Tesla share loss

Difficulties clinging real estate businesses too weary The fourth quarter of 2022 was an extremely difficult period for real estate businesses when most had meagre business results, with record-high losses for many. In Ho Chi Minh City, Thuong Tin Real Estate JSC (TTC Land), in the fourth quarter of 2022, reported revenue of more than VND319 billion ($13.87 million), but financial revenue dropped sharply, making a gross profit of only $3.5 million. Although gross profit was positive, after-tax profit declined due to increasing financial expenses when the company recovered short-term. As a result, TTC Land suffered a loss of more than $3.95 million in the fourth quarter of 2022, a first loss since 2020. Also in the group of enterprises with record losses, LDG Investment JSC (LDG) reported revenue of nearly $2 million in the fourth quarter of 2022. However, due to the increase in selling and administrative expenses, LDG saw an after-tax loss of nearly $1.7 million, the first … [Read more...] about Tough times for real estate businesses

A trader watches the market's movements at a stock exchange. — Photo baodautu.vn The Vietnamese stock market struggled following the Tet holiday, but liquidity improved as selling pressure increased, reflecting investors' desire for profit-taking. However, experts remain positive about the market's development in the future. The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) ended last week at 1,077.15 points, while the HNX-Index on the Ha Noi Stock Exchange (HNX) was at 215.28 points. For the week, both indices recorded a weekly loss, with the former losing 3.6 per cent and the latter down 2.5 per cent. Trading value on the main exchange HoSE increased by 23.1 per cent compared to the previous five trading sessions to nearly VND66.65 trillion (US$2.8 billion), corresponding to a 25.1 per cent gain in trading volume to over 3.6 billion shares. Similarly, the trading value on the HNX also advanced by 38.6 per cent to VND6.9 trillion, equivalent to a 40 … [Read more...] about Market expected to move in a narrow range this week

During their meeting, FM Son and Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn were pleased with the fruitful developments of the bilateral relationship in recent times, and agreed to continue promoting the exchange of high-level visits via all channels, enhancing people-to-people exchange; maintaining and optimizing the effectiveness of existing bilateral cooperation mechanisms; fostering economic connections; strengthening cooperation between localities, especially those that share borders; and exerting effort to speed up tourism recovery. They also agreed to accelerate negotiations towards completing the remaining 16% of the land border demarcation and marker planting in order to build a common borderline of peace, friendship, cooperation and sustainable development between the two nations; and closely coordinate at regional and international forums as well as sub-regional mechanisms, and support each other's candidacy to multilateral organizations. Sokhonn … [Read more...] about Foreign Minister meets Cambodian, Philippine, Malaysian counterparts

Cuong lives alone in a small house spanning just 10 square meters, nestled deep within an alley of HCMC’s District 6. He has been living this way for several years in the house that a relative gave him. As he adjusted his tattered sleeves, the 66-year-old man brought out a box of personal items, documents and old newspapers. The documents and evidence were about a criminal case in which four police officers falsely accused Cuong and his two brothers-in-law of a crime they did not commit 38 years earlier. But even until today, that tarnish on his name remains. He has yet to to be given an apology and he has not received any compensation. "These papers were given to me by people at the time. I'm illiterate, but I know what these papers say by heart," Cuong said. "The police officers who made the false accusations have been put on trial, my two brothers have died, and I have yet to receive an apology." On February 28, 1985, Cuong, along with Ha Van Duoc and Tran Duc An, were … [Read more...] about Wrongful accusation, arrest destroys man’s life

AI4VN has been an annual programme organised by the Ministry of Science and Technology since 2018 (Photo: VietnnamPlus) Hanoi (VNA) - The 2022 Vietnam Artificial Intelligence Day (AI4VN), themed “AI – Recovering the economy , shaping the future”, began in Hanoi on September 23. The forum was expected to serve as a venue for participants to share stories, and propose solutions to contribute to creating motivation for developing the AI ecosystem in Vietnam. This was also a good chance for the community to understand more about the application perspective to see how AI technology has changed people's lives. At the event, Deputy Prime Minister Vu Duc Dam said AI4VN 2022 introduces artificial intelligence products from not only big and reputable enterprises but also small businesses, adding that this shows that technology will greatly change lives now and in the future. He stressed that Vietnam needs to make more efforts in the process of applying artificial intelligence … [Read more...] about 2022 Vietnam Artificial Intelligence Day opens in Hanoi

