Russian firm becomes Vietnam's largest pork supplier
Russian food supplier Miratorg announced that it has exported 40,000 tonnes of pork to Vietnam so far this year and become the country’s largest meat provider.
Hanoi (VNA) – Russian food supplier Miratorg announced that it has exported 40,000 tonnes of pork to Vietnam so far this year and become the country’s largest meat provider.
Miratorg said that it has won 33 percent of the pork market share in Vietnam.
With high demands and convenient logistics conditions, Vietnam has been one of the promising Southeast Asian markets for Russian food suppliers.
Miratorg has signed a cooperation agreement with Vietnam’s An Binh Trading Development and Import-Export JSC, a subsidiary of TNT Group, on increasing fresh meat supply.
Established in 1995, Miratorg Holding is one of the leading pork and beef suppliers in Russia./.
Vietnam imported more than 141,000 tonnes of pork worth 334.4 million USD in 2020, representing a rise of 382 percent and 500 percent over the previous year, respectively, customs statistics showed.
Russia earned 130.5 million USD from exporting 63,500 tonnes of pork and viscera to Vietnam in 2020, equivalent to 25 percent of Vietnamese pork imports, thereby becoming the largest pork supplier to the Southeast Asian nation.
Vietnam's total import turnover of livestock products in the first six months of 2021 is estimated at 1.82 billion USD, a year-on-year increase of 8.9 percent.
China was Vietnam’s largest meat buyer, among its 14 foreign markets, in October, according to the Ministry of Industry and Trade’s Agency of Foreign Trade.
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.