Vietnam 

Rubber group urged to boost revenue from wood processing – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A rubber wood processing plant of Việt Nam Rubber Group. — Photo vietnamrubbergroup.com HÀ NỘI — Việt Nam Rubber Group must strive to increase its annual revenue to reach US$10 billion, given its advantage of owning more than 400,000 hectares of agricultural and forestry land, Deputy Prime Minister Vương Đình Huệ said at a meeting with the group on Thursday. Focus should be placed on diversifying products made from rubber wood, so that the group could participate deeply in the wood processing industry which could…

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Vietnam 

Smartphones to cover Vietnamese population by 2020 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Most Vietnamese people will use smartphones by 2020. — Photo vietnamplus.vn HÀ NỘI — Almost all Vietnamese people will use smartphones by 2020, according to Minister of Information and Communications, Nguyễn Mạnh Hùng. Hùng said he instructed the Việt Nam Telecommunication Authority (VNTA) to build a new strategy for the industry’s development with an aim to improve Việt Nam’s ranking in the world market. He said it was time for Việt Nam to have a new telecom strategy to improve its ranking. The only strategy was competitiveness. It should have…

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Vietnam 

New programme to bring more Vietnamese fresh foods into modern distribution channels – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HCM CITY — HCM City plans to run a campaign called “Giving wings to Vietnamese products,” to improve the quality of farm produce so that they can enter modern distribution channels and be exported, according to its Department of Industry and Trade. Speaking at a seminar in HCM City on Wednesday, Nguyễn Ngọc Hòa, the department’s deputy director, said after 10 years of implementing, the “Vietnamese people give priority to using Vietnamese goods” campaign has achieved success. But the campaign targets people’s patriotism and only processed items have achieved a…

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Vietnam 

PV Gas reports 16% increase in Q1 profit – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  PetroVietnam Gas Corporation posted a 16 per cent increase in post-tax profit for the first quarter of 2019, which reached VNĐ3.03 trillion. Photo pvgas.com.vn HÀ NỘI — PetroVietnam Gas Corporation (PV Gas) has announced its post-tax profit in the first quarter was up 16 per cent year on year to VNĐ3.03 trillion (US$130.2 million). In the first three months of 2019, the company earned more than VNĐ18.6 trillion in net revenue, a yearly increase of 3 per cent. The company has accomplished 29 per cent of the full-year revenue target…

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Vietnam 

PG Bank targets over $9m pre-tax profit this year – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The total number of employees at PG Bank by the end of 2018 was 1,504, a decrease of 108. — Photo pgbank.com.vn HÀ NỘI — Petrolimex Group Commercial Joint Stock Bank (PG Bank) targets pre-tax profit of VNĐ211 billion (US$9.06 million) in 2019 and total assets to reach nearly VNĐ32.74 trillion by December 31, 2019, a year-on-year increase of 9 per cent. The figures were released in the recently published document of the annual shareholders’ meeting of the bank. The bank said it would add enough resources to implement debt…

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Vietnam 

Cargo via Vietnamese seaports increases in Q1 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Goods are loaded onto ships at Hoàng Diệu Port, Hải Phòng City. VNA/VNS Photo Thống Nhất HÀ NỘI — Over 128.4 million tonnes of cargo were handled through Việt Nam’s seaports in the first quarter of this year, up 7 per cent annually, according to the Việt Nam Maritime Administration (VMA). Of the figure, container cargo hit nearly 4.1 million twenty-foot equivalent units (TEUs). Trịnh Thế Cường, head of the VMA’s transportation and maritime services office, attributed the high cargo volume going through the country’s seaports to the increase…

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FPT’s profit rises 23 per cent, driven by software outsourcing – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The software outsourcing segment recorded revenue of more than VNĐ2.3 trillion and pre-tax profit of VNĐ329 billion by the end of March, both up more than 37 per cent year on year. — Photo courtesy of the company HÀ NỘI — IT giant FPT Corporation reported first-quarter revenue of nearly VNĐ5.7 trillion (US$244.6 million) and before-tax profit of VNĐ960 billion ($41.2 million). Shares of the company (FPT) rose 1.3 per cent on Thursday on the Hồ Chí Minh Stock Exchange to VNĐ48,500 ($2.08) per share following the information. These results represented growth…

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Vietnam 

Lâm Đồng exports macadamia nuts to RoK, Singapore – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Việt Green Maca Company has purchased 50 tonnes of material macadamia from local farmers so far this year. The company shipped 10 tonnes of macadamia nuts to the Republic of Korea (RoK) and Singapore in March. VNA/VNS Photo Đặng Tuấn. LÂM ĐỒNG — The Lâm Đồng-based Việt Green Maca Company reported that it shipped about 10 tonnes of macadamia nuts to the Republic of Korea (RoK) and Singapore in March. According to director of the company, Đỗ Đình Dũng, the firm has provided to the market 25 tonnes of…

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Vietnam 

FPT SBI Holdings invest $3m in blockchain startup – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The signing ceremony. Utop, a Vietnamese startup that was developed based on FPT’s business blockchain platform, bridges loyalty point programmes among merchants. — Photo courtesy of the company HÀ NỘI — FPT Corporation and Tokyo-based SBI Holdings Inc this week signed a memorandum of understanding (MoU) to invest US$3 million into joint venture Utop, a Vietnamese start-up that bridges loyalty point programmes among merchants. Utop was developed based on FPT’s enterprise blockchain platform akaChain, which has been implemented in many countries and across various sectors from finance, insurance, retail, to supply…

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Vietnam 

VPBank officially applies Basel II – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Transactions at VPBank’s branch in Ha Noi. VPBank is one of the first banks in Viet Nam to meet Basel II standards. — VNS Photo HÀ NỘI — VPBank on Wednesday was officially given approval from the State Bank of Việt Nam to apply Basel II, becoming one of the first banks in Việt Nam to meet the standards. According to the decision, all of VPBank’s activities will start to follow Circular 41/2016-TT/NNNN from the beginning of next month. VPBank is one of 10 commercial banks which were selected to…

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