State-owned paper producer surpasses yearly revenue target
The Vietnam Paper Corporation (Vinapaco) earned nearly 2.6 trillion VND (111.8 million USD) in revenue in 2018, exceeding the yearly target by 19 percent and recording an annual increase of 15 percent.
Phu Tho (VNA) – TheVietnam Paper Corporation (Vinapaco) earned nearly 2.6 trillion VND (111.8million USD) in revenue in 2018, exceeding the yearly target by 19 percent andrecording an annual increase of 15 percent.
The figures were released at aconference to review the company’s performance last year and set out tasks for2019, which took place in the northern province of Phu Tho on January 22.
Accordingly, in 2018, Vinapaco’spaper output surpassed 120,000 tonnes, of which over 113,000 tonnes wereconsumed. It exploited 160,000 cubic metres of timber and planted new forestsspanning more than 2,300 hectares.
The company’s contribution to theState budget and profit reached 131 billion VND (5.63 million USD) and 70billion VND (3.01 million USD), respectively.
Speaking at the conference, Chairmanof the Vinapaco Members’ Council Hoang Quoc Lam said that in 2019, Vinapacowill focus on restructuring its apparatus, finances, development investment,and production; while carrying out a price assessment to sell its Phuong Namwood pulp mill in the Mekong Delta province of Long An.
The corporation also plans torestructure its southern paper material single-member limited liability companyand build a 135-billion-VND (5.8 million USD) wood pellet manufacturing plantin the Central Highlands province of Kon Tum, he unveiled.
This year, it expects to reel in over 2.6trillion VND, contribute 121 billion VND (5.2 million USD) to the State budget,exploit more than 130,000 cubic metres of timber, and plant close to 2,000hectares of forests.–VNA
The Vietnam Paper Corporation (Vinapaco) on October 26 was awarded with the Forest Stewardship Council (FSC) certificate as a recognition for its sustainable forest management.
The Vietnam Paper Corporation (Vinapaco) targeted earnings of more than 6.6 trillion VND (314 million USD) this year, a year-on-year increase of 25 percent, the corporation announced.
Seven State-owned enterprises (SOEs) out of the 44 that had their restructuring plans approved have re-organised their management structure to boost efficiency, according to the Ministry of Finance's statistics.
The Government has asked the Ministry of Industry and Trade to take prompt action on five ineffective investment projects, to ensure maximum protection of the State’s capital and assets.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Illustrative photo (Source: VNA) 
