On September 23rd, in the Song Luy commune, Bac Binh district, Binh Thuan province, the Binh Thuan Photovoltaic Investment Joint Stock Company held the Ceremony for starting construction of the Song Luy 1 SPP.

Vietnam’s leading dairy processor, Vinamilk, has spent nearly US$19.74 million acquiring a 51% stake in Lao–Jagro Development Xiengkhouang Co., Ltd, which is headquartered in Laos’ Xiengkhouang Province, aiming to develop a complex of hi-tech beef-dairy farms.

Japan’s Nippon Steel & Sumikin Bussan Corp has acquired a 10.54 per cent holding in Ho Chi Minh City-based steel processor QH Plus while Vietcombank is selling its shares in other lenders to meet the legal requirement of consolidation.

The Asian Development Bank (ADB) has projected Vietnam will grow 6.9 percent this year, lower than its previous forecast of 7.1 percent made in April.

CJ Group today announced the opening of a new CJ Vina Agri Feed Production Plant in An Hoa Industrial Zone in the central province of Binh Dinh.

The sales of Fast-Moving Consumer Goods (FMCG) of traditional and modern trade channels (measured in urban areas only) slightly rose by 0.7 percent in the second quarter (Q2) of 2018. 

According to a new governmental decree, rice-exporting businesses will no longer be required to own rice storage, paddy milling and grinding facilities with processing capacities of 5,000 tonnes of rice and 10 tonnes of paddy per hour, respectively.

Construction for a 40.6MW solar power plant started in the Mekong Delta province of Long An on September 16.
 

Vietnam-focused private equity firm Mekong Capital has completed the divestment of Minh Hoang Garment, the last portfolio company in its Mekong Enterprise Fund. 

South Korea’s SK Group is investing $470 million in Vietnamese listed conglomerate Masan Group in a deal that will make it the largest shareholder in the company.