Hoa Sen reports 217 pct increase in profits

Steel giant Hoa Sen Group's profits jumped by 217 percent in March to VND501 billion ($21.7 million).

Fri, 16 Apr 2021 15:10:52

Hoa Sen reports 217 pct increase in profits

Steel giant Hoa Sen Group's profits jumped by 217 percent in March to VND501 billion ($21.7 million).

Exports grow significantly in first quarter

At the end of first Quarter in 2021, exports of goods recorded a remarkable growth compared to many countries in the region with 11 items reaching turnover of over US$1 billion. However, it is forecasted that commodity exports will continue to face many difficulties when the supply chain is interrupted, input costs such as logistics, imported raw materials increase.

Vietnam Railways pleads for government funding as staff remain unpaid

Vietnam Railways owes its 11,300 workers four months’ salaries due to a funding delay by the government, and fears this could cause many to quit.

Quang Ninh Leads in PAPI 2020 Rankings

The northern province of Quang Ninh has taken the lead in the Viet Nam Provincial Governance and Public Administration Performance Index (PAPI) 2020 rankings. 

 

VCCI News

Sustainable Market Development Strategy for Vietnamese Agricultural Products

In recent years, Vietnam’s economic structure has changed positively with the greater share of service and industrial sectors. Even so, agriculture still accounts for about 10% of GDP and creates many jobs. However, the thorny setback of “steep price slump in bumper crop” sparked many farm produce rescue campaigns.

Fri, 16 Apr 2021 15:10:25

 

24/7 News


Infographics: Overview of PAPI 2020

PAPI is a flagship governance program initiated by the United Nations Development Programs in Viet Nam since 2009. PAPI measures and benchmarks citizens’ experiences and perception on the performance and quality of policy implementation and services delivery of all 63 provincial governments in Viet Nam to advocate for effective and responsive governance.

Fri, 16 Apr 2021 16:22:56

Restaurant chain operator Golden Gate’s profit plummets

Restaurant chain operator Golden Gate saw its post-tax profit plunge 79.8 percent year-on-year to VND65 billion ($2.8 million) in 2020.

Fri, 16 Apr 2021 15:33:33

 

Q&A

A reader who has email address as thanhtrungx @ xx asked: My company registered to operate in labor outsourcing business. I would like to ask, What wereconditions to be licensed to operate outsourcing labor? Which cases were not allowed to outsource labor?

Tue, 13 Apr 2021 14:22:20


When is exempt from paying administrative fines?

A reader who has email address as tranmanhx @ xx asked: I have just been sanctioned for an administrative violation of VND1 00,000,000. However, due to difficult family circumstances, I am unable to pay the fine. I would like to ask, May I suspend the enforcement of the decision to impose a fine or to waive it?

Tue, 13 Apr 2021 14:16:05


Conditions for applying the form of self-execution of bidding packages

In case the bidding package is performed by a dependent accounting unit, the implementation plan must include a draft contract. In case the organization directly managing and using a bidding package does not have a dependent accounting unit, the implementation plan must include a draft agreement on assigning it to an affiliated unit for implementation.

Tue, 13 Apr 2021 14:13:19


Are contract payments available through representative office accounts?

The representative office of BIOPHARM CHEMICALS CO., LTD in Ho Chi Minh City is not allowed to conduct business activities in Vietnam, so there are no legal sources of income from business activities in Vietnam to transfer to Representative Office's payment account.

Tue, 13 Apr 2021 14:11:38


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