With its effective implementation, in the first quarter of the year, although KDF recorded net revenue of VND260 billion ($11.1 million), slightly down by 2.3 per cent year-on-year, pre-tax profit increased by 15.9 per cent year-on-year, reaching VND27.3 billion ($1.2 million). … [Read more...] about KIDO Group reports steady sales in oil and frozen businesses
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BUSINESS NEWS HEADLINES APRIL 7
The economic impact of the virus is even affecting giants such as Samsung Vietnam, one of the country’s largest hard currency earners, which are poised to scale down production. Indeed, the firm’s projected export value for the year will also be slashed by roughly US$6 billion to US$45.5 billion in comparison to last year’s US$51.3 billion. … [Read more...] about BUSINESS NEWS HEADLINES APRIL 7
16,000 businesses still need Ministry of Finance rescue
Associate Professor Doctor Nguyen Thi Thuy Duong, lecturer at the National Economics University, said that in order to cover all businesses hit by COVID-19, the Ministry of Finance should stipulate businesses which were damaged by the pandemic would be supported from the package, and not distinguish specific industries. … [Read more...] about 16,000 businesses still need Ministry of Finance rescue
HCM City to form business support working group
Le Thanh Liem, deputy standing chairman of the city, said last week that the city would continue to work with investors to help resolve their problems so they can carry on with their projects. … [Read more...] about HCM City to form business support working group
Lamp producer holds onto cash as business hit by virus
According to CEO and Chairman Ho Quang Hung, the spread of the new coronavirus will definitely hamper market consumption in 2020. Though the firm has taken measures to stop its operation being affected, holding onto cash is now a better option to prepare for potential risks, he said. … [Read more...] about Lamp producer holds onto cash as business hit by virus
