IDI, a subsidiary of the Sao Mai Group, is one of the top five exporters of tra fish in Vietnam and processes tra fish with a focus on sustainability. Notably, this green bond complies with the ICMA’s Green Bond Principles, has an eight-year maturity, and is guaranteed by GuarantCo, a member of the PIDG. This transaction marks a significant step forward in promoting green finance in Vietnam, aligning with the Sustainable Development Goals (SDGs), including SDG 14 (Life Below Water).
The funds raised from this bond issuance will be used by IDI to develop strategic projects, including the USA Seafood Processing Plant (phase two) and the Sao Mai High-tech Aquaculture Center. These projects aim to expand the export market to the Americas, a region with strong purchasing power and significant potential for growth. Additionally, they will improve production efficiency, increase productivity and profitability, and support sustainable livelihoods for local farmers.
The Prime Minister’s Fifth Inspection of the Long Thanh Airport Project Site
On December 3rd, Prime Minister Pham Minh Chinh visited Dong Nai to inspect the progress of two key infrastructure projects: the Long Thanh International Airport and the Bien Hoa-Vung Tau Expressway. With a keen eye for detail, the Prime Minister assessed the development of these projects, which are expected to boost economic growth and connectivity in the region.
The Province’s Proposal: An Unprecedented Project. Will the Prime Minister Approve?
“Vietnam’s leading growth province is embarking on an unprecedented project, akin to the model implemented in the city of Danang. With a vision to pioneer a transformative initiative, the province aims to set a new benchmark, leveraging its thriving economy and dynamic landscape.”
The Ministry of Industry and Trade Demands Temu to Stop Offering Lucrative Commissions and Incentives to Lure Users into its Business Model.
The Ministry of Industry and Trade has instructed Temu to discontinue any commission-based or incentive programs that encourage users to engage in business activities in Vietnam.
The Imminent 5% Global Workforce Cut: Cargill’s Business Ventures and Strategies in Vietnam
The global agricultural powerhouse, Cargill, has announced plans to cut approximately 5% of its global workforce. This decision comes amidst declining profits due to falling food prices, prompting the company to take action to stay competitive in the market.
The Singaporean Real Estate Titan: A $4 Billion Investment Story in Vietnam’s Metropolitans
The Saigon Centre, a prominent mixed-use development project, stands as one of this Singaporean giant’s most remarkable endeavors.
