MASCOPEX

Viet Nam aims to achieve annual average economic growth of 6.5 per cent to 7 per cent through 2020, striving to turn itself into an advanced industrial country soon, according to the Resolution of the 12th National Party’s Congress.

The Resolution, approved and made public at the end of the nine-day long National Congress of the Communist Party of Viet Nam (CPV), mapped out several targets in terms of socioeconomic development as well as environmental protection that will set the specific working checklist for the new Party and Government leaders in the next five years.

According to the Resolution, GDP per capita was expected to rise to $3,500 by 2020 from $2,019 in 2015.

The Party also set the task to keep the unemployment rate in urban areas below 4 per cent while 80 per cent of the population will be covered by health insurance – an indication that the ultimate target of making health insurance universal is unlikely to be achieved soon.

About 95 per cent of urban residents and 90 per cent of those living in the countryside will have access to clean and hygienic water, according to the Resolution.

Apart from those specific target figures, the Resolution also listed six key missions to be carried out in the upcoming time, one of which is a refinement of the Party in order to stop the regression of the political ideology, morals and lifestyle of the 4.5 million Party members.

Further works will be done to build a lean and efficient political system as well as to bolster the fight against corruption, state budget waste and bureaucracy.

Preserving the country’s territorial integrity was also one of the key missions for the political system to uphold especially in the context of Viet Nam being one of the main parties involved in the simmering East Sea dispute.

Though firmly safeguarding the homeland, according to the Resolution, Viet Nam at the same time strives to maintain an environment of peace and stability favourable to development as well as to further deepen relationships with other countries for a fruitful international integration.

Meanwhile, labour productivity, the economy’s competitiveness and economic growth quality were three issues that received a call for stronger measures to accelerate the country’s economy.

The productivity of Vietnamese workers were known to rest in the bottom half of the ASEAN bloc’s, raising concerns among experts of the country’s competitiveness especially as Viet Nam is a member of the ASEAN Economic Community (AEC) starting this year and has also signed several international trade agreements including the historic Trans-Pacific Partnership (TPP).

(General Economic Department - Intimex Nhatrang JSC)

Singapore took the lead for foreign investment in Vietnam in the first two months of 2016, reported the Foreign Investment Department.

During this period, Singapore had 30 newly-registered projects with a total registered capital of about $435 million. In addition, six projects increased capital, totaling $33.8 million, bringing the total newly registered capital of Singapore to nearly $469 million.

By February 20, Singaporean investors had 1,569 valid projects in Vietnam, with a total registered capital of over $36 billion, ranking third out of 112 countries and territories investing in the country.

The average capital of Singaporean projects is about $23 million/project, compared to the average of foreign invested projects in Vietnam of $13.96 million/project.

In terms of investment areas, Singaporean projects mainly focus on the processing industry, with 481 projects and $15.6 billion of capital, accounting for 30.65% of the total number of projects and 43.47% of total investment capital of Singapore in Vietnam.

In second place is real estate with 80 projects and $10.8 billion, making up 5% of the total number of projects and 29.95% of total investment.

The arts and entertainment, construction, transport and storage also attract Singaporean investors, with $1.8 billion, $1.7 billion and $1.4 billion, respectively.

Ho Chi Minh City hosts the largest number of projects from Singapore, with 786 projects and registered capital of $9.6 billion, accounting for 50% of total projects and 26.71% of the total registered capital of Singapore in Vietnam.

Singaporean investors favor the form of 100% foreign investment with 1,163 projects and $23.4 billion, representing 74% of total projects and 65% of total registered capital.

The rest is in the form of joint ventures and business cooperation contracts.

The Foreign Investment Agency said that investment capital by Singaporean investors in Vietnam continued to increase in recent years. These projects are effective, making a significant contribution to job creation, exports and economic growth of Vietnam.

(General Economic Department - Intimex Nhatrang JSC)

VISION

MASCOPEX JOINT STOCK COMPANY has been striving to become the Top Prestige –Trust – Quality in the fields of import & export Agricultural Product.

MISSION:

• Towards Market: Supply high quality products, services and prestige to fulfill the demands of clients.
• Towards Employment: Build a professional, dynamic and creative working environment; to provide opportunities for income growth and promotion.
• Towards Shareholders: Ensure and increase attractive & sustainable investment values for shareholders.
• Towards Society: Harmonize the benefits of Company with Society; contribute positively to community activities and demonstrate sense of responsibility to the country.

HISTORY

MASCOPEX Joint- Stock Company (MASCOPEX), which was formally known as Materials, Processing and supply coffee for export Company.

•        1980: MASCOPEX was primarily The Station of Supplying Coffee, which was a branch of Central Coffee and Cacao Company.

•        1993: Ministry of Food Agriculture and Industry issued a Decision No.329/QD/NN-TCCB and established Materials Processing and supply coffee for export Company (MASCOPEX)

•        1995: according to Vietnamese Government’s Decree No. 44CP, MASCOPEX was determined a member of Vietnam National Coffee Corporation (VINACAFE)

•        2008: In accordance with Decree No.109/2007/ND-CP dated November 6th 2007 by Prime Ministry and Decision No.368 TCT- HĐQT/ QĐ dated December 8th 2008 by Board of Director of Vietnam National Coffee Corporation. On December 19th 2008 MASCOPEC was officially equitized to INTIMEX NHA TRANG JSC.

•        2017:Changed name to MASCOPEX JOINT STOCK COMPANY.