Business

Vinaconex targets 9.3 percent in 2018 revenue

The Vietnam Construction and Import-Export Corporation (Vinaconex) has eyed a 9.3 percent growth in revenue this year, said Vinaconex General Director Do Trong Quynh at a meeting on January 23.
Vinaconex targets 9.3 percent in 2018 revenue ảnh 1The Vietnam Construction and Import-Export Corporation (Vinaconex) has eyed a 9.3 percent growth in revenue this year. (Source: VNA)

Hanoi(VNA) – The Vietnam Construction and Import-Export Corporation (Vinaconex) has eyeda 9.3 percent growth in revenue this year, said Vinaconex General Director DoTrong Quynh at a meeting on January 23.

Quynh said that thefirm expects 19.44 trillion VND in 2018 revenue and after-tax profit of 1.33trillion VND.

The figures are lowerthan that of 2017 as the corporation withdrew capital from its subsidiaries ofWiwasupco and Vinaconex 7, said Quynh.

To realise the plan,the firm will expand cooperation with domestic and foreign partners, while seekingfor big contracts and FDI partners, while broadening operation areas.

Currently, Vinaconexis focusing on speeding up An Khanh project.

In the coming time,Vinaconex will be concentrating on seeking and re-purchasing projects, while prioritizingprojects in promising localities such as Quang Ninh, Nha Trang, and Ho Chi MinhCity.-VNA
VNA
#Vinaconex #after-tax profit #FDI partners #Quang Ninh #Nha Trang #Ho Chi Minh City #operation areas #Vietnam #VietnamPlus #Viet Nam News
Follow VietnamPlus

Related News

Vinaconex urged to maintain development track

Vinaconex urged to maintain development track

The Vietnam Construction and Import-Export Corporation should stay alert against challenges and continue upholding its tradition of a heroic unit in the stage of development ahead.
Vinaconex tourism affiliate to list in Hanoi

Vinaconex tourism affiliate to list in Hanoi

Vinaconex Investment and Tourism Development Company (Vinaconex ITC) will list 30 million shares on the Hanoi Stock Exchange on May 10, providing investors with more options to invest in the ‘Vinaconex' stream.

See more

Ministerial-level negotiation session between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and US Trade Representative Jamieson Greer (Photo: VNA)

Vietnam, US promote negotiations on reciprocal trade agreement

Vietnamese Minister of Industry and Trade Nguyen Hong Dien and US Trade Representative Jamieson Greer reached a high consensus on principles, approaches, content orientations, and negotiation plans, thereby establishing a foundation for subsequent negotiation sessions to achieve positive outcomes.

Le Thanh Lam, CEO of TOPSKILLS, shares insights into the role of AI in modern HR management at the launch event of the AI-Powered TMS system in HCM City on May 16. (Photo: courtesy of the organisers)

AI helps businesses build resilient, adaptable succession teams

Experts said that in the context of digital transformation and AI increasingly becoming key drivers of business innovation, building a capable succession team—those who will lead the company toward sustainable growth—has become an urgent priority.

Prime Minister Pham Minh Chinh and Thai Prime Minister Paetongtarn Shinawatra witnessed the exchange of the MoU between the Ministry of Industry and Trade and Thailand's Central Group. (Photo: VNA)

MoIT, Thailand’s Central Group forge partnership to boost Vietnamese exports

The MoU, signed as part of Thai Prime Minister Paetongtarn Shinawatra’s official visit to Vietnam from May 15-16, was the result of extensive discussions between the two sides, aimed at enhancing the presence and competitiveness of Vietnamese products, particularly consumer goods, and agricultural and aquatic products.

Chu Lai Port welcomes the Chana Bhum, a Singapore-flagged vessel operated by RCL, marking the opening of the Chu Lai–India shipping route. (Photo: VNA)

Vietnamese firm, Thailand-based shipping line cooperate to launch Chu Lai - India direct call service

The direct call service helps cut transportation time, reduce costs, increase competitiveness by bypassing major transshipment ports in northern and southern Vietnam. At the same time, it opens up new trade opportunities, promotes logistics activities, develops supply chains, strengthens regional connectivity, and enhances the position of Chu Lai Port on the international maritime map.

Deputy Minister of Finance Cao Anh Tuan grants an interview to the Vietnam News Agency (VNA). (Photo: VNA)

Vietnam, US foster bilateral economic, financial cooperation

Strengthening the Vietnam - US economic and financial cooperation will open new avenues for collaboration and serve as a symbol of trust and a substantive Comprehensive Strategic Partnership for mutual prosperity, a Vietnamese official has said.

Ba Ria-Vung Tau seaport (Photo: VNA)

Resolution 68: A game-changer for Vietnam’s private sector

Beyond regulatory reform, Resolution 68 provides support policies for access to land, capital, and high-quality human resources, while also promoting digital transformation, innovation, sustainable development, and global value chain integration.

A booth at VietOffice 2024. The first VietOffice held in May last year was a success, generating positive results. (Photo: VNA)

VietOffice 2025 expected to attract 100 exhibitors

The event will see the participation of about 100 exhibitors from eight countries and territories, namerly India, Taiwan (China), China, the Republic of Korea, Japan, Hong Kong (China), the US, and Vietnam.

Illustrative image (Photo: VNA)

Exporters diversify orders to reduce reliance on single market

Facing the risks posed by trade barriers and potential reciprocal tariffs from the US, many businesses have proactively shifted their market strategies, stepped up trade promotion, and diversified their orders to reduce reliance on a single market.

A customer buys petrol at a station in Hanoi. (Photo: VNA)

Government proposes 2-pp VAT reduction on select goods and services until 2026

A 2-percentage-point reduction in the value-added tax (VAT) for goods and services will lead to a decrease in state revenue by approximately 121.74 trillion VND (over 4.69 billion USD) over the proposed period. This includes an estimated 39.54 trillion VND in the second half of 2025 and 82.2 trillion VND in 2026.

Illustrative photo (Photo: VNA)

Petrol prices up in latest adjustment

E5 RON92 petrol is now capped at 19,180 VND (0.74 USD) per litre, up 403 VND from the previous adjustment, while RON95-III petrol costs 19,594 VND per litre, up 415 VND.

Delegates at the groundbreaking ceremony. (Photo: VNA)

Ba Ria-Vung Tau: New phase of luxury resort project kicks off

The nearly 1 billion USD subdivision includes a system of 5-star hotels, resort villas, entertainment facilities, a casino, and an international convention and exhibition centre, with more than 6,000 rooms, serving over 18,000 guests at the same time.