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Target for agro-forestry-fishery export value revised up to 45 billion USD | Business


Processing pangasius fillets for export at a factory in Dong Thap province. (Photo: VNA)
Hanoi (VNA) – The total export turnover of agricultural, forestry and aquaculture products
reached 24.23 billion USD in the first six months of 2021, an increase of 28.2
percent compared to the same period of 2020, according to the Ministry
of Agriculture and Rural Development (MARD).
Based on the encouraging outcome and signs of recovery in the world
market, the ministry has raised the yearly target for export earnings from
those products to 45 billion USD, 3 billion VND higher than the amount assigned
by the government.
The high export turnover in the first half was attributable to surges in ....

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Locals step up M&A retail strategy with foreign players


Locals step up M&A retail strategy with foreign players
14:00 | 21/05/2021
E-mart will sell its Vietnamese business to THACO
South Korea s largest supermarket chain E-mart is selling its retail store business in Vietnam to THACO Group after hitting road bumps to expand in the market. Accordingly, the local business will be converted to a franchise model managed by THACO, which will pay royalty fees to E-mart.
Since its debut in Vietnam in 2015, E-mart planned to open 10 hypermarkets within five years. At present, the retailer has only one hypermarket in Go Vap district of Ho Chi Minh City. The retailer failed to realise its expansion plans due to challenges in securing liscenses and development sites. ....

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