Vietnam operation helps Thai food firm record strong profit hike World

Vietnam operation helps Thai food firm record strong profit hike

Charoen Pokphand Foods (CPF) of Thailand and its subsidiaries have reported that their consolidated first-quarter net profit skyrocketed by 40 percent year on year to 4.279 billion baht (nearly 134 million USD) thanks to their pork business activities in Vietnam.
Vietnam’s road sector forecast to grow 7.2 pct in 2019 Business

Vietnam’s road sector forecast to grow 7.2 pct in 2019

The expansion of Vietnam’s road network would continue in the next decade in order to support growing freight transport volumes due a projected increase in economic activity, Fitch Group’s Fitch Solutions Macro Research forecast in a report released on May 14.
Vietnam benefits from firms’ moving out of China Business

Vietnam benefits from firms’ moving out of China

Vietnam, boasting complete infrastructure, abundant industrial property on offer and a line-up of inked free trade pacts, is an attractive destination for world’s leading corporations, who are shifting production out of China due to high costs, said real estate consulting company CBRE Vietnam.
Power management centre launched on Phu Quy Island Business

Power management centre launched on Phu Quy Island

The Phu Quy Island District Electricity Company has just inaugurated a management and operation centre on the island, which is said to be a starting point for future projects such as solar and other power plants to meet demand.
Foreign investment in banking sector to surge Business

Foreign investment in banking sector to surge

The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II standards is spelling the start of a wave of foreign investment into the country’s finance and banking sector in 2019, experts said.
Vietnamese, US investors to cooperate in LNG project Business

Vietnamese, US investors to cooperate in LNG project

T&T Group and its US partner Gen X Energy recently worked with leaders of the southern province of Ba Ria – Vung Tau to discuss investing in a liquefied natural gas (LNG) project worth nearly 6 billion USD in the locality.