Domestic corporations

A Vietjet aircraft. The company’s revenue in 2022 hit VND32.5 trillion, while profit was limited, reaching only VND215 billion. — VNA/VNS Photo Vietjet Air saw an impressive recovery after the COVID-19 pandemic as it recorded a year-on-year rise of 175 per cent in net revenue to VND7.35 trillion (US$313.4 million), and earned profit of VND902 billion in the last quarter of 2022. The company’s revenue in 2022 hit VND32.5 trillion, while profit was limited, reaching only VND215 billion. It also contributed over VND4.3 trillion worth of direct and indirect taxes, fees and charges to the State budget. Last year, the carrier transported 20.5 million passengers aboard 116,000 flights, in which domestic transport increased by 20 per cent compared to 2019 before the COVID-19 pandemic broke out. Vietjet opened more than 20 new routes in 2022, mainly to the Indian market. As of December 31, 2022, Vietjet had operated a total of 103 routes. In 2023, Vietjet expects high revenue … [Read more...] about Vietjet reports over VND900 billion in profit in Q4/2022

AI4VN has been an annual programme organised by the Ministry of Science and Technology since 2018 (Photo: VietnnamPlus) Hanoi (VNA) - The 2022 Vietnam Artificial Intelligence Day (AI4VN), themed “AI – Recovering the economy , shaping the future”, began in Hanoi on September 23. The forum was expected to serve as a venue for participants to share stories, and propose solutions to contribute to creating motivation for developing the AI ecosystem in Vietnam. This was also a good chance for the community to understand more about the application perspective to see how AI technology has changed people's lives. At the event, Deputy Prime Minister Vu Duc Dam said AI4VN 2022 introduces artificial intelligence products from not only big and reputable enterprises but also small businesses, adding that this shows that technology will greatly change lives now and in the future. He stressed that Vietnam needs to make more efforts in the process of applying artificial intelligence … [Read more...] about 2022 Vietnam Artificial Intelligence Day opens in Hanoi

NESCAFE Plan has contributed to improving farmers’ income and enhanced the role and status of women. Nestle has been recognised in the 2023 Bloomberg Gender-Equality Index for its efforts to promote gender equality in the company and its value chain. — Photo courtesy of Nestle With its efforts to promote gender equality in the workplace and its value chain, Nestle has been recognised in the 2023 Bloomberg Gender-Equality Index (GEI) for the fifth consecutive year. The GEI measures gender equality in over 70 metrics across five pillars - leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, anti-sexual harassment policies, and gender equality outside the company). The company scored 78.5 per cent, above the average index score of 73 per cent. "We are pleased our efforts to advance gender balance in our workforce and empower women across our value chain have been recognised once again. We strongly believe that taking action to ensure women's equal … [Read more...] about Nestlé recognised in Bloomberg Gender-Equality Index for fifth consecutive year

Speaking at the award ceremony, Chairman of the National Assembly Vuong Dinh Hue congratulated the winning journalists for having many high-quality works on Party building. He emphasized that the 7th National Press Awards on Party Building with the name of the Bua Liem Vang Awards in 2022 displayed the explorations, discoveries, and creative work of professional and non-professional journalists across the country. The awards’ organizing panel received positive response and active participation from various press agencies, journalists' associations, journalists, and correspondents at home and abroad as well as from people of all ages, all walks of life, diverse professions and educational levels. N.A. Chairman Vuong Dinh Hue highly appreciated the efforts of the steering committee and the organizing panel of the National Press Award on Party building, who carried out their tasks in a serious, scientific, professional, and effective manner. He also valued the initiative and … [Read more...] about Winners of 7th National Press Awards on Party Building honored

