In order to complete its goal, Vocarimex said it would focus on boosting sales to industrial customers; developing and expanding export markets as well as consumption into the new markets. It also strives to become the leading Vietnamese enterprise in supplying vegetable oil products. In 2017, Vocarimex’s net revenue reached VND 4,4trillion with VND 300 billion of pre-tax profit. It completed 150 percent of its target and passed 50 percent.YEN LAM-Translated by T.Tran Tags: vegetable oil products export market … [Read more...] about Vocarimex plans to expand export markets
Economy
C.T Group & Singapore enterprise sign cooperation development
The signed agreements include: the project to develop I-Town urban area worth US$ 350million; the $ 64 million project of manufacturing construction technology for apartment. Earlier, the group and Soibuild Singapore jointly developed the 1,600-apartment project at Hanoi highway, HCMC worth nearly US$ 100million. In addition, the group boosted also cooperation development with Japanese and Korean enterprises. M.TRAM-Translated by K.Lien Tags: C.T group Soibuild Singapore forum … [Read more...] about C.T Group & Singapore enterprise sign cooperation development
VHC’s export value up 30 percent in 1st quarter
Tra fish fillet is the main product contributing in the VHC’s export value to gain a growth rate of 45 percent over previous years. The VHC announced the first quarter of 2018, it gained a year on year growth of 30 percent in export value to reach US$ 75.6million, equal to VND 1,701billion although export volume reported a slight decrease of 3 percent but export value gained a rise due to a hike in the selling price. DO DOAN –Translated by T.Tran Tags: tra fish fillet product export value … [Read more...] about VHC’s export value up 30 percent in 1st quarter
President: Future of Vietnam-RoK ties lies on businesses
In his speech, President Quang said the event offers the two countries’ businesses an invaluable chance to review cooperation outcomes over the past one fourth century and share vision, prospects and development cooperation chances in the new period, contributing to deepening bilateral strategic cooperative partnership. On the basis of sharing core interests in bilateral and multilateral partnership and supplementary economies, the RoK is now the first largest investment partner, the second largest partner in bilateral development cooperation and tourism, and the third largest trade partner of Vietnam. With over US$ 59 billion worth of registered capital, RoK enterprises are playing active role in Vietnamese industries such as electronics, energy, automobiles, apparel, construction and services, contributing to shifting to new economic structure, creating jobs and ensuring social welfare. Two-way trade grew to US$ 64 billion in 2017 after the Vietnam – RoK Free Trade … [Read more...] about President: Future of Vietnam-RoK ties lies on businesses
Petro prices remain stable in latest review
The ceiling prices of E5 should be no higher than VND 18,340 per litre, and those of diesel 0.05S and kerosene should not be higher than VND 15,716 per litre and VND 14,560 per litre, respectively. Meanwhile, the two ministries also decided to maintain the price stabilisation fund for E5 bio-fuel at VND 669 per litre, while the use of the fund for diesel is at VND 177 per litre. The average global price of petrol products during the last 15 days leading up to March 23 was at US$ 73.253 per barrel for RON 92 and US$ 77.066 for diesel. The cost of ethanol E100, which is used to produce E5 petrol, has gone up by almost VND 1,200 per litre compared to one year ago. The ministries of Industry and Trade and Finance review the fuel prices every 15 days in order to adjust the prices in accordance with fluctuations on the world market. … [Read more...] about Petro prices remain stable in latest review