However, the corporation implemented drastic and comprehensive restructuring measures. Those included increasing debt purchase of banks according to market principles, switching debts to contributed capital, paying debts by investments that VIMC is in need of divestment, thoroughly handling bad debts and ineffective assets, saving costs, accepting some businesses to file for bankruptcy, focusing on market development and improving efficiency of trade activities. Thanks to greater efforts, VIMC has made profits totaling more than VND1 trillion from seaport services per year since it was equitized, helping it overcome numerous difficulties in maritime transportation. Seaports have become ‘gold mines’ for partners and investors who want to own VIMC’s stocks by investing in the parent company. … [Read more...] about VIMC strives to become regional brand name
Safety transportation services
Public guests get first look of Hanoi’s third metro tra
An information screen on the train for the metro line 3 of Hanoi, January 23, 2021. Photo: Pham Tuan / Tuoi Tre Visitors are seen on the train for the metro line 3 of Hanoi, January 23, 2021. Photo: Pham Tuan / Tuoi Tre Visitors are seen doing a photo shoot on the train for the metro line 3 of Hanoi, January 23, 2021. Photo: Pham Tuan / Tuoi Tre Visitors are seen at the S1 terminal of Hanoi, January 23, 2021. Photo: Pham Tuan / Tuoi Tre Like us on Facebook or follow us on Twitter to get the latest news about Vietnam! … [Read more...] about Public guests get first look of Hanoi’s third metro tra
Additional US$1 million fund established to aid startups in Binh Duong
On the occasion, the Young Entrepreneur Association in Di An Town presented VND200 million (US$ 8,675) to support the poor in the town as well as build two charitable houses each worth VND50 million and 20 bicycles to needy children with good academic performance. … [Read more...] about Additional US$1 million fund established to aid startups in Binh Duong
Indonesia supports safe, transformative digital ecosystem in ASEAN
Jakarta (VNA) - Indonesia is encouraging the creation of a safe and transformative digital ecosystem in support of the planned cooperation between ASEAN and Japan in the telecommunications sector, the country’s Minister of Communication and Informatics, Johnny G. Plate, has said. The cooperation will be directed towards the development of a digital community and economic block, which will hinge on technological service and a safe and transformative digital ecosystem, he affirmed during a virtual dialogue between ASEAN Digital Ministers and Japanese Minister of Home Affairs and Communication Masayoshi Shintani. The meeting took place on the sidelines of the first ASEAN Digital Ministers’ Meeting (ADGMIN), held from January 18 to January 22. Plate said the planned cooperation between ASEAN and Japan in information and communication technology will be in line with Indonesia's priority, including the development of 4G digital infrastructure across Indonesia, initial … [Read more...] about Indonesia supports safe, transformative digital ecosystem in ASEAN
Trans woman running $7,000 sex tours arrested in Hanoi
Under Vietnam's Penal Code, sex workers are given a warning and fined VND100,000-300,000 ($4.26-12.78), while pimps and sex ring organizers can get between six months and five years in jail. … [Read more...] about Trans woman running $7,000 sex tours arrested in Hanoi