In a remarkable turn for a company that has long touted its job creation, Amazon will have eliminated 27,000 positions in recent months, or 9% of its roughly 300,000-strong corporate workforce. The latest cuts focus on Amazon's highly-profitable cloud and advertising divisions, once seen as untouchable until economic concerns led business customers to scrutinize their spending. The layoffs will affect Amazon's streaming unit Twitch as well. Dan Clancy, who was named as CEO of Twitch last week, said the platform will lay off more than 400 employees. Amazon aims to finalize whom it will terminate in the new round of job cuts by April. The company's stock fell 1.8%. The decision follows a near-endless drumbeat of layoff news in the technology sector that has seen some of the world's most valuable corporations, among them Microsoft Corp and Alphabet Inc, sever ties with staggering numbers of employees they once courted in droves. "I don't think this means much for … [Read more...] about Amazon deepens tech-sector gloom with another 9,000 layoffs
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Vietnamese teen earns perfect SAT score
Hoang Vuong Lam Bach, an 11th grader at Hanoi-Amsterdam High School for the Gifted, took the exam on March 11 and got the result Friday - 800 for Math and 800 for Evidence-Based Reading and Writing. Bach is one of a few examinees worldwide to get a perfect SAT score. According to the College Board, an American nonprofit organization that administers the SATs (Scholastic Assessment Test), only 8% of Asian examiners scored 1400 and above last year, while those scoring 1480 and above were among the 1% top scorers in the world. "I could not believe it," Bach said after receiving his scores. "I was very scared in the exam room because it was my first time taking the SAT," he said. Bach said he prepared for the test from December last year. He once scored 1590 in a mock test but was not confident with the real test as it was computer-based and had some differences compared to his paper-based lessons. The test duration was 134 minutes instead of 180 minutes and the question … [Read more...] about Vietnamese teen earns perfect SAT score
Sa Huynh Civilisation relic site in Quang Ngai earns special national status
Tran Hoang Tuan, Standing Vice Chairman of the provincial People's Committee, speaks at the event. (Photo: VNA) Quang Ngai (VNA) – The Sa Huynh Civilisation relic site in Duc Pho township of the central province of Quang Ngai has earned a special national status as recognised by the Prime Minister recently. The provincial People’s Committee held a ceremony on March 24 to receive the special national relic site certificate. Tran Hoang Tuan, Standing Vice Chairman of the People’s Committee, said that in 1909, French archaeologist M.Vinet discovered antiquities of the Sa Huynh Civilisation. These ancient artifacts first appeared about 3,000 years ago and ended in the first century AD. Through different excavations, archaeologists continually found traces of a civilisation, including about 500 burial jars containing many accompaniments, across the coastal central, southeastern, and Central Highlands regions. Among those localities, Quang Ngai is considered the cradle … [Read more...] about Sa Huynh Civilisation relic site in Quang Ngai earns special national status
Vietnam-RoK cooperation should continue to focus on economy: NA official
Participants at the talks (Photo: VNA) Seoul (VNA) – Economic cooperation should continue to be the focus of bilateral ties between Vietnam and the Republic of Korea, National Assembly (NA) Vice Chairman Nguyen Duc Hai said at his talks with Deputy Assembly Speaker of the RoK Chung Woo-taik in Seoul on March 20. Hai, who is making an official visit to the RoK, noted that the political trust between the two countries has been continuously strengthened, and they have maintained a regular exchange of delegations at all levels. The most recent visit to Vietnam by Speaker of the National Assembly (NA) of the RoK Kim Jin-pyo in January opened practical and effective activities between the two nations in 2023, he stressed. The NA Vice Chairman said the two sides need to work closely to effectively implement the Vietnam - Korea Free Trade Agreement (VKFTA) and the Regional Comprehensive Economic Partnership (RCEP) agreement. The goal is to lift two-way trade to 100 … [Read more...] about Vietnam-RoK cooperation should continue to focus on economy: NA official
Innovation-centered approach boosts Hanoi’s performance in socio-economic growth
Hanoi's goal for 2023 is to secure the city's socio-economic performance and further develop a cultured, modern, and civilized society. Hanoi aims to constantly improve the leadership of the Party Committee and the sense of responsibility of government officials and Party members, especially the heads of government agencies, to fulfill all the socio-economic growth tasks set for 2023. Dinh Tien Dung, Member of the Politburo and Secretary of the Hanoi Party Committee, talks to Nhan Dan (People) newspaper about the plans and actions the city expects to carry out on the occasion of the 93rd anniversary of the founding of the Hanoi Party Committee. Dinh Tien Dung, Member of the Politburo and Secretary of the Hanoi Party Committee. Photo: The Hanoi Times As head of the Hanoi Party Committee, could you share some of Hanoi's achievements in the first half of 2020-2025? Hanoi has endured many international impacts in the past two and a half … [Read more...] about Innovation-centered approach boosts Hanoi’s performance in socio-economic growth
Biggest-ever US business delegation comes to Vietnam to seek investment opportunities
