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
Automobile industry
Creative touch preferred as industry moves out
For Hà Nội, in particular, and Việt Nam in general, many experts said converting old factories into creative hubs is still a new thing despite the fact that there have been a number of places successfully converted such as the old printing factory of the Nhân Dân newspaper in Tràng Tiền Street turned into the L'Espace, a French cultural centre; a workshop of the old central Pharmaceutical Factory 2 in Trần Thánh Tông Street becoming Complex Zone 9 and another old factory site turned into Complex 01 in Tây Sơn Street. … [Read more...] about Creative touch preferred as industry moves out
Cityland Education, EHL to train hospitality professionals
Việt Nam’s Cityland Education on Thursday signed an agreement with EHL Advisory Services to become the EHL Licensed Centre’s vocational education and training (VET) licensing centre to train service-minded hospitality professionals. An EHL campus … [Read more...] about Cityland Education, EHL to train hospitality professionals
Additional US$1 million funding established to aid startups in Binh Duong
Therefore, local administrations will accompany with startup companies and individuals that have creative ideas. Local administrations will give consultations and finance potential startup companies. More meetings will be organized to exchange opinions between the provincial administrations and enterprises which are hoped to promote startup movement in Di An Town of Binh Duong Province. … [Read more...] about Additional US$1 million funding established to aid startups in Binh Duong
Hanoi targets growth of SMEs, jobs for women
To ensure sustainable development of enterprises, Hanoi has directed all departments and sectors to focus on synchronous implementation of solutions to overcome difficulties and resolve challenges for enterprises in their trade and production activities. The capital city has also promoted budget spending in order to implement support programs and policies and enhance knowledge and administration for businesses, as well as strengthen training of human resources for small- and medium-sized enterprises (SMEs) owned by women. … [Read more...] about Hanoi targets growth of SMEs, jobs for women
