Malaysia News Gazette

Hanoi: Vietnamese agricultural products have more opportunities to hit the shelves of Japanese supermarket chain Aeon as Aeon Topvalu will attend the Vietnam International Sourcing 2024 event to be held by the Ministry of Industry and Trade (MoIT) on June 6-8 in Ho Chi Minh City.

On the threshold of the event, General Director of Aeon TopValu Vietnam Shiotani Yuichiro had a working session with the MoIT’s European – American Market Department, saying he has a great expectation when joining the sourcing fair.

There is a great demand for Vietnamese agricultural products and processed products in the markets where Aeon is present, he said, adding through last year’s event, Aeon TopValu found suppliers for its supermarket chain in China, Thailand, and Malaysia.

Along with persuading its purchasers from China, Japan, Malaysia, Thailand, and Vietnam to engage in the event, Aeon TopValu will continue joining hands with the MoIT to organise the Vietnamese Products Week in Japan in 2024, providing more chances for
Vietnamese goods to break into Japan – the No.1 fastidious market in Asia, he said.

The purchasers want to seek Vietnamese producers who are able to meet Aeon’s criteria and standards to become the retailer’s sustainable suppliers not only for its supermarkets in Vietnam but also its system across the globe, according to the Aeon representative.

The event aims to promote direct linkages between Vietnamese manufacturing and exporting enterprises with foreign retail distribution networks and importers. It includes a series of workshops, seminars, business matching activities, and an exhibition called ‘Vietnam International Sourcing Expo’.

This is annual premier sourcing fair in Vietnam, bringing together the leading manufacturers and exporters in the country./.

Source: Vietnam News Agency

Hanoi: Hanoi’s concentrated promotion programme, slated for May, July, and November this year with discount of up to 100%, expects the engagement of 1,000-2,000 businesses from all economic sectors, according to the city Department of Industry and Trade.

The department said that along with meeting shopping demands of locals, the programme aims to provide chances for businesses to sell their products and reduce inventories, thus promoting production and business activities, contributing to boosting the city’s socio-economic development.

The programme will start on April 30, featuring 100 booths with promotion from 30-100%.

In November, the programme will take place in all localities across the capital city, with about 800-1,000 venues. Various events have been planned within the programme’s framework, including a Hanoi shopping festival and Hanoi Mega Sale events.

The highlight of the programme in November is the Hanoi Midnight Sales 2024 and Black Friday events from November 29-30 with the involvement of
200 businesses, trade centres, supermarkets, and business facilities.

The programme is expected to connect supply and demand, promote domestic consumption and boost sales revenue for businesses, thus increasing the retail sales of products and revenue./.

Source: Vietnam News Agency

Hanoi: Celebrating the anniversary of its first flight to Australia with six routes, Vietjet offers the biggest promotions of the year to express gratitude to passengers.

Accordingly, from now until March 17, 2024, Vietjet offers thousands of Eco tickets priced from zero Vietnamese dong, excluding taxes and fees, on the website www.vietjetair.com and the Vietjet Air mobile app for all routes connecting Vietnam and Australia, including the new Hanoi – Melbourne route, together with routes connecting Ho Chi Minh City with Adelaide, Perth, Brisbane, Sydney, and Melbourne.

Especially, passengers book Eco tickets to fly between Vietnam and Australia from now until April 8 will be presented a 20kg of checked baggage and a delicious organic hot meal by Vietjet.

In addition, passengers who wish to fly with the premium Business and SkyBoss tickets book tickets on the carrier’s website, Vietjet Air mobile app, authorised agents of Vietjet and apply the promo code HAPPYBDAY50 to enjoy an immediate 50% discount on tic
ket prices.

The promotion is applicable for Business and SkyBoss tickets on direct flights between Vietnam and Australia, as well as flights between Australia and Mumbai, New Delhi, Kochi, Tiruchirappalli, and Ahmedabad in India. With attractive benefits, passengers flying with Vietjet have more choices to experience convenient travel with Business and SkyBoss seats, enjoy green cuisines, and receive priority services from the ground to the sky, with flexible flight times from now to May 31.

Joining Vietjet, passenger can experience happy flights with the modern, eco-friendly wide-body fleet, professional and dedicated cabin crews, and enjoy exquisite Vietnamese and international cuisines such as Pho Thin, Vietnamese Banh mi, etc.. Moreover, Vietjet offers free Sky Care travel insurance for all passengers, and the SkyJoy loyalty programme to accumulate points for rewards./.

Source: Vietnam News Agency

Hanoi: A total of 2,033 Hyundai cars hit the road in Vietnam in February, a month-on-month fall of 43%, Thanh Cong (TC) Group, the assembler and distributor of Hyundai vehicles in Vietnam, announced on March 12.

Hyundai Accent remained the best-selling brand with 365 units sold, followed by Hyundai Grand i10 with 263 and Hyundai Creta with 238.

The group recorded the sale of 147 Hyundai Venue units, 132 Hyundai Santa Fe, 127 Hyundai Custin, 117 Hyundai Tucson, 76 Hyundai Elantra, 55 Hyundai Stargazer, and 47 Hyundai Palisade.

Regarding commercial models, 466 vehicles were sold in the month.

TC Group attributed the slump in its sales to the Lunar New Year holiday which lasted for a week, and expected better business results in the coming months./.

Source: Vietnam News Agency

Hanoi: Vietnam has encouraged and created favourable conditions for coal-to-gas power transition projects, Deputy Prime Minister Tran Hong Ha said while receiving Finnish Ambassador to Vietnam Keijo Novaron and President and CEO for Wartsila Corporation Hakan Agnevall in Hanoi on March 12.

