Workers at Phuong Nam Garment Trading Import Export Joint Stocks Company in Ho Chi Minh City. (Photo: VNA) HCM City (VNA) – Ho Chi Minh City ’s Index of Industrial Production (IIP) in January reduced by 21.4% compared to the previous month, according to the city’s Department of Industry and Trade. This year’s week-long Lunar New Year (Tet) Festival that falls in January was blamed for the decreased production as the production time in the month was less than the previous month’s. Some industries in the city also saw lower production indexes, for example, the processing and manufacturing industry down 22%, electricity generation and distribution down 12.8%, water supply and waste treatment down 8.4%. Besides, all 30/30 secondary industries decreased compared to the previous month and 15 out of the 30 industries dropped by over 20%. To meet people’s demand in the city in January 2023, especially during the Tet celebrations, the city's industry and trade sector … [Read more...] about HCM City’s industrial production falls over 21% in January
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NA Chairman attends ceremony marking 60 years since Uncle Ho’s visit to Vinh Phuc
National Assembly Chairman Vuong Dinh Hue speaks at the ceremony. (Photo: VNA) Vinh Phuc (VNA) – National Assembly Chairman Vuong Dinh Hue on February 3 attended a ceremony in Vinh Yen city to celebrate the 93rd founding anniversary of the Communist Party of Vietnam (February 3, 1930 - 2023) and 60 years since President Ho Chi Minh’s visit to the northern province of Vinh Phuc (March 2, 1963). Speaking at the event, Secretary of the provincial Party Committee and Chairwoman of the provincial People’s Council Hoang Thi Thuy Lan said that during his visit to the province on March 2, 1963, President Ho Chi Minh asked for efforts to turn Vinh Phuc into one of the richest and most prosperous provinces in the northern region. Over the past six decades, Vinh Phuc has developed from an agriculture-based to an industrial province – an automobile and motorbike manufacturing centre of the country, and a locality leading in the cause of industrialisation and modernisation. In … [Read more...] about NA Chairman attends ceremony marking 60 years since Uncle Ho’s visit to Vinh Phuc
☕ Afternoon briefing on February 3
Hanoi, (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency. -The Presidential Office on February 3 announced the Acting President’s order to promulgate the Law on Medical Examination and Treatment that was adopted by the 15th National Assembly at its second extraordinary session. The revised law aims to deal with shortcomings and emerging problems in medical examination and treatment activities in a bid to develop and improve the quality of medical services towards fairness, high efficiency, development and international integration, while strengthening State management over these activities. Read full text -A delegation of the Communist Party of Vietnam (CPV) Central Committee, the Presidency, the National Assembly, the Government and the Vietnam Fatherland Front (VFF) Central Committee on February 3 paid floral tribute to President Ho Chi Minh at his mausoleum in Hanoi on the occasion of the 93rd founding anniversary of the CPV … [Read more...] about ☕ Afternoon briefing on February 3
Vietnam Airlines risks stock delisting
The Ho Chi Minh City Stock Exchange (HoSE) on Thursday warned that Vietnam Airlines (HVN) could be delisted if an audit proves the company has logged an operating loss for three consecutive years. In its warning, the HoSE cited the firm’s consolidated financial statement for the last quarter of 2022 in which Vietnam Airlines posted an accumulated loss of nearly VND34.2 trillion (US$1.46 billion) in 2022. The carrier also reported that its equity was negative VND10.2 trillion ($435.4 million) last year. According to the Law on Securities, the stock of a public company must be delisted if it suffers annual operating losses for three consecutive years, if its accumulated losses exceed its charter capital, or if its equity is negative. As such, if Vietnam Airlines' audited consolidated financial statement for 2022 shows a loss, it will be the firm’s third consecutive year of operational losses and its ticker will be delisted, the HoSE warned. On June 1, 2022, the HoSE issued a … [Read more...] about Vietnam Airlines risks stock delisting