Earnings management and investor protection an international comparison

At the launch ceremony of the contest on plastic waste management applications in the tourism sector on September 28 (Photo: VNA) Hanoi (VNA) – A contest on plastic waste management applications in the tourism sector was launched on September 28, according to the Vietnam Tourism Association. The contest aims to raise awareness and provide plastic waste management tools for tourism businesses, state management agencies as well as residential communities; and offer solutions and initiatives to limit the impact of plastic waste on tourism activities. Organisations and Vietnam ese individuals living in the country are eligible to participate in the contest , with entries sent to the organising board before November 10. The organising board will present one first prize worth 40 million VND (1,640 USD), one second and several consolation prizes. Winning apps are to be announced at the Vietnam International Travel Mart (VITM) 2023 to be held in the Mekong Delta city of … [Read more...] about Plastic waste management app contest launched in tourism sector

The event was held by Hanoi Centre for Investment, Trade, and Tourism Promotion (HPA) in collaboration with the Hanoi Young Business Association. As many as 100 businesses showcased their products, services, and outstanding technologies during the event, seeking business and investment opportunities with both domestic and foreign companies. Le Tu Luc, deputy head of the HPA, said that the event was organised to introduce Hanoi's investment, trade and tourism promotion achievements, strengthening cooperation between international investors and businesses in Hanoi and the surrounding area. "The HPA's organisation of this event not only helps businesses in Hanoi and the neighbouring provinces introduce their products, but also enables domestic and international businesses to connect and cooperate," he emphasised. Over the past eight months, the city has attracted $2.34 billion worth of foreign investment, accounting for nearly 12.9 per cent of the country's … [Read more...] about Hanoi promotes trade and investment potential to investors

The index closed 1.7% points higher. It has dropped nearly 39 points this week. Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 12% to VND13.96 trillion ($575.20 million). The VN30 basket, comprising the 30 largest capped stocks, saw 10 tickers gained. VIC of private conglomerate Vingroup rose 4.1%, followed by BCM of Becamex Investment and Industrial Development with a 3.4% increase. VRE of retail real estate arm Vincom Retail rose 2.6% and VPB of private lender VPBank closed 2.4% higher. Fourteen blue chips fell. CTG of state-owned lender VietinBank lost 2.6% and SSI of leading brokerage SSI Securities Corporation dropped 1.5%. Foreign investors were net sellers to the tune of VND537 billion, mainly selling CTG and VCI of Viet Capital Securities. The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.79% while the UPCoM-Index for the Unlisted Public Companies Market gained 0.38%. … [Read more...] about VN-Index steadies after stormy week

Vietnam is home to over 300 green buildings, but that figure is much lower than the country's potential, according to a construction official at the Vietnam Green Building Week 2023. Themed 'Green Building Development Promotes Green Transformation in Construction Industry: Opportunities and Challenges,' the event was held by the Ministry of Construction in coordination with other units on Thursday in Ho Chi Minh City, Speaking at the event, Nguyen Tuong Van, Deputy Minister of Construction, said that state management agencies have encouraged businesses to develop green buildings on a voluntary basis and Vietnam has yet to introduce mandatory regulations on green building development. Currently, the country is home to about 300 green buildings with a combined floor space area of 7.2 million square meters. These green buildings include hotels, shopping malls, workshops, offices, and the headquarters of state agencies. Van revealed that Ho Chi Minh City took the lead in the … [Read more...] about Vietnam is lacking in green buildings: construction official

Photo Le Toan Just a week after Vietnam and the US elevated their bilateral relations to a comprehensive strategic partnership, Prime Minister Pham Minh Chinh paid a working trip to the US to attend the 78th session of the UN General Assembly where he underlined Vietnam’s contributions and commitments to the UN’s activities, and met with UN Secretary-General António Guterres. In the US, he also met with US Vice President Kamala Harris, leaders of the US Congress, the national security advisor, and several members of the US cabinet. He also visited the New York Stock Exchange where he knocked the gavel to open a trading session. He underlined the need for both nations to focus on materialising the new cooperation framework into specific strategies, projects, and business cooperation. Noting priorities to be implemented, the PM said both nations must continue to prioritise resources for realising commitments in the joint leaders’ statement on elevating US-Vietnam relations. … [Read more...] about More consideration lent to US investment

