A factory in Long An Province’s Long Hậu Industrial Park. The province is aiming forGRDP growth of 9.6 per cent in 2019. – VNA Photo Thanh VũViet Nam News LONG AN – Long An Province aims for a Gross Regional Domestic Product of 9.6 per cent and a GRDP per capita of VNĐ74 million (US$3,184) for 2019. Agriculture, forestry and fishery are expected to grow by 1.5 per cent, industry and construction by 14.7 per cent, and commerce and services by 7.2 per cent, while food output is to grow by 2.74 million tonnes. In 2018, its GRDP grew by 10.36 per cent, higher than the goal of 9.4 per cent and highest over the last few years. Industrial production and construction also grew by 16 per cent. Long An also gathered over VNĐ14.88 trillion for governmental budget, the highest in the Mekong Delta. The province has over 11,000 firms, with over VNĐ273.4 trillion of registered capital. It is a leading Mekong Delta province and one of the most … [Read more...] about Long An aims for 9.6% GRDP growth
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Hà Nội’s leader expects to bring iPhone production lines of Chinese firms to the capital city. - Photo Daily StarViet Nam News HÀ NỘI — Chairman of the People’s Committee of Hà Nội Nguyễn Đức Chung expects a Chinese group to bring its iPhone production line to the capital city. The information was shared by Vũ Tiến Lộc, Chairman of the Việt Nam Chamber of Commerce and Industry (VCCI), during a meeting between the Prime Minister’s task force group and the Hà Nội People’s Committee on Thursday. According to Lộc, in the context of the accelerating US-China trade war, there is a wave of factories shifting production from China to Việt Nam, in which the northern region and Hà Nội are top destinations for investors. Earlier, Apple’s AirPods assembler, Chinese firm GoerTek, confirmed plans to shift production out of China to avoid the escalating … [Read more...] about Hà Nội expects to be new production location for iPhone makers
The Hanoitimes - Hanoi gathers favorable conditions to become headquarters of world’s leading corporations, according to a business executive. Chairman of Hanoi People’s Committee Nguyen Duc Chung is in contact with a Chinese corporation with a view to bringing the Iphone production line to Vietnam's capital city, according to Vu Tien Loc, chairman of the Vietnam Chamber of Commerce and Industry (VCCI). Illustrative photo. In the context of the US – China trade friction, there is a wave of investors moving from China to Vietnam, Loc said in a meeting on November 22. According to Loc, the northern region, especially Hanoi, is a top destination for investors, and the relocation of a Iphone factory from China to Vietnam is part of this wave. Loc added that Hanoi could become headquarters of the world’s leading corporations. As a new investment wave is coming, the VCCI chairman expected Hanoi to continue improving the … [Read more...] about Hanoi aims to become new location for Iphone factory
The 15th International Exhibition on Automobile, Transportation and Supporting Industry (Vietnam AutoExpo 2018) will be held at the National Convention Center in Hanoi from June 6-9. Visitors at Vietnam AutoExpo 2017 - Source: organization board This year, the exhibition will cover an area of over 10,000 square meters, with 450 pavilions introducing new products and services in automobile, motorbike and supporting industry in Vietnam. Theo VNA … [Read more...] about Vietnam AutoExpo 2018 slated for June 6 9th in Hanoi
The consecutive decrease in profit makes it questionable whether domestic private Hoa Sen Group can develop the $10.6-billion Ca Na steel project in the central province of Ninh Thuan. Hoa Sen Group may not be able to develop the $10.6 billion Ca Na steel complex? According to CafeBiz, steel maker Hoa Sen Group has published a bleak financial statement for the first quarter of 2018 (the second quarter of the 2017-2018 financial year ending in September this year). Accordingly, the firm reported VND7.66 trillion ($336.5 million) in revenue, up 23 per cent on-year. However, its net profit was only VND115 billion ($5.05 million), one-fifth of last year’s figure. The firm’s after-tax profit was only VND87 billion ($3.82 million). The major reason for this plunge is due to the increase of expenditures, including interest payments for debts. Notably, the corporation’s short-term debt increased by VND3.6 trillion ($158.1 million) to VND16.24 trillion ($713.5 … [Read more...] about Bad performance spells doom for $10.6 billion Hoa Sen Group steel complex?