Hoa Phat Group, a major industrial group in Vietnam, announced that it exported 30,800 tonnes of steel to the US, Australia and Asian countries in February.
Hoa Phat Dung Quat Steel JSC of Hoa Phat Group is coordinating with Italy’s Danieli – one of the world’s largest suppliers of metallurgical equipment to consider a project on stainless steel (inox) production.
Hoa Phat Group (HPG) said it hopes to earn more than VND100 trillion (US$4.4 billion) in revenue by 2020, the year the Hoa Phat Dung Quat iron and steel production complex is expected to become fully operational.
A new wave of private agricultural investments has surged in the country, helping to super-charge the capital-poor agricultural sector.
VOV.VN - The Chairman of FLC Group Trinh Van Quyet became the richest man working the stock market in 2017 at the end of trading on December 29.
Amid complaints about foreign firms receiving more government incentives unfairly and overshadowing domestic peers, experts claim that all Vietnamese policies are equal for domestic and foreign enterprises.
Having smaller charter capital and not being as well-known as big companies like Hoa Phat and The Gioi Di Dong, smaller companies still can make fat profits and become ‘kings’ in their business fields.
Hoa Phat Poultry Company Limited has imported the first batch of Hy-Line Brown chicken breed, the world’s most balanced brown egg layer, from the UK-based Hy-Line International.
Steelmaker Hoa Phat Group plans to increase its charter capital to VND15.2 trillion (US$675.6 million) this year, double the current level of VND8.42 trillion
The Hoa Phat Group on February 6 received an investment license for the construction of the Hoa Phat Dung Quat iron and steel production complex in the central province of Quang Ngai.
The agriculture sector, especially hi-tech agriculture, has recently caught the attention of domestic giant firms such as Vingroup, Hoa Phat and Hoang Anh Gia Lai, creating a new wave of investment.
Vietnamese steel producer Hoa Phat Group has officially proposed Quang Ngai province’s Dung Quat Economic Zone Authority (DEZA) to resume the construction of the Guang Lian Dung Quat steel project, which had its investment certificate revoked in early September.
Though they followed methodical production methods, many Vietnamese tycoons, who have succeeded in their core business fields, have harvested bitter fruit in the agricultural industry.
The local mining industry saw a decline in production growth in the first seven months of this year, which is likely to extend to the end of the year, said the General Statistics Office (GSO).
VOV.VN - The Hoa Phat Agricultural Development Joint Stock Company has announced that is has received a shipment from Denmark of 500 young pigs 10-18 weeks old, weighing 40-60 kg each, that will be used for breeding stock purposes.
Hoa Phat Group (HPG) has decided to invest about VND4 trillion (US$180 million) in building a plated steel sheet plant in the Pho Noi A Industrial Park, the northern province of Hung Yen.
The Ministry of Industry and Trade (MoIT) has recently issued Decision No 862/QD-BCT on applying temporary safeguard measures against steel ingots and long steel products imported into Vietnam.
(VOV) - Vietnam imported more than 1.25 million tons of steel last December, bringing the total imports volume in 2015 to more than 15 million tons which was valued at US$7.3 billion, according to latest statistics from the General Department of Vietnam Customs.
High-profile banker Nguyen Duc Kien, former Vice Chairman of the Asia Commercial Bank (ACB) Founding Council still faced a sentence of 30-year imprisonment as declared by the Hanoi Court of Appeals on December 15.