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Food giants posts rising revenue from instant noodles

Food giants posts rising revenue from instant noodles

Food giants in Vietnam have seen increasing revenues from instant noodles, taking advantage of a large and growing market. Acecook Vietnam, a unit of Japan-headquartered Acecook, saw its revenue surpassing VND10 trillion ($427.30 million) in 2019 and climb to VND12.2 trillion last year, claiming the top spot in Vietnam’s instant …

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VN-Index slips 4 points

VN-Index slips 4 points

Vietnam’s benchmark VN-Index dropped 0.35 percent to 1269.18 points Friday. The index closed 4.5 points lower after losing 1.6 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 2.8 percent to VND14.92 trillion ($637.53 million). The VN-30 basket, comprising the 30 largest capped stocks, saw …

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Hotel industry to grow by $2 bln by 2026: U.S. market research firm

The Vietnamese hospitality market will grow by US$2.12 billion from 2021-2026, U.S. market research and advisory company Technavio has forecast. It attributed the likelihood to Vietnam’s consistent economic growth and the substantial increase in per capita disposable income. This year it forecast the market to grow by 13.44% as Vietnam …

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