Speaking highly of the effective cooperation between Vietnam and Finland in the areas of circular economic development, environmental protection and clean energy, Ha said Vietnam is now a partner of the European Union (EU) and G7 countries to deliver on the net-zero commitment and the Just Energy Transition Partnership (JETP).

Regarding the flexible power project of Wartsila Corporation, he asked the group to have the full consideration of the expenditure of infrastructure investment, gas purchase, power generation from renewable energy, transmission system, among others, making the project suitable to the Vietnamese market.

He also informed the guests of Vietnam’s policies of encouraging and attracting foreign investors
to off-shore wind power development, direct power purchase, renewable energy equipment manufacturing, and waste-to-energy projects.

Ambassador Keijo Novaron, for his part, said Vietnam and Finland have worked together to promote sustainable development by cooperating in the fields of clean water supply, environmental hygiene, innovation, and afforestation.

The two countries have exchanged technologies and knowledge in the areas requiring state-of-the-art technologies that they are interested in, he added.

Meanwhile, Hakan Agnevall said the corporation and its Vietnamese partner are working to carry out the first flexible power project in Vietnam./.

Source: Vietnam News Agency

Hanoi: Minister of Finance Ho Duc Phoc chaired an investment promotion conference themed ‘Vietnam – Investment Destination’ in Tokyo on March 12, which drew representatives from leading Vietnamese and Japanese financial institutions, banks, life insurance corporations, investment funds, and securities companies.

Addressing the event, Phoc said that Japan has become a leading economic partner of Vietnam, and Vietnam has been an important partner of Japan in Southeast Asia.

He said he hopes the conference will provide more cooperation ideas for businesses of the two sides, thus deepening their relations and contributing to promoting the Vietnam-Japan ties.

Briefing participants on the development of the securities market of Vietnam, the official said that the market saw good recovery in 2023 with increasingly completed structure.

The Vietnam stock market has remained a bright spot in attracting domestic and foreign investors, and is an effective and important capital channel for the economy, he said, stress
ing that upgrading Vietnam’s stock market from a frontier market into an emerging market is one of the major goals that the Vietnamese Government is aiming for.

The goal has been included in the project to restructure the stock and insurance markets until 2020 with a vision to 2025 and the strategy for stock market development until 2030, he noted.

At the review period in September 2023, FTSE Russell kept Vietnam on the watch list for upgrading from a frontier market to a secondary emerging market and recognised the reaffirmation of commitment of leaders of Vietnam’s stock market management agencies in upgrading the market.

The Ministry of Finance and the State Securities Commission have conducted many activities to cooperate with foreign partners and exchange information with relevant parties to attract foreign investment and remove obstacles facing investors while investing in the Vietnamese stock market, stated Phoc.

The minister affirmed that Vietnam will drastically implement market development solut
ions, including perfecting the legal framework, speeding up digital transformation, and strengthening inspection to ensure a safe and transparent stock market.

At the event, companies that have listed in the Vietnamese stock market highlighted investment opportunities in the Vietnamese stock market, as well as the potential for green finance development and their capital demand and cooperation needs.

Takafumi Oue, head of the representative office of Daiwa Securities in Vietnam, which has been present in Vietnam for 16 years, said that the Vietnamese stock market is welcomed by Japanese investors and affirmed that Daiwa will expand its operation in Vietnam in the coming time, creating opportunities for Japanese businesses to invest in Vietnam.

Japanese investors at the event showed their interest in the Vietnamese market and raised many questions on policies to develop and upgrade the market as well as attract new capital inflows. Their questions were answered by Chairwoman of the State Securities Commissi
on Vu Thi Chan Phuong./.

Source: Vietnam News Agency

HCM City: Compared to three years ago, domestic investors outperformed on the merger and acquisition (M and A) market, but the most valuable deals still belonged to foreign investors, heard a conference on M and A trends in Ho Chi Minh City on March 12.

The event was organised by the Business Association of High-Quality Vietnamese Products in coordination with relevant units.

According to the Vietnam M and A Transformation report by KPMG, the total value of M and A transactions in Vietnam reached 4.4 billion USD in the first ten months of 2023, involving over 260 deals. The average deal value stood at 54.5 million USD.

Nguyen Tuan Anh, a lecturer at RMIT University Vietnam, Saigon South Campus, said consumer goods and non-essential goods among the potential industries in Vietnam’s M and A market. Investors will target businesses with stable and long-term product investment strategies including agriculture and food with the basic foundation of the economy – food production and distribution, he added.

To cr
eate an open environment for the M and A market and attract foreign investments, experts recommended that it is necessary to promulgate more favourable policies for divestment activities, along with shortening the duration for a M and A deal.

It should be noted that environmental, social, governance (ESG) trends will increase and become one of the key factors driving M and A deals. Statistics showed that every year, at least two out of five deals require ESG during the appraisal process.

Regarding the M and A trend, Huynh Thanh Binh Minh, Director of TAEL Partners Investment Fund in Vietnam, pointed out that completing a capital call and carrying out an M and A deal involve the engagement of many units. Businesses need to proactively evaluate the company’s strengths and build a management strategy that has the ability to attract capital, she said, adding that it is necessary for them to restructure corporate governance activities, business strategies, market orientations and brand building.

With such favou
rable conditions as signing many free trade agreements, a large population and stable geopolitics, Vietnam is a potential M and A market. However, insiders said Vietnam must have rational policies and mechanisms to attract capital in various fields through M and A deals as the capital flows into Southeast Asian countries are the same./.

Source: Vietnam News Agency