Spain-based corporation enters Việt Nam’s water treatment market

GS Inima Environment, the water treatment subsidiary of Spain-based GS Engineering and Construction Corp. (GS E&C), has acquired a 30 per cent stake of Phú Mỹ Vinh Construction & Investment JSC (PMV) – an industrial water supplier in Việt Nam's southern province of Long An.

VAT cut boosts economy

The reduction of value added tax (VAT) from 10 to 8 per cent will help stimulate various sectors in the economy.

Fuel shortage raises need of Nghi Sơn’s restructuring

Experts have suggested the Government, the Ministry of Industry and Trade, the Ministry of Finance and localities need to think more carefully about the plan to jointly restructure the NSRP to reduce the adverse impact of the plant’s production problems on the market.

Newly-established enterprises surge in January

In the first month of 2022, Việt Nam saw a surge in both the number of newly-established enterprises and registered capital compared to the same period last year, according to the General Statistics Office (GSO).

Viettel’s brand reached nearly US$9 billion

The brand value of Military Industry-Telecoms Group (Viettel) reached US$8.758 billion, moving up a total of 99 places to reach 227th position in the 2022 list of the world’s 500 most valuable brands.

Firms pulling out of land auction deals hurts market and consumers

Following Tân Hoàng Minh's scandal, another company has pulled out of a bid they won for Lot 3-9 at over VND1 billion per square metre in the new urban area Thủ Thiêm in HCM City. Bình Minh Investment and Commercial trading LLC won the bid in the same auction session Tân Hoàng Minh won Lot 3-12.

Vinatex’s net profit rises sharply last year

Vietnam National Textile and Garment Group (Vinatex)’s post-tax profit in the last quarter of 2021 was nearly VNĐ500 billion (US$22.03 million), tripling the figure recorded in the same period of the previous year.

Six new locally made cranes ordered for Đình Vũ Port

South Korean heavy industries manufacturer Doosan Việt Nam (Doosan Vina) will supply six Panamax Ship to Shore (STS) container cranes to the seaports of Gemadept Group for operation at Đình Vũ port in northern Hải Phòng City.

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