HSG exports steel sheets to US Steel producer Hoa Sen Group reported that it shipped 17,000 tonnes of steel sheets to the US worth US$14 million on Thursday. The company has been exporting to the US since 2014 and shipments have been increasing recently. A company spokesperson said the shipment proves the company’s capacity and global competitiveness since exports to the US and EU have been hit by the trade barriers they have imposed. Hoa Sen has exported to over 75 nations and territories. In 2017-18, it produced nearly 1.9 million tonnes of steel worth over VND34.4 trillion ($1.5 billion), up 13 per cent in volume and 32 per cent in value over the previous year. Revenues from domestic sales were worth over VND22 trillion ($964 million), up 34 per cent, and exports fetched $538 million, up 27 per cent. Its profit after tax was VND410 billion ($18 million). It uses advanced technologies to meet the standards expected in international markets like the US, the … [Read more...] about BUSINESS NEWS IN BRIEF 14/1
How long international wire transfer
BUSINESS NEWS IN BRIEF 19/11
Vietnam Airlines receives first Airbus A321neo plane The national flag carrier Vietnam Airlines has received its first Airbus A321neo from US-based Aviation Capital Group (ACG) in Hamburg, Germany earlier this week. The new aircraft will be used for domestic flights and routes connecting destinations in Southeast Asia. It is among the 20 new-generation A321neo planes the airline plans to lease from the ACG, ICBC Leasing of China, and US-based Air Lease Corporation (ALC), expected to be fully delivered by the end of 2019. These planes will help expand its aircraft fleet to about 110 in 2020. Khanh T. Tran, president and CEO of ACG, expressed his delight at the delivery and stressed the company looks forward to Vietnam Airlines operating these highly fuel-efficient aircraft in their growing route network. For his part, Vietnam Airlines’ president and CEO Duong Tri Thanh said his firm selected the Airbus A321neo for its exceptional operational performance with 15-20 percent … [Read more...] about BUSINESS NEWS IN BRIEF 19/11
BUSINESS NEWS IN BRIEF 9/11
HCM City works to solve difficulties facing property enterprisesThe People’s Committee of Ho Chi Minh City held a conference on November 7 to help local real estate enterprises solve difficulties.Le Hoang Chau, President of the Ho Chi Minh City Real Estate Association, said the local property market faces several bottlenecks affecting enterprises’ business and investment activities, including approval of investment intentions, ground clearance, land use feess, project acquisition, using land funds to pay for Build-Transfer (BT) contracts, and credit and financial procedure issues.The slow settlement of these bottlenecks is one reason for the significant decrease in the supply of real estate products in 2018, which is forecast to continue reducing in 2019, Chau affirmed.At the event, local enterprises shared difficulties facing them during project implementation.Chairman of the municipal People’s Committee Nguyen Thanh Phong admitted that there remain several … [Read more...] about BUSINESS NEWS IN BRIEF 9/11
BUSINESS NEWS IN BRIEF 17/10
Hanoi Gift Show 2018 to draw more than 250 exhibitors Local airlines increase aircraft fleet Data from the Civil Aviation Administration of Vietnam (CAAV) show that the number of aircraft registered in Vietnam amounted to 175 as of September, up 14% year-on-year. Cat Lai customs work with 58 shipping firms over waste imports Customs officials at HCMC's Cat Lai Port have worked with representatives of 58 shipping companies that have transported over 3,000 containers of scrap to the port to determine their responsibilities and brief them of the Prime Minister’s Directive 27 on solutions to enhance control over imported waste, Thanh Nien newspaper reported, citing Pham Thi Leo, deputy head of Saigon Port Area 1 Customs Office. Leo said the customs agency was cooperating with these shipping companies in line with the 2014 Customs Law and 2005 Maritime Law. Shipping companies were asked to carry ineligible scrap imports out of Vietnam. They must assume responsibility for the waste … [Read more...] about BUSINESS NEWS IN BRIEF 17/10
Ship With Paper Sails
Excerpts from memoir Ship With Paper Sails, Story of a Hanoi Newsman* by Nguyễn Khuyến, former Viet Nam News Editor-in-Chief War I cannot claim to have been more exposed to war hazards than were other average residents in Hà Nội in those years of war, and certainly no more than members of the Militia, the Fire Brigade and the Red Cross. In fact, care was even taken to protect me and some other "assets" of the Foreign Desk from unnecessary risks. Early in 1965, Trần Văn Chương and I were secreted to a sort of "safe base," a cave among a cluster of massive limestone outcrops west of the city, where the agency had set up a reserve transmitter. For a week, we were drilled in emergency measures in the utter stillness of the natural bunker. This protective cocoon notwithstanding, I remained in Hà Nội throughout the American air war, to be close to "where the action is". In the absence of my wife and children, who were evacuated to the countryside again and again, I would stay at the … [Read more...] about Ship With Paper Sails