Other tasks include restructuring, renewing and improving operation efficiency of State-owned enterprises in the field of energy; encouraging the private sector to develop energy; and renewing mechanisms and policies and developing the energy market comprehensively and effectively. VNS … [Read more...] about VN issues action plan to implement National Energy Development Strategy
25 year old investment strategy
Public investment to focus on key projects to create impetus for economic growth
The Ministry of Planning and Investment estimated the public investment disbursement rate would reach more than 90 per cent of the plan as of the end January 31 (the deadline for disbursement of 2020 public investment), compared to 73.3 per cent of 2017, 66.8 per cent of 2018 and 67.46 per cent of 2019. … [Read more...] about Public investment to focus on key projects to create impetus for economic growth
Centuries-old artifacts, modern paintings to be auctioned
The modern paintings will include a watercolor on paper work, "Yen Bai Dam," by Tran Van Can (1910 - 1994) and oil on canvas works "Go To The Field" by Nguyen Tri Minh (1924 - 2010) and "Space 3" by Le Ba Dang (1921 - 2015). … [Read more...] about Centuries-old artifacts, modern paintings to be auctioned
No shortage of fresh food for upcoming Lunar New Year festival
Yesterday, Mr. Le Huynh Minh Tu led a delegation to visit and work with key enterprises that supply pork products, poultry meat, and eggs for the city market at the peak of the upcoming Lunar New Year festival. Mr. Nguyen Trong Tri, Deputy Chief Customer Officer of C.P Vietnam Livestock Joint Stock Company, said that in 2020 C.P raised its production by more than 10 percent compared to 2019. Every day, the company supplies to the HCMC market around 3,000-3,500 porkers, accounting for about 30 percent of pork demand in the city. Explaining the constant increase in the price of live pigs, Mr. Tri said that currently, the price of live hogs not only escalates in Vietnam but in Thailand, it is also approaching VND82,500 per kilogram. Especially in China, the price is much higher than that in Vietnam, prompting traders to transport live hogs heavily to this country. As for the HCMC market, C.P commits to fully providing pigs during the upcoming festive season. On the other hand, the … [Read more...] about No shortage of fresh food for upcoming Lunar New Year festival
BSR posts after-tax profit of over 1.25 trillion VND in Q4 2020
Hanoi (VNA) - The Binh Son Refining and Petrochemical Joint Stock Company (BSR) posted over 1.25 trillion VND (54.14 million USD) in after-tax profit in the fourth quarter of 2020, up 1.08 trillion VND over the previous quarter, reflecting its better business performance. According to its financial report for 2020, though it posted negative growth for the year as a whole, its indications in cash flow for payments and operations remained stable. As of the end of 2020, its total property was worth 54.53 trillion VND, an increase of 2.31 trillion VND against 2019. The company basically completed all of its targets in 2020. It operated the Dung Quat Oil Refinery in a safe and stable manner, with average operational capacity standing at 105 percent and total output at about 5.95 million tonnes, surpassing the target by 7 percent. Total revenue hit more than 57.89 trillion VND last year, while State budget contributions totalled 6.24 trillion VND. It cut costs by about 1.8 trillion VND … [Read more...] about BSR posts after-tax profit of over 1.25 trillion VND in Q4 2020