Daesang Duc Viet JSC held an opening ceremony for Hung Yen Factory No. 2 on May 13, marking a new milestone in its production expansion.

Starting with an initial investment of just VND2 billion ($88,106), after 16 years of operation, Duc Viet Food JSC, known by its familiar brand name Duc Viet Sausage, was successfully acquired by Daesang Group of South Korea for a total purchase price of VND700 billion ($30.84 million). Hua Xuan Sinh, vice chairman of the Board of Directors cum general director of Duc Viet since establishment, has shared three tips that helped the company achieve miracle growth. Starting with an initial investment of just VND2 billion ($88,106), after 16 years of operation, Duc Viet Food JSC, known by its familiar brand name Duc Viet Sausage, was successfully acquired by foreign investors for a total purchase price of VND700 billion ($30.84 million). Hua Xuan Sinh, vice chairman of the Board of Directors cum general director of Duc Viet since establishment, has shared three tips that helped the company achieve miracle growth.  

South Korean food-producing conglomerate Daesang Corp. Has completed the acquisition of a 99.99 per cent stake in Vietnamese meat processor and distributor Duc Viet Food Joint Stock Company for $32 million in September, fetching the Korean company a bridgehead in the Southeast Asian meat processing market.

South Korean food-producing conglomerate Daesang Corp. has decided to buy a 99.99 per cent stake in Vietnamese meat processor and distributor Duc Viet Food Joint Stock Company for $32 million, according to newswire Pulsenews.com.

The People's Procuracy on May 16 proposed the court reject appeals for reduced sentences from former Health Minister Nguyen Thanh Long and General Director of Viet A Technologies JSC Phan Quoc Viet in the Viet A case.

Vice Chairman of the National Assembly Uong Chung Luu on December 31 handed the resolution of the National Assembly Standing Committee on the establishment of Thu Duc City to the leaders of Ho Chi Minh City.

The Ministry of Planning and Investment sent a message to the southern province of Long An last week, urging the provincial authorities to take stronger actions to reassure foreign investors following a dispute over fee payments between a Japanese firm and a local industrial park developer, which caused concerns about Vietnam’s investment climate.

Ngo Thinh Duc, former Deputy Minister of Transport (MoT), received an Economic Development Cooperation Fund (EDCF) recognition award on December 4.

The just-established Thu Duc city is already witnessing skyrocketing property prices, with hikes of around 30 per cent reminding local authorities of the need for special policies to manage the market.

Thuan Duc JSC, a packaging firm in northern Vietnam, is planning to boost exports of recycled shopping bags to the EU and the US to cash in on growing demand and to benefit from the EU-Vietnam Free Trade Agreement.

“Acts instead of words, and the results will tell the difference” is the lodestar in the life and work of Truong Thanh Long, chairman of privately-held Tri Duc Corporation, who has taken bold steps in building a premier hotel-condotel complex in the centre of the Bai Chay tourism hub in Quang Ninh province.

With the city of Hanoi planning to increase its volume of urban districts, Hoai Duc to the west of the capital is set to receive more attention from investors, thanks to its favourable transportation connections and comparatively affordable land prices.

Banh Duc (plain rice flan) is considered one of the most rustic and simple dishes of Hanoi, however the way to serve it varies thanks to Hanoian connoisseurs.

Tycoon Nguyen Duc Kien, former vice chair of ACB Bank, is in court today facing charges of major crimes that caused huge losses to a local bank.

Issuing corporate bonds and false business plans for real money from banks were the main illegal trading tactics of arrested banking mogul Nguyen Duc Kien, said a central police agency under the Ministry of Public Security.