Losses on shares

The 10th World Water Forum will take place from May 18 to May 24, 2024 with the theme "Water for Shared Prosperity". (Photo: worldwaterforum.org) Jakarta (VNA) – Indonesia’s Government on February 5 announced a plan to organise the opening ceremony of the 10th World Water Forum that will take place on February 15-16, 2023 at the Jakarta Convention Center (JCC). Minister of Public Works and Housing (PUPR) Basuki Hadimuljono said that the opening ceremony of the forum will be the first meeting of stakeholders in water resource management. It will be followed by many other meetings and discussions. The 10th World Water Forum will take place from May 18 to May 24, 2024 with the theme "Water for Shared Prosperity". It is hoped that World Water Forum will become a place for stakeholders from various countries to share experiences and innovations in responding to challenges in global water management. Coordinating Minister for Maritime and Investment Affairs Luhut Binsar … [Read more...] about Indonesia to host World Water Forum

Nguyen Hoang Trung, CEO of one of only two delivery startups in Vietnam, told VnExpress that Loship suffers "very little" loss. Last year its revenues increased by 500% thanks to business optimization with 250,000 locations and more than five million customers. It expects to turn profitable this year. Losing money is the norm in the food delivery and ride-hailing industry. As of 2021, Grab Vietnam had chalked up cumulative losses of VND4.365 trillion (US$186 million). Gojek is also VND4 trillion in the red. Both incur huge selling expenses running ino trillions of dong. Nguyen Hoang Trung, CEO of Loship. Photo by VnExpress/Quynh Nhu This year the industry faces pressure from rising fuel prices. Trung said all other apps are also affected by Regarding the increase in gasoline price, this but "honestly not too much". When the Russia-Ukraine war took place, it was a nightmare in the beginning. But so far, the gas price has not changed too much and it’s … [Read more...] about Vietnamese delivery app on the brink of turning profitable

The company said that 103 shareholders showed up at at the meeting on Sunday but that they held only a combined 32.15% stake. FLC is set to call another extraordinary meeting on March 5. Regulations allow it to conduct this meeting if shareholders owning 33% of voting shares are present. The extraordinary meeting was called to approve the dismissal of Deputy Chairman Dang Tat Thang, who was among the founders of the company. The FLC board of directors now has only four people, and the company wants to increase this number to six. The company has run into structural and financial difficulties since its key leaders, including former chairman Trinh Van Quyet, were arrested in March last year for stock manipulation. … [Read more...] about FLC fails to achieve quorum in extraordinary meeting

Dr. Pham Nguyen Anh Huy - Founder, RMIT FinTech-Crypto Hub Many crypto projects, especially GameFi, move-to-earn, the metaverse, and Web3, were launched in such an environment which helped boost national innovation and drive the digital economy. However, the lack of a regulatory framework has led to several issues, such as the lack of investor protection if they get scammed; the difficulty of tracing crypto-related fraudulent and criminal activities such as money laundering; a volatile business environment; and the inability of the tax authority to collect taxes from crypto-related activities. Eventually, these issues may dampen market confidence and make Vietnam less attractive, especially when the hype is over. Given the get-rich-quick mindset of most Vietnamese crypto investors coupled with the lack of a regulatory framework, it is not surprising that Vietnam is one of the most active crypto trading hubs in the world, ranking second in peer-to-peer exchange trade volume … [Read more...] about Regulatory framework needed to boost Vietnam’s crypto scene

Illustrative image (Source: vneconomy.vn) Singapore (VNA) – The upcoming visit to Singapore by Prime Minister Pham Minh Chinh is expected to open up important orientations for the bilateral ties, especially in digital technology and green transition, an expert has said. PM Chinh, his spouse, and a high-ranking delegation of Vietnam will pay an official visit to Singapore from February 8 to 10. In an interview granted to the Vietnam News Agency, Associate Professor Vu Minh Khuong from the Lee Kuan Yew School of Public Policy said the visit holds great significance. It takes place in the context of the two countries getting out of the COVID-19 pandemic with the hope for stronger growth, he explained, noting that their cooperation opportunities abound. The world is experiencing complex changes, and this prompts the two countries to conduct more regular and in-depth exchanges to reach common perceptions in order to sail through the challenges and tighten their … [Read more...] about PM Chinh’s Singapore visit to pave way for digital technology, green transition cooperation: expert

