Vinacafé Bien Hoa Joint Stock Company expects to achieve net revenues of VND2.9-3 trillion (US$125.4-129.7 million) and after-tax profit attributable to shareholders of VND710-730 billion ($30.7-31.6 million) this year.
After a long period of hesitation, the Vietnam National Coffee Corporation (Vinacafe) is being pushed towards equitisation once more by the Ministry of Agriculture and Rural Development (MARD).
Masan Beverage Company Limited (MB), a wholly owned subsidiary of Masan Consumer Corporation, plans to make an offer to buy out Vinacafe Bien Hoa Corporation (VCF).
Vietnam National Coffee Corporation (VINACAFE) will begin equitisation in the third quarter of this year, according to Deputy Minister of Agriculture and Rural Development Ha Cong Tuan.
Masan Beverage Company Limited (Masan Beverage) has offered to buy 9.84
per cent of Vinacafe Bien Hoa Joint Stock Company to raise its ownership
in the coffee producer to 70 per cent.
Coffee manufacturer Vinacafe Bien Hoa Joint-Stock Company (VCF) has
announced that it will acquire an 85 per cent equity interest in CDN
Production Trading Corporation to expand its coffee R&D platform and
increase its production capacity.
According to a recent report by the Ministry of Industry and Trade, there has been a sharp increase in the number of companies seeking a licence to export rice.