The Republic of Korea’s CJ CheilJedang Corporation (CJ) is planning to pick up a stake in State-owned Vietnam Meat Industries Limited Company (VISSAN), which is working to be equitised in 2015.
The Republic of Korea’s CJ CheilJedang Corporation (CJ) is planning to pick up a stake in State-owned Vietnam Meat Industries Limited Company (VISSAN), which is working to be equitised in 2015.
CEO Kim Chul Ha revealed his company’s plan at a meeting with Vice Chairman of the Ho Chi Minh City People’s Committee Tat Thanh Cang on October 29.
Kim said he believed that as a leading processed food manufacturer in the RoK, CJ will make a great contribution to the development of VISSAN.
He also unveiled the firm’s intention to purchase shares in other State-owned enterprises (SOEs) that are scheduled to go up for initial public offerings (IPOs) this year. It will help speed up the equitisation progress of the city’s SOEs, he said.
When CJ becomes one of VISSAN’s shareholders, it will work to develop the Vietnamese firm’s technological foundations that enable a wider range of products while maintaining its core values and culture, the CEO assured.
For his part, Vice Chairman Cang said HCM City welcomed CJ’s investment in VISSAN, as processed food is one of the city’s four key industries.
He noted that the city is discussing a proper IPO roadmap for VISSAN and vowed that the IPO will be conducted in accordance with current laws in which the transparency and equality between domestic and overseas investors are ensured.
CJ CheilJedang Corporation has operated in Vietnam since 1998, earning 600 million USD per year. Its four core businesses are food and food services, bio and pharmaceuticals, entertainment and media, and home shopping and logistics.
VISSAN, founded in 1970, is among the country’s top manufacturers and exporters of fresh livestock, poultry meat and processed food.-VNA
The Government has issued regulations on further tightening the supervision on State capital directed into enterprises, in a move to assure investments are increasingly effective.
A total of 109 state-owned enterprises have completed equitisation as of the end of September, said Pham Tuan Anh, Deputy Director of the Enterprises Renovation Department under the Government Office.
Dang Quyet Tien, Deputy Director of the Ministry of Finance's Corporate Finance Department, speaks to Thoi bao Kinh te Viet Nam (Vietnam Economic Times) about the delay in the sale of SoE stakes.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Sausage production in VISSAN. (Photo: VNA)
