YeaH1 shakes hands with MangoTV; VinFast cars go to Africa; Sudico will change its name; Vinatex produces fireproof fabric

YeaH1 is a strategic partner of MangoTV

At the Hong Kong International Film and Television Fair (Filmart), Ms. Le Phuong Thao, President of YeaH1 and Mr. Truong Chi Hong, Chief Financial Officer of MangoTV signed a strategic cooperation agreement.

YeaH1 and MangoTV have signed a Strategic Cooperation Agreement

The event marked a period of strong and extensive cooperation between the two corporations in all aspects - from script transfer, experience in creating original content, production - management processes and training and talent development. power.

Mr. Truong Chi Hong said that he was impressed with the appeal of the program "Beautiful Sisters" Vietnamese version 2023, so they decided to expand cooperation with YeaH1 to bring the two businesses to a larger scale, focusing on the three purchased game shows. Copyright includes Super Mother, Beautiful Sister Who Breaks the Wind and Waves and Brother Overcomes Thousands of Thorns.

In her speech, Ms. Phuong Thao said she was honored to be chosen by MangoTV as a comprehensive strategic partner in the new period and commented that YeaH1 is always actively innovating and steadfastly promoting high-quality content on multiple platforms. boulder.

“The event will open up a series of great opportunities for YeaH1, especially receiving the transfer of quality, large-scale content production capacity from MangoTV - the industry leader in China. We believe that the cooperation will bring great results, adding new vitality to the development of the two businesses, while also bringing to the audience a series of more attractive programs," said Ms. Phuong Thao.

YeaH1 is one of the leading units in the field of media and content production in Vietnam, the first media enterprise listed on the Vietnam stock exchange (HOSE: YEG).

VinFast exports cars to Africa

VinFast recently announced the official signing of an agreement with Jospong Group of Companies, Ghana's leading multi-industry corporation, on the distribution of electric vehicles in the Ghana market and the West African region. The agreement marks VinFast's presence in Africa.

VinFast will come to Africa from Ghana

Accordingly, Jospong will distribute VinFast's electric cars, electric motorbikes, electric bicycles and electric buses in the Ghana market in particular and West Africa in general. Jospong also plans to deploy public charging infrastructure nationwide to promote the development of electric vehicles here.

Cooperating with one of the largest multi-industry business groups in the West African country, VinFast affirms its commitment to providing global consumers with green and smart transportation options, while also exploring the potential in the market. The African electric vehicle market is growing.

Jospong Group's business activities span 14 fields in African and Asian countries with 60 subsidiaries, notably the automobile business, waste treatment, information technology and banking.

In addition to the vehicle distribution agreement, Vingroup also signed a Memorandum of Understanding (MoU) with Jospong on establishing a priority partnership. Accordingly, the two sides will actively work towards business cooperation opportunities in important fields such as electric vehicles, taxis, public transportation, education, hotels, real estate development and other fields. other area.

The electric vehicle market in Ghana and West Africa has great development potential with high room and little competition. Demand is forecast to grow rapidly with the Government's support for achieving net zero emissions targets in the transport sector. The country expects that by the end of 2040, a large number of gas stations will be used to serve sustainable means of transportation such as electric vehicles.

Through cooperation with Jospong Group, Vingroup and VinFast can quickly strengthen their position and affirm their stature in the electric vehicle market in particular and the sustainable transportation industry in general in the region.

Sudico plans to change its name

Sudico has announced documents expected to be submitted to the 2024 Annual General Meeting of Shareholders, scheduled to take place on March 20.

Specifically, in 2024, Sudico sets a business plan with total revenue of 858 billion VND, an increase of 60,1% over the same period, pre-tax profit of 350 billion VND, an increase of 38,3% compared to 2023. and expected dividends from 10% to 15%.

Sudico hopes to build a new brand after changing its name

Of which, the total investment value is expected to increase by 34,9% compared to implementation in 2023, equivalent to an increase of 368 billion VND, to 1.421 billion VND.

The company's leadership said that the criterion for completing the 2024 plan is the progress of the projects the company is conducting. Specifically, the Van La project has completed investment policy approval, registered in the 2024 land use plan to clear the remaining land, underground power lines...

Sudico revealed that, first of all, to ensure revenue, in 2024 the company plans to expand the business of some products in Nam An Khanh and Bac Tran Hung Dao and handle contracts with old customers who are investors. Level 2 of Nam An Khanh project.

It is known that in 2023, Sudico will record total revenue of 536 billion VND, achieving 99,3% of the revenue plan of 540 billion VND and pre-tax profit of 253 billion VND, achieving 116% of the target. with a profit plan of 218 billion VND.

