Government praises businesses for cost savings

Deputy Prime Minister Vu Van Ninh on Monday sent a dispatch praising some ministries and state-owned economic groups and corporations for well implementing the Prime Minister’s instruction on management cost saving and cost price reduction in 2013.

Vietnam Airlines is one of the companies that were praised for cost savings by the Government.

The commended Ministries include Finance, Industry and Trade, National Defense, Transport and Construction.

The mobile network operator Viettel Group, the Vietnam National Oil and Gas Group, the Vietnam National Chemical Group, the national flag carrier Vietnam Airlines, the Vietnam Cement Industry Corporation, and the State Capital Investment Corporation were praised for their achievements in the program.

Deputy Prime Minister Ninh instructed the groups and corporations to take the initiative in building annual production and trading plans and cost saving measures from now on. They will have to report their results by year-end.

By Phan Thao – Translated by Hai Mien

Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.