Cen Land transforms into real estate developer with bold goals
Cen Land is shifting from brokerage to development, targeting a 170% revenue increase and 424% profit growth in 2025.
$61.8 million earned from shrimp exports to country in first quarter, up 30.8% y-o-y and representing a market share of 49%.
Vietnam has become the largest provider of shrimp to South Korea, with a 49 per cent market share.
The result comes one year after the free trade agreement between the two countries became effective.
In the first quarter of this year, Vietnam earned US$61.8 million from shrimp exports to South Korea, up 30.8 per cent year-on-year.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam’s exports are subject to an import tax of just 10 per cent, unlike its competitors such as China, India, and Ecuador.
From April 1, 2018, a major change will affect Vietnamese shrimp exports to South Korea, as frozen shrimp imports will be required to be accompanied by import certificates under adjustments to the import regulations of South Korea’s National Fishery Products Quality Management Service under its Ministry of Ocean Fisheries, to protect the country’s aquatic ecosystem.
Mr. Tran Van Pham, General Director of the Stapimex company in the Mekong Delta’s Soc Trang province, was quoted by the Vietnam News Agency as saying that from April 1, 2018, the testing of seafood samples before exporting to South Korea will be implemented in Vietnam, which means Vietnamese firms will have to pay for the costly process.
To offset the costs, enterprises will lower the buying price of seafood materials, which will affect farmers and the sector as a whole, he said.
Cen Land is shifting from brokerage to development, targeting a 170% revenue increase and 424% profit growth in 2025.
Menas Group has entered a strategic partnership with Keppel to co-develop an integrated ecosystem of lifestyle services across Keppel’s real estate projects in Vietnam, beginning with the landmark Celesta City development in Saigon South.
Phuc Sinh’s expansion underscores Vietnam’s growing role in sustainable agriculture and its increasing appeal to global investors
PVI Asset Management (PVI AM) and SonKim Capital (SK Capital), a business unit of SonKim Group has announced a strategic collaboration to develop innovative real estate investment products tailored for institutional investors and high-net-worth individuals.
Filum AI has successfully raised $1 million in funding despite a challenging venture capital market, underscoring the potential of AI and shifting investment strategies.
Enterprises are advised to promptly assess and evaluate the impact of the changes in the newly-issued to ensure timely compliance in the upcoming tax finalization period.