FPT’s profit up by nearly 19 percent in Q1 Business

FPT’s profit up by nearly 19 percent in Q1

FPT Corporation achieved revenue of 6.63 trillion VND (282.6 million USD) and pre-tax profit of 1.14 trillion VND (48.6 million USD) in the first quarter of the year, a year-on-year increase of 17 percent and 18.9 percent, respectively, surpassing 2 percent of its target.
Lotte Group looks to develop Southeast Asian markets World

Lotte Group looks to develop Southeast Asian markets

The Republic of Korea (RoK)’s retail and chemical giant Lotte Group is ramping up efforts to tap deeper into Southeast Asia and advanced economies amid falling sales in China, once its biggest overseas market, industry sources said on May 28.
Manufacturing firms perform better in Q2 Business

Manufacturing firms perform better in Q2

Up to 82.6 percent of the processing and manufacturing enterprises said they enjoyed a more stable and better business operation in the second quarter of the year, according to the General Statistics Office of Vietnam.
Korean SMEs’ exports to Vietnam soar in 2017 World

Korean SMEs’ exports to Vietnam soar in 2017

Small- and medium-sized enterprises (SMEs) of the Republic of Korea (RoK) exported 12.6 billion USD worth of goods to Vietnam in 2017, up 33.4 percent over the previous year, reported the Korea Small Business Institute (KOSBI).
Experts urge private economy boost Business

Experts urge private economy boost

Vietnam needs a number of large and medium-size firms in order to mentor and push forward small businesses, which are the backbone of a healthy economy, according to VCCI General Secretary Pham Thi Thu Hang.
 Japanese firms show optimism in Vietnam Business

Japanese firms show optimism in Vietnam

A survey report by the Japan Bank for International Cooperation (JBIC) has revealed that Vietnam ranks among the top five countries preferred by Japanese firms for overseas business operations.
EU food firms to seek business in Vietnam Business

EU food firms to seek business in Vietnam

The European Commissioner for Agriculture and Rural Development will lead a high-level trade mission to Southeast Asia, including Vietnam, to explore market opportunities in the region.
Viettel expands overseas investments  Business

Viettel expands overseas investments

Viettel Group’s total overseas investment increased by 9 percent to nearly 1.5 billion USD in 2015, an expansion rate four times the average of the global industry.
Export plan looks to wipe out trade deficit by 2020 Business

Export plan looks to wipe out trade deficit by 2020

Vietnam targets average export growth of 11-12 percent a year until 2020 and gradual reduction of imports to wipe out the trade deficit by then and achieve a surplus by 2030, according to its overseas market development plan.
Business

Vietnam Report shows enterprise optimism

A new report has shown that many enterprises are optimistic about Vietnam and see big prospects in the country, the Vietnam Investment Review (VIR) reported on July 29.