Wednesday , October 30 2024

Business

Business

Vinamilk profits to decline for 2nd year in a row

Vinamilk profits to decline for 2nd year in a row

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 …

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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 …

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HCMC supermarkets roll out promotions amid rising prices

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 …

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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 …

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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 …

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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 …

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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 …

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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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