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Early this year, SCG Cement Building Materials Co., Ltd. has sponsored 400 tonnes of cement for the Youth Union in Quang Binh to build 45 playgrounds across the province. Amongst which, the SCG Outdoor Gym model in Nam Ly ward is the first gym concept that SCG has picked to develop at the ward’s cultural house. The design had been released to the residential community for feedback, and the construction was carried out by local volunteers. … [Read more...] about SCG builds outdoor community gym in Quang Binh

Besides, the projected complex will comprise a feed production factory with a capacity of two million tons per year, a slaughterhouse and a processing facility covering 400 hectares with a capacity of 600,000 tons per year. The project will be carried out in three phases. … [Read more...] about Russian firm to build pork processing complex in Thanh Hoa

These achievements have been recognised and appreciated by the international community. According to the United Nations Development Program (UNDP), Viet Nam has created a "legendary story" in poverty reduction with its human development index (HDI) of 0.63 in 2019, ranked 118 out of 189 countries and in the group of countries with the highest HDI growth rate in the world. … [Read more...] about Vietnam posts remarkable economic achievements in 2016-2020 period

Hanoi (VNA) - Despite the impact of COVID-19, the Hoa Phat Group still recorded a surge in both revenue and profit in 2020, the inter-sectoral conglomerate has said. It earned almost 91.28 trillion VND (3.9 billion USD) in revenue and posted 13.5 trillion VND in after-tax profit last year, up 41 percent and 80 percent, respectively, against 2019. In the fourth quarter alone, its revenue rose 43 percent year-on-year to nearly 26.17 trillion VND, while after-tax profit surged 142 percent to 4.67 trillion VND - a quarterly record. Steel manufacturing was a growth driver, the group said, adding that crude steel output doubled the 2019 figure, to 5.8 million tonnes, including 5.1 million tonnes of steel billet and finished construction steel and nearly 700,000 tonnes of hot rolled steel. In particular, 3.4 million tonnes of finished construction steel were produced, up 22.5 percent against 2019. Hoa Phat’s steel market share in Vietnam currently stands at 32.5 percent. The group … [Read more...] about Hoa Phat Group posts 80 pct. growth in after-tax profit

The country stands to benefit from the trade and technology tensions between the United States and China, which are expected to continue under the new U.S. administration. Significant supply-chain relocation is already underway as a result of the U.S.-China trade war. … [Read more...] about Standard Chartered forecasts Vietnam’s 2021 GDP growth at 7.8%