Traffic congestion major problem for southern vietnam pm

By the end of December 31 the national flag carrier alone (not including its subsidiaries) was recording an accumulated loss of VND34.2 trillion ($1.46 billion). Its equity was a negative VND10.2 trillion. Vietnam Airlines still needs to publish its consolidated financial statement, which would include the earnings of its subsidiaries. If the report shows an accumulated loss, 2022 would be the third straight year the airline has posted a loss and its shares will be delisted from the HoSE. Under the current regulation, a company will have its ticker delisted if it reports losses for three consecutive years, its accumulated losses exceed the charter capital, or its equity is negative. The last time Vietnam Airlines received this warning was in September last year when it reported an accumulated loss of over VND5.1 trillion. The two years of Covid-19 created major difficulties for Vietnam Airlines and its subsidiaries Pacific Airlines and Vietnam Air Services Company (VASCO). … [Read more...] about Vietnam Airlines once again threatened with delisting

Duong Hung Mien Trung JSC based in Thang Binh District, Quang Nam Province, central Vietnam has shipped two million white-leg breeding shrimp to Taiwan. The parents of these shrimp were imported from Hawaii with a fast growth pace and strong disease resistance. The export affirms the quality of breeding shrimp of Vietnam and a stride in the development of the local shrimp breeding sector and the integration into the international market. Under a contract with its partner, the company will export some 20 million breeding shrimp to Taiwan in 2023. This is good news for Quang Nam Province’s fishing and agriculture as a whole. Duong Hung Mien Trung owns a 4.5-hectare shrimp breeding farm and auxiliary facilities covering four hectares. The shrimp breeding facility annually produces five billion post-larvae shrimp units. With more than 30 years of producing breeding shrimp with 114 breeding farms, Duong Hung Mien Trung has distributed shrimp breeds nationwide through its 32 … [Read more...] about Firm in central Vietnam exports 2mn breeding shrimps to Taiwan

The country is forecast to be the second-fastest growing economy in Asia-Pacific this year. Vietnam would continue to prioritize macroeconomic stability and containing inflation in anticipation of greater challenges from both domestic and international fronts in 2023. Prime Minister Pham Minh Chinh at the meeting. Photos: VGP Prime Minister Pham Minh Chinh gave the remarks during a monthly Government meeting today [February 2]. According to Chinh, Vietnam’s socioeconomic performance in January has been positive with strong results in all fields and sectors, especially in industries, agriculture, and tourism. The World Bank in its latest global economic outlook report forecast Vietnam’s GDP in 2023 at 6.3% year on year, down 0.2% from the previous assessment, but still the second highest in Asia-Pacific. In addition to economic development, the authorities have taken measures to ensure social welfare and provided financial support for 25 million eligible … [Read more...] about Vietnam prioritizes macroeconomic stability in 2023: PM

Luan provides the service to strangers for a small fee, and to friends for free. The artificial intelligence (AI) app chats with users as though it were a human being with the ability to apply encyclopedic knowledge in a variety of ways. More than one million people around the globe signed up for the app during the first week of its release in early December of last year. The AI-based chatbot became highly sought-after in Vietnam shortly thereafter. Luan said he received about 300 requests to create accounts with the chatbot in December. By mid-January, ChatGPT had taken the world by storm and the number of global users had skyrocketed. ChatGPT had signed up 10 million subscribers across the world 40 days after its launch. According to Google Trends statistics over the past three days, "ChatGPT" and "OpenAI" (the U.S. startup that created ChatGPT) have been two of the most searched keywords in Vietnam. Luan said the number of account set up requests he received last … [Read more...] about AI trend ChatGPT taking over Vietnam

