Cambodia should consider developing industry transformation maps in key sectors to enable the transition to the fourth industrial revolution (4IR) with adequate investment in skills development for new and repositioned jobs, according to a new study by the Asian Development Bank (ADB).
The Binh Son Refining and Petrochemical Joint Stock Company (BSR) posted over 1.25 trillion VND (54.14 million USD) in after-tax profit in the fourth quarter of 2020, up 1.08 trillion VND over the previous quarter, reflecting its better business performance.
The State Capital Investment Corporation (SCIC) plans to invest 8 trillion VND (approximately 345.6 million USD) in Vietnam Airlines JSC (HVN). The amount is equal to 25 percent of HVN’s charter capital.
Vietnam’s largest petroleum retailer Petrolimex has reported that earned almost 1.27 trillion VND (55 million USD) in pre-tax profit in 2020, equivalent to 81 percent of this year’s target and down nearly 76 percent from 2019.
The Central Institute for Economic Management (CIEM) introduced two scenarios for Vietnam’s economic growth 2021 during a seminar held in Hanoi on January 15.
Vietnam will remain at the centre of Asian supply chains and one of the most competitive manufacturing locations in the Asia-Pacific region, said analysts at the Economist Intelligence Unit in a report on the country released on January 13.
The State Capital Investment Corporation (SCIC) announced on January 14 that its pre-tax profit soared over 36 percent in 2020, hitting an estimated 6.58 trillion VND (around 286 million USD).
Export turnover through border gates in the Mekong Delta province of An Giang exceeded 1.31 billion USD in 2020, representing a year-on-year increase of 8 percent, according to the provincial Department of Customs.
The military-run telecommunication group Viettel posed revenue of over 264 trillion VND (11.48 billion USD) in 2020, up 4.4 percent against the previous year and exceeding its yearly plan by 2.4 percent.
The authorities of northern Bac Ninh province always create favourable conditions for, and work to promptly remove difficulties facing foreign businesses, including those from the Republic of Korea (RoK), to effectively operate in the locality, Secretary of the provincial Party Committee Dao Hong Lan has said.
Deputy Prime Minister Truong Hoa Binh has assigned the State Bank of Vietnam (SBV) to devise measures to control illegal financial transactions and tax evasion via illicit international payment gateways.
Thailand’s Ministry of Tourism and Sports has gathered input from the tourism and hotel industries on potential measures to aid them in the current COVID-19 crisis, with loan deferments, utility discounts, and a tax deadline postponement among the measures to be proposed to the Prime Minister on January 12.
Despite the difficulties caused by the COVID-19 pandemic and natural disasters that directly affected it, the Vietnam Rubber Group achieved its revenue and profit targets for 2020.
The Commission for the Management of State Capital at Enterprises (CMSC) has completed the settlement of 233 out of 259 cases transferred from ministries, including 44 handled in 2020, heard a conference in Hanoi on January 11.
Prime Minister Nguyen Xuan Phuc on January 11 said the Vietnam Oil and Gas Group (PetroVietnam) needs to remain a role model in expanding markets, optimising opportunities, connecting investment, and reviving growth, among other matters.
HDBank was honoured along with other leading companies such as Vinamilk, Vingroup, CP Vietnam, and Vietnam National Petroleum Group as being among the Top 50 of Vietnam at the ceremony to announce the country’s 500 largest companies (VNR500) last week in Hanoi.
After performing well last year despite the COVID-19 pandemic, many companies have prepared new plans for 2021. While some firms, such as GELEX, have doubled their targeted profits, others which reported good results in 2020 have lowered their expectations.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) sets to increase pre-tax profit by 12 percent year-on-year to 25.2 trillion VND this year, said Director-General Pham Quang Dung at a Hanoi conference on January 11.
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