Hoa Phat reports highest-ever revenue, after-tax profit Business

Hoa Phat reports highest-ever revenue, after-tax profit

The industrial manufacturer Hoa Phat Group posted 24.9 trillion VND in revenue in the third quarter of this year, up 62.7 percent year on year, and after-tax profit of over 3.78 trillion VND, doubling the figure recorded in the same period last year, the highest result that the firm has made in a quarter.
Vietnam maintains tariffs on imported steel Business

Vietnam maintains tariffs on imported steel

Vietnam’s Ministry of Industry and Trade (MoIT) has decided to maintain safeguard measures for steel billets and steel bars imported from a number of countries and territories including China, the US, Canada, Germany, France, Japan and the Republic of Korea.
Steel prices surge ahead of tariffs Business

Steel prices surge ahead of tariffs

The domestic steel market has seen a price surge and hoarding before temporary safeguard measures recently imposed on two types of steel imports into the Southeast Asian country, experts said.