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In a report sent to shareholders ahead of the upcoming annual general meeting, the company said the revenue target is lower by 9% at VND20,000 billion. It had announced late February that the profit target was VND787 billion ($33.5 million). The report said the business plan for 2023 has been amended due to the "decline in the economy as well as consumer demand." It would improve its distribution channels and facilities and develop new product categories to improve market share, revenues and profits. A declining business outlook after two years of high growth is also the overall situation in the retail industry this year. Electronics store chain FPT Retail plans to seek shareholder approval to reduce its pre-tax profit by more than half to VND240 billion. In the last two years they had been VND554 billion (2021) and VND485 billion (2022). It cited difficulties faced by its consumer electronics chain FPT Shop, saying it could be more severely affected by adverse factors … [Read more...] about Digiworld cuts profit target by nearly half

Ho Chi Minh City’s gross regional domestic product (GRDP) in the first quarter expanded a mere 0.7 percent year on year. The Ho Chi Minh city Institute for Development Studies (HIDS) on Wednesday cited statistics from the General Statistics Office of Vietnam as showing that the metropolis’ GRDP reached some VND360 trillion (US$15.3 billion) this quarter, inching up from the nearly VND247 trillion ($10.5 billion) in the same quarter of last year. The growth rate was higher than the 0.29 percent in the first quarter of 2022. However, experts were not surprised at the modest growth, saying that it had aligned with previously released forecasts. They also noted that growth in the second quarter of the year could be even lower. According to the HIDS, the city’s agro-forestry-fishery sector improved 2.06 percent, the service sector edged up 2.07 percent, and the industry and construction sector fell 3.6 percent, according to Thoi Bao Tai Chinh Viet Nam (Vietnam Financial Times). … [Read more...] about Ho Chi Minh City reports modest economic growth in Q1

As Eita Sato and Aoi Hoshi walked towards their junior high school graduation ceremony, their footsteps echoed in polished halls once crowded and noisy with students. The two were the only graduates of Yumoto Junior High in a mountainous part of northern Japan - and the last. The 76-year-old school will shut its doors for good when the school year ends on Friday. “We heard rumours about the school closure in our second year, but I didn’t imagine it would actually happen. I was shocked,” Eita, who like Aoi is 15, said. Eita, Aoi and their teachers attend a special celebratory class a few days before graduation and the school’s closing ceremony, in Ten-ei Village, Fukushima Prefecture, Japan, March 9, 2023. Photo: Reuters As Japan’s birthrate plunges faster than expected, school closures have picked up pace especially in rural areas like Ten-ei, a mountainous skiing and hotspring area in Fukushima prefecture, dealing a further blow to regions already struggling … [Read more...] about Last students graduate: School closures spread in ageing Japan

The 66,752 Euro (72,323 USD) project, sponsored by UP Transfer - Potsdam University of Germany, was implemented between 2021 and 2023. Its main components include building a mangrove nursery managed by the community and planting Sonneratia caseolaris (commonly known as mangrove apple) in the lagoon area of Hai Duong commune, Hue city. The project coordinated with the Women's Unions of communes near Tam Giang lagoon to organize communications activities on ecosystem-based natural disaster risk reduction and contests for ecosystem-based livelihoods adaptation to climate change and evaluate project effectiveness. Tran Van Sang from the Institute of Ecology and Construction Protection said that the techniques applied in the project have helped the mangrove to sprout, develop foliage and grow well, creating habitats for birds to live in. However, the restoration of mangrove forests in the province still faces difficulties because of unfavorable weather conditions, people’s fishing … [Read more...] about Project proves women’s role in increasing community’s resilience to natural disasters

Vietnam’s engagement in U.N. resolution that urges the International Court of Justice (ICJ) to outline nations' legal obligations related to curbing climate change disasters and their impacts on vulnerable communities proves the country’s point of view, the ambassador said in a recent interview to the Vietnam News Agency right after the resolution was adopted on March 29. The resolution, co-sponsored by 132 countries, calls on the ICJ to lay out nations' obligations for protecting Earth's climate, and the legal consequences they face if they don't. The court's opinion would be non-binding. Giang described the adoption of the resolution as particularly significant. First, it shows the enormous consequences of climate change and the urgency to strengthen climate change response. Second, the urgency has become so great that it has attracted widespread international attention. Third, the adoption of the resolution by consensus shows the advantages of the multilateral approach, … [Read more...] about Vietnam emphasizes global multilateral approaches to solving climate change issues

