Asia Bakery and Confectionery JSC, known as ABC Bakery, will export 10,000 boxes of mooncakes (40,000 mooncakes) under its new product line to the US this year, Kao Siêu Lực, the company’s general director, said.
ABC World Asia, the Singapore-based private equity fund specialised in impact investing across Asia, has announced it has led a US$24-million Series B round in Kim Dental.
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.
The bakery market has enjoyed compounded annual growth of 20-30 per cent in recent years and is worth US$700 million now, the chief of one of the country’s largest bakery chains has said.
Over 50 leading US companies has set foot in the capital city to explore business opportunities in activities organised by the US-ASEAN Business Council (US-ABC).
The Asia Bakery and Confectionery Pte.Ent, known as ABC Bakery, has wrapped up export procedures for its first container of moon cakes (60,000 moon cakes) to be shipped to the US to be sold at supermarkets there.
Foreign companies are interested in investing in giant projects like oil refineries and deep-water ports in the central provinces of Phu Yen and Binh Dinh.
Members of the ASEAN Bahrain Council (ABC) have expressed interest in importing more textile and wood products from Viet Nam to Bahrain, Vo Tan Thanh, director of HCM City-based Viet Nam Chamber of Commerce and Industry, said.
The domestic small- and medium-sized enterprises
(SMEs) should define positions in the global supply chain to gain
success in integrating into the world economy.
The EU-Viet Nam Free Trade Agreement is expected to be signed this
year. Visiting EU-ASEAN Business Council (EU-ABC) Executive Director
Chris Humphrey spoke to Viet Nam News about likely impacts of the FTA on Vietnamese businesses. The EU-Viet Nam free trade agreement...