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Nova Consumer to sell 10% stakes in initial public offering at $1.9 apiece

Nova Consumer Group, an arm of the multi-industry NovaGroup, has announced to proceed an IPO that enables it to sell 10.9 million shares, equivalent to 10% of charter capital, according to statement.

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The company will receive registration to buy NCG shares between February 7 to 28, 2022. The minimum offering price is VND43,462 ($1.9) apiece, equivalent to the expected mobilized capital of about VND474 billion ($196 million).

With the capital, Nova Consumer will allocate VND430 billion to buy back the capital of Sunrise Food Co., Ltd. owned by Consumer Investment JSC to develop the food chain while nearly VND35 billion will be used to develop the food chain.

The IPO is considered as its door to enter the fast-moving consumer goods market. In addition to expanding the distribution system, the company will promote product research and development and M&A activities so that it can quickly have a diversified product portfolio, focusing on three main industry groups including food, food drink and nutrition.

Between 2022 – 2024, Nova Consumer plans to have a sales team of about 1,500 employees. From 2025, it will strongly develop Online to Offline distribution platforms, helping to better connect distribution creating direct links with 250,000 selling points and indirectly up to over 400,000 points.

The group sets to have annual profit at VND1,300 – VND1,500 billion in the 2022 – 2026 period. Its market capitalization was expected to exceed $1 billion in the next three years.

Nova Consumer currently owns 3 feed mills located in areas with advantages in location and advantages in labor and tax. Anova Feed factory in Long An with a capacity of 130,000 tons/year.

Two plants in Dong Nai and Hung Yen provinces with the capacity of 300,000 tons a year each. The total output of these 3 factories by 2025 can reach nearly 1 million tons per year.

Nova Consumer’s growth driver comes from the animal health segment. With the shift from small-scale production to centralized livestock production to increase production as well as minimize the spread of diseases during major epidemics, it will contribute to raising awareness of using vaccines and veterinary drugs.

This is the market where Nova Consumer is holding the number one position when there are 4 subsidiaries and 2 production associates, accounting for more than 30% of the country’s market share, with a revenue of up to $58 million. 

Source: https://e.nhipcaudautu.vn/market/nova-consumer-to-sell-10-stakes-in-initial-public-offering-at-19-apiece-3344189/

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Vietnam’s agro-forestry-fishery exports hit record high

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Vietnam raked in US$49 billion in export revenue from agro-forestry-fishery products between January and November of this year, exceeding the previous record of $48.6 billion set in 2021, according to the Ministry of Agriculture and Rural Development.

The ministry on Wednesday shared that Vietnam exported over $4.27 billion worth of agro-forestry-fishery products in November alone, down nearly five percent year on year.

During the same period, the country’s seafood export turnover hit $10.14 billion for the first time ever.

The Vietnam Association of Seafood Exporters and Producers (VASEP) will hold a ceremony to celebrate the milestone on December 10.

From January to November, there were eight commodities with export turnovers that surpassed $2 billion, including coffee ($3.5 billion, up 31.5 percent), rubber ($2.9 billion, up 3.2 percent), rice ($3.2 billion, up 6.9 percent), tra fish ($2.2 billion, up 61 percent), shrimp ($4.1 billion, up 14.6 percent), and wood and wooden products ($14.6 billion, up 9 percent).

Asian countries remained the largest importers of Vietnam’s agro-forestry-fishery products with nearly 45 percent of the market share, followed by America with 27 percent, and Europe with 11 percent.

As for importing countries, the U.S. took the lead with $12.3 billion.

China came in second with some $9.3 billion, followed by Japan with $3.9 billion, and South Korea with $2.3 billion. 

According to the Ministry of Agriculture and Rural Development, Vietnam, China’s unwillingness to end its zero-COVID policy will create a challenging future for Vietnamese farm produce for the foreseeable future. 

Moreover, due to the depreciation of China’s renminbi and Thailand’s baht over the Vietnam dong and U.S. dollar, China will likely increase imports from Thailand and reduce imports from Vietnam.

Meanwhile, Vietnam’s exports of wood pellets to the European Union (EU) remain low due to Europe’s strict origin traceability requirements.

The EU’s requirements for wood pellet imports are more stringent than those of Japan and South Korea, which is a significant challenge that will require Vietnamese exporters to improve their equipment and technology.

The Ministry of Agriculture and Rural Development will continue popularizing a protocol on the official export of Vietnamese durians to China, requirements for passion fruit exports to China, and requirements for pomelo exports to the U.S.

