The factory of the Nguyen Tin Steel SJC in Thuan Dao Industrial Park of Long An rs gold 2007 province (Photo: VNA) Hanoi (VNS/VNA) Second quarter earnings of steelmaking companies showed signs of deterioration as prices of iron ore continued to increase, leading to higher production costs and lower profit. Hoa Phat Group (HPG), the biggest listing steelmaker, reported revenue of 15.3 trillion VND (656.7 million USD) in the second quarter, up 6 percent year on year, but its profit after tax declined 7 percent in the reviewed period, reaching 2.05 trillion VND. Ending June, the company revenue increased 10.3 percent on year to more than 30 trillion VND, but its net profit dropped 12.8 percent to 3.86 trillion VND. Hoa Sen Group (HSG) reported its net revenues slumped by 30 percent to 7.2 trillion VND (309 million USD) in the third quarter for the fiscal year 2018 2019 (April 1 June) but its net profit rose 94 percent year on year to 161 billion VND. It said it managed to cut [Read more.] about Steel companies post poor profits in second quarter
Meltzer reaches similar conclusions in his history of the Federal Reserve. Chairmen of the Federal Reserve, including Bernanke and Greenspan, echoed these sentiments in their writings and speeches in recent decades. American Monetary Policy, Harper and Row, The Gold Standard and the Great Depression, Oxford University Press, Friedman, Milton and Anna Schwartz. A Monetary History of the United States.

Chairwoman of the Vietnam Bond Market Association Nguyen Thi Kim Oanh (Photo: VNA) Hanoi (VNA) In recent years, the Government bond market has become an important capital mobilisation channel for Vietnam. However, the scale of the country bond market is modest compared to national economic scale and to other regional countries. Nguyen Thi Kim Oanh, chairwoman of the Vietnam Bond Market Association (VBMA), speaks to Vietnam News Agency about proposals to make the Government bond market more attractive. According to a report of the Hanoi Stock Exchange (HNX), Government bond mobilisation dropped sharply last year in terms of value against 2017. What were the main reasons for this? The total value of Government bonds issued last year stood at 196.8 trillion VND (8.46 billion USD), a year on year reduction of 19.35 percent. The main cause of reduction in value of Government bond mobilisation came from slow disbursement of public investment. According to the Ministry of [Read more.] about Vietnam needs a better Government bond market.


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