TTC exports second batch of molasses to Australia Thành Thành Công Trading Joint Stock Company, a member of the Thành Thành Công Group, has exported 500 tonnes of molasses to Australia to help alleviate a shortfall across Queensland state caused by an ongoing drought.

VN sugar production down 13%

Sugar output in the 2015-16 crop was 1.23 million tonnes, a year-on-year drop of 12.7 percent, said Phạm Quốc Doanh, Chairman of the Việt Nam Sugarcane and Sugar Association, at a seminar in HCM City last week of sugar producers, distributors and consumers.

VN sugar production down 13%

Sugar producers, distributors and consumers discussed production and consumption in 2015-16 and forecasts for the next season at a seminar in HCM City yesterday (Thursday).

Leading shareholders to divest from Sacombank Four leading shareholders of Sacombank (STB) have registered to sell a combined 80 million shares, or 8.3 per cent of the bank's charter capital, worth a total market value of VND2 trillion (US$95.2 million).

Entrepreneurs move to private firms Tran Kim Thanh, chairman of the HCM City Stock Exchange-listed confectioner Kinh Do Corp, and his wife registered to sell all of their 14.5 million shares in the company this month.

Dutch firm builds food plant in Binh Duong A subsidiary of the Dutch-owned Padifood Group on Thursday (Dec 2) began construction of a plant in Binh Duong Province that will make noodles, vermicelli, instant gruel, and other products.

French agency to finance hydropower plant Electricity of Viet Nam has signed a deal worth US$100 million with the French Development Agency to finance the Huoi Quang hydropower plant.