Tag: market fragmentation

"Addressing the concerns of the business community regarding land-related issues, Minister of Agriculture and Environment, Do Duc Duy, shared insightful news. In a bid to facilitate a more efficient process for businesses, the Ministry is crafting a decree on decentralization and delegation of authority. A key proposal within this decree is to transfer the authority of the Prime Minister to the Provincial People's Committee Chairmen, a move designed to streamline decision-making and provide much-needed ease to entrepreneurs navigating land matters."

Mr. Bui Hoang Sang, CEO of International Dairy Products Joint Stock Company (UPCoM: IDP), has demonstrated his confidence in the company's prospects by purchasing 15,000 IDP shares worth over VND 2.8 billion. This move signals a strong vote of faith in the company's future, especially as it comes just over a month after two other executives completely divested their holdings. Mr. Sang's purchase, at a 15% discount to the market price, showcases his belief in the company's long-term growth and potential.

Vietnam boasts an impressive annual production of over 20 million tons, solidifying its position as a prominent player in the global agricultural landscape.