Revenues have been rising for three years for state-owned Vinataba, but its profits have fallen off the cliff.
Though the growth of the sweets market has slowed down, it is still attracting investors.
Prime Minister Nguyen Xuan Phuc, who is also Secretary of the Government’s Party Civil Affairs Committee, has issued directions regarding the imposition of disciplinary measures against former Minister of Industry and Trade Vu Huy Hoang.
Japanese brewer Sapporo Holdings is launching a cheaper beer brand later this month, marking its expansion from the high-end segment of the Vietnamese beer market.
The Vietnamese government has recently stubbed out cigarette monopoly producer Vinataba’s self-serving ambitions to rid the local market of popular brands from Indonesia’s Sumatra Tobacco.
The Vietnam National Tobacco Corporation (Vinataba) plans to produce 36,000 tonnes of confectionery this year in a bid to increase its market share in the domestic market.
(VOV) - Vietnam Tobacco Import Export Company (Vinataba) officials have made a fact-finding tour of Ghana and Sierra Leon to increase cigarette exports to these markets.