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.
The data was updated by the World Instant Noodles Association (WINA) on May 11.
Compared with 2015, Vietnam's market has rebounded after falling from the peak of 5.2 billion noodle packages in 2013.
Vietnam's instant noodles consumption has declined over the last few years as annual average consumption continues to be high.
By 2015, it is estimated that each Vietnamese consumes 52 packs of noodle, just lower than that of South Korea (73 packs).
Many other countries also experience the lower demand of instant noodle, except India with a rise of 30% last year.
In Vietnam, Vina Acecook, Masan Consumer and Asia Foods are the three largest producers, accounting for 70% of the instant noodles market.
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.