Ipo filings

Priorities for Hanoi in 2023 include the execution of major transport projects, carrying out a decentralization scheme within the state apparatus, and allocating funds for investment in culture, health and education. In 2022, Hanoi met all 22 socio-economic targets, including a real GDP growth rate of 8.89%, highlighting the great efforts of the local government, businesses and citizens to overcome challenges and drive sustainable development. Hanoi from above. File photo After a challenging period caused by the Covid-19 pandemic, the government adopted the approach of flexible and safe adaptation to the pandemic, finally laying the foundations for socio-economic recovery. Vietnam’s GDP growth in 2022 reached 8%, exceeding the target of 6-6.5% set by the National Assembly, and remained the highest in the region. Meanwhile, the country’s trade turnover surpassed the US$ 700 billion mark for the first time, and actual FDI disbursement was at a five-year high … [Read more...] about Hanoi maintains growth momentum for development

Wolfoo studio. — Photo courtesy of the firm In the case of the copyright dispute between two animators of Wolfoo and Peppa Pig in the Russian Federation, the Moscow City Court recently issued a decision to order Entertainment One UK Limited (eOne or EO – Peppa Pig’s owner) to compensate Sconnect Vietnam (Wolfoo’s owner) RUB240,000 (US$3,541). The judge of the Moscow City Court (Russian Federation) issued a ruling to partially accept Sconnect Vietnam’s request for the collection of legal fees in civil case No 3-473/2022. Specifically, the Court will collect from the plaintiff EO and return to defendant Sconnect an amount that they had to pay to participate in the event filed by EO with the Moscow Court in January 2022. This copyright dispute case between EO and Sconnect took place in November 2021, when EO repeatedly copyrighted Wolfoo videos on YouTube. On January 11, 2022, EO filed a lawsuit against Sconnect at the Moscow Court (Russian Federation) alleging the Wolfoo … [Read more...] about Vietnamese animation studio compensated in copyright dispute in Russia

Ho Chi Minh City Public Lighting Joint Stock Company (SAPULICO or CHS) operates in the field of management and maintenance of public lighting systems, traffic lights, construction of public works, and other construction systems. — Photo chieusang.com.vn There are now many enterprises on UPCOM with small charter capital but a great amount of land funds. With low business performance and low stock market price, the businesses can become the targets of other big companies. With a charter capital of only VND145 billion (US$6.18 million), Ha Noi Food Joint Stock Company (HAF) holds many real estate assets located in the capital’s central areas, including 11 commercial centres, supermarkets and convenience stores; as well as eight hotels, restaurants, and food service establishments. Some prominent land areas include 736sq.m at 51 Le Dai Hanh Street; 164.5sq.m at 46 Luong Ngoc Quyen; 347.6sq.m at 7 Dinh Liet; and 200sq.m at 30 Hang Dao. HAF also has other real estate facilities … [Read more...] about Weak finance-backed companies possess large land funds

The first wind farm on a continental shelf in Southeast Asia is situated in Vietnam’s Mekong Delta province of Bac Lieu. The 500ha Bac Lieu wind power plant is located in Bien Dong A Hamlet, Vinh Trach Dong Commune, Bac Lieu City. Wind turbines at Bac Lieu Wind Farm in Vinh Trach Dong Commune, Bac Lieu City, Bac Lieu Province, Vietnam. Photo: Tan Luc / Tuoi Tre The venue is home to 62 turbines placed on the sea, with each turbine being about 80m in height and each blade being 42m in length. A close-up of a wind turbine at Bac Lieu Wind Farm in Vinh Trach Dong Commune, Bac Lieu City, Bac Lieu Province, Vietnam. Photo: Tan Luc / Tuoi Tre Wind turbines at Bac Lieu Wind Farm in Vinh Trach Dong Commune, Bac Lieu City, Bac Lieu Province, Vietnam. Photo: Tan Luc / Tuoi Tre It has also become one of the attractions for visitors to the southern province of Bac Lieu. Although it is about 20 kilometers from the center of Bac Lieu City, … [Read more...] about Did you know Vietnam is home to Southeast Asia’s first wind farm on continental shelf?

