Business quarters

Hanoi (VNS/VNA) - After performing well last year despite the COVID-19 pandemic, many companies have prepared new plans for 2021. While some firms, such as GELEX, have doubled their targeted profits, others which reported good results in 2020 have lowered their expectations. In a report after the general meeting of shareholders held at the end of December, Vietnam Electrical Equipment Joint Stock Corporation (GELEX) stated that its revenue in 2021 is forecasted at 33 trillion VND, with a profit of 1.8 trillion VND, doubling the profit targets of 2020. The optimistic target is partially based on the planned merger with Viglacera Corporation (VGC). Last year, the company posted an increase of 21.3 percent year-on-year to 4.8 trillion VND in revenue in the third quarter, but the profit before tax decreased by 18.1 percent to 262 billion VND and the profit after tax also fell by 13.3 percent to 218.4 billion VND. In the first eleven months of 2020, profit after tax was at 640.9 billion … [Read more...] about Vietnamese businesses set mixed targets

However, there are still many Vietnamese enterprises who are not properly aware of the role and importance of the brand and have not yet built a strong brand. Although Vietnam has strengths and a leading position in exporting agricultural and aquatic products in key product areas such as rice, coffee, and pepper, the country is yet to have a worthy agricultural brand with the ability to dominate internationally. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 12

Currently Austal Vietnam has 323 staff at its facility in Dong Xuyen Port of Vung Tau, which is slightly up from the figure of 318 employed in October 2019. During its first two years of operation, it has provided intern opportunities for 24 naval architects from the University of Transportation and Communication - Ho Chi Minh City, Da Nang University of Technology, Ba Ria-Vung Tau University, Ho Chi Minh City University of Technology, and Nha Trang University. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 13

“At present, over 80 percent of Hau Giang farmers have focused on using fragrant rice varieties and high-quality rice varieties. Of which, for some rice varieties, such as Dai Thom 8 and ST24, many traders have made deposits to buy rice from farmers,” said Mr. Tran Chi Hung, Director of Department of Agriculture and Rural Development of Hau Giang Province. According to Mr. Tran Chi Hung, fortunately, the percentage of farmers using certified rice varieties provided by prestigious seed producers and agricultural extension centers is increasing day by day. This is an opportunity for rice farmers to use certified rice varieties and select high-quality rice varieties to meet the need of exporting enterprises. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 14

To accomplish its targets, this year HAGL Agrico will focus on creating a master zoning plan for large-scale farming and husbandry areas. It will ensure topography and soil are suitable for each kind of fruit to facilitate mechanisation and modern management and synchronise technical infrastructure to meet the needs of irrigation, garden care, harvest, transportation, and preservation at farms. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 15