In the midst of the rising demand for quality pork, Vietnam has witnessed growing investment in the clean meat market. Those involved in meat retail employ various strategies depending on location, trade type, and more, photo: Le Toan Last week, AVG Capital Partners, a private equity fund from Russia, signed an MoU with Thanh Hoa Peopleâs Committee to develop a $1.4 billion pork processing complex in Nghi Son Economic Zone. With an area of 1,000 hectares, the complex has a designed capacity to produce five million hogs a year. It will boast 43 commercial pig farms and three hybrid pig farms, a mixed feed factory with a capacity of two million tonnes a year, as well as a slaughterhouse and processing plant with a capacity of 600,000 tonnes a year. ....