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Practical power direction can propel SOE fortunes At a seminar last week co-hosted by VIR and the Commission for the Management of State Capital at Enterprises (CMSC), Pham Van Son, head of the CMSC’s General Department, said that the 19 groups and corporations under it have undergone significant changes in the past few years. As of the end of 2022, the total consolidated ownership capital of these groups and corporations accounted for approximately 63 per cent of the total equity and 65 per cent of the total assets of state-owned enterprises (SOEs). “In comparison to 2018, the total consolidated equity increased from over $45.6 billion to more than $49.6 billion, and the total consolidated assets rose from over $98.5 billion to $103.8 billion. Key production and business indicators achieved annual growth,” he said. Notably, these 19 groups and corporations have received approval, implemented, and completed investments in 185 group A projects and 455 group B projects. Since … [Read more...] about Practical power direction can propel SOE fortunes

Keep updated on the latest news about Vietnam. Vietnam submits next World Heritage candidate to UNESCO The Chua Dong (Bronze Pagoda) on Yen Tu Mountain, Quang Ninh Province. Photo: Truong Giang/The Hanoi Times Vietnam will submit to UNESCO by December 31 to inscribe the Yen Tu-Vinh Nghiem-Con Son-Kiep Bac Relic Complex as a World Heritage Site. The International Council on Monuments and Sites (ICOMOS) will assist Vietnam in reviewing the profile and making changes if necessary. The relic complex covers three northern provinces of Quang Ninh, Hai Duong, and Bac Giang. It is an irreplaceable link in the network of Truc Lam Buddhism, which took root in Vietnam in the 13th century and became the national religion. Vietnamese students studying in Italy welcomed The Vietnamese Embassy and the Vietnamese Students' Association in Italy held a ceremony last weekend to welcome Vietnamese students studying in the southern European country. At the event, the … [Read more...] about Vietnam news in brief – October 2

Sedona Suites Ho Chi Minh City creates ultimate venue for business and leisure It is the preferred choice for discerning travellers, providing an ideal location, extensive facilities, and a commitment to excellence. Located in the heart of Ho Chi Minh City, Sedona Suites boasts an enviable address that puts guests at the centre of the action. With a plethora of on-site dining options and a Saigon Centre mall right at your doorstep, the culinary delights of Vietnam are just a few steps away. Owning such a prime location where convenience meets quiet luxury, whether it's shopping, dining, or experiencing the local culture, it offers the ideal starting point for your adventure.The property seamlessly caters to both short-stay and long-stay guests. Its suites are thoughtfully designed to meet the needs of all guests, whether you're here for a brief visit or an extended stay. You'll find all the amenities and services necessary for a comfortable and productive stay. Additionally, … [Read more...] about Sedona Suites Ho Chi Minh City creates ultimate venue for business and leisure

As visitors flock to this paradise, Pullman Phu Quoc Beach Resort emerges as the premier choice for those seeking a luxurious and unforgettable stay. With its unparalleled facilities, exceptional service, and idyllic location, Pullman Phu Quoc promises an experience like no other. Photos courtesy of Pullman Phu Quoc Beach Resort Nestled on the island's western coastline, it offers a blend of luxury and natural beauty with modern design, spacious rooms, and stunning views of the ocean or lush gardens. The resort features impeccably designed rooms, a variety of dining options, and an extensive range of recreational facilities. The resort features impeccably designed rooms, a variety of dining options, and an extensive range of recreational facilities. Each room at Pullman Phu Quoc Beach Resort ensures that every customer's needs will be taken care of, leaving them free to relax and enjoy themselves. According to Jun Gyu Eom, director of Sales and Marketing … [Read more...] about Pullman Phu Quoc: The premier choice for Jeju’s first-ever flight to the island

Business and productions targets were all exceeded in 2021 and profits were at a record high in 2022 The group (Vinachem) is expected to acquire VND54.5 trillion (nearly $2.3 billion) in industrial production, $2.4 billion in revenues, and $146.4 million in profit for the year. It reported record profits last year. With close and timely attention and direction from the central government, ministries, and branches, Vinachem’s four weakest projects and businesses have seen positive changes. The project of DAP-Vinachem JSC has had stable production since 2017, with annual profits and no accumulated losses since January 2022. This project was also removed from the list of 12 loss-making mega projects. In addition, Vinachem’s three fertiliser production units have maintained production, gradually increasing the average capacity to match the designed capacity. Specifically, after being renovated and expanded, the Ha Bac fertiliser plant still maintains safe and continuous operation, … [Read more...] about Vinachem flourishes through positive adjustments