The news comes after Saigon Gold, Silver and Gemstone joint stock company quoted its gold price this morning at VND49.15 million per tael for selling and VND49.53 million per tael for buying, representing increases of VND110,000 and VND140,000, respectively, in comparison with the previous day’s prices. … [Read more...] about Gold prices climb to new peak of VND49.6 million per tael
Gold selling price in india
Hanoi (VNA) - The PetroVietnam Gas Corporation (PV Gas), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), reported nearly 27.6 trillion VND (1.18 billion USD) in revenue between January and May, more than 6 percent higher than its target for the period. Pre-tax profit stood at over 4.5 trillion VND, exceeding the target by 34 percent. It also contributed close to 2 trillion VND to the State budget, 62 percent higher than expected. According to PV Gas General Director Duong Manh Son, its operations were impacted by the COVID-19 pandemic triggering a fall in oil prices. PV Gas has made every effort to sustain its business, reduce inventory, and clear several construction hurdles, he said. As such, the company produced and distributed nearly 3.8 billion cubic metres of gas in the first five months of this year, meeting its target. Production and distribution of LPG and condensate stood at 720,000 and 26,000 tonnes, respectively, 41 and 10 percent higher than targeted./. … [Read more...] about PV Gas’s Jan-May revenue surpasses goal despite pandemic
Hanoi (VNA) – The Vietnam Oil and Gas Group (PetroVietnam) has reported oil equivalent output of 8.99 million tonnes in the first five months of 2020, 4.4 percent higher than its target. In May, crude oil output reached 0.96 million tonnes, 2.1 percent higher than the monthly plan while gas production fulfilled the monthly goal at 0.84 billion cu.m. The firm generated 2.05 billion kWh of electricity and produced 149,800 tonnes of nitrogenous fertiliser, surpassing the monthly targets by 4.7 percent and 4.2 percent, respectively. Its production of oil and petroleum exceeded 1.01 million tonnes during the month, only equivalent to 91.5 percent of the monthly goal, largely because the Nghi Son Oil Refinery were cutting capacity for maintenance and the PetroVietnam Oil Corporation (PV Oil) reduced production of petroleum as demand dropped. The company has made drastic efforts to cut nearly 8.7 trillion VND in costs during the first five months of the year to deal with declining … [Read more...] about PetroVietnam’s oil equivalent output totals 8.99 million tonnes in five months
Thirdly, Viet Nam should not compete with other countries to court more foreign capital by only offering investment incentives, as this can distort resource allocation and will not have a meaningful impact in the long run. The country will be more attractive to foreign investors if it can correct its weaknesses and shortcomings, such as improving the capacity of capital absorbency, perfecting logistics infrastructure, upgrading workers’ skills and ability, and reforming institutions. … [Read more...] about Can Viet Nam could take advantage of new foreign investment strategies?
The labor productivity of the corporate sector in 2018 reached VND166.2 million per person per year 63% higher than the country's average. However, that rate was only 0.6% higher than the same rate in 2017 - PHOTO: THANH HOA Business owners should be authorized to decide whether minimum wages are raised or not in the year that follows because it is only they who are able to determine whether labor productivity and the income structure from capital and labor have improved or not during that year … [Read more...] about Higher labor productivity: pay rise