On this occasion, the unit presented 129 national flags, 34 portraits of Uncle Ho, nearly 2.000 leaflets, and disseminated information about maritime border security and some legal documents about IUU fishing and the Law on National Border; Law on the Sea of Vietnam 2012; Law on Vietnam Border Guard; United Nations Convention on the Law of the Sea in 1982 (UNCLOS 1982), among others, to 85 vehicles and 928 fishermen. They also provided information about Prime Minister’s Dispatch No.732/CD-TTg, issued on May 28, 2017, and Directive No.45/CT-TTg, issued on December 13, 2017, among others. At the same time, the flotilla also mobilized the fishermen to operate at sea and pledge not to enter other countries’ fishing waters, while accelerating the implementation of IUU fishing prevention and law observance at sea. The program aimed to raise fishermen’s awareness of the State’s law observance, contributing to building the firm all people’s border defense. Translated by Minh Anh … [Read more...] about Law dissemination on IUU fishing prevention promoted

He portrays street vendors selling the humble but ubiquitous baguette that can be found at every street corner in large-sized works even as the country’s first banh mi festival begins on March 30 at the Youth Cultural House in HCMC’s District 1. The festival, which has 120 pavilions set up by restaurants, bakeries and domestic and foreign suppliers, is organized by the Vietnam Tourism Association and the HCMC Department of Tourism. Along with the traditional banh mi, other types of breads such as banh mi que (breadsticks) and French baguettes are also showcased. Free loaves of banh mi being delivered to the poor during the Covid social distancing campaign in 2021. A man delivers free banh mi to people during the pandemic as tens of thousands of people lost their jobs and had their incomes reduced due to lockdowns. Many stories have become sad memories for the artist. One rainy … [Read more...] about Artist’s paintings honor the humble banh mi

During a working session with the municipal authorities on March 29, ADB committed to loans for a 2023-2030 project on transport infrastructure in adaptation with climate change, including overpasses at five major intersections and others. Its total cost is estimated at about 4.9 trillion VND (199.6 million USD), of which 130.3 million USD was from ADB’s loans and the remainder from local budget. Nguyen Van Hong, Vice Chairman of the municipal People's Committee, suggested ADB prioritize the launch of a technical assistance package worth USD 200,000 for the green growth and climate change adaptation plan. The next priority should be given to transport projects. About a project on the upgrade of wastewater treatment plant, he proposed ADB continue sharing its experience with the city. Keiju Mitsuhashi, ADB Country Director and head of the working delegation, said ADB will soon draft a document agreeing on the lists, budgets, lending mechanisms and related issues for the city. … [Read more...] about ADB agrees on loans for important projects in Can Tho

Ambassador Dang Hoang Giang , Vietnam’s Permanent Representative to the United Nations (UN), as Vice-President of the UN General Assembly , adopts the resolution (Photo: VNA) New York(VNA) -  Ambassador Dang Hoang Giang, Vietnam’s Permanent Representative to the United Nations (UN), as Vice-President of the UN General Assembly, on March 29 chaired its discussion and vote on a resolution asking the International Court of Justice (ICJ) to define the obligations of states to combat climate change. The resolution was put forward by Vanuatu and a “core group” of 18 countries, including Vietnam. Under the resolution, UN member states requested the world court to give opinions on the obligations of states under international law to protect the environment against greenhouse gas emissions, as well as on legal responsibilities of countries which have caused negative impacts of climate change on many other countries. With this resolution, the ICJ will, for the first time, … [Read more...] about Vietnam contributes to resolution seeking ICJ’s act related to climate change

Hong Leong Bank of Malaysia  has operated in Vietnam since 2009. - Illustrative image (Photo: VNA) Kuala Lumpur, (VNA) – Former Malaysian Ambassador to Vietnam Dato Azmil Zabidi has highlighted the close relationship between the two countries, stressing that trade and tourism cooperation are potential areas that need to be promoted. In a recent interview granted to the Vietnam News Agency’s correspondents in Malaysia on the occasion of the 50th founding anniversary of diplomatic ties between the two countries (March 30, 1973-2023), Zabidi said the increasing trade turnover between Vietnam and Malaysia is an important achievement and a testament to the bilateral cooperation . “When I first go to Vietnam in 2011, the bilateral trade between Malaysia and Vietnam stood at about 6.6 billion USD, and then when I left at the end of January 2016, the figure has grown to somewhere between 11-12 billion USD, nearly double.”, Zabidi said This shows that bilateral trade has been … [Read more...] about Potential remains for Vietnam – Malaysia trade, tourism cooperation: former diplomat