Impressive profits According to the business result of Vietnam Steel Corporation (VNSteel), the company exceeded its plan last year, with some main targets even posting slight growth compared to the previous year. Specifically, the company achieved a net revenue of more than VND78.17 trillion last year. Of which, the parent company got VND2.48 trillion, equal to 163.8 percent of the plan for 2020. Pre-tax profit reached VND891 billion. Total consolidated revenue hit VND30 trillion, achieving 100 percent of the plan, and pre-tax consolidated profit touched VND260 billion. This year, the company plans to produce more than 2.5 million tons of steel billets, up 6.5 percent compared to last year. Similarly, Hoa Phat Group is the leading enterprise in the construction steel segment, increasing its market share from 26.2 percent in 2019 to 32.5 percent in 2020. In the steel pipe segment, the two largest enterprises - Hoa Phat and Hoa Sen - raised their market shares from 31.5 percent to … [Read more...] about Many expectations for Vietnamese steel industry
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Hanoi targets growth of SMEs, jobs for women
As a locomotive in the northern key economic region, Hanoi has devised many solutions for improving its business and investment environment and creating favorable conditions for the development of enterprises. Those include accelerating administrative reforms, shortening the time it takes to set up businesses, promoting online business registration, supporting new enterprises, improving competitiveness and strengthening market development. As a result, the number of newly established enterprises in the city has increased significantly in recent times. … [Read more...] about Hanoi targets growth of SMEs, jobs for women
Steel giant targets 30 pct growth in profits
According to the Vietnam Steel Association, in 2020, Hoa Sen was the leading steel sheet manufacturer with a 34 percent market share. It accounted for 17 percent of the galvanized steel pipe market, behind only the country’s biggest producer of construction steel, Hoa Phat Group. … [Read more...] about Steel giant targets 30 pct growth in profits
