Ten companies are sounding out shareholders to temporarily switch their listing from the Ho Chi Minh Stock Exchange to the Ha Noi Stock Exchange since the former’s system is overloaded and smooth trading has become difficult.
The Mid-Autumn Festival is a time for mooncakes, a baked pastry that symbolises family res and which is traditionally consumed as part of the celebrations.
Vietnamese confectionery businesses have upgraded production technologies to improve quality and efficiency, and developed new product lines to retain market share at home and also boost exports amid fierce competition.
Vietnamese agriculture and food company PAN Group Joint Stock Company (PAN) has just offered to buy more than 7.7 million shares of Bibica Corporation, one of the leading confectionery businesses in Viet Nam.
Confectioner Bibica Corporation (BBC) announced revenues of VND1.17
trillion (US$52.2 million), and pre-tax profits of VND107 billion ($4.7
million) in 2015, which was 40 per cent higher than the previous year.
Confectioner Bibica Corporation (BBC) has announced first half pre-tax
profits of nearly VND24 billion (US$1.1 million), four times the VND6
billion ($284,000) it earned during the same period last year.
Leading domestic confectioners including Bibica, Kinh Do, Trang An,
Biscafun and Hai Chau have basically completed plans to prepare goods
for the upcoming Tet (Lunar New Year), which falls on January 31, 2014.
Enterprises in HCM City have basically completed plans to prepare goods
for the upcoming Tet (Lunar New Year) holiday, which falls on January
31, 2014, according to the municipal Department of Industry and Trade.
South Korean firm Lotte announced that it would purchase an additional
686,000 shares in confectionery company Bibica (BBC) from October 18 -
23, increasing its stake to 43.1 per cent.
Confectionery production will see the highest growth in the food
technology industry, Vu Quang Hung, deputy head of the Ministry of
Industry and Trade''s Institute for Industry and Strategy Policies, has
said.