The factory with a total investment of more than 84 million USD is located in the Protrade International Industrial Park in An Tay commune, Ben Cat town. (Photo: VNA) Binh Duong (VNA) – The ILD Coffee Vietnam Ltd Company on September 29 inaugurated its freeze-dried instant coffee factory with an annual production capacity of 5,600 tonnes in the southern province of Binh Duong. It using modern extraction and freeze-drying technology is installed production equipment designed to minimise impacts on the environment. Binh Duong provincial People's Committee, affirmed the province will create favourable conditions and promptly resolve difficulties for investors in Binh Duong and ILD Coffee Vietnam in particular so that they can operate effectively. investment of nearly 1.3 trillion USD./. VNA … [Read more...] about Freeze-dried instant coffee factory inaugurated in Binh Duong

An example of a SkyX Solar collaboration with An Phat At a seminar from September 12 to 17, held by the World Sports Goods Industry Federation and the Vietnamese Delegation in Geneva, distinguished brands like Adidas and Decathlon spotlighted Vietnam's crucial role in sustainable manufacturing, praising its robust workforce and rapid assimilation of advanced technologies. Leveraging its National Strategy for Green Growth 2021-2030, Vietnam is making substantial strides towards its sustainable development goals, with an emphasis on evolving its textile and footwear industries by 2035 to align with a circular economic model. This commitment resonates deeply with international sustainability standards, enhancing Vietnam's influence in the sustainable supply chain sector. The role of green certificates – which are emblematic of sustainable and responsible production and the use of renewable energy – is becoming increasingly crucial in today’s market. These certificates are … [Read more...] about SkyX Solar steers sustainable shifts with green IZ and certification in Vietnam

Secretary of the VCG Party Committee Lieutenant General Bui Quoc Oai, who is also Political Commissar of the VCG, speaks at the event. (Photo: VNA) Hanoi (VNA) – The Vietnam Coast Guard (VCG) Party Committee has seriously and comprehensively implemented the Politburo’s resolutions regarding national border safeguarding and national defence in cyberspace, heard a meeting in Hanoi on September 29. The meeting reviewed the five-year implementation of the Politburo's Resolution No. 33-NQ/TW on national border protection strategy and Resolution No. 29-NQ/TW on the strategy on national defence in cyberspace . The committee has effectively carried out a project disseminating the Law on Vietnam Coast Guard in the 2019-2023 period, consolidated the all-people defence posture in border areas, and supported fishermen in 28 coastal cities and provinces. A view of the meeting of the VCG Party Committee. (Photo: VNA) The force detected, seized and handled 4,490 cases … [Read more...] about Vietnam Coast Guard contributes to national defence in cyberspace

The National Cybersecurity Association (NCA) is established on September 8 at its first congress for the 2023-2028 tenure in Hanoi. (Photo: VietnamPlus) Hanoi (VNA) – The establishment of the National Cybersecurity Association (NCA) is expected to contribute to turning Vietnam into a safe and cyber secure country. The Ministry of Home Affairs issued a decision on May 8, 2023, approving the establishment of the National Cybersecurity Association. Under the decision, the association is a socio-occupational organisation of Vietnamese citizens and organisations operating in cybersecurity, set up on a voluntary basis to protect the legitimate rights and interests of members and ensure cybersecurity in line with the Party and State’s orientations and strategies in the field, contributing to national defence and socio-economic development. The event saw the participation of nearly 200 delegates who are members of the NCA, including officials from agencies, business … [Read more...] about NCA aims to promote Vietnam as safe, cyber secure country

After being briefed on Ministry of National Defense’s task performance in September and orientations for October, General Phan Van Giang praised the high responsibility and determination of leaders, commanders, officers and soldiers in the whole military in task accomplishment in September. Particularly, the whole military has strictly maintained combat readiness posture; closely followed situations to pro-actively make recommendations to higher levels to address circumstances in a timely and effective manner; coordinated with other forces to ensure political security, social order and safety in localities throughout the country. Meanwhile, units and agencies in the whole military have strictly controlled illegal border crossings; prevented illegal, unreported and unregulated (IUU) fishing; effectively implemented natural disaster prevention and control, as well as search and rescue work; mobilized thousands of troops and militiamen and hundreds of vehicles to surmount the … [Read more...] about MND holds conference to review task performance in September