At the event (Photo: thuonghieucongluan.com.vn)

They include Samsung Electronics Thai Nguyen Limited Company, Viettel Military Industry and Telecoms Group, Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), and Vietnam Oil and Gas Group (PetroVietnam).

The remaining enterprises are Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), Vietnam Technological and Commercial Joint Stock Bank (Techcombank), Hoa Phat Group, Vietnam Electricity (EVN), Vingroup, and Vietnam Dairy Products Joint Stock Company (Vinamilk), reported the Vietnam News Agency.

According to General Director of the Vietnam Report JSC Vu Dang Vinh, PROFIT500 recognises business representatives, who demonstrate superiority in financial and communication strength, growth potential, sustainable development, management quality, and position in the market.

Among 339 listed firms ranked in the PROFIT500, 53.1 percent still maintained their profit growth during 2019 – 2020 and in the first six months of 2021, while 24.4 percent began recovering and regained the momentum of profit growth in the first half.

Vietnam Post is one of Top 50 profitable businesses in 2021 (Photo: VNA)

Given the fourth COVID-19 outbreak with complicated developments, profits are not enough, he said, adding that the condition requires sustainable profits based on inner strength, market flexibility, technology application, and rearrangement of supply chains, among other factors. 

The Vietnam Report also released its bilingual report ‘Vietnam Earnings Insight 2021’ on profit trends according to economic sectors in 2021 – 2022.

Vietnam’s rubber exports to India in nine months enjoy sharp upswing

Vietnam was India’s fourth largest supplier of rubber during the past three quarters of the year, behind only Indonesia, the Republic of Korea, and Malaysia, according to figures released by the Ministry of Industry and Trade’s Agency of Foreign Trade.

Throughout the reviewed period, the country shipped a total of 69,140 tonnes of rubber to the South Asian country, raking in US$32 million in the process, up 46.5% and 92.1%, respectively, in comparison to the same period from last year, said the Voice of Vietnam.

Rubber originating from the Vietnamese market accounted for around 8% of Indian imports, an increase of 7.7% one year ago, as shown by data collected by India’s Ministry of Commerce and Industry.

Photo for illustration (Source: vneconomy.vn)

When it comes to natural rubber, the nation was second among exporters to the Indian market, making up 19% of the market share, compared to 17.3% recorded in the same period last year.

Between January and September the country exported approximately 67,870 tonnes of natural rubber to the Indian market for over US$129.2 million, up 44.8% in volume and 89.6% in value.

With regard to synthetic rubber, the Vietnamese market share in India stood at 0.3%.

Vietjet signs 150-million-USD deal with Swiss MRO service provider Vietjet and SR Technics, a world leading maintenance, repair and overhaul (MRO) service provider, inked a Memorandum of Understanding (MoU) worth 150 million USD involving the provision of MRO services on Vietjet’s CFM56-5B engine fleet, installed on their Airbus A320 and A321 aircraft.

The signing ceremonies in Bern, Switzerland, were witnessed by Vietnamese President Nguyen Xuan Phuc, President of the Swiss Confederation Guy Parmelin, high-ranking officials and business representatives of both countries during the Vietnamese leader’s official visit to Switzerland, said the Vietnam News Agency.

Under the MoU, the work on the engines will be carried out at SR Technics' world-renowned facilities at Zurich Airport in Switzerland and in Vietnam. The MoU also includes providing engine maintenance, technical and training services, component requirements and repair, and setting up a new Aviation training center, as a joint venture between Vietjet and SR Technics.

Vietjet and Swiss Aviation Software (Swiss-AS), the world’s leading provider of aviation maintenance solutions based in Switzerland, also signed a strategic cooperation agreement to further extend Vietjet’s adoption of Swiss-AS’s maintenance and engineering solution AMOS to support Vietjet’s fleet.

Representatives of Vietjet and SR Technics exchanged the signed MoU under the witness of Vietnam President Nguyen Xuan Phuc (sitting, left) and Swiss President Guy Parmelin (sitting, right). (Photo: Vietjet)

The two parties will extend their cooperation to cover various scopes, strengthening the existing long-term strategic partnership over the next ten years. Swiss-AS and its relevant subsidiaries will provide Vietjet the added platform of AMOS mobile/EXEC for aircraft technical management on mobile devices, thus allowing full automation and digitalisation for Vietjet’s engineers.

In addition, Vietjet will use the system with more capacity and update other AMOS modules to better serve in-house management including automation of planning, aircraft scheduling and budget management, etc. Swiss-AS will also provide the AMOS “train the trainer” program for Vietjet with notable frequency and scale in the coming time.

Speaking at the MoU signing ceremony, SR Technics' CEO Jean-Marc Lenz said: “We are very proud that Vietjet is committing to a long-term partnership with SR Technics. This confirms their confidence in SR Technics’ ability and expertise to provide best-in-class MRO services including engine maintenance and technical and training support in line with the highest benchmarks in the industry in terms of safety and quality. Therefore, entrusting us to deliver top-quality performance on their engines, proves how strong the foundation of our future collaboration is. I look forward to visiting the new Aviation training center which will be built in Ho Chi Minh City in collaboration with our renowned Vietnamese partner.”

Fabiano Faccoli, Chief Operating Officer of Swiss-AS, said: “It has been an honour for Swiss-AS to support Vietjet in its impressive growth over the last decade. Swiss-AS is looking forward to further strengthening the excellent partnership and, through its AMOS product suite and services, be instrumental in digitalizing Vietjet’s Technical Operation. Swiss-AS shares Vietjet’s customer-focused strategy and is keen to support Vietjet to further improve productivity and quality through innovation, technology and creativity.”

Meanwhile, Vietjet Managing Director Dinh Viet Phuong said: “The signed agreements between Vietjet and our strategic partners today pave the way for further development, especially in the process of transferring and adopting aviation technologies and setting up aviation academy to positively contribute to the development of Vietnam’s aviation industry. We cherish the cooperation, which has been nourished by a long-standing relationship between Vietnam and Switzerland and especially on the occasion of the Vietnamese President’s official visit to Switzerland.”

Representatives of Vietjet and Swiss Aviation Software exchanged the signed strategic cooperation agreement. (Photo: Vietjet)

Vietjet has a comprehensive flight network in Vietnam and across Asia Pacific. Weathering through the pandemic, the airline has resumed its domestic flight network and operated a series of international flights from and to Vietnam while looking to further expand operation across continents in the near future. Vietjet operates a new, modern, and fuel-efficient fleet with technical reliability rate among top operators in the region and the world. Vietjet’s growth is associated with the development and integration of Vietnam’s aviation industry and highlighted through global-scale partnerships with technical and aviation technology companies such as Switzerland-based SR Technics and Swiss-AS.

Known as a new-age carrier, Vietjet has not only revolutionised the aviation industry in Vietnam but also been a pioneering airline across the region and around the world. With a focus on cost management ability, effective operations, and performance, the carrier offers flying opportunities with cost-saving and flexible fares as well as diversified services to meet customers’ demands.

Vietjet is a fully-fledged member of International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. As Vietnam’s largest private carrier, the airline was awarded the highest ranking for safety with 7 stars in 2018 and 2019 by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in 2018 and 2019. The airline has also been named as Best Low-Cost Carrier by renowned organizations such as Skytrax, CAPA, Airline Ratings, and many others./.

BTA