The company basically completed all of its targets in 2020. It operated the Dung Quất Oil Refinery in a safe and stable manner, with average operational capacity at 105 per cent and total output at about 5.95 million tonnes, surpassing the target by 7 per cent. … [Read more...] about BSR posts after-tax profit of more than $54m in Q4 2020
Quarters silver years
Nặm Đăm, a highlight of Hà Giang tourism
From the first days of launching the movement to build a typical cultural, a new countryside and tourist village, the term “community-based tourism" was new for local residents. However, they eagerly got stuck into community-tourism and now their houses have been repaired and are fully equipped to offer homestays. … [Read more...] about Nặm Đăm, a highlight of Hà Giang tourism
Bird’s nest exports set to soar
Đỗ Tú Quân, head of the Việt Nam Swiftlet Farming Association, said the total output of bird’s nests is expected to reach 160 tonnes of unprocessed bird’s nests in 2025. Most of the output will be exported to China to the tune of 100 tonnes, earning US$150 million. … [Read more...] about Bird’s nest exports set to soar
Car sales in Vietnam plunge 8% in 2020
According to VAMA, the domestic automobile market experienced impressive performance in December with the number of cars sold surging by 32 per cent month-on-month and 45 per cent year-on-year to 47,865 units as customers rushed to buy cars before the end of 2020 to enjoy the 50 per cent reduction in registration fees. … [Read more...] about Car sales in Vietnam plunge 8% in 2020
M&A boom building up steam in Vietnam
A rise in both the number and the value of mergers and acquisitions (M&As) in Vietnam last year and early this year have signaled that M&As are booming in the country. According to auditing firm Pricewater House Coopers (PwC)’s statistics, there were 295 M&As worth a combined 1,138 million USD in the country last year, up 77 percent over the previous year. In the first quarter of this year, the market was more ebullient with larger acquisitions: the Vietnam Industrial and Commercial Bank (Vietinbank) sold 10 percent and 15 percent of its statutory capital to the International Finance Corporation (IFC) and Canada ’s Nova Scotia Bank respectively, and VNPT Global sold 10 percent of its shares to the Singapore Technologies Telemedia (ST Telemedia). Notably, the Hung Vuong Fishery Joint Stock Company (HVG) offered to buy 3.75 million shares of the An Giang Fishery Import-Export Joint Stock Company (AGF) in a bid to raise its share in AGF to 51 … [Read more...] about M&A boom building up steam in Vietnam
