Tuesday , May 21 2024

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Steelmakers report biggest-ever losses

Steelmakers report biggest-ever losses

Leading steelmakers in the country have reported biggest-ever Q3 losses in amidst low sales, rapidly falling prices and high inventories. The nation’s biggest steelmaker, Hoa Phat, incurred negative after-tax return of VND1.79 trillion ($72 million), the first loss it has reported in 13 years. This is also the third consecutive …

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Vietnam, China issue joint statement, agree to bolster cooperation

Vietnam and China on Tuesday issued a joint statement saying cooperation between the two countries need to be bolstered for the interests of both countries’ people. The statement, announced during the official visit of General Party Secretary Nguyen Phu Trong to China, says Vietnam and China are good friends, neighbors …

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