HA NOI — The PetroVietnam Fertiliser and Chemicals Company (PVFCCo) revealed that this year it targeted for production of 800,000 tonnes of nitrogenous fertiliser and 100,000 tonnes of export fertiliser with a turnover of VND15 trillion (US$714.3 million).
Last year, PVFCCo produced 800,000 tonnes, 4 per cent above its target. Its revenue of 2011 reached VND8.936 trillion ($425.5 million), increasing 28 percent over the previous year.
PVI wins magazine insurance award
HA NOI — PVI Holdings has been listed as the Vietnamese Insurance Company of the Year in Viet Nam by World Finance, a British finance magazine.
It is the second time in succession that the company has won the prize. In 2011, PVI Holdings' revenue reached VND5,200 billion (US$247.6 million), 6 per cent above target. Profit was VND450 billion ($21.4 million), up 34 per cent over the previous year
HANSAE invests $30m in industrial zone
HA NOI — HANSAE Joint Stock Company started the construction of a garment plant at Tan Huong Industrial Zone in southern Tien Giang Province yesterday. The project, worth $30 million, will be built with an annual capacity of 30 million products. Apart from the plant in Tien Giang, South Korean HANSAE Corporation also owns two others in HCM City and Tay Ninh Province.
Garuda Indonesia opens branch in Viet Nam
HA NOI — Garuda Indonesia National Airline has recently accepted TransViet Promotion Company as its representative in Viet Nam. TransViet Promotion will carry out activities such as selling, marketing and helping customers book tickets in Viet Nam.
Electronic payments OK for auction site
HA NOI — Electronic payment gateway, NganLuong.vn co-operated with Online Auctions Site, 24bid.vn to help customers of 24bid.vn make faster and more convenient payments.
Using intermediary payment tools for online trade improves electronic business and promotes cashless payment in the future. — VNS