The Hanoitimes - Revenue from technology and telecom sectors contributed 94% to the corporation`s total revenue. Vietnam's leading IT service provider FPT report after-tax profit of VND1.96 trillion (US$84.53 million), up 16% year-on-year, local media reported. Illustrative photo. In the January - August period, FPT's revenue reached VND14 trillion (US$603.86 million), up 19% year-on-year and pre-tax profit of VND2.34 trillion (US$100.87 million), up 32% year-on-year, stated the company's financial statement. In like for like comparison (FPT Retail and Synnex FPT were regarded as associates for the first eight months of 2017), the IT companys' revenue decreased by 49% year-on-year, equal to 105% of the year-to-date target, and pre-tax profit up 17%, equal to 113% of the year's target. After-tax profit was VND1.96 trillion (US$84.53 million), up 16% year-on-year, while the figure attributable to parent company's shareholders was up 19% to VND1.54 trillion … [Read more...] about Vietnam FPT sees net profit up 16% in 8 months
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Đồng Nai trade surplus makes up 64 per cent of country’s total
The southeastern province of Đồng Nai achieved a record trade surplus of US$1.8 billion in the first eight months of the year, the highest in the country, according to the provincial statistics office.— Photo baodongnai.vn HCM CITY — The southeastern province of Đồng Nai achieved a record trade surplus of US$1.8 billion in the first eight months of the year, the highest in the country, according to the provincial statistics office. In the period, total exports reached $12.2 billion in the province, up by nearly 12 per cent compared with same period last year, while the total import value was $10.4 billion. According to the General Statistics Office (GSO), the country gained a trade surplus of $2.8 billion in the first eight months of this year. With $1.8billion surplus, Đồng Nai made up 64 per cent of the country’s total. The province has around 50 products with high export turnover, including textiles and garments, footwear, … [Read more...] about Đồng Nai trade surplus makes up 64 per cent of country’s total
Unlicensed 3 wheeled vehicles to be banned in Hanoi
All substandard three and four-wheel vehicles operating on Hanoi streets will be confiscated from July 1 this year, according to the municipal Department of Transport. All substandard three and four-wheel vehicles operating on Hanoi streets will be confiscated from July 1 this year (photo by NLD) The Hanoi Department of Transport said the agency will licence and provide certificates of registry for standard self-modified three-and four-wheeler vehicles by owned by war veterans to carry goods. Wounded war veterans are allowed to use one vehicle of this kind which meet technical standards. From July 1, all three and four-wheeler vehicles which fail to meet required standards will be banned. The department reported that to date only 30 three-wheelers owned by wounded war veterans have been licensed to operate in Hanoi to carry goods, with the remainder operating completely illegally. As of mid-May, up to 4,367 people in Hanoi used three and four-wheeler vehicles Tien … [Read more...] about Unlicensed 3 wheeled vehicles to be banned in Hanoi
Việt Nam records $3.39 billion trade surplus
Viet Nam News HÀ NỘI — Việt Nam continued to make a trade surplus of US$3.39 billion in the first five months of 2018, reported the General Statistics Office (GSO). The foreign direct investment (FDI) sector, including fuel, took the lead with a surplus of $13.78 billion. The country’s export turnover increased by 15.8 per cent year-on-year to $93.09 billion in the first five months, of which the domestic-invested sector reached $26.43 billion, up by 17 per cent, while the FDI sector (including fuel) earned $66.66 billion, rising by 15 per cent and occupying 71.6 per cent of the country’s total exports. Major export products posting encouraging earnings included electronics and computers worth $10.9 billion, up by 14.2 per cent; mobile phones and components, which were valued at $19.5 billion, up by 19.8 per cent; and machinery, equipment and parts amounting to $6.4 billion, up by 29.7 per cent. Others products included footwear ($6.1 … [Read more...] about Việt Nam records $3.39 billion trade surplus
Agro-forestry and fisheries exports pick up despite falling prices
Garments top export list Vietnam tops the list of pepper exporters The Ministry of Agriculture and Rural Development says that the growth was thanks to an increase in export volume to make up for a decline in prices in most consumer markets. Exports of agricultural products were estimated at US$7.7 billion (up 9.6 percent); seafood at US$2.9 billion (up 10.6 percent) and forestry products at US$2.3 billion (up 22.9 percent). But all of seven key agricultural products, except pepper, have gone down in price. In the first two quarters of this year, Vietnam shipped 3.7 million tonnes of rice and earned US$1.7 billion, down 8.8 percent in volume and 13.5 percent in value. The average rice price was US$464 per tonne, down 5.7 percent. By far, China has been the largest importer of Vietnamese rice, followed by Malaysia, with imports rising almost 20 percent compared to a year earlier. With the average coffee price of US$2,090 per tonne, US$94 lower than last year’s figure, the … [Read more...] about Agro-forestry and fisheries exports pick up despite falling prices