Companies follow Government lead, set cautious growth targets | # AsiaNewsNetwork - News Summed Up

Companies follow Government lead, set cautious growth targets | # AsiaNewsNetwork


Đức Giang Chemicals and Detergent Powder Joint Stock Company (DGC) has set an after-tax profit target of VNĐ9.7 trillion ($421.74 million), 20 per cent lower than its 2018 figure. The Phước Hòa Rubber Joint Stock Company (PHR) has set a pre-tax profit target of VNĐ1.246 trillion, which a company spokesman admitted was modest since profit growth has always been around 30 per cent a year. FDI in Việt Nam decreased by 15.5 percent last year, signalling it would drop further in the coming years, he said. HRC, a subsidiary of the Việt Nam Rubber Group, has seen a relentless downswing in its business over the last seven years. For instance, Đồng Phú has 9,340ha, the Tân Biên Rubber Joint Stock Company has 6,175ha and the Bà Rịa Rubber Joint Stock Company has 8,507ha.


Source: Viet Nam News April 09, 2019 06:56 UTC



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