Hoa Sen Group

Update news Hoa Sen Group

Rice ATM helps Vietnam’s poor survive COVID-19 pandemic

For the past month, a “rice ATM” has been automatically dispensing free rice 24/7 to people badly affected by the COVID-19 pandemic.

Vietnam steel industry to face challenges in second half of 2019

In the second half of this year, increasing competition in product quality, prices and market share are predicted to force steel companies to work harder to maintain their foothold in the market.

Influential businessmen leave commercial world for quiet life

VietNamNet Bridge - The most unexpected news of the 2019 shareholders’ meeting season was the ‘power transfer’ of some well-known businessmen who announced their retirement.

Steel industry development strategy seen as problematic

VietNamNet Bridge - Experts have voiced their concern about the development strategy of the Ministry of Industry and Trade (MOIT) for the steel industry, saying that it would have negative  consequences, both economic and environmental.

High risk of bankruptcy exists for iron & steel manufacturers

VietNamnet Bridge - Iron & steel manufacturers can anticipate a tough year 2016, when low-cost products, especially from China, will flow to Vietnam.

Shareholders’ meeting season starts, businesses pocket big money

VietNamNet Bridge - Managers of large conglomerates are believed to pocket hundreds of billions of dong worth of dividends this year. Many of them have been leading simple lives and doing big business.

Some seaports overloaded, others left idle

VietNamNet Bridge - Seaports in Vietnam have not been exploited in a reasonable way: some of them are overloaded, while many others have been unused.

Will Hoa Sen invest in the Guang Lian project?

VietNamNet Bridge - Guang Lian could be an ‘unlucky’ project in the eyes of other investors as it has changed many hands, but Hoa Sen still sees big benefits if it takes over the project.

BUSINESS IN BRIEF 21/1

Game developers establish federation; Globaltrans Air seeks to operate aviation services; January CPI seen edging down; HCM City exports topped $30b last year; Steel giant reports 27% revenue growth;