During the Reporting Period, revenue from the beverage solutions segment increased to HK$808.7 million (2017: HK$711.3 million), representing an increase of 13.7%. The revenue growth in beverage solutions segment was primarily because of the increase in revenue derived from tea and instant beverage mix products in Mainland China. Gross profit increased by 16.6% to HK$308.1 million (2017: 264.3 million), mainly in line with the increment in revenue. Gross profit margin increased to 38.1% (2017: 37.2%), primarily because of the relatively higher gross profit margin generated from tea and instant beverage mix products. … [Read more...] about Tsit Wing Recorded Revenue of HK$1,071.2 Million for FY2018 Profit Attributable to Owners of the Parent for the Year Increased by 64.4%
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As a Sweden-based company with a strong commitment to quality and sustainability placed at the core of its business, Tetra Pak has continuously promoted the collection and recycling of beverage cartons provided by the company to the Vietnamese market. To date, Tetra Pak has 56 public drop-off stations in Vietnam so that consumers can bring their used beverage cartons for recycling. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES OCTOBER 23
In 2016, when GotIt!, the education platform on Apple Store and Google Play came to Vietnam to recruit specialists, he joined as a recruiter. There were 10,000 candidates, but only 2 percent of them were recruited because of insufficient English skills. … [Read more...] about What does Vietnam’s education system need?
Having determined enterprises as the core and the motivation for economic development, the city has carried out several programs to support and create conditions for enterprises to promote production and business activities. Accordingly, it held many meetings and worked directly with most associations and enterprises in many fields to listen, summarize, and report to the Prime Minister on policies to continue supporting enterprises, workers, markets, and credit. Of these, the important issue is not only to provide more credit for active enterprises but also to charge off debts for enterprises directly affected by the pandemic. On the other hand, the city has continued to join hands with enterprises to stabilize markets, access new markets, better exploit the domestic market, organize to connect supply and demand, connect production with consumption channels in the city, and at the same time strongly deploy public investment projects, supporting the real estate market to develop … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES OCTOBER 21
Hotels of between 2-4 stars have followed suit with appealing discounts. For instance, Lotte Hotel Saigon has offered a 32% discount for room prices, including free breakfast. Customers can also cancel reserved rooms without being charged. For rooms which are priced at VND1.99 million, customers are provided a 20% discount of services at Legend Healing Spa as well as food services. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES OCTOBER 28