Great chances for Vietnam to switch to Web 3.0 (Source: netweb.vn) Hanoi (VNA) – As more information technology businesses invest resources into Web 3.0, coupled with the large number of users and coders, Vietnam sees great opportunities in the blockchain market in the Southeast Asian region, say experts. Web 3.0 was born from the natural evolution of older generation Web tools combined with advanced technologies such as artificial intelligence (AI), blockchain, and the connection between users and the Internet. In other words, Web 3.0 is an upgrade to its predecessors: Web 1.0 and 2.0. In recent years, foreign investors have flocked to Vietnam and established investment funds specialising in blockchain. Capital inflows into non-fungible token (NFT) assets also skyrocketed from 37 million USD to 4.8 billion USD in 2021, Finder reported. Experts explained that Vietnam has about 5.9 million people, or 6.1% of the population, who have exposure to blockchain-enabled … [Read more...] about Great chance for Vietnam navigate to Web 3.0: Experts

VinAI Research Founding Director & CEO Bui Hai Hung presents flowers to speakers, and partners accompanying AI Day 2022 (Photo: VNA). Hanoi (VNA) – Artificial Intelligence (AI) Day 2022 officially opened in Hanoi on August 26, attended by both leading Vietnamese and foreign AI experts. The two-day event is organised by VinAI Research - the tech arm of Vingroup, the biggest conglomerate of Vietnam, with the support of the Ministry of Science and Technology, and the National Innovation Centre. It brings together leading researchers, policymakers and practitioners from all over the world to exchange on how AI is transforming societies, economies, and the environment. Under the theme of ‘Empower the Future’, AI Day 2022 features three tracks: AI for Global Equality, AI for Sustainable Development, and AI for Safety. Specifically, during the discussion on AI and Sustainable Development, speakers analyse the social and environmental impacts of designing, developing and … [Read more...] about AI Day 2022 kicked off, seeking ways to develop AI industry in Vietnam

Headquarters of the State Bank of Viet Nam (SBV). After the Fed’s decision to raise its benchmark interest rate by only 25 basis points last week, analysts forecast the SBV may adopt a wait-and-see approach until the end of the first quarter of this year before making the next interest rate hike. — Photo sbv.gov.vn The State Bank of Viet Nam (SBV) might not increase its policy interest rate in the first quarter of 2023 after the US Federal Reserve (Fed) raised its rate by only 25 basis points last week while the Vietnamese dong has strengthened against the US dollar, analysts forecast. According to analysts from financial data provider FiinGroup, the dong has strengthened by about 5 per cent against the dollar since the beginning of December 2022 as the Fed has slowed rate hikes and China has reopened. After the Fed’s decision last week, the analysts forecast the SBV may adopt a wait-and-see approach until the end of the first quarter of this year before making the next … [Read more...] about Central bank forecast to keep policy interest rate unchanged in Q1 2023

Khang, a durian trader in the southern city of Can Tho, said that he has not been able to buy enough quantity to sell to domestic buyers, as farmers are only willing to sell at high prices. "In Can Tho, one kilogram costs VND150,000 but there is little supply," said Khang. "This price level is uncommonly high." Hanh, a trader in Tien Giang who sells to Chinese buyers, said that she has been busy going to farms and paying high rates. She says she is even willing to pay commissions to those who introduce her to new farms. Local farmers say that durian prices in southern Tien Giang province range from VND120,000 to VND190,000, a triple increase year-on-year. Traders sell to Chinese buyers at even higher prices, from VND170,000 to VND290,000. They say that demand from China has surged several times from previous years. Traders need to gather hundreds of tons each day to deliver to China but supply can only meet 30% to 50% of their needs. Linh in Tien Giang can buy only around … [Read more...] about Durian prices surge as demand from China jumps

Thuy is a third-year Ph.D student at Rutgers University where she is studying applied mathematics. Last October, she submitted her resume to Google in the hope of landing a research internship in the field of science and technology. However, that plan is currently on hold due to the recent layoffs in the sector. "I feel like I’m in limbo," she said. Thuy is disappointed because she put in a lot of work preparing for interviews with companies she had applied to, which have recently put these jobs on hold again due to the current job cuts. The Vietnamese student revealed that she had applied to be an intern at Amazon, but in November 2022, she received a notice saying that the interview had been postponed. And then she surprisingly heard nothing more about her application. It was also disconcerting for Huy Anh, a third-year computer science student at Texas A&M University, to see the social media app Snap Inc let go of 20% of its staff, including his mentor, during the final … [Read more...] about US big tech mass layoffs leave Vietnamese international students in limbo