Its foreign branches recorded net revenues of VND761 billion ($33 million), accounting for 5 percent of the consolidated net revenue. This figure was affected by business activities of the wholly-owned subsidiary Driftwood in the U.S., which were hit by the closure of schools in California - the main customer group - over Covid-19. … [Read more...] about Vinamilk records double digit growth in Q2 despite pandemic
Product planning manager
Of note, PetroVietnam’s exploration activities recorded an important milestone last month when the group confirmed a large oil and gas reserve at Ken Bau well, which is expected to open up more opportunities to attract investment in exploitation and processing, the gas power industry, and oil and gas services in the time to come. PetroVietnam also successfully put into operation the Song Hau Thermal Power Distribution Centre on July 10, signed a contract on management and operations with the National Power Transmission Corporation (EVNNPT), and successfully fired up Turbine 1 at the Song Hau 1 Thermal Power Plant Project for the first time on July 28. According to Hung, positive production and business results during January-July resulted in sound financial outcomes, despite the average price of oil falling to 44 USD per barrel in the period, equal to just 73 percent of the planned price of 60 USD assigned for 2020. The group, therefore, reported total revenue of 327.8 … [Read more...] about PetroVietnam posts profit of over 430 million USD despite twin crises
Developing sustainable agriculture is not new in Vietnam. In 2013, the government released Decision 899, approving a plan on restructuring agriculture which strives for added value and sustainable development. Developing sustainable agriculture is not new in Vietnam. In 2013, the government released Decision 899, approving a plan on restructuring agriculture which strives for added value and sustainable development. … [Read more...] about Has Vietnam’s sustainable agriculture developed well?
At a virtual meeting between the group and its member units last week regarding production and business, General Director Le Manh Hung said that with the early and flexible implementation of a number of solutions in response to the “twin crises” of oil price fluctuations and COVID-19, the group maintained production and ensured the supply of strategic commodities such as gas, electricity, fertiliser, and petrol for the economy. … [Read more...] about PetroVietnam posts profit of over $430 million despite twin crises
Hanoi (VNA) - The 47th meeting of the National Assembly (NA) Standing Committee opened in Hanoi on August 10. Opening the meeting, NA Chairwoman Nguyen Thi Kim Ngan said that, amid the new outbreak of COVID-19 in Vietnam, agencies and organisations must strive to adapt to the situation and complete all necessary tasks for the remainder of the year. NA agencies should continue working closely together with relevant agencies and organisations to flexibly arrange work plans to ensure matters are submitted to the NA and NA Standing Committee for consideration, she said. The meeting is to last for three days and focus on debating a draft revised Law on Residence; a draft law on amendments and supplementations to a number of articles in the Law on the Handling of Administrative Violations; a draft revised Vietnam Border Guard Law; a draft revised Law on Environmental Protection; a draft law on amendments and supplementations to a number of articles in the Law on HIV/AIDS Prevention and … [Read more...] about NA Standing Committee convenes 47th meeting