Based on business results in 2023, Sudico decided to submit to shareholders a plan to not pay dividends in 2023 with the reason to focus capital for production and business.

The most notable point is that the Company's Board of Directors continues to submit to shareholders a plan to change the company's name. This is a proposal that has been approved in 2023 but has not yet been implemented. The business's leadership believes that the change of name and address is for convenience and to meet work requirements. Sudico hopes to build a new brand, a new face in the Vietnamese and international real estate market.

The new name and new headquarters address have authorized the Board of Directors to select, review and decide at the appropriate time. Initially, the Company will move its office to 105 Chu Van An, Ha Dong and consolidate its corporate organizational structure.

Restarting the plan to increase charter capital is also one of the contents that company leaders continue to mention to strengthen financial capacity, serving the Company's long-term development investment strategy. The capital increase plan has been approved by the 2022 Annual General Meeting of Shareholders, but has not been implemented due to inappropriate market developments.

According to that plan, Sudico plans to issue 126,3 million shares to increase charter capital, at a rate of 110%. There are 2 methods of issuing shares: First, issue 29,86 million shares to pay dividends for the years from 2018 to 2021. Second, issue 2 million bonus shares, ratio 96,27%. Issuance capital comes from undistributed after-tax profits; taken from capital surplus; and from share premium. After issuance, Sudico plans to increase its charter capital from VND 84 billion to VND 1.148 billion.

Vinatex will export fireproof clothing

Vietnam Textile and Garment Group (Vinatex) has just signed a memorandum of understanding to cooperate in the business of fireproof fabrics and clothing with Coats Group. With this cooperation, Vinatex will produce and sell fireproof fabrics and clothing according to exclusive orders for Coats and its branches globally. 

Vinatex signed a memorandum of understanding on business cooperation in fireproof fabrics and clothing with Coats Group

Coats will be responsible for technology copyright, product technical standard certification, product design and development, technology transfer, sales, promotion, marketing and distribution, and providing fabric samples and fire-resistant clothing. The group is also committed to developing fire-resistant fabrics to ensure competitive products that meet market needs.

Fireproof fabric products are researched and produced according to a closed technological process transferred by Coats Group at Vinatex, from fiber - yarn - weaving - dyeing - finishing - sewing to packaging, meeting the standards according to each industry sector.

With the cooperation platform of Vinatex and Coats for many years, the two businesses took nearly a year to research, test products, and carry out technology transfer. To date, the product has been accepted and meets all required customer standards.

Including international standards for product quality: OEKO - TEX 100 standard; UL approved and listed on UL directory, protective clothing, fire retardant clothing, protective clothing and equipment for fighting forest fires… 

Fireproof fabric products are produced in two lines: from heat-resistant fibers and from chemicals that cover the fabric to prevent heat sources from coming into contact with protective materials. 

This product will serve labor protection in areas such as welding mounds, electric sparks, mining, flammable environments... Manufacturers will have to buy insurance for the product to ensure quality and safety. Safe when using.

Vinatex announced that it will take advantage of this to target the export revenue of fireproof fabric products in the next 5 years from 80 to 100 million USD per year. In the immediate future this year, the Group sets a revenue target for this product of 5 million USD.

Ca Mau Fertilizer exports large shipments to Australia and New Zealand, followed by Mexico

Ca Mau Fertilizer is currently preparing the final procedures to export high-end products to the world's two leading "difficult" markets, Australia and New Zealand.

By the end of 2023, Ca Mau Fertilizer's Ca Mau fertilizer has been exported to 18 countries and territories around the world.

Information from a representative of Ca Mau Petroleum Fertilizer Joint Stock Company (Ca Mau Fertilizer) said that New Zealand and Australia are two markets willing to buy granular urea fertilizer at very high prices compared to other countries but There are strict requirements on product quality.

Therefore, from the beginning of 2024 until now, along with focusing human resources to prepare for this high-quality shipment, the company has gradually improved the quality of all stages from transportation services, loading and unloading to goods delivery. Goods are exported from the factory warehouse, ensuring the best quality of goods, high loading and unloading speed compared to the average level of exporters in the world, representative of Ca Mau Fertilizer shared.

By the end of 2023, Ca Mau fertilizer products of Ca Mau Fertilizer have been exported to 18 countries and territories around the world. To promote export activities, Ca Mau Fertilizer is continuing to seek and expand export markets.

In addition to New Zealand and Australia, the Americas are also evaluated by Ca Mau Fertilizer as a potential market, prioritized for exploitation. The company is also preparing to export a shipment of more than 35.000 tons to Mexico.