Ifrs 9 expected credit losses trade receivables

A screenshot of the Clay Matthematics Institute announcing its new research fellows Paul Minter (L) and Pham Tuan Huy. Pham Tuan Huy was awarded the Clay Research Fellowship along with Paul Minter, the Clay Mathematics Institute announced Friday. Huy would become a Clay Research Fellow for five years starting July 1, the institute said on its website. Those awarded with the fellowship would be provided with salary and research expenses. Huy has become the second Vietnamese to be honored by the institute. Vietnamese-French mathematician Ngo Bao Chau and Gérard Laumon received the 2004 Clay Research Award for their proof of the Fundamental Lemma for unitary groups. Huy, born 1996, will receive his PhD from Stanford University this year. He has published 28 articles on numerous journals on mathematics. He was an alumnus from the VNU-HCM High School for the Gifted, and won gold medals twice at the International Mathematical Olympiad in 2013 and 2014. The Clay Mathematics … [Read more...] about Vietnamese mathematician receives Clay research fellowship

South Korea was the largest petroleum supplier of Vietnam, with 3.22 million tons, up 96% year on year. Vietnam imported nearly 8.9 million tons of oil and petroleum products in 2022 worth $9 billion, nearly double that of the previous year, according to the General Department of Vietnam Customs (GDVC). Locals buying petrol products at a gas station in Hanoi. File photo In December 2022, the country imported nearly 950,000 tons of oil and petrol products worth $823 million, up 22% in quantity and 11% in value against November. Diesel made up a lion’s share of the imported volume with 4.74 million tons, accounting for 54% of the country's imported petroleum in 2022. In 2022, the country consumed 1.7 million tons of gasoline, 2.3 times more than in 2021; and 1.46 million tons of jet fuel, representing 2.2 times on-year, and 16% of imported oil. South Korea was the largest petroleum supplier of Vietnam, with 3.22 million tons, up more than 96% year on year; … [Read more...] about Vietnam spends US$9 billion on oil imports in 2022

The tree planting festival was among the traditional activities during the first days of the Lunar New Year. Secretary of the Hanoi Party Committee Dinh Tien Dung today [January 28] attended the 2023 New Year tree planting festival at Dinh Cong Thuong, a relic complex in Hoang Mai District. Up to now, the majority of goldsmiths in Hanoi are from Dinh Cong Thuong, one of the three villages that founded Hang Bac (silver) Street (once known for jewelry trading). Dinh Cong Thuong shrine was built in the 17 th century to honor two generals Hoang Cong (son of the 17 th Hung King) and Doan Thuong, while the Dinh Cong Thuong temple worships the three local founders of the jewelry handicraft and remains an attractive tourist destination. The Party chief and the ward's representatives plant a tree. Photos: Thanh Hai/The Hanoi Times The Hanoi Party chief Dinh Tien Dung and city's officials at the relic complex. The relics are … [Read more...] about Hanoi Party chief attends tree planting festival

Specifically, Hoi An in the Central province of Quang Nam occupied the second place on the list as part of the annual Travelers' Choice Best of the Best Awards, following Cuba, while the southern metropolis secured 11th place. The category reveals destinations with the greatest year-over-year growth in interest on Tripadvisor based on travelers' reviews over a 12-month period between November 1 and October 31. "Hoi An on the central Vietnamese coast is a well-preserved example of the important Southeast Asian trading port it was from the 15th-19th centuries," Tripadvisor commented. "Already a common stop for backpackers, it is becoming better known to tourists." Meanwhile, Vietnam's bustling largest metropolis of Ho Chi Minh sets the cultural and economic pace for the country, Tripadvisor said, adding the former Saigon boasts charming French colonial architecture and wide boulevards. The U.S.-based travel site advised tourists to visit the War Remnants Museum at 28 Vo Van Tan … [Read more...] about Hoi An, Ho Chi Minh City among world’s top 25 trending destinations in 2023: TripAdvisor

Commerce Minister of Thailand Jurin Laksanawisit made the statement following a meeting in Brussels with the E.U. Trade Commissioner Valdis Dombrovskis. Dombrovskis wrote on Twitter that both sides want a comprehensive, high-quality agreement, with ambitious and sustainable provisions. The E.U. is now Thailand's fifth largest trade partner, behind ASEAN, China, the U.S. and Japan. Two-way trade hit 41 billion USD last year, of which, Thailand’s exports to the E.U. totaled 22.8 billion USD, mostly computers, equipment and spare parts; gemstones and jewelries, air conditioners and components, rubber products and electronic circuit boards. Thailand currently has 14 FTAs with 18 countries, including the Regional Comprehensive Economic Partnership (RCEP) that came into effect early last year. On December 15, 2022, the two sides signed the Thailand-E.U. Partnership and Cooperation Agreement (PCA) to promote bilateral cooperation. Source: VNA … [Read more...] about Thailand, E.U. to resume FTA talks in March

According to the results of a recent salary survey conducted by Navigos, nearly 27% of respondents said salaries of middle- and senior-level employees will rise by from 5% to less than 10%, more than 23% said salaries will remain unchanged, more than 15% said salaries will increase by less than 5%, and nearly 12% said they will rise by 10% to 15%. Global Salary Survey 2023 conducted by Robert Walters in 31 countries, including Vietnam, said 88% of companies are willing to increase salaries by 15-25% this year. For employees in some sectors like the digital industry, salary hikes could be as high as 35% during the year. According to Navigos, many businesses are still in the post-pandemic recovery phase, and so have not been able to sharply increase salaries for their employees. However, over 50% of the surveyed firms said they will improve policies on salary, bonuses, allowances, and other benefits such as flexible working hours, educational opportunities, promotions, and … [Read more...] about Salaries of mid- and senior-level employees to rise by 5-25%