Sumo 19 case

In an interview granted to the Vietnam News Agency’s correspondents in Vientiane, Boviengkham Vongdara, member of the Central Committee of the Lao People's Revolutionary Party (LPRP), Minister of Science and Technology of Laos, and President of the Laos - Vietnam Friendship Association (LVFA), highlighted Vietnam's major achievements under the CPV leadership through different periods, including the declaration of independence in 1945, the victories against the French colonialists and the U.S. imperialists between 1945 and 1975. He also spoke highly of the reunification of the country in 1975, and the post-war national construction and recovery after 1975. He said that the most outstanding success of the Party is its leadership over the “Doi Moi” (Renewal) cause, switching from a subsidized economic model to a socialist-oriented market economy, helping bring the country’s economy into the contemporary era. He noted that last year, despite COVID-19 impacts and difficulties from the … [Read more...] about Lao official highlights Vietnam’s successes under CPV leadership

The Ho Chi Minh City Stock Exchange (HoSE) on Thursday warned that Vietnam Airlines (HVN) could be delisted if an audit proves the company has logged an operating loss for three consecutive years. In its warning, the HoSE cited the firm’s consolidated financial statement for the last quarter of 2022 in which Vietnam Airlines posted an accumulated loss of nearly VND34.2 trillion (US$1.46 billion) in 2022. The carrier also reported that its equity was negative VND10.2 trillion ($435.4 million) last year. According to the Law on Securities, the stock of a public company must be delisted if it suffers annual operating losses for three consecutive years, if its accumulated losses exceed its charter capital, or if its equity is negative. As such, if Vietnam Airlines' audited consolidated financial statement for 2022 shows a loss, it will be the firm’s third consecutive year of operational losses and its ticker will be delisted, the HoSE warned. On June 1, 2022, the HoSE issued a … [Read more...] about Vietnam Airlines risks stock delisting

A Chinese spy balloon has been flying over the United States for a couple of days, U.S. officials said on Thursday, in what would be a brazen act just days ahead of a planned trip to Beijing by U.S. Secretary of State Antony Blinken. Fighter jets were mobilized, but military leaders advised President Joe Biden against shooting the balloon out of the sky for fear debris could pose a safety threat, advice Biden accepted, U.S. officials said. The United States took "custody" of the balloon when it entered U.S. airspace and had observed it with piloted U.S. military aircraft, one of the officials told reporters on condition of anonymity. Separately, Canada's defense ministry said a "high-altitude surveillance balloon" was detected and that it was monitoring a "potential second incident", without giving further details, adding that it was in frequent contact with the United States. The news initially broke as CIA Director William Burns was speaking at an event at Washington’s … [Read more...] about Chinese spy balloon flies over the United States, Pentagon says

Workers at Phuong Nam Garment Trading Import Export Joint Stocks Company in Ho Chi Minh City. (Photo: VNA) HCM City (VNA) – Ho Chi Minh City ’s Index of Industrial Production (IIP) in January reduced by 21.4% compared to the previous month, according to the city’s Department of Industry and Trade. This year’s week-long Lunar New Year (Tet) Festival that falls in January was blamed for the decreased production as the production time in the month was less than the previous month’s. Some industries in the city also saw lower production indexes, for example, the processing and manufacturing industry down 22%, electricity generation and distribution down 12.8%, water supply and waste treatment down 8.4%. Besides, all 30/30 secondary industries decreased compared to the previous month and 15 out of the 30 industries dropped by over 20%. To meet people’s demand in the city in January 2023, especially during the Tet celebrations, the city's industry and trade sector … [Read more...] about HCM City’s industrial production falls over 21% in January