The Lunar New Year festival (Tet) falls in February. Revenues doubled to VND1.1 trillion ($47.8 million). The company targets profits of VND800 billion on sales of VND11.5 trillion for the full year. In April, Kido Beverage Joint Venture Company (Vibev), its joint venture with dairy behemoth Vinamilk, will start producing ice creams and non-carbonated drinks. Vibev is expected to earn revenues of VND2 trillion ($86.6 million) in its first year. In 2021, KIDO aims to diversify its cooking oil range and improve its supply chain. Its goals are to be the leading company in the edible oil market and remain the largest player in the ice cream market. It had 43.5 percent of the ice cream market share in 2020, according to market research firm Euromonitor. It plans to introduce new confectionery products and expand moon cake sales in 2021 after reentering the confectionery market following a five-year absence. … [Read more...] about Food company reports 300 pct profit rise
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In the last decade .their investments in Vietnam swelled by an average of 13 percent a year. By the end of last year their total investment was only around $13 billion, not enough to put Thailand in the top five list, but still managed to have large market shares in several sectors by concentrating their investment in a handful of sectors. In the retail sector, some leading supermarket chains are controlled by two Thai companies, Central Group and TCC Group. Central Group, Thailand’s leading retailer, which belongs to the Chirathivat family, started off in Vietnam as a fashion merchandiser in 2012, distributing products from brands such as SuperSports, Crocs and New Balance. In 2015, it acquired a 49 percent stake in electronics retailer Nguyen Kim through its subsidiary Power Buy. In the same year, it bought out supermarket chain Lan Chi, which operates mainly in northern rural areas. In 2016, it bought supermarket chain Big C Vietnam from France's Casino Group for over $1 … [Read more...] about Which sectors in Vietnam are dominated by Thai companies?
It expects to wrap up ongoing negotiations for the sale soon, brokerage SSI Securities Corporation said. A sale of 49 percent stake could fetch the bank around VND21 trillion ($913 million) after tax, it said in a note. If the talks fail, it would prepare for an IPO later this year, the note added. FE Credit is the largest player in Vietnam’s consumer lending market with a 55 percent share in 2019, according to financial data provider FiinGroup. As of the end of 2020, its outstanding loans were VND66 trillion. Its non-performing loans ratio was 6.6 percent. It reported revenues of VND17.4 trillion and pre-tax profits of VND3.71 billion, a 17 percent decline from 2019. VPBank has a profit growth target in 2021 of 20-30 percent for itself and 20-25 percent for FE Credit. … [Read more...] about Future of Vietnam’s leading consumer finance company decided: analysts
Last modified on Feb 05, 2021 13:58 GMT Fiona Ward Scented candles don't have to be ultra expensive! Shop our round up of the best affordable candles on the market, with the most gorgeous scents Who doesn't love a gorgeous scented candle ? Particularly when we are spending so much time in our homes. They make a lovely gift for a friend or family member in isolation, too - and if you don't want to stretch the budget, there are plenty of brilliant affordable options with beautiful, unique scents. MORE: You can now buy a Kate Middleton-scented candle – and you know it'll smell divine Whether your fragrance of choice is floral, fruity or nostalgic, we've rounded up our favourite options under £20… Best luxury-for-less scented candle You can't go wrong with a Rituals scent! We love this warming orange and cedarwood fragrance. Rituals The Ritual of Sakura Scented Candle , £15.90, Feel Unique SHOP NOW … [Read more...] about Best cheap candles with luxurious scents: Marks & Spencer, The White Company and more
New Delhi: Paytm Payments Bank on Tuesday said it has won 82 per cent of dispute cases on behalf of FASTag users with toll plazas in 2020 and facilitated refund of wrongly deducted toll charges to 2.6 lakh customers. The payments bank said it has set up an automated dispute management process which identifies incorrect deductions and immediately raises claims to reverse the extra charges. Paytm Payments Bank MD and CEO Satish Gupta said in a statement, "It has been our endeavour to empower our users with seamless and hassle-free travel on road. In this quest, we support our users in every possible way, including fast redressal of any grievance they face with toll plazas ." The company continuously strives to ensure that customers are always charged the correct toll amount, he added. Live TV #mute Paytm Payments Bank claims to be the top issuer and the largest acquiring bank under the National Electronic Toll Collection programme. Zee News App: … [Read more...] about FASTag users alert! Wrongly deducted toll charges? This company will help in reversing extra charges