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Hanoi (VNA) - Despite the impact of COVID-19, the Hoa Phat Group still recorded a surge in both revenue and profit in 2020, the inter-sectoral conglomerate has said. It earned almost 91.28 trillion VND (3.9 billion USD) in revenue and posted 13.5 trillion VND in after-tax profit last year, up 41 percent and 80 percent, respectively, against 2019. In the fourth quarter alone, its revenue rose 43 percent year-on-year to nearly 26.17 trillion VND, while after-tax profit surged 142 percent to 4.67 trillion VND - a quarterly record. Steel manufacturing was a growth driver, the group said, adding that crude steel output doubled the 2019 figure, to 5.8 million tonnes, including 5.1 million tonnes of steel billet and finished construction steel and nearly 700,000 tonnes of hot rolled steel. In particular, 3.4 million tonnes of finished construction steel were produced, up 22.5 percent against 2019. Hoa Phat’s steel market share in Vietnam currently stands at 32.5 percent. The group … [Read more...] about Hoa Phat Group posts 80 pct. growth in after-tax profit

Viet Nam’s GDP size last year increased by about 1.4 times compared to 2015. The country completed the national target programme on new-style rural area building nearly 2 years ahead of the roadmap, with about 63 per cent of communes nationwide meeting the programme’s standard by the end of 2020, against the set target of 50 per cent. … [Read more...] about Vietnam posts remarkable economic achievements in 2016-2020 period

A representative of the Vietnam Leather, Footwear and Handbag Association (Lefaso) said that despite a decline in consumer demand during the COVID-19 pandemic, footwear exports in the first five months of 2020 to the US reached more than 2.43 billion USD, accounting for 36.3 percent of Vietnam’s footwear export turnover. … [Read more...] about Vietnam-US friendship thrives after a quarter of a century

Hanoi (VNA) – One more COVID-19 infection was recorded in Vietnam on January 25, raising the total to 1,549, according to the National Steering Committee on COVID-19 Prevention and Control. The new case returned to Vietnam from Indonesia on January 10, and was quarantined upon her arrival at Hanoi’s Noi Bai International Airport. Among the total, 693 cases were transmitted domestically. Additional 14 patients were given the all-clear on January 25, bringing the total number of recoveries to 1,425. Among patients undergoing treatment at medical establishments across the country, eight tested negative for the coronavirus once, eight others twice and 11 thrice. At present, 20,890 people who had close contact with COVID-19 patients or entered Vietnam from pandemic-hit areas are under quarantine./. … [Read more...] about Vietnam records one imported COVID-19 case