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 

Vissan targets 14 per cent revenue increase – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

At the Vissan annual general meeting in HCM City on April 11. — VNS Photo Xuân Hương HCM CITY —Shareholders of leading food company Vissan Joint Stock Company approved a number of targets for 2019 at its annual general meeting yesterday. They include pre-tax profit of VNĐ200 billion (US$8.6 million) on revenues of VNĐ4.85 trillion ($208.9 million), respectively 14 per cent and 9 per cent up. Its fresh meat and processed food output are expected to increase by 10 per cent to 28,092 tonnes and 24,930 tonnes. Speaking at the…

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Vincom Retail’s revenue up 65 per cent in 2018 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The shareholders of Vincom Retail agreed to approve the development and investment-business plans for 2019 with the continued promotion of Vincom’s presence in provinces and cities nationwide. HÀ NỘI — Vincom Retail Joint Stock Company earned total net revenue of VNĐ9.12 trillion (US$392.2 million) in 2018, up 65 per cent compared with the previous year, according to its financial report released at the second shareholders’ meeting in Hà Nội on Thursday. The report showed that Vincom Retail’s total asset value gained nearly VNĐ38.7 trillion, with operating profit margin reaching 33 per cent. In terms of…

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Vietnam 

PV Gas raise dividend to 53 per cent, posting $124m revenue in Q1 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The company has already paid 40 per cent for 2018’s dividend and the remaining 13 per cent will be paid this year. Photo laodong.vn HÀ NỘI PV Gas (GAS) decided to raise its 2018 dividend from 40 per cent to 53 per cent thanks to its spectacular business performance last year. This information was reported at the company’s annual shareholders’ meeting on Tuesday. The company has already paid 40 per cent for 2018’s dividend and the remaining 13 per cent will be paid this year. PV Gas planned a low…

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Alibaba-backed parenting platform Babytree to branch out globally, grow international revenue over three years

Babytree, China’s largest parenting website, wants to expand globally within three years, targeting markets with growing internet use and infrastructure, while at the same time capitalising on the growing number of second child births domestically.The company, which is backed by South China Morning Post‘s parent Alibaba Group Holding, said last week it wants revenue from international business to exceed a third of its China revenue within the next three years, and expects to do so without too… Source link

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Vietnam 

Steel producer Hòa Phát targets US$3 billion revenue – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Hòa Phát Group targets after-tax profits of VNĐ6.7 trillion on revenues of VNĐ70 trillion (US$3 billion) this year. The figures were announced after they were approved at the steel giant’s annual general meeting in Hà Nội last week. Last year consolidated revenues were VNĐ56.5 trillion and after-tax profits were VNĐ8.6 trillion, up 21 per cent and 7 per cent. The company’s general director, Trần Tuấn Dương, said the profit target is 22 per cent lower than last year’s because the…

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Vietnam 

January-February budget revenue rises 18.2 per cent – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Budget revenue from import and export activities in January-February was up 16.8 per cent to VNĐ51.5 trillion thanks to growth momentum retained in the period. – Photo baodautu.vn Viet Nam News HÀ NỘI — State budget revenue in the first two months of this year totalled nearly VNĐ246.5 trillion (US$10.6 billion), representing a rise of 18.2 per cent over the same period last year and equivalent to 17.5 per cent of the Government’s target for the full year. Domestic revenue was estimated at VNĐ204.8 trillion, increasing by 19…

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People’s Daily website becomes top stock pick as it ratchets up censorship to new level, fuelling revenue expectations

People.cn, the cheerleading website of the official newspaper of Communist Party of China, suddenly has a new claim to fame: hot stock pick.Investors have been piling into the stock, sensing the website of the People’s Daily has incredible profit potential at a time when president Xi Jinping has tightened his grip over news and commentary.Shares of the Shanghai-listed website soared 10 per cent to 31.5 yuan (US$4.70) a few minutes after trading started on Tuesday. It was the 12th time in the… Source link

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Ping An Good Doctor taps parent’s insurance clients to boost online consultation revenue

Ping An Healthcare and Technology, China’s largest health care and online medical platform, will see a marked increase in revenue growth this year as it taps into the vast client base of its parent company, according to chief executive Wang Tao.The start-up, better known as Ping An Good Doctor, recently joined forces with the life, medical, property and casualty insurance units of its parent Ping An Insurance (Group) as well as Ping An Bank to offer their clients family doctor referrals and… Source link

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Vietnam 

Metfone revenue tops $2.2 billion over 10 years in Cambodia – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Metfone, the first telecommunications brand of Viettel in an overseas market, posted an accumulated revenue of more than US$2.2 billion in its first 10 years of operation. Its accumulated profit reached $300 million and the earnings before interest, tax, depreciation and amortisation (EBITDA) has been maintained at a high level. By the end of 2018, Metfone had helped Viettel pay back its dividend of nearly $250 million, nearly six times higher than the investment capital. The results were announced at a…

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