Hanoi (VNA) - Vietnam’s largest refining and petrochemical firm, Binh Son Refining and Petrochemical JSC (BSR), has estimated that its third-quarter profits stood at more than 171 billion VND (7.37 million USD). It sold more than 925,000 tonnes of products, exceeding the quarterly plan by 24.8 percent, posted total revenue of over 9 trillion VND, and contributed more than 972 billion VND to the State budget. The numbers reflect the significant efforts BSR has made amid many difficulties caused by COVID-19, which has impacted the firm in terms of both material supply and product consumption. It reported total revenue of more than 31.7 trillion VND in the first half of this year, down 38 percent against last year. A loss of 4.25 trillion VND was incurred in the first half after it enjoyed a post-tax profit of 704 billion VND in the same period of 2019. BSR reported revenue of more than 13.7 trillion VND in the second quarter alone, down by more than half compared to last … [Read more...] about Binh Son Refining and Petrochemical JSC reports Q3 profits
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BSR posts after-tax profit of over 1.25 trillion VND in Q4 2020
Hanoi (VNA) - 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. According to its financial report for 2020, though it posted negative growth for the year as a whole, its indications in cash flow for payments and operations remained stable. As of the end of 2020, its total property was worth 54.53 trillion VND, an increase of 2.31 trillion VND against 2019. The company basically completed all of its targets in 2020. It operated the Dung Quat Oil Refinery in a safe and stable manner, with average operational capacity standing at 105 percent and total output at about 5.95 million tonnes, surpassing the target by 7 percent. Total revenue hit more than 57.89 trillion VND last year, while State budget contributions totalled 6.24 trillion VND. It cut costs by about 1.8 trillion VND … [Read more...] about BSR posts after-tax profit of over 1.25 trillion VND in Q4 2020
VIETNAM NEWS JANUARY 20
Addressing a ceremony marking the force’s 75th anniversary (February 21) in Hanoi on January 19, PM Phuc stressed that to fulfill the heavy responsibility assigned by the Party, State, Ministry of Public Security, and people, the public security intelligence force needs to be well aware of the situation and their tasks while closely following and effectively serving the Party and State’s leadership and governance. … [Read more...] about VIETNAM NEWS JANUARY 20
Chemical weapons catastrophe: Resources mobilised to ease Agent Orange pains
Colonel Le Dinh Vu, Office Chief of the National Steering Committee on the Settlement of Post-war Unexploded Ordnance and Toxic Chemical Consequences (Office 701), said that the office signed a memorandum of intent with the United States Agency for International Development (USAID) on support for people with disabilities in Vietnam, including AO/dioxin victims. … [Read more...] about Chemical weapons catastrophe: Resources mobilised to ease Agent Orange pains
Vietnam needs 150 billion USD for energy generation over next decade: expert
Hanoi (VNA) – Vietnam will need 150 billion USD to invest in power generation projects in the next 10 years, equal to half of the country’s current gross domestic product (GDP), which raises demand for international financing.International Financing for Independent Power Projects (IPPs)” on November 24 in Hanoi.power projects, especially independent projects, is a necessary requirement,” Hien said. … [Read more...] about Vietnam needs 150 billion USD for energy generation over next decade: expert