Honour is which company

Hanoi (VNA) - Despite the impact of COVID-19, the Hoa Phat Group still recorded a surge in both revenue and profit in 2020, the inter-sectoral conglomerate has said. It earned almost 91.28 trillion VND (3.9 billion USD) in revenue and posted 13.5 trillion VND in after-tax profit last year, up 41 percent and 80 percent, respectively, against 2019. In the fourth quarter alone, its revenue rose 43 percent year-on-year to nearly 26.17 trillion VND, while after-tax profit surged 142 percent to 4.67 trillion VND - a quarterly record. Steel manufacturing was a growth driver, the group said, adding that crude steel output doubled the 2019 figure, to 5.8 million tonnes, including 5.1 million tonnes of steel billet and finished construction steel and nearly 700,000 tonnes of hot rolled steel. In particular, 3.4 million tonnes of finished construction steel were produced, up 22.5 percent against 2019. Hoa Phat’s steel market share in Vietnam currently stands at 32.5 percent. The group … [Read more...] about Hoa Phat Group posts 80 pct. growth in after-tax profit

The seventh National Party Congress takes place in Hanoi from June 24-27, 1991. It is attended by 1,176 delegates, representing 2 million Party members nationwide. Comrade Do Muoi is elected Party General Secretary (Photo: VNA) Party General Secretary Do Muoi and President of the Council of State Vo Chi Cong host a reception in Hanoi for Kaysone Phomvihane, Chairman of the Central Committee of the Lao People's Revolutionary Party and President of the Lao People’s Democratic Republic who is on an official visit to Vietnam, on October 12, 1991 (Photo: VNA) Party General Secretary Do Muoi and Chairman of the Council of Ministers Vo Van Kiet visit China, marking the official normalisation of relations between the two countries from Nov. 5-10. In the photo: the signing of the Vietnam-China trade agreement and a provisional Treaty on the Settlement of Land Border Issues in Beijing, on November 7, 1991. (Photo: VNA) President of the State Council Vo Chi Cong signs an … [Read more...] about Seventh National Party Congress: Comprehensive reform, leading nation on the way towards socialism

Singapore-based The Straits Times said the nine-day event with the participation of nearly 1,600 delegates will select new leaders and shape policy for the next five years and beyond. It also highlighted Vietnam’s success in containing COVID-19, that has helped its economy outstrip much of Asia in the past year, and further noted that Vietnam is already eyeing average annual gross domestic product growth of 7 percent over the next five years. … [Read more...] about VIETNAM NEWS JANUARY 26