Leading steelmaker Hoa Phat Group posted its highest ever quarterly profit in the second quarter at VND9.7 trillion ($423 million), tripling year-on-year.
A group of 30 pharmaceutical production companies from India plans to build the first Pharma Park in Viet Nam, and Da Nang city’s Hi-tech Park has been suggested as a prime location.
The government has set up a public-private working group to restore and prop up the tourism sector in Cambodia during and after the Covid-19 crisis.
Ly Hour Pay Pro Plc, a subsidiary of Ly Hour Group, is keen to integrate its digital payment solutions into the Ministry of Commerce’s CambodiaTrade e-marketplace, the ministry said in a press release on July 28.
After emerging as Southeast Asia's largest steelmaker this year, Hoa Phat Group aims to solidify its position by breaking ground for a $3.7-billion blast furnace plant early next year.
HCM City People’s Committee Chairman Nguyen Thanh Phong has approved the establishment of an advisory group for COVID-19 prevention and economic revival.
A technical working group – set up to gather and provide input and guidance on the customs and industrial concerns blighting the private-sector non-garment export landscape – has raised a series of issues for the government to resolve, pertaining to restrictions on goods traded via international land borders instituted domestically and abroad as preventive measures against Covid-19.
Accelerating digital transformation and improving technology infrastructure capacity are key to MB Group’s strategic goals for the new period.
VietNam Economic News
The Vietnam Oil and Gas Group (Petrovietnam) surpassed financial targets in terms of revenue, profit, and contribution to the state budget in the first half of 2021, according to reports shared in an online meeting to review business results in the first six months and implement tasks and plans in the second half.
Vietnam is expected to move to a group of upper-middle-income countries by 2025.