The ministry will also accelerate negotiations over a protocol on phytosanitary requirements for dragon fruit, longan, litchi, rambutan, and mango exports to China. 

It will also work with the General Administration of Customs of China to launch weekly online inspections into banana and durian batches shipped from Vietnam to its northern neighbor.

In addition, it will seek ways to remove technical and trade hindrances and pave the way for the export of Vietnamese products to other large and potential markets, such as Japan, South Korea, Myanmar, Australia, and New Zealand via official channels.

Specialized agencies will work with Japanese phytosanitary inspectors who come to Vietnam to check local dragon fruit, mango, and longan processing units in order to boost the export of these products.

The government assigned the Ministry of Agriculture and Rural Development an agro-forestry-fishery export revenue target of $50 billion this year.

If the export growth momentum is maintained in the last month of the year, the country’s agro-forestry-fishery exports this year will likely reach $53 billion.

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Vietnam raked in US$49 billion in export revenue from agro-forestry-fishery products between January and November of this year, exceeding the previous record of $48.6 billion set in 2021, according to the Ministry of Agriculture and Rural Development.

The ministry on Wednesday shared that Vietnam exported over $4.27 billion worth of agro-forestry-fishery products in November alone, down nearly five percent year on year.

During the same period, the country’s seafood export turnover hit $10.14 billion for the first time ever.

The Vietnam Association of Seafood Exporters and Producers (VASEP) will hold a ceremony to celebrate the milestone on December 10.

From January to November, there were eight commodities with export turnovers that surpassed $2 billion, including coffee ($3.5 billion, up 31.5 percent), rubber ($2.9 billion, up 3.2 percent), rice ($3.2 billion, up 6.9 percent), tra fish ($2.2 billion, up 61 percent), shrimp ($4.1 billion, up 14.6 percent), and wood and wooden products ($14.6 billion, up 9 percent).

Asian countries remained the largest importers of Vietnam’s agro-forestry-fishery products with nearly 45 percent of the market share, followed by America with 27 percent, and Europe with 11 percent.

As for importing countries, the U.S. took the lead with $12.3 billion.

China came in second with some $9.3 billion, followed by Japan with $3.9 billion, and South Korea with $2.3 billion. 

According to the Ministry of Agriculture and Rural Development, Vietnam, China’s unwillingness to end its zero-COVID policy will create a challenging future for Vietnamese farm produce for the foreseeable future. 

Moreover, due to the depreciation of China’s renminbi and Thailand’s baht over the Vietnam dong and U.S. dollar, China will likely increase imports from Thailand and reduce imports from Vietnam.

Meanwhile, Vietnam’s exports of wood pellets to the European Union (EU) remain low due to Europe’s strict origin traceability requirements.

The EU’s requirements for wood pellet imports are more stringent than those of Japan and South Korea, which is a significant challenge that will require Vietnamese exporters to improve their equipment and technology.

The Ministry of Agriculture and Rural Development will continue popularizing a protocol on the official export of Vietnamese durians to China, requirements for passion fruit exports to China, and requirements for pomelo exports to the U.S.

The ministry will also accelerate negotiations over a protocol on phytosanitary requirements for dragon fruit, longan, litchi, rambutan, and mango exports to China. 

It will also work with the General Administration of Customs of China to launch weekly online inspections into banana and durian batches shipped from Vietnam to its northern neighbor.

In addition, it will seek ways to remove technical and trade hindrances and pave the way for the export of Vietnamese products to other large and potential markets, such as Japan, South Korea, Myanmar, Australia, and New Zealand via official channels.

Specialized agencies will work with Japanese phytosanitary inspectors who come to Vietnam to check local dragon fruit, mango, and longan processing units in order to boost the export of these products.

The government assigned the Ministry of Agriculture and Rural Development an agro-forestry-fishery export revenue target of $50 billion this year.

If the export growth momentum is maintained in the last month of the year, the country’s agro-forestry-fishery exports this year will likely reach $53 billion.

Like us on Facebook or  follow us on Twitter to get the latest news about Vietnam!

Source: https://tuoitrenews.vn/news/business/20221203/vietnams-agroforestryfishery-exports-hit-record-high/70274.html

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US supports Vietnam’s clean energy adoption

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The U.S. government has unveiled a US$36-million Vietnam Low Emission Energy Program II (V-LEEP II) fund to be disbursed over five years to speed up Vietnam’s transition to clean energy.

The program is funded by the U.S. Agency for International Development (USAID).

