Impressive profits According to the business result of Vietnam Steel Corporation (VNSteel), the company exceeded its plan last year, with some main targets even posting slight growth compared to the previous year. Specifically, the company achieved a net revenue of more than VND78.17 trillion last year. Of which, the parent company got VND2.48 trillion, equal to 163.8 percent of the plan for 2020. Pre-tax profit reached VND891 billion. Total consolidated revenue hit VND30 trillion, achieving 100 percent of the plan, and pre-tax consolidated profit touched VND260 billion. This year, the company plans to produce more than 2.5 million tons of steel billets, up 6.5 percent compared to last year. Similarly, Hoa Phat Group is the leading enterprise in the construction steel segment, increasing its market share from 26.2 percent in 2019 to 32.5 percent in 2020. In the steel pipe segment, the two largest enterprises - Hoa Phat and Hoa Sen - raised their market shares from 31.5 percent to … [Read more...] about Many expectations for Vietnamese steel industry
Department planning transport and infrastructure
Young Vietnamese build open resource aiming to generate positive social change
In four groups of five or six people, the students were required to collect and translate at least 75 college lectures, 75 pieces of writing, 20 books and ten movies, with all the materials being about how to properly be a human, citizen, worker and leader. … [Read more...] about Young Vietnamese build open resource aiming to generate positive social change
Two Lieutenant Generals promoted to Senior Lieutenant General
Defense Minister Gen. Ngo Xuan Lich (C) congratulates the two senior officers On behalf of the promoted officers, Deputy Defense Minister Nguyen Tan Cuong emphasized that in any circumstances, they will be absolutely loyal to and steadfast in the goal, ideal, and path that the Party, Uncle Ho, and Vietnamese people have chosen. They will study and follow President Ho Chi Minh’s thought, morals and lifestyle, raise responsibility in task implementation, and bring into full play the good virtues of Uncle Ho’s soldiers and the glorious tradition of the heroic Vietnam People’s Army. They will also undertake and complete all assigned missions. … [Read more...] about Two Lieutenant Generals promoted to Senior Lieutenant General
Banking stocks spearhead market rebound
In the first days of October, some banking stocks on the Ho Chi Minh Stock Exchange (HoSE) recorded increased trading volume and value, such as Sacombank (STB) with more than 23.2 million shares for over VND360 billion, VietinBank (CTG) with more than 13.3 million shares for nearly VND361 billion, and Military Bank (MBB) with more than 13 million shares for over VND261 billion. In general, banking stocks contributed 13 percent and 17.5 percent to trading volume and value on the HoSE, respectively. … [Read more...] about Banking stocks spearhead market rebound
Hanoi targets growth of SMEs, jobs for women
As a locomotive in the northern key economic region, Hanoi has devised many solutions for improving its business and investment environment and creating favorable conditions for the development of enterprises. Those include accelerating administrative reforms, shortening the time it takes to set up businesses, promoting online business registration, supporting new enterprises, improving competitiveness and strengthening market development. As a result, the number of newly established enterprises in the city has increased significantly in recent times. … [Read more...] about Hanoi targets growth of SMEs, jobs for women
