Petrovietnam oil phu yen joint stock company

The Hanoitimes - The daily turnover in Vietnam’s stock market has been extremely high for the last several months, said the head of independent Finish fund manager Pyn Elite Fund. Vietnamese listed companies’ first quarter earnings reports in April will indicate strong earnings growth for many businesses in the year 2021. Petri Derying, portfolio manager of Finland-based Pyn Elite Fund. Source: arvopaperi.fi Petri Derying, portfolio manager of Finland-based Pyn Elite Fund, wrote in a note, discussing the prospect of Vietnam’s economy this year. “Covid crisis is still slowing down many economies, but it is likely, that in the year 2021 we will see strong growth globally due to last year’s poor numbers,” said Derying. According to Derying, there is already evidence of the robust growth in Vietnam’s exports in the first six weeks of the year with a turnover of US$38.57 billion, up 36% year-on-year. “These numbers indicate very strong growth for the whole … [Read more...] about Listed companies’ strong performance in Q1 indicates bright outlook in 2021

On behalf of the real estate enterprises, Mr. Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association (HOREA), said that compared to the previous year, there was an additional petition of Gamuda Land Joint Stock Company. The petition states that while waiting for the Prime Minister to decide on a VND514-billion deduction following the recommendations of the Government Inspectorate, over the past time, construction investment and business activities of the company have been stagnant, affecting the reputation and brand of this company in 10 years of operation in Vietnam. As for the matter of social housing, Mr. Le Huu Nghia, CEO of real estate developer Le Thanh, said that they were considering whether to develop social housing again. Because of too many difficult procedures, many people advised him to play safe by switching to develop commercial real estate. At the Le Thanh Tan Kien social housing project in Binh Chanh District, although the HCMC People's Committee had … [Read more...] about HCMC resolves difficulties for real estate to boost economic development

Prof. Dr. Andreas Stoffers - Country director, Vietnam The Friedrich Naumann Foundation for Freedom The United Kingdom is an important trading partner of Vietnam. In 2020, trade turnover between the two countries amounted to $6.6 billion. With $5.8 billion in exports, Vietnam’s trade balance was clearly positive, which also underlines the country’s strong interest in reaching an amicable agreement with the UK. In recent years, despite the uncertainties associated with Brexit, the growth of trade relations has been unbroken, averaging 12.1 per cent per annum in 2011-2019. The trade relations between the EU and Vietnam are naturally greater given the fact that the EU is the world’s largest market. In 2019, the EU was the second-most important overseas market for Vietnamese products with a total trade volume of $56.45 billion, of which Vietnam’s exports accounted for two-thirds ($41.55 billion). This is 16 per cent of the country’s total export volume. In 2020, exports to the EU … [Read more...] about Added trade potential for Vietnam with UK-EU deals

The Hanoitimes - The city’s authorities will promote production of handicraft products. Hanoi will set up 30-40 new showrooms displaying and selling products developed under the national One Commune One Product (OCOP) program. A OCOP showroom in Thanh Tri district, Hanoi. Photo: kinhtedothi This is an important target mentioned in the city's plan on the development of OCOP showrooms associated with craft village tourism in Hanoi in 2021. Under the plan, the city’s authorities will promote production and sale of handicraft products, especially OCOP products, typical rural industrial items, and those with market potential in the capital, provinces and cities nationwide. According to the plan, each district/town will have two operating OCOP showrooms or more. The municipal People's Committee will conduct a survey to find locations of OCOP showrooms according to regulations. The committee has also required departments and localities to inspect … [Read more...] about Hanoi to launch 30-40 OCOP showrooms in 2021

The Hanoitimes - To date, Hanoi has completed a similar process for 630 OCOP products achieving 3-star rating and above, exceeding the target of having at least 500 OCOP products. For the next five years, Hanoi targets to complete the evaluation and classification process for at least 2,000 products under the national’s One Commune, One Product (OCOP) program. Hanoi leaders visit display section of OCOP products. Photo: Trong Tung. Director of the municipal Department of Agricultural and Rural Development Chu Phu My announced the plan at a conference taking stock of the OCOP program in 2020 on December 25. To date, Hanoi has completed a similar process for 630 OCOP products achieving 3-star rating and above, exceeding the target of having at least 500 OCOP products. Along with the development of OCOP products, Hanoi has launched 13 OCOP showrooms in the city and organized four OCOP trade promotion events for products from northern mountainous, Red river … [Read more...] about Hanoi targets 2,000 new OCOP products in the next 5 years