Images showing the e-wallet market by share of active users by Robocash Group. — Photo Courtesy Robocash Group The modern e-wallet market in Viet Nam 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 Viet Nam is booming with 90 per cent 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 per cent of the market. According to a Decision Lab study, at the end of 2021, 56 per cent of the Vietnamese population that had an … [Read more...] about E-wallet market in Viet Nam estimated to reach 50 million users by 2024

The cooperation in international issues has made the two countries leading trade partners in ASEAN and those sharing common goals in the Greater Mekong Subregion. Thailand and Vietnam should look toward taking on a more proactive role in shaping the new and emerging international system, Thai Ambassador to Vietnam Nikorndej Balankura shared the view in talks with The Hanoi Times . Thai Ambassador to Vietnam Nikorndej Balankura. Photos: VNA The view reflects the two countries’ aspirations for further cooperation as they enter into the 10th year of their Strategic Partnership in 2023. “Through coalition-building and agenda-setting, Thailand and Vietnam can increase our countries’ leverage and strategic position, as well as that of sub-regional and regional groupings like ACMECS, ASEAN, and APEC,” Ambassador Balankura said. Most recently, Thailand hosted the 2022 APEC Economic Leaders’ Week in Bangkok on November 14-19, 2022, an event that demonstrated … [Read more...] about Thailand, Vietnam urged to be more proactive in face of new int’l challenges

The philosophy that widely adopted in Vietnam demonstrates the close relationship between the two nations which are now leading trade partners of each other in ASEAN. Thailand and Vietnam have as close relationship that has been strengthened through different fields, including some initiated by late King Bhumibol Adulyadej. Thai Ambassador to Vietnam Nikorndej Balankura delivers a speech at the ceremony held in Hanoi on Dec 2. Photos: Minh Nguyen The Sufficiency Economy Philosophy (SEP) is the typical model found throughout Thailand and widely adopted in Vietnam. According to Thai Ambassador to Vietnam Nikorndej Balankura, SEP is a guideline cultivated by the late King that emphasizes how individuals and communities should establish strong basic economic foundations, through the core principles of moderation, reasonableness, and resilience, in order to ensure sustainable growth. Today, the SEP Project in Vietnam’s Northern Province of Thai Nguyen aims to … [Read more...] about Thailand’s philosophy promoted in Vietnam

ChatGPT's potentials are exciting, but we also hear about its potential impacts on our lives, especially in our work life, namely it can displace white-color workers. It is both exciting and unnerving at the same time. As a writer, I want OpenAI's AI to help me with my writing. I rely on GPT-3, a generative AI model that assist writers in their writing using prompts. This essay is a collaboration between GPT-3 and me. I am describing the process that I used it step by step, and how one can take advantage of it to engage in the creative writing process. The first step is to set up an account on OpenAI to use GPT-3. There are two ways to write with GPT-3. The first way is to use OpenAI's Playground user interface. The second way, and a more technical way is to use OpenAI's Application Programming Interface. Since I can also code, I used the second method because it allows for more control in prompt design. Once the pipeline is ready, I start writing, one sentence at a time. I … [Read more...] about Collaborating with AI

The owner of a serviced apartment project on Huynh Van Banh Street, Phu Nhuan District, said occupancy for small apartments had been at 90% since the fourth quarter last year. But he added that while 100% of his one-bedroom apartments were occupied, most of his two- or three-bedroom apartments were vacant. He noted that his smaller apartments often supplied "better living space and more utilities" than larger ones. The owner said he was now planning to separate each larger serviced apartment into two smaller ones. "If I keep the big apartments, I will face the risk of making losses in the low season," he said. "So, the best thing to do is to increase the number of small apartments." The owner of a serviced apartment project on Cuu Long Street, Tan Binh District, said 30-45 sq.m apartment occupancy rates were 90-95%, while occupancy rates for 60-65 sq.m apartments were only 80%. The project doesn’t offer larger serviced apartments of 80-100 sq.m because "they attract fewer … [Read more...] about Large serviced apartments go unrented