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 

Petrolimex targets 26% dividend payout – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The Việt Nam National Petroleum Group (Petrolimex) will discuss a 26 per cent dividend payout rate at its annual shareholder meeting, which is scheduled for April 26. — Photo petrolimex.com.vn HÀ NỘI — The Việt Nam National Petroleum Group (Petrolimex) plans to make a 26 per cent dividend payout for its performance in 2018. The rate will be discussed at the firm’s upcoming annual shareholder meeting on April 26 and it would be lower than 2017 dividend payout rate, which was 30 per cent. Petrolimex is listing more than 1.29 billion shares…

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Vietnam 

Techcombank targets US$504.3 million in pre-tax profit – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Techcombank has targeted a pre-tax profit of more than VNĐ11.7 trillion (US$504.3 million) in 2019, representing a 10 per cent year-on-year increase. — Photo vietnamfinance.vn HÀ NỘI — Techcombank has targeted a pre-tax profit of more than VNĐ11.7 trillion (US$504.3 million) in 2019, representing a 10 per cent year-on-year increase. The target was approved at its annual shareholders’ meeting held in Hà Nội last week. It also planned to increase its total assets by 17 per cent to VNĐ375.8 trillion this year while holding outstanding loans at VNĐ245.4 trillion, up 32 per cent from…

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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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JD targets deep job cuts as morale sags at Chinese online shopping site

JD.com is preparing deep cuts to its workforce and rescinding some job offers as the Chinese e-commerce giant struggles to revive dwindling morale and rein in losses, people familiar with the matter said.Alibaba Group’s closest rival told managers that it is looking to reduce headcount across the company, cutting some teams by as much as half, one of the people said, citing an internal email. JD is reneging on some work contracts and offering impacted college graduates token compensation of 5… Source link

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Macau group targets rich Hong Kong retirees with promise of better quality of life in Greater Bay Area

A Macau conglomerate is targeting Hong Kong’s affluent retirees, urging them to leave the city’s cramped retirement homes for a better quality of life across the border in the Greater Bay Area.“It is time for Hong Kong’s retired people to embrace high-end housing and services,” said Amber Li, founder of Serensia Woods, a 300-unit retirement community in Zhuhai’s Hengqin area. “Hongkongers are among the wealthiest people in the world, but they live in cramped spaces.”The 2 billion yuan (US$298… Source link

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Vietnam 

Vietsovpetro surpasses oil and gas production targets for Q1 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The Việt Nam-Russia joint venture Vietsovpetro reported that its oil and gas production in the first quarter of 2019 surpassed its target for the period, vietnamplus.vn reports.  Photo vietsov.com.vn   HÀ NỘI The Việt Nam-Russia joint venture Vietsovpetro reported that its oil and gas production in the first quarter of 2019 surpassed its target for the period, vietnamplus.vn reports.  In terms of oil and condensate, the firm exploited 919,000 tonnes in lot 09-1, 7.5 per cent higher than the set target, and 43,700 tonnes in lot 09-3/12,…

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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 

HCM City targets sustainable economic development – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY – Businesses should aim for sustainable economic development by using environmentally friendly production and “green” financial sources, experts have recommended. Such goals are part of the “Trade for Sustainable Development” project, which promotes green production and green finance (finance that facilitates sustainable and environmentally friendly practices). The project kicked off in HCM City in March. The city is the second region in Việt Nam to launch the project after Hà Nội. The two-year project is run by the Việt Nam Trade Promotion…

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