Net profit definition

The 12th National Party Congress determined: “Promoting the development of the defense and security industry for both military and civilian purposes; increasing resources, creating modern material and technical foundations for the development of the People's Army and the People's Public Security Forces, meeting the requirements of protecting the Fatherland in the new situation.” While inheriting that point of view, the political draft report at the 13th National Party Congress also gives new points: “Building and developing a modern dual-use defense and security industry, both satisfying the requirements of the task of protecting the Fatherland and making an important contribution to national socio-economic development.” To clarify the new points in the political report at the 13th National Party Congress, reporters of the People's Army Online Newspaper had an interview with Major General Hoang Son, Secretary of the Party Committee and Deputy General Director of Military Industry - Telecoms Group (Viettel). Researching and developing high level technologies for national defense Reporter: Mr. Deputy General Director, documents of the 13th National Party Congress mention the need to develop a number of key science and technology branches to solve urgent issues and apply scientific and technological advances to both economic and defense sectors. What do you think about this policy and what will Viettel do to successfully realize it? Major General Hoang Son: The new contents articulated in the documents of the 13th National Party Congress on the issues are the developments of the Resolution of the 12th National Party Congress. These developments have reflected the flexibility and creativity of the Party in response to the new situation. Regarding its development strategy, Viettel has so far established business, trade and investment ties with more than 120 partners from 35 countries. Thanks to our widespread business network, we can easily access …

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A man from the southwestern region of Vietnam started his business with a female buffalo that was then extended to hundreds of buffaloes, earning him annual revenue of over a billion VND. Though busy during the last days of the lunar year, Mr. Nguyen Hong Ngu, a resident of Long My district in Hau Giang province, spent time to tell us his “destiny”: becoming wealthy from buffaloes. Resting on a meadow, he shared his childhood memory about buffaloes. When he grew up, he chose the buffalo to start his business. “Twenty-seven years ago, Luong Nghia land was so heavily contaminated with alum that there was only one crop per annum. Only about 600 kilograms of grain per labor per crop were harvested. What frustrated me was thzt no buffalo was available for the crops. Back then, I had just got married. I decided to take the money and gold received from the wedding to purchase a female buffalo for VND5 million. I just thought of using the buffalo for our own crop, not yet getting rich from it,” said Ngu. The buffalo was not only used for his own farm. It was rented by his neighbors too. At the end of the harvest, Ngu bought nearly one tael of gold. A couple months later, the buffalo got pregnant. Ngu started to develop her breed. “So far, I have had a herd of hundreds of buffaloes. The first buffalo was dead after delivering 16 calves." His buffaloes are raised in different southern provinces, namely Hau Giang, An Giang, Dong Thap, etc. for trade convenience. Every day, the buffaloes are out in the grass field and soak in the water for about an hour. Then, they return to the stables for the lawn. “Cutting lawns is a hard job but does not cost much money as food does for pigs, chicken, and ducks,” said Ngu. Ngu uses 20 acres of land for grass for the buffaloes. When there is no grass on the meadow, he has to buy rice roots from newly harvested fields. During these times, the buffaloes are well fed and chubby. VND3 billion house from buffalo sale Ngu …

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Customers buy farm produce to help Hai Duong farmers at AEON - Long Bien, Ha Noi. — Photo AEON Vietnam To support farmers in the COVID-19 hit region of Hai Duong, grocery giant AEON is selling their produce for zero profit. The move comes after many farmers in the region have been unable to shift their stock, due to lockdown restrictions in the area. Over the past three days, 43 tonnes of farm produce, including cabbage, kohlrabi, carrots, tomatoes, guava pears, have been trucked to big cities for sale. Products are being sold at AEON - Long Biên, AEON - Ha Dong and AEON MaxValu Express Riverside Supermarket (Thanh Xuan, Ha Noi) and AEON MaxValu Express EcoPark (Hung Yen). The items are being sold at low prices, to ensure profits are solely for the farmers. Tran Thu Quynh, Northern Merchandising General Manager at AEON Vietnam, said: “Understanding the difficulties of farmers in Hai Duong, AEON Vietnam would like to join hands to support and promote the consumption of their agricultural products. “We hope the COVIDD-19 situation will become more positive, and the lives of the people here will become stable again." To ensure customer’s safety, AEON Vietnam keeps maintaining and strengthening prevention measures in accordance with government regulations at all of its business locations nationwide as well as during the transportation of agricultural products. In February 2020, AEON Vietnam also participated in the activity of "rescue" agricultural products for farmers in the Southern provinces. In just five days last February, the company consumed nearly 20 tonnes of dragon fruit and nearly 60 tonnes of watermelon. — VNS …

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