To cash strapped meaning

The book shows the Party Chief’s comprehensive direction in the graft fight drawn from practice and foresight on issues of Party building, anti-corruption, and the country’s development. Vietnam today [February 2] introduced the launch of a 600-book on the corruption fight by General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong. The book on Anti-corruption was written by General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong. Photo: NLD Titled “Persistently determined to prevent and fight against corruption and negative phenomena, contributing to building an increasingly transparent and strong Party and State”, the book summarizes the anti-corruption direction of the General Secretary, who is also head of the Central Steering Committee on Anti-corruption. The book, published by the National Political Publishing House, will be released in print and online. The online version is available for free on stbook.vn . … [Read more...] about Vietnam publishes book on Communist Party chief’s anti-corruption

Dao Van Chieu, from the north-central province of Thanh Hoa, said that he received a call on Monday, his first day back in the city after a visit to his hometown for Tet . "They offered me a job listening to music and liking songs on an online music site for VND10,000 (43 cents) per song," Chieu said. Despite having previously read warnings about online tricksters, he still tried out the gig as a way to investigate and possibly warn other people of the scam. "They actually paid me VND10,000," Chieu said, "then they tempted me to send in money for high commission. The online group they established had attracted nearly 4,000 members." As soon as he joined the group, his phone began receiving a relentless flow of chat notifications. Every time someone completed a task, they would send a message to the group. "Receiving hundreds of messages means hundreds of people believed in the system and had completed the tasks," Chieu said. "Among them, many might have been deceived." … [Read more...] about Hundreds fall for post-Tet online scams

The organizer of the 18+ SpaceSpeakers Live Concert - The Kosmik held in Ho Chi Minh City in November 2022 has been fined VND110 million (US$4,690) for showing three unapproved and two erotic performances. The fine decision was issued to Fansviet Co. Ltd., which is based on Nguyen Van Dau Street in Binh Thanh District, on December 14, 2022 and was signed by the city’s deputy chairman Duong Anh Duc. Fansviet organized the 18+ SpaceSpeakers Live Concert - The Kosmik at Quan Khu 7 Stadium on Hoang Van Thu Street in Phu Nhuan District on November 12, 2022. The show, which attracted an audience of 5,000 people, included three performances that did not conform to the script previously approved by the Ho Chi Minh City Department of Culture and Sports, namely ‘Live Set’ by producer TINLE, ‘Nhac Anh’ by rappers Andree and Wxrdie, and ‘A Veil of Mist’ by 11 performers. In two other performances, performers used costumes, words, sounds, images, movements, and means of expression contrary … [Read more...] about Organizer of Ho Chi Minh City’s 18+ show fined $4,690

Demand for fresh foods increases ahead of the Ram Thang Gieng (the first full moon of the lunar year) as usual, but market prices have barely changed. The upcoming celebration of Ram Thang Gieng (the full moon of the first lunar month) marks a strong increase in demand for fresh food in the market, but prices have remained stable. People buy fruits at a traditional market in Hanoi to prepare dishes for the celebration of the first full moon in the lunar year. Photo: Hoai Nam/The Hanoi Times The first full moon of the lunar year falls on the 15th day of the first lunar month. On that day, Vietnamese prepare some dishes in honor of the gods, Buddha, and ancestors, and pray for the happiness, luck, and prosperity of their relatives. In 2023, Ram Thang Gieng falls on January 4. Given such meaning,  demand for fresh and good quality food before and during the day tends to increase. In 2023, however, prices for raw and fresh foods are virtually unchanged … [Read more...] about Food prices rise slightly ahead of first full moon

The Thai government's spokesman Anucha Burapachaisri. (Photo: nationthailand) Bangkok (VNA) – The Thai government's spokesman Anucha Burapachaisri said on February 1 that the Ministry of Industry has signed a memorandum of understanding (MoU) with Japan’s Ishikawa prefecture to forge links between local enterprises. Anucha stressed that Ishikawa is the 23rd out of Japan’s 47 prefectures to sign an MOU with Thailand to promote industrial cooperation under the theme of “Otagai”, which means “to help each other”. On the Thai side, the Department of Industrial Promotion will match cluster industries in Ishikawa, including machinery, textile and fibre, food and agriculture, with suppliers and partners in Thailand. Both sides also agreed to participate in the 22nd Otagai Forum in Nanao City, Ishikawa, on February 22 to promote collaboration in the carbon-fibre-reinforced polymer and food processing industries and the bio-circular and green (BCG) economy. Anucha said over … [Read more...] about Thai, Japanese businesses forge links

