Vietnam 

Đồng Tháp surges ahead with GAP quality for fruits, innovative selling methods – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Farmer Võ Văn Nang hangs a board on a tree in his xoàn orange orchard in Cao Lãnh City’s Tân Thuận Đông Commune. It has the tree’s code and the name of the customer who bought its fruits for a period of one year. – VNA/VNS Photo Chương Đài   ĐỒNG THÁP – The Mekong Delta province of Đồng Tháp is encouraging farmers to grow more fruits to good agricultural practice (GAP) standards to improve incomes and sustainability.   It has more than 600ha of VietGAP- and GlobalGAP-standard…

Read More
Vietnam 

Nation’s industrial production surges in Q1 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Coke is loaded onto a truck to be transported to factories in the northern province of Quảng Ninh. Coke production posted high IIP growth in the first quarter of this year. Photo vietphatjsc.com.vn Viet Nam News HÀ NỘI – The national industrial production index (IIP) saw a year-on-year increase of 9.2 per cent in the first quarter of this year, according to the General Statistics Office (GSO). The positive growth was fuelled by the processing and manufacturing industry which increased remarkably by 11 per cent compared to the same…

Read More
Vietnam 

Insurance industry growth surges 17% in Q1 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam’s insurance industry maintained positive growth in the first quarter of this year, with total premiums surging by 17 per cent year-on-year, according to reports from the General Statistics Office. Life insurance surged by 23 per cent, while non-life insurance increased by 9 per cent. According to the Ministry of Finance’s Insurance Supervisory Authority (ISA), the insurance industry is targeting a growth rate of 20 per cent this year. Experts remain upbeat about the industry’s health in the coming…

Read More
Home 

Mengniu Dairy 2018 profit surges 49 per cent, lifted by strong sales, new premium product mix

China Mengniu Dairy, the mainland’s second largest dairy producer, reported a 49 per cent rise in 2018 net profit, bolstered by rising sales and the introduction of premium products.Net profit was up 48.6 per cent to a record 3.04 billion yuan (US$452 million) for the year ended December 31, while revenue jumped 14.7 per cent to 68.98 billion yuan.The company declared a final dividend of 0.181 yuan per share, up 50.8 per cent year on year.Shares in Mengniu jumped 5.5 per cent to close at HK$27… Source link

Read More
Home 

Shun Tak 2018 profit surges 220 per cent, lifted by residential sales, and one-off disposal

Shun Tak Holdings, the property to transport conglomerate controlled by casino billionaire Pansy Ho Chiu-king, said its profits in 2018 more than tripled, buoyed by sales of residential units and a disposal gain of a stake at its Nova Grand development in Macau.The company reported 2018 net earnings of HK$4.65 billion (US$592.4 million), up 220 per cent from 2017. Revenue rose 3 per cent to HK$6.6 billion.“Overall, in a year of strategic investment and some new beginnings, the group’s results… Source link

Read More
Vietnam 

VN Index surges after Tết – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Vietnamese shares soared in the first trading session after returning from the one-week Tết (Lunar New Year) holiday, driven by positive investor sentiment. The benchmark VN Index on the Hồ Chí Minh Stock Exchange rose by 1.92 per cent to close at 926.10 points. The southern market index had gained a total 1.80 per cent between the beginning of the year and the pre-Tết trading week. More than 124.6 million shares were traded on the main bourse, worth VNĐ2.92 trillion (US$125.5…

Read More
Home 

Developer Jiayuan surges by 21.9 per cent in Hong Kong after chairman clarifies how much stock is held as collateral

Mainland China-based small apartment developer Jiayuan International Group surged by 21.9 per cent in a few minutes after it resumed trading on Wednesday afternoon in Hong Kong, following a stock filing that clarified how much of its stock had been pledged as collateral for loans by its chairman. The stock was trading at HK$4.1 – up by 10.5 per cent – at 2.08pm. In the filing, Jiayuan said Chairman Shum Tin Ching had reported that he and an entity registered in the British Virgin Islands he controls together hold 52.86…

Read More
Vietnam 

Demand for delivery services surges before Tết holiday – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY – Delivery services, especially items for Tết (Lunar New Year), are working hard to meet the surge in demand in the run-up to the year’s biggest holiday in HCM City. Trần Thị Thu Thảo, a clothing store owner in District 3, said the number of buyers as well as requests for home delivery had increased by two to three times compared to an average day. Lê Diễm Hằng, a shipper from District 4 in HCM City, said “on a normal day, I…

Read More
Vietnam 

Investment in fruit, vegetable processing surges as companies realise potential – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Fruit and vegetable exports, which have been growing at around 15 per cent annually for the past five years, are a highly attractive business activity for enterprises, which are increasingly investing in large and modern processing plants. Long An Province-based Lavifood Joint Stock Company earlier this month put into operation a VNĐ1.78 trillion (US$76.7 million) fruit and vegetable processing plant with a capacity of 60,000 tonnes of finished products a year in Tây Ninh Province. Phạm Ngô Quốc Thắng, the company’s…

Read More
Vietnam 

Việt Nam’s actual FDI surges 9% in 2018 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Disbursed foreign direct investment (FDI) in Việt Nam this year experienced a positive increase of 9.1 per cent to US$19.1 billion. During the reviewed period, FDI commitment for 3,046 newly-licensed projects reached nearly $18 billion, equivalent to 85 per cent of the same period last year, according to the Foreign Investment Agency’s report published on Tuesday. After a yearly decline of nearly 10 per cent in FDI added to operating projects totaled at $7.59 billion, the capital pledged for stake acquisitions…

Read More