Hanoi (VNS/VNA) - Twenty-five companies have entered the “one-trillion-dong profit club” for January-June, despite the economy being ravaged by the COVID-19 pandemic. Leading the chart is residential real estate firm Vinhomes JSC – a member of conglomerate Vingroup JSC. Vinhomes in the first six months recorded 11.45 trillion VND (490.2 million USD) of post-tax profit, up slightly from last year’s figure, though post-tax profit in the second quarter dropped 55 percent year-on-year to 3.8 trillion VND. The real estate company attributed the growth of post-tax profit in January-June to successful sales of real estate projects, especially in the first quarter when coronavirus hardly had any impact on the Vietnamese economy. The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) ranked second with a six-month post-tax profit of nearly 8.8 trillion VND. The figure was down 3 percent year-on-year. Five companies which had … [Read more...] about ‘One-trillion-dong profit club’ led by Vinhomes JSC
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Millenium to develop $15 billion LNG project in Khanh Hoa province
Accordingly, in Phase 1, the two parties will construct two gas turbine combined cycle power plants with the total capacity of 3,000MW and Van Phong LNG Terminal with a capacity of 180,000 cubic metres. Phase 2 will build two more power plants with a capacity equivalent to Phase 1. … [Read more...] about Millenium to develop $15 billion LNG project in Khanh Hoa province
Japanese exec infected with Covid-19 interacted with 28 people in HCMC
On the morning of the same day, the municipal Center for Disease Control was informed by the Lam Dong Center for Disease Control of the positive Covid-19 case involving the 75-year-old Japanese director of a company in Lac Duong District. The Japanese health authority's PCR (Polymerase-Chian-Reaction) test on him returned positive. … [Read more...] about Japanese exec infected with Covid-19 interacted with 28 people in HCMC
Exporters hail EU trade deal, steel themselves for strict standards
Thanh said the EU has strict product quality and origin requirements, which Vietnamese enterprises must satisfy by improving technology. “We exported steel and steel products to the EU and believe that the EVFTA will offer us more opportunities to export products to this market,” Thanh said. … [Read more...] about Exporters hail EU trade deal, steel themselves for strict standards
Wooden plank exporters struggle with higher tax rates
Phap Luat Viet Nam (Viet Nam Law) newspaper reported that in documents sent to the Viet Nam Customs, Dong Nai Customs Department and Bien Hoa Customs Department, Dao Thi Huong, director of Moc Cat Tuong Wood Processing JSC in Dong Nai Province, said that to produce a rubberwood plank, businesses have to go through many stages and high labour costs. … [Read more...] about Wooden plank exporters struggle with higher tax rates
