Japanese pin hopes on Vietnam’s market New Japanese joint ventures in Vietnam are providing the evidence that Vietnam is becoming a haven for trusting investments as the globe attempts to fight out of the pandemic recessions. Meiji’s infant formula business in Vietnam mainly imports products from Japan and sales are growing steadily. The number of births per year in Vietnam is 1.5 million or approximately 1.7 times higher than that of Japan, and the market is expected to continue to expand in the future. By establishing a new company in Vietnam, Meiji aims to conduct more timely and effective sales activities and conduct business operations rooted in the region. Meanwhile, Sojitz Corporation and Vietnam Livestock Corporation JSC (VILICO), a company of the country’s leading dairy group Vinamilk, have reached an agreement to establish a new joint venture for the purpose of importing, processing, and selling beef products in Vietnam. Vietnam’s annual beef … [Read more...] about VIETNAM BUSINESS NEWS APRIL 17
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Stuff The isolated West Coast Christian community of Gloriavale has set itself apart from the rest of society for more than 50 years. Running an airline, farming close to 7000 cows and deer, oil and gas exploration, hosting wealthy Americans on hunting expeditions, and selling sphagnum moss to Disneyland. The Gloriavale Christian Community’s business empire has certainly been diverse, but what would happen if the enterprises that earned the tax-exempt registered charity $21.2 million last year could no longer use volunteer labour? On top of investigations into allegations of child abuse and a civil lawsuit seeking to remove trustees for allegedly breaching their duties, there is growing unease about the extent of Gloriavale’s unpaid workforce . The most recent evidence of that came when a community company lost a contract to make Moo Chews milk-bites after a backlash from consumers and distributors when they learned a Gloriavale factory made the children’s snack … [Read more...] about What now for Gloriavale Christian Community’s $41m business empire?
At least 13.9 million of the nation’s small businesses are at serious risk of shuttering their doors by April 1, a recent industry report found. Forty-four percent of the country’s 31.7 million small businesses are at risk of closing by the end of the first quarter, according to small business group Alignable . Small businesses on the brink of closure expect to earn less revenue than their owners estimate is needed to stay afloat. “Customer confidence in their future cash flow is low right now,” a surveyed small business owner said, according to Alignable. “And so discretionary spending, which our business is based on, is significantly restricted. We need customer confidence to elevate to bring them back and make them feel comfortable spending their money.” “My income has dropped to zero,” another small business owner said. (RELATED: Nation’s Top Small Business Group Doubles Down In Minimum Wage Fight) A woman in a face mask walks by a sign posted on a boarded … [Read more...] about ‘My Income Has Dropped To Zero’: About 45% Of Small Businesses Risk Closure Within Months
THE bull market of 2020 has attracted the vibrancy of many sorts, from the heightened retail participation and also the number of memorandum of agreement (MoU) dished out. StarBizWeek tracked at least 133 MoUs, memorandum of collaborations and memorandum of agreements inked by listed companies in Malaysia from last March up until yesterday. A MoU is a non-binding agreement or what the legal world refers to as the gentleman’s agreement, commonly used to signify the willingness of at least two parties to work together in an area of common interest in the future. Since it is not something that is able to be legally enforced, there are no financial or legal implications involved if both parties fail to find a common ground. And when one talks about MoUs, many will remember Tan Sri Amin Shah Omar Shah, who was given the moniker “King of MoUs” back then, known for the many MoUs he has inked but hardly any came to fruition. Being a corporate leader who once led several listed … [Read more...] about The question of MoUs materialising
The rent in industrial zones (IZ) has increased rapidly. Some provinces in the eastern part of the south have no more land to lease, while investments in the processing and manufacturing industry continue to rise. Demand surges Only two small investment projects were licensed in the HCMC Hi-Tech Park (SHTP) in the first five months of the year with total investment capital of $7 million, a low figure if noting that $500 million worth of investment pledged in SHTP each year. According to the hi-tech park board of management, many investors have come to learn about investment opportunities so far this year, but there is little clean land that can satisfy the requirements. The representative of the Vietnam-Singapore Industrial Park (VSIP) confirmed that there has been no land for new investors in the last half year. Though the building of infrastructure items in VSIP 3 IZ has not been completed, tens of investors have registered to lease land. Meanwhile, the rent in … [Read more...] about Industrial real estate developers see windfall as demand soars