Vietnam confectionary market competition heats up

Vietnam confectionary market competition heats up

The competition in the Vietnamese confectionery market has become fiercer with the return of KIDO Group (KDC) two years ago.
The PAN Group to press on with Bibica and VFC acquisitions

The PAN Group to press on with Bibica and VFC acquisitions

The PAN Group will purchase more stakes in Bibica and increase its ownership in VFC to over 50 per cent to complete its value chain in the agricultural segment.
Lotte Corporation to full divest from Bibica, making the PAN Group the largest shareholder

Lotte Corporation to full divest from Bibica, making the PAN Group the largest shareholder

Lotte Corporation will fully divest Bibica, leaving The PAN Group king of the hill at the Vietnamese confectionery maker.
Muted mid-autumn cake business anticipated this season

Muted mid-autumn cake business anticipated this season

Major players are drawing up cautious business plans as mid-autumn cake sales are forecast to be 10-20 per cent down on-year due to COVID-19.
Rang Dong may see a repeat of Bibica's insurance Odyssey

Rang Dong may see a repeat of Bibica's insurance Odyssey

With the difficulties around assessing fire damage and insurer PVI's past handling of a similar claim by Bibica, Rang Dong may be in for a long wait.
Tax department sends Bibica $130,434 fine and tax arrears

Tax department sends Bibica $130,434 fine and tax arrears

Bibica Corporation will have to pay VND3 billion ($130,434) in fines and tax arrears from 2016-2017.
Lotte opposes PAN at Bibica's general shareholders’ meeting

Lotte opposes PAN at Bibica's general shareholders’ meeting

BBC refused Lotte's request for information on its project in Long An as it is only available to large shareholders.