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At the PVPower's Nhon Trach 2 thermal power plant (Photo: VNA) Hanoi (VNA) - PetroVietnam Power Corporation (PV Power) reported a post-tax profit of 1.159 trillion VND (over 49.56 million USD) in the first six months of 2022, surpassing the target set for the entire year by 56%. This year, PV Power 's profit plan has been adjusted down from its previously announced level. Therefore, its first-half post-tax profit , despite representing an annual decrease of 19%, still exceeded the yearly goal. Also in the period, its electricity output reached 7.1 billion kWh, reducing by 25% year-on-year. Nguyen Dinh Thi, head of PV Power's economic planning department, said that with such output decrease, the company’s revenue amounted to 14.865 trillion VND, equaling 61.3% of the yearly plan but down 5% compared to the same previous last year. Meanwhile, mobilised electricity prices in the first half increased sharply, even hitting 2,000 VND per kWh sometimes. In the … [Read more...] about PV Power’s first-half post-tax profit nears 1.16 trillion VND

A view of Nhon Trach 1 and Nhon Trach 2 power plants in Dong Nai. — Photo pvpower.vn PetroVietnam Power Corporation (PV Power) reported post-tax profit of VND1.159 trillion (over US$49.56 million) in the first six months of this year, surpassing the target set for the entire year by 56 per cent. This year, PV Power's profit plan has been adjusted down from its previously announced level. Therefore, its first-half post-tax profit, despite representing an annual decrease of 19 per cent, still exceeded the yearly goal. Also in the period, its electricity output reached 7.1 billion kWh, reducing by 25 per cent year-on-year. Nguyen Dinh Thi, head of PV Power's economic planning department, said that with such output decrease, the company’s revenue amounted to VND14.865 trillion, equaling 61.3 per cent of the yearly plan but down five per cent compared to the same previous last year. Meanwhile, mobilised electricity prices in the first half increased sharply, even hitting … [Read more...] about PV Power’s first-half post-tax profit nears $50 million

Office workers withdraw money from an ATM. (Photo: VNA) In particular, workers in the processing - manufacturing industry had average income of VND7.3 million, rising by some VND476,000 year on year, while salary earners saw an increase of VND417,000 in their monthly income to VND7.4 million Pham Hoai Nam, Director of the Population and Labor Statistics Department under the General Statistics Office, told a press meeting in Hanoi on July 6. In the second quarter, all the 21 economic sectors recorded year-on-year hikes in workers’ average income, including mining (VND9.7 million, up 17.1 percent) and processing - manufacturing (VND7.4 million up 12.4 percent). He said during 2019 - 2021, workers’ income in Q2 often declined from the previous quarter since additional earnings coming from year-end extra work and Lunar New Year bonuses are usually paid in Q1. However, the situation was different this year, when the Q2 average income did not decrease but went up both quarter on … [Read more...] about Workers’ average monthly income grows 5.3 percent in H1

Specifically, by the morning of July 6, Dream Republic Joint Stock Company and Sheen Mega Joint Stock Company have not yet paid a total land-use fee of VND7.82 trillion to the tax agency. According to regulations, after the above deadline, the Ho Chi Minh City Auction Service Center will prepare documents to report the above results to the Department of Natural Resources and Environment and submit them to the People's Committee of HCMC on the cancellation of the auction results. According to regulations, if it is more than 180 days from the time the tax agency signed the notice, i.e., July 6, the auction winner still has not paid the land-use fee, the auction result will be canceled. At the same time, these two enterprises will not receive a total of VND319.2 billion of deposit (20 percent of the starting price). Previously on May 6, Thu Duc City Tax Department decided to coerce by deducting money from the bank accounts of these two enterprises. This decision is valid for 30 days. … [Read more...] about Two Thu Thiem land auction winners still fail to pay land-use fees

Border guards of the Central Highland province of Gia Lai said on July 6 that they had started legal proceedings against a man for allegedly trafficking seven Jrai ethnic teenagers from Gia Lai to Cambodia. Border guards from La O commune arrest Tran Quang Quyet for trafficking seven ethnic teenagers into Cambodia. Furthermore, they also completed the procedures to hand over the case to the Ministry of Public Security’s Investigative Police Agency for further investigation. A preliminary investigation revealed that at the start of the year Tran Quang Quyet, 21, residing in neighbouring Kon Tum province, was initially tricked into entering Cambodia to work for a company, and by June he owed the firm over VND100 million. He received a proposal by two Vietnamese women in Cambodia that he would be paid US$700 for each person he could bring into Cambodia. On June 19 - 20, Quyet persuaded seven teenagers from La O commune (Gia Lai) to work in Tay Ninh province … [Read more...] about Man prosecuted for trafficking ethnic teenagers to Cambodia

Part of the Vietnam - Singapore Industrial Park in Hai Phong city (Photo: VNA) Hai Phong (VNA) – For the last half of 2022, Hai Phong city will apply itself to flexibly and effectively fighting COVID-19 and shoring up business and investment activities so as to attract more foreign direct investment ( FDI ), a local official has said. Nearly 1.1 billion USD of FDI was poured into the northern port city in the first six months, falling by over 11% from a year earlier and equivalent to almost 44% of this year’s target. FDI inflows are expected to stand at 0.85 billion USD in the third quarter and 0.85 - 1.1 billion USD in the fourth quarter. Le Trung Kien, head of the Hai Phong Economic Zone Authority , said the city looks to surpass this year’s FDI attraction target of 2.5 billion USD. To that end, the authority will boost investment promotion and attraction for the three pillars of economic development, namely high-tech industry, seaports - logistics, and … [Read more...] about Hai Phong striving to attract over 2.5 billion USD in FDI this year