2004 to 2023 how many years

The International Friendship Exchange – Spring 2023 held in Lao Cai. (Photo: VNA) Lao Cai (VNA) – The Vietnam Union of Friendship Organisations (VUFO), in collaboration with Lao Cai province, held the International Friendship Exchange – Spring 2023 in the northern mountainous province on March 26-27. The event attracted the participation of 150 delegates from foreign embassies, and international organisations, and foreign non-governmental organisations (NGOs) in Vietnam. This is an annual activity held by VUFO to create a chance for international friends to visit historical and cultural relic sites and landscapes, and exchange with local authorities and people to learn more about the land, people and culture of Vietnam as well as cooperation opportunities with its localities. Within the framework of this year’s event, delegates climbed up to the top of Mount Fansipan, the highest peak in Indochina. VUFO President Ambassador Nguyen Phuong Nga, said that the union … [Read more...] about International Friendship Exchange – Spring 2023 held in Lao Cai

Its revenues were VND1.579 trillion ($67.15 million) and earnings before interest, taxes, depreciation, and amortization (EBITDA) were VND195 billion, the highest gross profit margin in the industry, according to Masan’s newly published annual report. Highland Coffee had revenues of over VND2 trillion a year in 2019 and 2020. Phuc Long opened 23 large flagship stores and two mini shops in the last quarter of 2022, increasing their total numbers to 111 and 21. They represented a near doubling of numbers from 2021 when Masan first bought stakes in Phuc Long. The flagship stores achieved very high profit margins of 31% in 2022 and 26% in 2021. Last year they reported sales of VND1.1 trillion and profits of VND330 billion. But Phuc Long had to close 150 tea and coffee kiosks located inside WinMart retail stores, also belonging to Masan, in the second half of 2022, the annual report said. "We are adjusting this model (opening tea and coffee kiosks in WinMart stores) in the first … [Read more...] about How tea chain Phuc Long fared in the year after Masan takeover

FPT Retail is the owner of consumer electronics chain stores FPT Shop and pharmacy chain Long Chau, while Mobile World is the owner of consumer electronics chain stores The Gioi Di Dong (Mobile World) and Dien May Xanh, as well as drugstore chain An Khang, and food and consumer goods chain stores Bach Hoa Xanh. Drugstores of Pharmacity (left) and FPT Retail's Long Chau located next to each others in HCMC's Binh Thanh District. Photo by VnExpress/Quynh Tran According to documents prepared for its coming annual meeting in mid-April, FPT Retail plans to make pre-tax profits of VND240 billion (US$10.17 million) in 2023, down from VND485 billion in 2022, and VND554 billion in 2021. The main reason behind FPT Retail’s low expectations is difficulties at FPT Shop, the company’s retail chain. Last year FPT Shop contributed nearly 70% of FPT Retail’s VND30 trillion in total revenues. With both financing costs and inflation still rising, FPT Retail management has assumed … [Read more...] about Top electronics retailers Mobile World and FPT Retail facing a rough year

It is now nearly impossible to buy a new apartment at the VND 2 billion mark. According to a report in 2022 from Rever, a Southeast Asia technology firm in real estate brokerage, for VND1.5-1.8 billion, one can buy a 30-55 square meter apartment built 6-10 years ago in Thu Duc City, on the secondary market. The average income of workers in Ho Chi Minh City (HCMC) this year is about VND148 million a year, according to property listing platform Batdongsan.com.vn. By that calculation, it will take up to 24 years to save, with no spending on anything, just to buy an apartment. The type of apartment used in this survey costs VND3.5 billion per unit. The data also shows that Vietnam ranks first in Southeast Asia in terms of the gap between house prices and average worker incomes. From 2018 to 2021, the ratio of the difference between real estate prices and the average income of Vietnamese has continuously increased, surpassing even Singapore. On the other hand, Indonesia, Malaysia and … [Read more...] about A laborer needs to save for 25 years to buy an apartment

Illustrative image (Photo: VNA) Ninh Thuan (VNA) – The south central province of Ninh Thuan will hold a grape and wine festival from June 13-18 to highlight the local products and culture. The opening ceremony is slated for June 16 evening. On the occasion, the locality will also hold a ceremony receiving UNESCO’s certificate recognising the pottery making art of Cham ethnic people as an Intangible Cultural Heritage in Need of Urgent Safeguarding. A tourist tastes wine in a grape orchard. (Photo: VNA) Activities during the festival are designed in response to the 2023 National Tourism Year themed “Binh Thuan – Green Convergence”. Grapes were introduced to Ninh Thuan province in the 1960s. With its hot and dry climate and sandy soil, Ninh Thuan has favourable conditions for grape cultivation, making it a unique agricultural product of the region. Ninh Thuan grapes have been certified for geographical indication by the National Office of Intellectual Property. … [Read more...] about Ninh Thuan grape and wine festival 2023 to be held in June

