Vinamilk is set to see profits decline for a second straight year in 2022 due to rising costs of raw materials and transportation. Vietnam’s leading dairy company targets pre-tax profits of VND12 trillion ($524.70 million), down 7 percent from last year, though revenue is likely to grow by 5 percent …
Read More »VIB raises $260 million in international syndicated loans
This deal not only supports capital for VIB but also affirms the parties’s success in international capital market. — Photo courtesy of VIB HÀ NỘI — VIB has raised US$260 million in international syndicated loans from the Asian Development Bank (ADB), United Overseas Bank Limited (UOB) and nine Asian financial institutions. The …
Read More »Reopening of tourism this month offers hope to businesses
Six Senses Ninh Vân Bay resort, under Ninh Vân Bay Travel Real Estate (NVT), in the south central province of Khánh Hoà. Ninh Vân Bay Travel Real Estate (NVT) recorded net revenue of VNĐ86 billion in the first 9 months of 2021, down 87.6 per cent over the same …
Read More »HCMC supermarkets roll out promotions amid rising prices
Supermarkets in HCMC are offering double-digit discounts as food and gasoline prices surge. Central Retail is offering discounts of up to 50 percent on 390 products before 10 a.m. from Monday to Thursday every week. The list of products includes pork, vegetables and fast-moving consumer goods. Co.opmart has announced a …
Read More »New policy expected to boost domain name trading
In Việt Nam, ‘.vn’ is the country’s code top-level domain. — Photo hostingviet.vn Compiled by Thiên Lý The Ministry of Information and Telecommunications has issued a circular with new provisions which are expected to create resources to develop the domain name market, Đầu Tư (Investment) newspaper reported. Circular No.21/2021/TT-BTTTT, which supplants an …
Read More »Việt Nam needs drastic SOE restructuring: experts
Rạng Đông Light Source and Vacuum Flask JSC has applied a digital transformation strategy and increased its revenue and profit. — Photo courtesy of the firm HÀ NỘI — Deputy Prime Minister Lê Minh Khái signed a decision to deepen the restructuring of state-owned enterprises (SOEs) in 2021-25, on Friday. Decision No 360/QĐ-TTg aims to improve the operational …
Read More »Rising prices of plastic materials put a burden on businesses
Inside a Tiền Phong Plastic Joint Stock Company factory. The gross profit margin of Tiền Phong Plastic Joint Stock Company (NTP) last year dropped sharply from 31 per cent to 24 per cent. — Photo courtesy of the company HÀ NỘI — The price of plastic resin has increased sharply following the price …
Read More »MoIT tells coal producers to maintain production capacity
A coal processing line in northeastern province of Quảng Ninh. MoIT asked Vinacomin and Đông Bắc Corporation to keep production as committed in the signed contracts.— Photo VGP HÀ NỘI — Ministry of Industry and Trade (MoIT) has said the Việt Nam Coal and Mineral Industries Group (Vinacomin) and Đông Bắc Corporation must immediately implement measures …
Read More »Overseas Vietnamese invest US$1.72 billion in Việt Nam in 2021
Overseas Vietnamese have invested USS$1.72 billion into Việt Nam. — Photo lienvietpostbank.com HÀ NỘI — By the end of 2021, overseas Vietnamese in 29 countries and territories had invested in 376 projects in Việt Nam with a total investment of US$1.72 billion. The projects have been invested in 42 out of 63 cities and …
Read More »Market continues to recover with VN-Index heading to 1,470 points
Two investors looking at the stock trading board. Photo VNA/VnExpress News Photo HÀ NỘI — Analysts from securities companies said that last week, investors traded cautiously, but the situation will improve as tensions between Russia and Ukraine are hoped to cool down, along with the Government’s efforts to promote early disbursement …
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