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Vinafood 2
Update news Vinafood 2
SOE equitization: state takes loss, and investors lose money
Many state-owned enterprises (SOEs) have been equitized but have not seen considerable changes as the state's ownership ratio remains high. Many of them are still taking losses and struggling to survive.
Food Corp asked to punish wrongdoers
The Ministry of Agriculture and Rural Development has asked Vinafood 2 to review and punish individuals or groups associated with the corporation’s “mistakes” that have caused losses to the State budget.
Giant rice exporter incurs huge loss
VietNamNet Bridge - The Southern Food Corporation, also known as Vinafood 2, one of two of Vietnam's largest rice exporters, has reported an accumulative loss of VND1 trillion.
Vietnam’s rice, although top-rated, is a poor money earner
VietNamNet Bridge - Vietnam has been listed among the top three countries which provide the most delicious rice in the world. However, Vietnam still cannot export ‘the pearl from God’ to many countries.
VN Gov't urged to break up monopoly of big food corporations
VietNamNet Bridge - Vietnam needs a strong national rice brand. But to do this, it is necessary to eliminate the monopoly enjoyed by the two largest food corporations.
Steps to correct derailed investments
VietNamNet Bridge – Huynh The Nang, general director of Vietnam Southern Food Corporation (Vinafood 2), told The Saigon Times Daily about solutions to settle huge debt and lead the State-run corporation to a new stage of development. Excerpts:
BUSINESS IN BRIEF 11/5
Ministry rejects fuel price hike proposal; Petrolimex’s announced losses turn out to be profits; Vinafood 2’s loose management at fault for massive losses; Bentley unveils official dealership in Vietnam