Images showing the e-wallet market by share of active users by Robocash Group. (Photo courtesy of Robocash Group) HCM City (VNS/VNA) - The modern e-wallet market in Vietnam is surging and is expected to reach 50 million active users by July 2024, experts said. In a report, Robocash Group said: “the modern e-wallet market in Vietnam is booming with 90% of the market falling on three wallets: Momo, Moca and ZaloPay.” The country is seeing tough competition, given that there are 40 electronic wallets in operation, the report said. Robocash Group estimates that by July 2024, the e-wallet market will have 50 million active users, 100 million by May 2026, and 150 million by July 2030. In addition to the already mentioned wallets, there are three other major competitors including ShopeePay (AirPay), ViettelPay and VNPT Pay. The top six already account for 99% of the market. According to a Decision Lab study, at the end of 2021, 56% of the Vietnamese population … [Read more...] about E-wallet market in Vietnam estimated to reach 50 million users by 2024

Indonesia is courting Tesla Inc to invest in the country, which has become a key player in the electric vehicle industrythanks to its rich nickel reserves. In just three years, Indonesia has signed more than a dozen deals worth more than $15 billion for battery materials and electric vehicle production with global manufacturers including Hyundai, LG and Foxconn. Here are some of the major investment deals involving nickel in Indonesia: Jan. 2020: Indonesia bans exports of unprocessed nickel to attract investment in downstream processing. Dec. 2020: BASF and Eramet sign a joint agreement to assess the development of a nickel and cobalt hydrometallurgical refining complex which include a High-Pressure Acid Leaching (HPAL) plant and a Base Metal Refinery (BMR), that will produce EV battery materials. A final investment decision may be made in 2023. Dec. 2020: Indonesia's investment ministry signs an MOU with LG Energy Solution on integrated EV battery investment with total … [Read more...] about Investments in Indonesia’s nickel industry

A man looks at stock indices on a computer screen (Photo: VNA) Hanoi (VNS/VNA) - Brokerage revenue fell at most securities companies amid the general market contraction as the total trading size of the whole market shrank. Statistics from HoSE showed that 10 securities companies with the largest brokerage value on HoSE in the fourth quarter of 2022 include VPS Securities JSC (VPS), SSI Securities Inc (SSI), VNDirect Securities Co (VNDirect), Mirae Asset Securities (MAS), Ho Chi Minh City Securities Corporation (HSC), Vietcombank Securities Co (VCSC), MB Securities Co (MBS), Techcombank Securities Co (TCBS), KIS Vietnam Securities Corporation (KIS), and Viet Dragon Securities Co (VDSC). VPS Securities JSC (VPS) continued to maintain the No 1 position in terms of stock brokerage market share with 14.81% in the last quarter of 2022. That was the 8th consecutive quarter VPS reached the No 1 market share position on the HCM Stock Exchange ( HoSE ), although this figure … [Read more...] about Brokerage revenue falls at most securities companies amid market contraction

Vietnam plans to welcome one million Korean arrivals this year. Jeju Air, South Korea’s biggest low-cost carrier, will resume services on the routes from Incheon to Hanoi and Ho Chi Minh City from April 20, after three years of suspension due to Covid-19, according to Yonhap. South Korean and Vietnamese enterprises attend the 2022 Vietnam Tourism - Culture F estival in Seoul last October. Photo: Toquoc Until late 2019, the budget carrier operated eight routes to five cities, including Danang, Hanoi, Ho Chi Minh City, Nha Trang, and Phu Quoc. Last June, the company restored the connection from Incheon to Danang and Nha Trang, and from Busan to Danang. Jeju Air aims to turn around this year after posting net losses for three consecutive years through 2021 as eased virus restrictions unleash pent-up travel demand. Vietnam expected to receive one million Korean arrivals this year, hoping to make a breakthrough in tourism cooperation in the near future, … [Read more...] about Jeju Air to resume service to Vietnam from April 20

Tsai uploaded the video on Instagram, which shows her dancing to "See Tinh" with friends, in early May, and it was shared widely on social media and forums. Many of her fans downloaded the video as they love her dancing. Tsai's fanpage manager credits "See Tinh" in the caption for the video: "Jolin Tsai’s first show in the new year is a dance to Hoang Thuy Linh’s viral song on Douyin." Douyin is the Chinese version of TikTok. Tsai, 43, is the most successful singer in Taiwan. Dubbed the "Queen of C-Pop", she is considered one of the most influential artists in Chinese pop culture. She's also credited as a key figure in mainstream dance-pop music in China. The "See Tinh" fever is continuing to spread on Douyin and other video platforms in China. For its virality, the Chinese media called it a "superhit." Videos of people using and dancing to this tune have exceeded four billion views. Many people said they feel like this song is everywhere recently. The fans love "See Tinh" for … [Read more...] about Taiwanese pop star dances to Vietnamese viral hit