Paper sector posts over 93 million USD in 2016 revenue
The Vietnam Paper Corporation (VPC) achieved a revenue of over 2.1 trillion VND (over 93 million USD) in 2016, contributing 99.2 billion VND (4.3 million USD) to the State budget.
Illustrative image (Source: VNA)The information was revealed at a conference in the northern province of Phu Tho on January 18 to review the company’s production and business last year and launch 2017 plans.
According to reports, in 2016, the firm produced a total of 104,000 tonnes of paper in the year. It exploited 261,000 cu.m of wood for paper material, and planted 3,500 ha of new forest.
Addressing the conference, VPC General Director Vu Thanh Binh stressed that the industry will have to face many difficulties and challenges in 2017 in the context of declined consumption of printing and writing paper and fierce competition in the market.
Binh stated, in the coming time, the firm will focus on promoting the restructuring and equitisation in line with the plan of the Government and the Ministry of Industry and Trade.
Attention will be paid to cutting production costs to reduce prices and improve products’ competiveness. The corporation will work hard to better the production and business efficiency of forestry companies.
It aims to pocket over 2.1 trillion VND in revenue in 2017, the same amount as last year.-VNA
You should also see
VNA marks 70th anniversary of Dien Bien Phu Victory with various activities
The Vietnam News Agency (VNA) hosted an array of activities to celebrate the 70th anniversary of the Dien Bien Phu Victory (May 7, 1954 - 2024).
See more
Business
Vietnam treasures multifaceted cooperation with Côte d'Ivoire: Deputy FM
Vietnam always attaches importance to and wishes to bolster multifaceted cooperation with Côte d'Ivoire – its traditional friendship partner in Africa, Deputy Minister of Foreign Affairs Nguyen Minh Hang has said.
Videos
Foreign investment driven towards new breakthrough phase
Vietnam has so far drawn nearly 500 billion USD in registered FDI capital after nearly four decades of opening up its economy, with investment quality improvement considered a key task for a new breakthrough phase ahead.
Business
Quang Ninh attracts additional 115 million USD from Japan investors
The Quang Ninh Economic Zone Authority (QEZA) presented investment certificates to two Japanese projects worth 115 million USD in total at a conference held at Song Khoai Industrial Park (IP) on April 19.
Business
Central bank plans to auction gold bars on April 22
The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
Business
Hanoi to host Vietnam Medipharm Expo 2024
The 31st Vietnam International Medical and Pharmaceutical Exhibition (Vietnam Medipharm Expo 2024) is scheduled to take place in Hanoi from May 9 to 12, an official of the Ministry of Health (MoH) told a press conference on April 19.
