Budget revenue

Workers of Thanh Cong Textile Garment Investment Trading Joint Stock Company. — Photo thanhcong.com.vn Thanh Cong Textile Garment Investment Trading JSC announced its business results in which revenue reached VND393 billion (US$17 million) last month, a year-on-year increase of 21 per cent. The largest contribution comes from the garment segment accounting for 78 per cent, fabric production 14 per cent and yarn 7 per cent. The company's total profit after tax reached VND19.2 billion last month, an increase of only 1 per cent over the same period last year. In the first four months of the year, the revenue of the company hit VND1.5 trillion, up 19 per cent; and profit after tax reached VND88 billion, up 14 per cent. The company’s leaders said that they expected an estimated revenue of more than VND4.2 trillion this year, a year-on-year growth of 18 per cent. In particular, the company sets a profit after tax target at VND253.8 billion this year, an increase of more than … [Read more...] about Thanh Cong Textile Garment reports revenue increase of 21 per cent

A wind power project in the northern province of Ninh Thuan. — Photo evn.com.vn The Vietnamese economy’s unparalleled exposure to multinational corporations and the global consumer market calls for a pragmatic alignment between the country’s renewable energy strategy and the decarbonisation commitments of the global brands, according to IEEFA’s latest report on Viet Nam. “Multinational corporations responsible for up to US$150 billion of Viet Nam’s export revenues have made specific pledges on carbon neutrality or decarbonisation of varying scope and timelines,” said Thu Vu, energy finance analyst leading the Vietnamese market coverage for IEEFA. “These brands’ journey toward sustainability progress is one in which Viet Nam can not afford to ignore or miss out on.” Viet Nam is currently the largest exporter of goods in developing Southeast Asia. With nearly 60 per cent of the exports being manufactured goods for the big brands, its growing role in the global supply chain … [Read more...] about IEEFA: Viet Nam’s manufacturing future rests on a credible renewable energy game plan

The Emirates Group has released its 2021-22 Annual Report, which shows a strong recovery across its businesses.— Photo courtesy of Emirates The Emirates Group has released its 2021-22 Annual Report, which shows a strong recovery across its businesses. dnata returned to profitability, and significant revenue improvements were reported across Emirates and dnata as the group rebuilt its air transport and travel-related operations, which were previously cut back or curtailed by the pandemic. For the financial year ended 31 March 2022, the Emirates Group posted a loss of AED 3.8 billion (US$ 1.0 billion) compared with an AED 22.1 billion (US$ 6.0 billion) loss for last year. The group’s revenue was AED 66.2 billion (US$ 18.1 billion), an increase of 86 per cent over last year’s results. The group’s cash balance was AED 25.8 billion (US$ 7.0 billion), up 30 per cent from last year, mainly due to strong demand across its core business divisions and markets, triggered by the easing … [Read more...] about Emirates Group reports strong recovery in 2021-22

The conference, held by the national carrier Vietnam Airlines and two travel groups – Saigon Tourists and Thien Minh Group – to boost the cooperation between enterprises of the two countries and to introduce Vietnam to U.S. friends and partners. Addressing the event, PM Chinh highlighted the development of the Vietnam - U.S. ties, benefiting both countries and contributing to peace, cooperation and development in the world. The Government leader affirmed that economic, investment, trade and science-education cooperation is an important pillar in the bilateral relationship. In the very challenging year of 2021 due to the COVID-19 pandemic, two-way trade still reached 112 billion USD, accounting for nearly one-third of the total U.S. - ASEAN trade turnover. The U.S. is Vietnam’s second largest trade partner while Vietnam is the U.S.’ 9th largest, he noted, adding that trade between the two countries has contributed to making Vietnam one of the 20 largest import-export countries … [Read more...] about PM urged U.S. businesses to invest in tourism and trade in Vietnam

DoIC is giving instruction on IOC to leaders of districts. (Photo: SGGP) DoIC stressed that it is necessary for HCMC to use shared databases in order to save operation costs, taken from the state budget. The current regulation states that there are 110 city-level and 40 district-level socio-economic indexes to be uploaded to be uploaded to the system. As many districts and Thu Duc City have already established their own IOC, Deputy Director of DoIC Le Quoc Cuong reminded the local authorities that along with good technological solutions, there must be a corresponding operation mechanism and regulations, as well as frequent data updates to ensure precision. This means close monitoring of district leaders so that IOCs can first help management tasks, and then better serve citizens. That was wholeheartedly agree by all localities. Director of DoIC Lam Dinh Thang is delivering his speech. (Photo: SGGP) Director of DoIC Lam Dinh Thang once more stated that IOCs are an … [Read more...] about HCMC discussing ways to effectively use IOCs

Blockchain-based projects in all kinds of sectors promise enticing income opportunities, Photo: FOTA Vietnam is emerging as one of the blockchain hubs in Southeast Asia and across the globe as the number of startups in this field increases significantly. At the Binance Blockchain Week in Dubai last month, two non-fungible token (NFT) games developed by Vietnamese enterprises were in the top 10 GameFi projects with the highest revenue in the Binance ecosystem. Often bringing in billions of dollars in profits, blockchain is becoming a fertile land that attracts investors and developers, and also those who have the need to find new job opportunities. A report from LinkedIn confirmed that the hiring demand for blockchain programmers will continue to explode in 2022. Positions such as blockchain engineer and blockchain programmer alone account for 15.6 per cent of all LinkedIn job openings, proving the undeniable attractiveness of the blockchain industry in the market. The data … [Read more...] about Blockchain industry yearns for new talent

Customers buying MEATDeli, a product of Masan MEATLife, at a Vinmart+ store. — Photo thitmatmeatdeli.com HÀ NỘI — Higher animal feed prices have eroded livestock companies’ profits in the first quarter of 2022. VNDirect Securities Corporation said that the Russia-Ukraine conflict had a negative impact on the animal feed industry as supplies of raw materials for animal feed production like corn, soybeans and wheat, are disrupted, causing prices to rise sharply. The two countries are respectively the world's leading and third largest wheat exporter, accounting for one-third of the total trade of this commodity. Besides, Ukraine is the second largest corn exporter, accounting for 22 per cent of the world turnover. As of early April, the price of imported corn at Cái Lân port, Quảng Ninh Province, reached VNĐ9,200-9,500 per kg (US$0.4-0.41 per kg), an increase of 20-25 per cent compared to the end of 2021 and up 50 per cent over the same period last year. The average price of … [Read more...] about Livestock companies profit hit by rising animal feed prices

Tu Le Commune, located at the foot of Khau Pha Mountain Pass in Van Chan District, Yen Bai Province, northwestern Vietnam has long been famous for its majestic scenery, especially during the harvest season, and well-known specialties -- sticky rice and young sticky rice flakes. Besides the scenic beauty of nature that attracts thousands of visitors every year, the commune now offers a new destination -- Le Champ Tu Le Resort Hot Spring & Spa. Le Champ means field in French as the name of the destination is inspired by the enchanting, signature scenery in Tu Le -- terraced fields. A dream come true Thanks to the development of tourism in Vietnam, the northwestern region with a charming pristine beauty has become a popular tourist area. Visitors to the area often desire to discover the magnificent nature there, such as the golden, terraced fields that glitter so brilliantly that they reflect the blue sky and white clouds above during the harvest season. A comfortable … [Read more...] about This stunning mountainous resort provides fresh relaxing space in northwestern Vietnam