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08/04/2021 14:30 GMT+7
Aquatic product exports hit $1.64 bln in Q1
The export of key aquatic products posted strong rises in many markets in the first quarter of 2021, increasing Vietnam’s aquatic export turnover by 3 percent to 1.64 billion USD.
Of note, shrimp and tra fish exports rose 10 percent and 11 percent in March to 270 million USD and 137 million USD, respectively.
Vietnam earned 646 million USD from exporting shrimp in the first quarter, up nearly 3 percent year-on-year, while the export value of tra fish totalled 336 million USD, a rise of just 0.6 percent.
The giddy rise of Vietnam’s steel billionaire
By Minh Son, Ha Thu January 20, 2021 | 11:50 am GMT+7
Tran Dinh Long, founder and chairman Hoa Phat Group. Photo courtesy of Hoa Phat.
Tran Dinh Long, dubbed the “king of steel,” had no experience in the steel industry when he decided to enter it anyway in the mid-90s. All I had at the time was passion and a lack of fear, Long, founder and chairman of Vietnam’s biggest steelmaker, Hoa Phat Group, said in a recent interview with
Bloomberg.
The company was in the beginning distributing machinery and equipment and furniture, but it was steel that ultimately took it to dizzy heights. Hoa Phat had a 32 percent share of Vietnam’s steel market as of August 2020, making it the biggest player in the industry, according to the Vietnam Steel Association.
VN-Index on fifth straight gaining streak
By Hung Le January 7, 2021 | 04:25 pm GMT+7 Last month’s PMI showed Vietnam’s economic sector had shown improvement thrice in the past four months, the report said. A reading above 50 indicates economic expansion, while one below 50 points indicates contraction.
The VN-Index surged 1.16 percent to 1,156.49 points Thursday, with blue chips outperforming the general market.
The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, was a sea of green with 302 tickers gaining and 142 losing. Total trading volume abated slightly over the previous session, to VND17 trillion ($734.32 million).
While the benchmark index had climbed 58.95 points, or 5.37 percent in the past five sessions, official macro reports show Vietnam’s economic outlook has been improving.