It is meant to help Vietnam develop a clean, secure and market-based energy sector by increasing the deployment of advanced energy systems, improving energy sector performance, and increasing competition in the energy sector, according to the U.S. Consulate General in Ho Chi Minh City.

The consulate general organized a seminar on Thursday to discuss the role of hydrogen fuel technology in green energy transition, as part of the project.

Many researchers evaluated Vietnam as a country with great potential for the development of hydrogen fuel, one of the cleanest alternative sources of raw materials produced from wind and solar energy as it is zero-carbon.

Clean hydrogen can be mixed with traditional fuels such as gas to reduce emissions and to be used in many industries such as steel, chemicals, fertilizers, and transportation. 

Hydrogen is also a great form of chemical energy storage, providing clean backup.

Speaking at the event, Susan Burns, the U.S. Consul General in Ho Chi Minh City, assessed that Vietnam has the advantage of geographical location to thrive in clean hydrogen production. 

The diplomat once again emphasized the U.S.’ enthusiasm in supporting Vietnam shifting toward green energy, in line with the global trend.

Among different forms of recycled energy, Vietnam’s offshore wind power potential is forecasted to reach 160GW in the long term and is one of the most abundant sources of supply in Southeast Asia, according to statistics from the Danish Energy Agency.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

The U.S. government has unveiled a US$36-million Vietnam Low Emission Energy Program II (V-LEEP II) fund to be disbursed over five years to speed up Vietnam’s transition to clean energy.

The program is funded by the U.S. Agency for International Development (USAID).

It is meant to help Vietnam develop a clean, secure and market-based energy sector by increasing the deployment of advanced energy systems, improving energy sector performance, and increasing competition in the energy sector, according to the U.S. Consulate General in Ho Chi Minh City.

The consulate general organized a seminar on Thursday to discuss the role of hydrogen fuel technology in green energy transition, as part of the project.

Many researchers evaluated Vietnam as a country with great potential for the development of hydrogen fuel, one of the cleanest alternative sources of raw materials produced from wind and solar energy as it is zero-carbon.

Clean hydrogen can be mixed with traditional fuels such as gas to reduce emissions and to be used in many industries such as steel, chemicals, fertilizers, and transportation. 

Hydrogen is also a great form of chemical energy storage, providing clean backup.

Speaking at the event, Susan Burns, the U.S. Consul General in Ho Chi Minh City, assessed that Vietnam has the advantage of geographical location to thrive in clean hydrogen production. 

The diplomat once again emphasized the U.S.’ enthusiasm in supporting Vietnam shifting toward green energy, in line with the global trend.

Among different forms of recycled energy, Vietnam’s offshore wind power potential is forecasted to reach 160GW in the long term and is one of the most abundant sources of supply in Southeast Asia, according to statistics from the Danish Energy Agency.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Source: https://tuoitrenews.vn/news/business/20221203/us-supports-vietnams-clean-energy-adoption/70315.html

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Masterise Homes launches The Global City Sales showroom — Vietnam’s largest lifestyle hub

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Masterise Homes officially announced the grand opening of The Global City Sales Gallery at the end of last month, marking the presence of Vietnam’s largest sales gallery and lifestyle hub with a scale of 10,000 m2.

Visualizing the future of The Global City, the Sales Gallery is a convergence of unparalleled design and cutting-edge technology produced by global award-winning architectural design studio Foster + Partners.

Located in An Phu Ward, Thu Duc City, Ho Chi Minh City , The Global City Sales Gallery overlooks and is adjacent to a canal and Southeast Asia’s largest Fountain Festival.

The exterior architecture bears the image of majestic wings with the aspiration to reach new heights and the commitment to sustainable development.

The sales gallery is also Vietnam’s first building with the largest surrounding water-covered surface landscape.

The sales gallery is also Vietnam's first building with the largest surrounding water-covered surface landscape.

The sales gallery is also Vietnam’s first building with the largest surrounding water-covered surface landscape.

The spacious interior design encompasses exceptionally high ceilings, open-concept common areas, and a wide range of functional rooms — such as meeting rooms, presentation rooms, and exhibition areas — meticulously incorporating natural landscapes into modern architecture with advanced technology.

The Global City Sales Gallery comprises impressive cutting-edge technology, including a 360-degree LED screen in the main hall and two 180-degree LED screens in the presentation room, as well as a wall-mounted LED screen system in the exhibition and event areas.

The Global City Sales Gallery is designed to exceed all expectations of a regular sales gallery in Vietnam.

