Vinatex completes 65% of yearly revenue target Viet Nam National Textile and Garment Group (Vinatex) has completed 65 per cent of the yearly target set for total revenues with its eight-month result (excluding VAT) reaching over VND31.45 trillion (US$1.34 billion). This figure also represented a rise of 7 per cent against the same period last year, the textile group reported in a filing to the Ministry of Planning and Investment. In August alone, it earned VND4.48 trillion in revenue, down 5 per cent year-on-year, of which turnover of the parent company and subsidiaries with its holdings of over 50 per cent capital reached almost VND1.74 trillion. Revenues from other affiliate companies in which the group holds less than 50 per cent capital reached a combined VND2.74 trillion. Vinatex attributed the growth in total revenues to increases in sales of fibre products (96,051 tonnes, up 9.5 per cent year-on-year), fabric of all kinds (100.7 million m3, up 18.6 per cent) … [Read more...] about BUSINESS NEWS IN BRIEF 1/9
Southern cross renewable energy fund
BUSINESS NEWS IN BRIEF 28/8
Conference seeks ways for investment promotion in Quang Binh An investment promotion conference in the central province of Quang Binh was convened on August 28, focusing on presentations of the province’s potential and investment opportunities. Present at the conference were Prime Minister Nguyen Xuan Phuc and more than 800 delegates from among the leaders of ministries and departments, along with representatives of embassies, Lao provinces, commercial banks, associations, international organizations and businesses. Participating domestic and foreign organizations and businesses, through the conference, discussed investment and trade opportunities with local authorities. The event is expected to serve as a platform for the handing over of investment registration certificates and cooperation deals to 66 projects with a combined registered capital of US$7.34 billion. Earlier, the provincial People’s Committee held a series of sideline activities, including investment … [Read more...] about BUSINESS NEWS IN BRIEF 28/8
Government News 31/7
Deputy PM’s visit to deepen Vietnam-Singapore ties Deputy Prime Minister and Foreign Minister Pham Binh Minh pays an official visit to Singapore from July 30-31. Deputy Prime Minister and Foreign Minister Pham Binh Minh’s official visit to Singapore from July 30-31 is expected to deepen the cooperative and strategic partnership between the two countries, Vietnamese Ambassador to Singapore Tao Thanh Huong said. According to the Ambassador, during his stay, Deputy PM Minh will meet with Singaporean President Halimah Yacob and Prime Minister Lee Hsien Loong, and hold talks with Minister of Foreign Affairs Vivian Balakrishnan. The meetings look to discuss measures to implement agreements reached during Prime Minister Nguyen Xuan Phuc’s visit to Singapore in April, accelerate bilateral cooperation, and promote collaboration between the two countries in the ASEAN framework as well as on regional and international issues of mutual interests. Particularly, Minh and … [Read more...] about Government News 31/7
Vietnam needs to promote alternative energy: expert
Vietnam needs to promote alternative energy: expertBy Huynh Kim Dr. Dao Trong Tu, director of the Center for Sustainable Development of Water Resources and Climate Change Adaptation The Xe Pian – Xe Namnoy hydropower dam in southern Laos collapsed on July 23, causing severe damage to the surrounding area. The Saigon Times spoke to Dr. Dao Trong Tu, director of the Center for Sustainable Development of Water Resources and Climate Change Adaptation, about hydropower dam safety in Vietnam. Excerpts: The Saigon Times: Please provide some insights into hydropower dams and irrigation works in the Mekong River in Vietnam. - Dr. Dao Trong Tu: The Mekong River, which runs through China, Myanmar, Laos, Thailand, Cambodia and Vietnam, has high potential for hydropower generation. The countries in the river basin have constructed and are planning hundreds of hydropower dams in the mainstream and tributaries of the river. There are plenty of reservoirs, with capacities ranging from … [Read more...] about Vietnam needs to promote alternative energy: expert
Social News 27/4
More than 10,000 rural workers receive agricultural training Nearly 10,500 rural residents in outlying districts of HCM City will be trained to meet the demand for agricultural workers in the city. — Photo: sggp.org.vn Workers from outlying rural areas of HCM City have been taking agricultural courses at vocational training centres in the city as part of a plan issued in March to meet demand for more skilled workers, according to the city’s Department of Agriculture and Rural Development. The city’s People’s Committee said the project is expected to train 10,500 rural workers, including 2,556 agricultural trainees and 7,944 non-agricultural trainees. The rate of employment after training is targeted to be 80 per cent or higher. The committee, which has given financial support to four public vocational education institutions in new rural districts, said the total cost of vocational training for rural workers would be around VNĐ38 billion (US$ 1.6 … [Read more...] about Social News 27/4