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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

Kien Giang (VNA) - The first round of the National Billiards and Snooker Tournament 2020 kicked off in Rach Gia city in the Mekong Delta province of Kien Giang on June 11. This is the first time Kien Giang has hosted a national billiards and snooker tournament, which will determine the competitors in international championships this year. A total of 944 players from 26 cities and provinces nationwide will compete in six competitions: three-cushion billiards, cushion carom, six red-ball snooker, English billiards, and nine-ball pool and ten-ball pool during the ten-day event, which will wrap up on June 20./. … [Read more...] about More than 940 players competing in 2020 national billiards, snooker tournament

Notably, Viet Nam has gained outstanding achievements in the international integration process. According to Minister Nguyen Chi Dung, by 2020, Viet Nam has signed 15 free trade agreements and is negotiating two others. The country has 16 strategic partners, 11 comprehensive strategic partners and joined more than 500 bilateral and multilateral agreements in many fields. A total of 71 countries have so far recognised Viet Nam as a market economy. … [Read more...] about Vietnam posts remarkable economic achievements in 2016-2020 period

Statistics showed that last year, five groups of products enjoying the largest export turnover to the US included garment-textile, accounting for 24 percent of total shipments, with footwear (11 percent), mobile phones and components (15 percent), computers and electronic products (10 percent) and wooden products (9 percent). … [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