The spacious interior design encompasses exceptionally high ceilings, open-concept common areas, and a wide range of function rooms.

The spacious interior design encompasses exceptionally high ceilings, open-concept common areas, and a wide range of function rooms.

Far more than simply a ‘gallery,’ the building serves to welcome Masterise customers to the largest lifestyle hub in Vietnam.

With its perfect location to experience the new center of Ho Chi Minh City, it is no exaggeration to say that The Global City Sales Gallery is poised to become a top choice for corporate networking events and art exhibitions.

Once completed, the sales gallery will comprise an exclusive commercial area with leading brands, creating the perfect entertainment venue to unwind and relax with family and friends.

“Following the successful launch of the Fountain Festival last September, the grand opening today is a testament to our commitment to developing a new downtown at The Global City,” said Gibran Bukhari, Head of Sales Masterise Homes.

Gibran Bukhari, Head of Sales Masterise Homes, speaks at the grand opening of The Global City Sales Gallery.

Gibran Bukhari, Head of Sales Masterise Homes, speaks at the grand opening of The Global City Sales Gallery.

“We take great pride in maintaining construction progress ahead of schedule as we expect the 2km-long canal will commence operating soon, followed by other world-class facilities. The Global City Sales Gallery will become a leading destination for customers and investors and simultaneously boost the attraction and affirm the escalating value of the entire township.”

The Global City Sales Gallery signifies the vision and world-class capability of Masterise Homes to create exquisite real estate developments with impeccable standards.

Masterise Homes’ enthusiasm for building infrastructure in The Global City Sales Gallery demonstrates the commitment to delivering ultimate experiences for customers.

A new center of Ho Chi Minh City is taking shape at The Global City, awaiting future large-scale festivals and entertainment activities.

Masterise Homes officially announces the grand opening of The Global City Sales Gallery.

Masterise Homes officially announces the grand opening of The Global City Sales Gallery.

From November 29 to December 18, Masterise Homes has commemorated the milestone by organizing ‘The Grand Opening Week of The Global City Sales Gallery – Vietnam’s largest lifestyle hub with exclusive experiential events and attractive gifts for customers.

Masterise Homes also signed commercial cooperation agreements with leading F&B brands, such as Pizza 4P’s, Pasteur Street Brewing, and several brands under Mylife Company, including Yen Sushi & Sake Pub, Yen Sushi Premium, Shamoji, Omakase, Mylife Coffee, and many others.

The presence of Vietnam’s beloved F&B brands at The Global City will guarantee exquisite service facilities and elevate the ability to attract investment and value for SOHO townhouses – the first subdivision on the open market at The Global City.

About The Global City

The Global City, Vietnam’s first international standard township, is curated by award-winning British architectural design and engineering firm Foster + Partners.

Owning ‘the crown jewel’ of Ho Chi Minh City in An Phu Ward, Thu Duc City, the 117.4-hectare palatial master plan aims to become the new center of Ho Chi Minh City, with various products and world-class facilities.

The first public facility is phase 1 of the canal and Fountain Festival, which was put into operation in September 2022.

The launch generated a considerable buzz and attracted thousands of attendees from Chi Minh City.

About Masterise Homes

Masterise Homes, a member of Masterise Group, is a pioneer in bringing world-class excellence to the development, operations, and management of luxury real estate products and services in the Vietnamese market and beyond.

With a one-of-a-kind portfolio comprising the largest branded residences in Southeast Asia, Masterise Homes demonstrates world-class capabilities via a strategic partnership with Marriott International, the largest hotel brand in the world with iconic brands of Marriott, JW Marriott, The Ritz-Carlton, and ELIE SAAB to elevate Vietnam’ s position on the global property map.

Masterise Homes officially announced the grand opening of The Global City Sales Gallery at the end of last month, marking the presence of Vietnam’s largest sales gallery and lifestyle hub with a scale of 10,000 m2.

Visualizing the future of The Global City, the Sales Gallery is a convergence of unparalleled design and cutting-edge technology produced by global award-winning architectural design studio Foster + Partners.

Located in An Phu Ward, Thu Duc City, Ho Chi Minh City , The Global City Sales Gallery overlooks and is adjacent to a canal and Southeast Asia’s largest Fountain Festival.

The exterior architecture bears the image of majestic wings with the aspiration to reach new heights and the commitment to sustainable development.

The sales gallery is also Vietnam’s first building with the largest surrounding water-covered surface landscape.

The sales gallery is also Vietnam's first building with the largest surrounding water-covered surface landscape.