My work is not stable and I consider that a disadvantage. When we got married, we did not do reproductive healthcare checks though I suggested that we do this. My wife is the same age as me. Our parents' houses are only 2 kilometers apart. We lived with my parents when we first got married. However, in the last eight months, she has stayed in her parents' house. After a conflict, she called her parents and asked to stay there. In the past, she did mention leaving my parents' house, but I thought it was not okay since it did not make economic sense, and partly because my family dynamics are complicated. I am the only child in the family, with a brother from the same father and a different mother. My parents are over 75 years old and they don't get along very well, partly due to my father's personality. My wife lived with my family but she didn't fulfill her daughter-in-law's obligations. We don't eat together with my parents. She always gets food from her parent's house, claiming … [Read more...] about My wife wants to stay in her parent’s house as I am not financially stable

The Paris Peace Accords signing ceremony at the centre for international conferences in Paris, France, on January 27, 1973 (File photo: VNA) Hanoi (VNA) – A symposium was held in Hanoi on January 16 to highlight the historical significance and lessons of the Paris agreement on ending the war and restoring peace in Vietnam, 50 years since the signing of the accords on January 27, 1973. The event was organised by the Party Central Committee’s Commission for Information and Education , the Ministry of Foreign Affairs, the Ho Chi Minh National Academy of Politics, and the Ministry of National Defence. In his introductory remarks, Prof. and Dr Nguyen Xuan Thang, Politburo member, Chairman of the Central Theoretical Council and Director of the Ho Chi Minh National Academy of Politics , said that the Paris Peace Accords, signed on January 27, 1973, marked a turning point in the Vietnamese people’s resistance war against the US, creating favourable conditions for Vietnam’s … [Read more...] about Symposium talks significance, lessons of Paris Peace Accords

Last year, a similar cut caused the state to miss out on VND3.5 trillion (US$150 million) in revenues. The Ministry of Finance (MoF) has proposed the Government extend a 30% of reduction in land leases for companies, commercial households, and individuals in 2023. Locals pay taxes at an administrative agency in Hanoi. File photo The measure is part of the Ministry of Finance's proposal on tax breaks for companies this year, subject to the Prime Minister's approval. According to the finance ministry, such tax reliefs are necessary amid a challenging economic environment and businesses have found it hard to access banks’ loans, especially those in fields of real estate, agriculture, or mining. The ministry, therefore, proposed the extension of land rental fee reduction by 30% for businesses in 2023. Last year, a similar cut resulted in the state foregoing a revenue of VND3.5 trillion (US$150 million) but provided much-needed assistance to businesses and … [Read more...] about Vietnam proposed 30% cut in land lease in 2023

The decision was made at an extraordinary meeting of the committee on Tuesday. A statement released after the meeting said Phuc was a key leader of the Communist Party and the State. He was trusted and assigned to many important positions by the committee and the Politburo. As the prime minister during the 2016-2021 period, Phuc led and operated efforts in the fight against the Covid-19 pandemic which gained important results. However, as the leader, he was responsible for letting several officials, including two deputy prime ministers and three ministers, commit violations that caused severe consequences. Two deputy prime minister have stepped down from their positions, while two ministers and several other officals are facing criminal charges. "As he was well aware of his responsibilities to the Party and the people, Phuc filed a request to resign from his positions and retire," the statement said. Vietnam's Constitution 2013 stipulates that the president is the head of … [Read more...] about Vietnam Party agrees for president Nguyen Xuan Phuc to step down

The assembly meeting will come after an extraordinary meeting by the Communist Party's Central Committee on Tuesday saw President Nguyen Xuan Phuc stepping down from his positions as president, member of the Politburo and the Central Party Committee, and chairman of the Council for National Defense and Security of the 2021-2026 term upon his own request. As the prime minister during the 2016-2021 period, Phuc made many efforts in leading, directing and administering the Covid-19 fight to achieve important results, a statement from the committee's meeting said. However, as the leader, he was responsible for letting several officials, including two deputy prime ministers and three ministers, commit violations that caused severe consequences. Two deputy prime minister have stepped down from their positions, while two ministers and several other officals are facing criminal charges. "As he was well aware of his responsibilities to the Party and the people, Phuc filed a request to … [Read more...] about National Assembly to hold extraordinary session Wednesday on personnel matter

Ho Tuong Vy - Lawyer, Ho Chi Minh City Bar Association As a general rule, an employer is entitled to terminate a labour contract unilaterally with an employee in specific circumstances. A legal basis was, inter alia, incorporated into the Labour Code which came into effect in 2021, permitting an employer to unilaterally terminate the labour contract if an employee arbitrarily leaves or gives up his/her job without justifiable reason for a period of at least five consecutive working days. The justifiable reason in question, pursuant to Article 125.4 of the Labour Code, includes a natural disaster, fire, illness of the employee or his/her relatives as certified by a competent medical establishment, or other circumstances prescribed in the internal labour rules. Diving into the appeal verdict, we figure out the views of the court in terms of lawful evidence provided by an employee if the labour contract is unilaterally terminated under Article 36.1.e of the Labour Code. Briefly … [Read more...] about Adhering to the law in termination of labour contracts in Vietnam