February 5, 2025 | 19:50 GMT +7

  • Click to copy
Saturday- 06:50, 06/07/2024

Strengthening exportation of Vietnamese spring rolls and processed shrimp to the world

(VAN) CJ Group wishes to further invest in Vietnam in the fields of food processing and to enhance food exports such as spring rolls and processed shrimp.
Prime Minister Chinh suggested that CJ continue to expand its investments in Vietnam with higher quality, considering Vietnam as a strategic market, and achieving success together with Vietnam. Photo: VGP/Nhat Bac.

Prime Minister Chinh suggested that CJ continue to expand its investments in Vietnam with higher quality, considering Vietnam as a strategic market, and achieving success together with Vietnam. Photo: VGP/Nhat Bac.

During the last day of his visit to South Korea, Prime Minister had a meeting with Mr. Sohn Kyung Sik, the Chairman of CJ Group this Wednesday. 

CJ is a South Korean global corporation that was founded in 1953. It operates in various industries including food and food services, biotechnology, logistics, retail, and culture. CJ has engaged in investment activities in Vietnam since 1998, allocating a cumulative investment amount of USD 1 billion. The company currently possesses 24 subordinate firms, generating a revenue of USD 1.4 billion in 2023, and employing a workforce of 11,200 individuals.

At the meeting, CJ put forward multiple ideas about Vietnam's standards system, taxation in cattle farming, administrative procedures, and other related matters. Vietnam is the regional headquarters for CJ, and CJ plans to increase its investments in Vietnam's food processing industry and enhance the export of items including spring rolls and processed shrimp. The objective of this program is to globally promote Vietnamese culinary culture, as well as its presence in logistics, cultural industries, and biotechnology.

The Prime Minister commended CJ's efficient business operations in Vietnam and urged CJ to extend its investments, highlighting Vietnam as a pivotal market for shared prosperity. Emphasis was placed on collaboration in livestock agriculture, eco-friendly food processing, advanced technology, logistics, entertainment services, cultural industries, and biotechnology. Additionally, the integration of a greater number of Vietnamese products into CJ's worldwide supply chain was emphasized.

The Prime Minister also commended CJ's policy suggestions, affirming that government agencies will thoroughly examine and integrate these proposals into the policy supplementation and enhancement procedures. When new rules are implemented, certain measures will be put in place to guarantee smooth transitions and protect enterprises from negative consequences. Furthermore, there was a strong emphasis on intensifying anti-smuggling measures in order to safeguard indigenous industry.

Prime Minister Pham Minh Chinh held meetings with top executives from prominent South Korean businesses such as CJ, Posco, LG, Daewoo E&C, GS Engineering & Construction Corp, Celltrion, and KDB Bank, all on the same day.

The conglomerate leaders expressed their satisfaction with Prime Minister Pham Minh Chinh's visit to South Korea and their belief in the strong and growing growth of bilateral relations. They expressed great admiration for the progress made in Vietnam's investment and economic environment.

The conglomerates were encouraged to increase their interests in Vietnam. Prime Minister Chinh stated that the Vietnamese government will provide continuous support and assistance to these conglomerates in their investment, construction, and development projects in Vietnam, with the aim of delivering efficient and effective outcomes that benefit all parties involved.

Author: Quynh Chi

Translated by Linh Linh

Poultry giants to merge business in Russia

Poultry giants to merge business in Russia

(VAN) Tkachev’s agricultural complex– fourth in the list of the largest poultry producers in Russia – is set to purchase the third-biggest manufacturer, Prioskolie, Russian business newspaper Kommersant reported, citing sources close to the deal.

Vietnam's rice exports surpass 165 million USD in early January

Vietnam's rice exports surpass 165 million USD in early January

(VAN) Vietnam exported nearly 270,000 tons of rice, valued at 165 million USD, during the first half of Jan 2025, a 23% increase from the previous year.

China on pace for record grain production

China on pace for record grain production

(VAN) China, which is the world’s largest wheat and rice producer, is expected to slightly increase its rice output in 2024-25 to 145.3 million tonnes.

Cinnamon exports bring in hundreds of millions of dollars

Cinnamon exports bring in hundreds of millions of dollars

(VAN) Thanks to stable production, cinnamon exports in 2024 grew in both volume and turnover, bringing the country hundreds of millions of dollars.

Vietnam buys 90% of Cambodia's cashew nut output

Vietnam buys 90% of Cambodia's cashew nut output

(VAN) Cambodia is currently one of the countries with the largest output of cashew nuts in the world, with 90% of raw cashew nut output sold to Vietnam.

Rice exports account for the majority of export surplus to the Philippines

Rice exports account for the majority of export surplus to the Philippines

(VAN) Rice exports to the Philippines grow strongly in 2024 and account for the majority of Vietnam's export surplus to this market.

Corn, soybean futures rally on USDA data

Corn, soybean futures rally on USDA data

(VAN) Bringing the bulls to market was the USDA’s downward revision of 2024-25 forecasts for US corn and soybean carryover, production and yields.

Read more