Vietnamese companies leading the fast-moving consumer goods (FMCG) market could be acquisition targets for foreign firms in the near future.
VOV.VN - Confectioneries are indispensable in Vietnamese homes during Tet or traditional Lunar New Year festival. Though Tet won’t arrive for another month, the confectionery market is already bustling.
VOV.VN - Mooncakes under Mondelez Kinh Do’s brands have been exported to the US and China so far this year for the upcoming Mid-Autumn Festival.
The food group KIDO (KDC), formerly Kinh Do Corporation, has set a goal of VND7.7 trillion (US$339.3 million) in revenue for 2017, three times higher than that of 2016.
Two major state-owned confectionery firms, Huu Nghi and Hai Ha, recently transferring to private ownership is expected to pave the way to becoming market leaders.
Market observers see a positive outlook in the long term for Vietnamese confectionery exports.
The Mondelez Kinh Do Vietnam company shipped the first batch of moon cakes to the US on July 4, targeting Asians living in the country.
Three Vietnamese technology and telecommunications groups have been shortlisted in the 40 most valuable Vietnamese brands selected by Forbes.
Kido Group plans to dominate the consumer food market in 2016 by making aggressive merger and acquisition deals.
Experts say the new mechanism for exchange rate introduced by the State Bank of Vietnam (SBV) has created flexibility, enabling both credit institutions and enterprises to exercise greater control over their business operations.
Confectionary makers are ready to supply plentiful, quality products at reasonable prices during Tet (Lunar New Year) that falls in early February this time.
(VOV) - Kinh Do Binh Duong JSC has announced that it has shipped 20 tonnes of moon cakes (around 100,000 pcs) to the US to prepare for the upcoming mid-Autumn festival.
Malaysia’s Felda Global Ventures Holdings Berhad (FGV) has announced its plan on cooperation in the cooking oil industry with Vietnam’s leading confectionary producer Kinh Do Corporation and regional logistics solution provider Indo Trans Logistics Corporation (ITL).
(VOV) - Kinh Do Joint Stock Company (KDC) and Saigon Ve Wong Co, Ltd on May 12 signed a joint venture contract to build an instant noodle factory in the Vietnam-Singapore Industrial Park (VSIP) in the northern province of Bac Ninh.
The future of the domestic confectionery market is positive, reported the Business Monitor International (BMI).
The Kinh Do Confectionery Corporation (KDC) on August 8 announced that it has exported five containers of mooncake to the United States and Cambodia.
Although the Full-moon Festival for children is a month away, the moon cake market is beginning to heat up with new eye-catching designs and a steady consumer purchasing power.
Vietnam’s retail market is considered one of the most profitable investment areas for foreign distributors, as it is predicted to grow at 23-25 percent annually from 2011 to 2015.