Vinafood 2 pushes off equitisation to January 2017

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Báo Đầu Tư English 2 month(s) ago

Vietnam Southern Food Corporation Limited (Vinafood 2) has been authorised to extend its equitisation deadline to January 30, 2017, according to newswire Bnews.vn.

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Vinafood 2 to be reviewed after posting losses

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Báo Dân Trí English 2 month(s) ago

Deputy Prime Minister Vuong Dinh Hue has ordered the State Audit Office of Vietnam to review enterprise values and deal with financial problems at Vietnam Southern Food Corporation Limited (Vinafood 2) after it reported millions of USD in losses.

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Miliket: Instant noodle empire in hot water

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Báo Đầu Tư English 2 month(s) ago

Miliket, once the king of Vietnamese noodles ruling over about 90 per cent of the domestic market, is struggling to keep its head above the water amid current cut-throat competition.

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Food corporation faces huge losses

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Báo Dân Trí English 2 month(s) ago

Vietnam Southern Food Corporation Limited (Vinafood 2), one of Vietnam’s two biggest food corporations, has racked up USD47.6 million in losses.

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Government to retain 65% in Vinafood 2 after equitisation

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Báo Đầu Tư English 3 month(s) ago

Government to retain 65% in Vinafood 2 after equitisation

The Viet Nam Southern Food Corporation (Vinafood 2) plans to equitise, selling a 35 per cent share to strategic investors and employees, Huynh The Nang, its general director, said.

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Vinafood2’s violations damage over US$9.3 million

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SaiGon GP English 13 month(s) ago

Vinafood2’s violations damage over US$9.3 million

The Government Inspectorate yesterday announced that Vietnam Southern Food Corporation (Vinafood2) and some subsidiaries broke many regulations in management, capital and asset use in 2012-2013 causing a total damage of VND206 billion (US$9.3 million).

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Jasmine fragrant rice to be developed as national rice brand

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VOV News English 14 month(s) ago

Jasmine fragrant rice to be developed as national rice brand

The Vietnam Food Association (VFA) has decided that Jasmine, a type of fragrant rice, will be developed into the country’s national rice brand.

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Jasmine fragrant rice to be developed as Vietnam’s national rice brand

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VietnamNet English 14 month(s) ago 1 related news

Jasmine fragrant rice to be developed as Vietnam’s national rice brand

VietNamNet Bridge - The Vietnam Food Association (VFA) has decided that Jasmine, a type of fragrant rice, will be developed into the country’s national rice brand.

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Farm sector catalyst for change

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VOV News English 17 month(s) ago 1 duplicate news

Farm sector catalyst for change

The agriculture and rural development sector would promote restructuring of State-Owned Enterprises (SOEs) and withdrawal of capital from non-core business in the second half of this year, according to the Ministry of Agriculture and Rural Development.

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Rice exports: Vietnam fails with low-price export strategy

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VietnamNet English 19 month(s) ago

Rice exports: Vietnam fails with low-price export strategy

VietNamNet Bridge - Though Vietnam offered the lowest bidding price among three tenders, it was not chosen as the supplier by the Filipino National Food Authority (NFA).

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More State-owned corporations to go equitisation

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VietnamPlus English 21 month(s) ago

More centrally-run State-owned corporations will go equitisation this year, according to the party committee of the group of centrally-run State-owned corporations.

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Vinafood 2 flooded by debts

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Báo Đầu Tư English 22 month(s) ago 1 duplicate news

Vinafood 2 flooded by debts

Vietnam Southern Food Corporation Limited (Vinafood 2), one of Vietnam’s two biggest food corporations, is facing the massive total debt of VND1 trillion ($46.6 million) due to the ineffective operation of subsidiaries.

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Rice purchase in Mekong Delta meets 8 percent of plan

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VietnamPlus English 22 month(s) ago

Provinces in the Mekong Delta have so far fulfilled only nearly 8 percent of the government plan to purchase and stockpile one million tonnes of rice in the winter-spring crop 2014-2015.

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Vinafood 2 to export 300,000 tonnes of rice to Philippines

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VietnamPlus English 23 month(s) ago

The Vietnam Southern Food Corporation (Vinafood 2) has won a contract of supplying 300,000 tonnes of 15-25 percent broken rice to the Philippines, reported the Sai Gon Giai phong daily.

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Steps to correct derailed investments

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VietnamNet English 24 month(s) ago

Steps to correct derailed investments

VietNamNet Bridge – Huynh The Nang, general director of Vietnam Southern Food Corporation (Vinafood 2), told The Saigon Times Daily about solutions to settle huge debt and lead the State-run corporation to a new stage of development. Excerpts:

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