The sales gallery is also Vietnam’s first building with the largest surrounding water-covered surface landscape.

The spacious interior design encompasses exceptionally high ceilings, open-concept common areas, and a wide range of functional rooms — such as meeting rooms, presentation rooms, and exhibition areas — meticulously incorporating natural landscapes into modern architecture with advanced technology.

The Global City Sales Gallery comprises impressive cutting-edge technology, including a 360-degree LED screen in the main hall and two 180-degree LED screens in the presentation room, as well as a wall-mounted LED screen system in the exhibition and event areas.

The Global City Sales Gallery is designed to exceed all expectations of a regular sales gallery in Vietnam.

The spacious interior design encompasses exceptionally high ceilings, open-concept common areas, and a wide range of function rooms.

The spacious interior design encompasses exceptionally high ceilings, open-concept common areas, and a wide range of function rooms.

Far more than simply a ‘gallery,’ the building serves to welcome Masterise customers to the largest lifestyle hub in Vietnam.

With its perfect location to experience the new center of Ho Chi Minh City, it is no exaggeration to say that The Global City Sales Gallery is poised to become a top choice for corporate networking events and art exhibitions.

Once completed, the sales gallery will comprise an exclusive commercial area with leading brands, creating the perfect entertainment venue to unwind and relax with family and friends.

“Following the successful launch of the Fountain Festival last September, the grand opening today is a testament to our commitment to developing a new downtown at The Global City,” said Gibran Bukhari, Head of Sales Masterise Homes.

Gibran Bukhari, Head of Sales Masterise Homes, speaks at the grand opening of The Global City Sales Gallery.

Gibran Bukhari, Head of Sales Masterise Homes, speaks at the grand opening of The Global City Sales Gallery.

“We take great pride in maintaining construction progress ahead of schedule as we expect the 2km-long canal will commence operating soon, followed by other world-class facilities. The Global City Sales Gallery will become a leading destination for customers and investors and simultaneously boost the attraction and affirm the escalating value of the entire township.”

The Global City Sales Gallery signifies the vision and world-class capability of Masterise Homes to create exquisite real estate developments with impeccable standards.

Masterise Homes’ enthusiasm for building infrastructure in The Global City Sales Gallery demonstrates the commitment to delivering ultimate experiences for customers.

A new center of Ho Chi Minh City is taking shape at The Global City, awaiting future large-scale festivals and entertainment activities.

Masterise Homes officially announces the grand opening of The Global City Sales Gallery.

Masterise Homes officially announces the grand opening of The Global City Sales Gallery.

From November 29 to December 18, Masterise Homes has commemorated the milestone by organizing ‘The Grand Opening Week of The Global City Sales Gallery – Vietnam’s largest lifestyle hub with exclusive experiential events and attractive gifts for customers.

Masterise Homes also signed commercial cooperation agreements with leading F&B brands, such as Pizza 4P’s, Pasteur Street Brewing, and several brands under Mylife Company, including Yen Sushi & Sake Pub, Yen Sushi Premium, Shamoji, Omakase, Mylife Coffee, and many others.

The presence of Vietnam’s beloved F&B brands at The Global City will guarantee exquisite service facilities and elevate the ability to attract investment and value for SOHO townhouses – the first subdivision on the open market at The Global City.

About The Global City

The Global City, Vietnam’s first international standard township, is curated by award-winning British architectural design and engineering firm Foster + Partners.

Owning ‘the crown jewel’ of Ho Chi Minh City in An Phu Ward, Thu Duc City, the 117.4-hectare palatial master plan aims to become the new center of Ho Chi Minh City, with various products and world-class facilities.

The first public facility is phase 1 of the canal and Fountain Festival, which was put into operation in September 2022.

The launch generated a considerable buzz and attracted thousands of attendees from Chi Minh City.

About Masterise Homes

Masterise Homes, a member of Masterise Group, is a pioneer in bringing world-class excellence to the development, operations, and management of luxury real estate products and services in the Vietnamese market and beyond.

With a one-of-a-kind portfolio comprising the largest branded residences in Southeast Asia, Masterise Homes demonstrates world-class capabilities via a strategic partnership with Marriott International, the largest hotel brand in the world with iconic brands of Marriott, JW Marriott, The Ritz-Carlton, and ELIE SAAB to elevate Vietnam’ s position on the global property map.

Source: https://tuoitrenews.vn/news/business/20221202/masterise-homes-launches-the-global-city-sales-showroom-vietnams-largest-lifestyle-hub/70311.html

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