After losing their grip atop the table to Ho Chi Minh City FC last weekend, tomorrow’s match against lower-rated Viettel will be a good opportunity for manager Chu Dinh Nghiem’s side to resume their winning run in a bid to reclaim their dominance of Vietnamese football’s top division. A much anticipated derby It is a long time since Hanoi football fans watched the last capital derby in the domestic arena. Years after the clashes between Hanoi Police – The Cong or Hanoi T&T – Hoa Phat Ha Noi, Hang Day stadium will be heated again with the battle between Viettel and Hanoi FC this Wednesday. This is also one of the most anticipated encounters of match day 3, between the reigning champions, who have remained unbeaten in their past two games, and the V.League newbies, whose lineup has been supplemented with many quality players. Hanoi FC currently possess the most dreadful attacking line of the V.League. (Photo: VPF) Viettel will head into the match with … [Read more...] about V.League Preview: Hanoi FC resume winning streak?
Hoa phat ha noi
Illustrative image (Source: VNA) Hanoi (VNA) – Hoa Phat Corporation announced on January 29 that its steel products are now available in 14 countries with a total export volume of nearly 240,000 tonnes in 2018, up 50.97 percent annually. Steel pipes recorded a surge of nearly 70 percent annually. Its total revenue hit 56.5 trillion VND (2.4 billion USD), up 21 percent from 2017. Notably, its post-tax profit rose to an all time high of 8.6 trillion VND, surpassing its target by 7 percent year-on-year. In the fourth quarter, the corporation earned about 14.5 trillion VND in revenue and 1.76 trillion VND in post-tax profit. Construction steel, steel pipes, and plated metal sheets made up 85 percent of its revenue and post-tax profit. Hoa Phat sold a record of more than 3.16 million tonnes of steel, up 5.3 percent from 2017, including 2.37 million tonnes of construction steel and 654,000 tonnes of steel pipe. Construction steel accounted for 23.8 percent of the … [Read more...] about Hoa Phat’s steel export surges in 2018
Tran Dinh Long, founder of steelmaker Hoa Phat Group, has been knocked off the Forbes list of the world’s billionaires. — Photo cafef.vn The founder of Viet Nam’s largest steelmaker Tran Dinh Long has been knocked off the Forbes list of the world’s billionaires after shares in Hoa Phat tumbled 30 per cent from the peak recorded in March. According to Forbes’s real-time rankings, Viet Nam now had three billionaires, including Pham Nhat Vuong, chairman of Vingroup, with a net worth of US$6.7 billion (ranking 220th), Nguyen Thi Phuong Thao, chairwoman of low-cost carrier Vietjet with a net worth of $2.6 billion (ranking 879th) and Tran Ba Duong, founder of Truong Hai Auto, with a net worth of $1.7 billion (ranking 1,332nd). Long was included in Forbes list of the world’s billionaires in March when shares in Hoa Phat peaked at VND48,000 ($2.1) per share. At that time, Long had a net worth $1.3 billion. Since then, shares have fallen to VND34,000 as of … [Read more...] about Founder of steelmaker Haa Phat relegated from Forbes’ billionaire list
PetroVietnam signs deals on Sao Vang-Dai Nguyet gas field exploitation A series of trade agreements on exploiting the Sao Vang-Dai Nguyet gas field was inked between the Vietnam National Oil and Gas Group (PetroVietnam) and its partners in Hanoi on July 31. The agreements included a gas sales and purchase and a gas supply agreement. The stakeholder participation in the Petroleum Sharing Contract includes the operator Idemitsu Kosan Co Ltd with 43.08 percent; Teikoku Oil (Con Son) Co Ltd, 36.92 percent; and PetroVietnam, 20 percent. Speaking at the signing ceremony, PVN General Director Nguyen Vu Truong Son said the signing of trade agreements achieved after over two years of negotiations among sides involved. He said the event is very significant for the gas filed to turn out the first flow of oil and gas in the third quarter of 2020, with an estimated annual output of 1.5 billion cubic metres of gas and of 2.8 million barrels of crude oil and natural-gas condensate. The … [Read more...] about BUSINESS NEWS IN BRIEF 4/8
Viet Nam’s benchmark VN-Index was steady on Tuesday as stocks were hit by strong selling and investors were concerned with the movement of the world stock market.— Photo vietnambiz.vn Viet Nam’s benchmark VN-Index was steady on Tuesday as stocks were hit by strong selling and investors were concerned with the movement of the world stock market. The benchmark VN-Index on the HCM Stock Exchange ended almost flat at 1,159.39 points compared to its previous ending level of 1,159.22 points on Monday. The VN-Index has gained total 3.2 per cent in the last seven consecutive sessions following the latest slight increase. More than 214 million shares were traded on the southern exchange, worth VND6.32 trillion (US$281 million). The market breadth was negative as the market was overwhelmed by declining stocks, which outnumbered gainers by 186 to 113. The VN-Index slowed down its growth towards the end of the session after it surpassed the 1,160-point level, touching 1,166.33 … [Read more...] about VN-Index firm amid profit-taking