A construction site of Phat Dat Real Estate Development Joint Stock Company (PDR). PDR reported net revenue of VND14.6 billion (US$622,600) in the last 3 months of 2022. — VNA/VNS Photo A volatile real estate market caused revenues and profits of realty businesses to decrease sharply in the fourth quarter of 2022. Phat Dat Real Estate Development Joint Stock Company (PDR) reported net revenue of VND14.6 billion (US$622,600) in the last three months of 2022, a sharp decrease compared to the VND1.29 trillion recorded in the fourth quarter of 2021. The company suffered an after-tax loss of VND229.4 billion in Q4 of 2022, while in the same period in 2021, it reported a net profit of VND751.4 billion. This was considered Phat Dat's "failure" quarter as the company reported a loss for the first time since it announced business results. Dat Xanh Group Joint Stock Company (DXG) reported a loss of VND460 billion in the last quarter of 2022. During the period, the company's net revenue … [Read more...] about Volatile real estate market puts pressure on business results

While striking an optimistic tone on sales of services and iPhones, CEO Tim Cook said an uncertain economy is expected to hurt categories like gaming and digital advertising. Overall, Apple's leaders tried to reassure investors that despite the firm being buffeted by up-and-down sales cycles for its flagship device and vulnerable to supply chain shocks, the world's largest listed company remains on a steady - if somewhat slower - rise. And in the immediate aftermath of some of the company's worst financial results in years, at least some investors seemed to give Cook the benefit of the doubt, imposing only modest share price declines. For the just-ended quarter, Apple's profits missed Wall Street expectations for the first time since 2016, dragged down by iPhone sales falling for the first time since 2020. The stock was down about 2% after Chief Financial Officer Luca Maestri said that iPhone sales were likely to improve compared with the quarter ended Dec. 31. That did not quite … [Read more...] about Apple forecasts another drop in revenue, proclaims iPhone production problems over

The property market and corporate lending are key issues that need to be addressed, and the Cabinet has scheduled a meeting of ministers this month to resolve current issues, he told a meeting Thursday. The property market accounts for around 11% of GDP and has a close relationship with many industries that create a large number of jobs. But since last year it has been facing difficulties due to tightened credit, excessive supply and lack of transparency. Many projects have been suspended due to a cash shortage. Chinh warned the economy faces risks this year with exports seeming to slow down while the industrial production index in January declined by 8% year-on-year. It is difficult to attract foreign investment, while recovery programs have been delayed, he said. He called on the Ministry of Finance to quickly complete a bill that will amend regulation of bond issuances, both domestically and internationally. Work on large public projects needs to be accelerated to … [Read more...] about PM calls for fixing property market ills

SABECO spends $42 million on cash dividend advances According to its latest financial statement, in the fourth quarter of 2022, SABECO reported revenue of more than $439 million, a sharp increase compared to the first three quarters of 2022 and up 11.4 per cent on-year. Sales expenses increased by more than 70 per cent on-year to $70 million, mainly in the form of advertising, marketing, and promotions. Therefore, SABECO's after-tax profit stood at $46.8 million, down 23 per cent on-year. Throughout 2022, SABECO's net revenue reached $1.53 billion, an increase of nearly 33 per cent compared to 2021, equivalent to an average of more than $4.2 million per day. After-tax profit reached $239 million, the highest since the brand belonged to Thai owners at the end of 2017. SABECO set a revenue target of $1.5 billion and an after-tax profit of $200 million for the year. With the above results, the company has exceeded the target set forth in 2022. The brewer's total assets at … [Read more...] about SABECO gains peak profits over the last six years

Indonesia mulls reducing tax on EVs sales to 1% (Photo: AFP/VNA) Jakarta (VNA) – Coordinating Ministry of Maritime Affairs of Indonesia said it is considering reducing the value-added tax on electric car sales from 11% to 1% to drive up demand and attract investment. Septian Hario Seto, a senior official of the ministry, said the country has a target of having at least 1.2 million electric motorcycles and 35,000 electric cars in use by 2024. He revealed the government will give a cash incentive of 7 million rupiah (467.6 USD) for every electric motorcycle sold until sales reach a certain volume that is still under discussion. However, the planned incentives may only be available for electric vehicles (EVs) that are at least 40% locally-made. The official said the local content percentage will be increased further to 60% and more in the time ahead. The regulation laying out incentives for EVs is expected to be issued next week./. VNA … [Read more...] about Indonesia mulls reducing tax on EVs sales to 1%