The Vietnamese rice industry is set to benefit from the high demand and prices this year, with lower input costs leading to expanded profit margins for rice businesses. A rice field in Vi Thuy district in the Mekong Delta province of Hau Giang. Vietnam will benefit from the upward trend in rice prices due to limited supply. (Photo: VNA) According to an expert from Vietnam Securities Company Limited Bank for Foreign Trade (VCBS), the country's rice industry enjoys favourable factors, such as weather and geographical advantage. The prolonged drought in China has caused a decrease in the country's output for the 2021-2022 crop, leading to an anticipated six million tonne increase in rice imports for the 2022-23 crop. Meanwhile, inventories in the Philippines have declined due to typhoons and high fertiliser costs, leading to increased rice imports. The cultivated area in India has also dropped due to drought, making the decrease in supply - the main factor for … [Read more...] about 2023 set to be favourable for Vietnamese rice enterprises

Police in Vietnam managed to rescue a 15-year-old girl from a labor trafficking ring on Monday after she was sold for forced labor at pubs and karaoke parlors by an acquaintance on social networks. The victim, identified as N.T.A., was induced to travel from Dong Thap Province in the Mekong Delta region to Binh Duong Province, just outside Ho Chi Minh City, to take a job with a monthly salary of VND10-15 million (US$425-638). However, she was sold to a woman in the Central Highlands province of Dak Lak at the price of VND25 million ($1,063) to work as a karaoke parlor attendant. The victim, a resident of Tan Hong District in Dong Thap, made friends with Liem on social media in February and was introduced to a job with a monthly wage of VND10-20 million ($425-850). After A. agreed to Liem’s proposal, she was transported to Binh Duong and was picked up by a stranger. She was then transported to Dak Lak and was sold to a woman called Hoa for VND25 million. After her arrival … [Read more...] about 15-year-old girl rescued from human traffickers in Vietnam’s Central Highlands

Accordingly, 35 Vietnamese contestants, divided into 18 groups all competing in the Leanbot category, brought home the championship title, one first, one second, eight third and six consolation prizes. Notably, the championship went to Binh Thuy Primary School in the Mekong Delta city of Can Tho. The STEM Robotics toolkit Leanbot was introduced in this year’s competition for the first time after it was developed by a team of experts and engineers of DTT Vietnam Technology Joint Stock Company. Themed “Second Earth,” this year’s event drew the participation of 258 contestants from primary and secondary schools in Malaysia, Thailand, the Philippines, and Vietnam. The Malaysian team won the title at the Lego EV3 category, while the championship in the VEX IQ category came to the Philippine team. Robothon, a thematic challenge competition platform for students to explore real-world issues of today, with creative solutions, was first held 17 years ago. This year, it was resumed after … [Read more...] about Vietnam wins 17 prizes at International Robothon 2023

The event attracted the participation of 150 delegates from foreign embassies, and international organizations, and foreign non-governmental organizations (NGOs) in Vietnam. This is an annual activity held by VUFO to create a chance for international friends to visit historical and cultural relic sites and landscapes, and exchange with local authorities and people to learn more about the land, people and culture of Vietnam as well as cooperation opportunities with its localities. Within the framework of this year’s event, delegates climbed up to the top of Mount Fansipan, the highest peak in Indochina. VUFO President Ambassador Nguyen Phuong Nga, said that the union has been providing support for around 400 foreign NGOs which are operating in Vietnam to carry out programs and projects for humanitarian and development purposes, with the aid budget disbursed in recent years reaching 220-280 million USD per year. In Lao Cai, there are currently 34 organizations which are … [Read more...] about International Friendship Exchange – Spring 2023 held in Lao Cai

Vietnam’s U23 football team in a training session. (Photo: VNA) Hanoi (VNA) – Vietnam’s U23 football team will meet Kyrgyzstan’s team at the third round of Doha Cup 2023 - a friendly tournament serving as a warm-up ahead of the 32nd SEA Games to be held in Cambodia. Vietnam’s last match at the ongoing tournament will be held at Al Gharafa Stadium at 0.30 am March 29 (Vietnam time). According to the coaching board of the Vietnamese team, competing with strong opponents at the Doha Cup 2023 brings a lot of benefits to the preparation of U23 Vietnam for the SEA Games and others in the future. “In terms of results, U23 Vietnam lost. But as I shared, when participating in the 2023 U23 Doha Cup in Qatar, U23 Vietnam’s aim is the step-by-step progress of its players. And with what happened in the match against U23 UAE, I can say satisfied,” U23 Vietnam coach Philippe Troussier said. “For me, U23 Vietnam is gradually improving." A 4-0 loss to the UAE in their second game … [Read more...] about Vietnam’s U23 football team to meet U23 Kyrgyzstan in Doha Cup 2023’s third round