A mission, including 52 businesses from the U.S., is scheduled to visit Vietnam this week to learn about the local market and seek business and investment opportunities. This is the largest-ever U.S. business mission to Vietnam. Ted Osius, president and CEO of the U.S.-ASEAN Business Council (USABC), told Tuoi Tre (Youth) newspaper on Monday that these U.S. firms will meet with the Vietnamese prime minister, National Assembly chairman, and ministers. Amazon is among the U.S. enterprises coming to Vietnam this week. Photo: Reuters Learning about Vietnam’s digital, green transformation potential According to Osius, USABC members stressed at a meeting with Vietnamese Prime Minister Pham Minh Chinh during his visit to the U.S. on the occasion of the ASEAN-U.S. Special Summit in May 2022 that they considered Vietnam a strategic market in the region and were committed to making investments in Vietnam and cooperating with Vietnamese partners for a long term. … [Read more...] about Biggest-ever US business delegation comes to Vietnam to seek investment opportunities
Vietnam wants to strengthen multifaceted cooperation with Poland: PM
Prime Minister Pham Minh Chinh (R) and Polish Minister of Foreign Affairs Zbigniew Rau at their meeting in Hanoi on March 16. (Photo: VNA) Hanoi (VNA) – Vietnam always treasures and wants to strengthen its multifaceted cooperation with Poland, a traditional friend and partner in Central Eastern Europe, Prime Minister Pham Minh Chinh said while receiving Polish Minister of Foreign Affairs Zbigniew Rau in Hanoi on March 16. The PM thanked the Government and people of Poland for their donation of nearly 1.4 million doses of COVID-19 vaccine and 8 tonnes of medical equipment to help Vietnam overcome the pandemic and boost economic recovery, stressed that the move reflected sincere affection and deep attachment between the people of the two countries. For his part, Rau said he is impressed with Vietnam’s socio-economic development achievements and stated that Poland wants to fortify its collaboration with the nation, the most important partner of Poland in Southeast Asia. … [Read more...] about Vietnam wants to strengthen multifaceted cooperation with Poland: PM
SpaceX, Netflix, Boeing to join ‘biggest-ever’ US business mission to Vietnam
SpaceX, Netflix and Boeing are among the companies joining the "biggest-ever" U.S. business mission to Vietnam next week to discuss investment and sales opportunities in the booming Southeast Asian nation, the organizer said. More than 50 companies, including defence, pharmaceutical and tech firms, will participate in the mission organized by the US-ASEAN Business Council, an industry body, according to a list seen by Reuters. The delegation is a sign of rising interest in the global manufacturing hub, which is benefiting from a shift away from China amid Sino-U.S. trade friction. Vietnam, with a population of 100 million people, also has a rapidly-growing consumer market as its middle class expands. "This is the biggest-ever mission in Vietnam," said Vu Tu Thanh, the US-ASEAN Business Council's representative in the country, noting that the body had been organising these events for three decades. Streaming giant Netflix, which Reuters last month reported was planning to … [Read more...] about SpaceX, Netflix, Boeing to join ‘biggest-ever’ US business mission to Vietnam
ASEAN tourism ministers approve MICE professional standards
The approval of ASEAN Mutual Recognition Arrangement on Tourism Professionals (ASEAN MRA on TP) for MICE Professionals and Event Professionals was made during the 26th Meeting of ASEAN Tourism Ministerial in Yogyakarta, Indonesia. The professional standards of these two categories become effective in all member countries. President of Thailand Convention & Exhibition Bureau (TCEB) Chiruit Isarangkun Na Ayuthaya stated that ASEAN member countries have always jointly prioritized professional development. Since 2012, the ASEAN MRA on TP has been developed as the collective operational plan for ASEAN countries, applicable in two fields - Hotel Services and Travel Services. Later in 2021, the ASEAN Tourism Ministers agreed upon the amendments of such arrangement by including two more categories - MICE Professionals and Event Professionals - as a means to upgrade and expand the cooperation in the facilitation for the mobility of ASEAN professionals in tourism and MICE industries. … [Read more...] about ASEAN tourism ministers approve MICE professional standards
De Heus and Bel Ga fulfill commitments to sustainability with solar rooftop portfolio
Could you shed some light on the latest partnership between De Heus, Bel Ga, and Green Roof? On March 2, De Heus, Bel Ga and Green Roof signed an MoU to establish a partnership and cooperation to develop a 20 MWp solar rooftop portfolio. This solar rooftop portfolio is the largest of its kind in 2023 in the country. It will cover all feed mills and swine GGP farms of De Heus, and the Bel Ga poultry parent stock farms and hatcheries. In total, more than 30 locations will be covered across 19 provinces in Vietnam. Vietnam has made a pledge to achieve net-zero by 2050. How will this partnership help? The mentioned solar rooftop portfolio is projected to generate more than 28 million kWh of clean energy and prevent more than 22,500 tons of carbon emissions each year. This is comparable to the annual CO2 absorption capacity of 1 million mature trees, or offsetting the emission of 5,000 cars per year. We expect our partnership will strongly inspire and motivate more … [Read more...] about De Heus and Bel Ga fulfill commitments to sustainability with solar rooftop portfolio