By 2025, the Ministry of Information and Communications expected Vietnam to have 80,000 digital tech firms, meeting at least 50% of digital tech and services from state agencies. Vietnam aims for the digital technology industry to lead the implementation of Industry 4.0 in the country, with revenue growth 2.5 times higher than the overall GDP expansion rate. ICT to help Vietnam realize the digitalization process. File photo The target was revealed in the Ministry of Information and Communications (MIC)’s directive for information and communication technology (ICT) development in 2023 and the 2024-2025 period. "Digital technology focused on design, creation, and manufacturing in Vietnam is the main industrial sector driving the nation's industrialization and modernization, contributing to greater digitalization capability and shaping a digital country," the MIC stated. Under the plan, the ministry expected revenue from the ICT sector would hit US$165 … [Read more...] about Digital technology to spearhead Vietnam’s drive for Industry 4.0

Party General Secretary Nguyen Phu Trong addresses the closing ceremony of the sixth session of the 13th Party Central Committee. (Photo: VNA) Pretoria (VNA) – General Secretary of the South African Communist Party (SACP) Solly Mapaila has expressed his impression at the achievements that Vietnam has gained under the leadership of the Communist Party of Vietnam (CPV). Talking to Vietnam News Agency (VNA) in Pretoria, Mapaila highlighted that Vietnam won the victory in the struggle for independence, putting an end to all forms of exploitation as well as hunger and poverty, and building a country of happiness and development. Vietnam has affirmed its position in the world arena, he noted, adding that at many major international forums such as the United Nations, Vietnam has gained an important position and expanded cooperation at the government level with many countries, while showing its role and progressive standpoints in international relations. Regarding the relationship … [Read more...] about South African party leader impressed by Vietnam’s achievements

Vietnam's real estate market continues to show strong appeal to foreign investors despite global economic difficulties. The foreign direct investment (FDI) into Vietnam’s real estate market in 2022 rose by over 70% yearly to US$4.45 billion, focusing on industrial and large-scale commercial projects, according to the Ministry of Construction (MoC). Real estate projects in Hanoi. File photo The MIC’s report suggested that real estate stands second among sectors with the highest FDI attraction in 2022, which showcases “the strong appeal of the market to foreign investors amid a difficult global economic environment.” Neil MacGregor, Managing Director of Savills Vietnam, echoed this view by saying foreign investors remain attracted to Vietnam, especially in production, retail, logistics, and real estate. He expected the attention from foreign investors would help the local real estate accelerate the recovery process this year. Regarding this sentiment, HSBC … [Read more...] about FDI to Vietnam’s real estate rises by over 70% in 2022

At the event (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh on February 2 asked the Government, ministries, agencies and localities to boost production and trade, deal with difficulties to be faced by businesses and people this month to achieve rapid and sustainable socio-economic development. Chairing the Government’s monthly teleconference with localities, PM Chinh said since the beginning of this year, the Government has followed the Party Central Committee’s conclusions, the National Assembly and Government’s resolutions and Party General Secretary Nguyen Phu Trong’s directions on 2023 socio-economic development. Ministries, agencies and localities have also drastically performed their assigned tasks. In January, macro-economic situation was basically stable. The consumer price index rose by 0.52% month-on-month and 4.89% year-on-year. As of January 17, credit growth hit 0.65% compared to the end of last year, meeting public demand before and during the … [Read more...] about PM chairs monthly teleconference with localities

ChatGPT and AI is set to boom in Vietnam In the early days of 2023, ChatGPT released by OpenAI is becoming popular all over the world. ChatGPT is a chatbot providing solutions to complex problems directly like composing essays, coding, and drafting business proposals. Within a few seconds after entering keywords, ChatGPT will provide text, images, audio, and other entertainment media in excellent quality. Just a few weeks after launching, this “super AI” has reached over 10 million users and has rapid growth. This success helps OpenAI negotiate an investment agreement worth $30 billion, more than double its valuation in 2021. After investing $1 billion in ChatGPT in 2019, Microsoft is planning to invest another $10 billion in exchange for 49 per cent of OpenAI's stake. This tech giant is considering integrating ChatGPT into Word, Powerpoint, Outlook, and even the Bing search engine to compete for market share with Google Search. Eric Boyd, CVP of AI Platform at Microsoft, … [Read more...] about ChatGPT and AI booms in Vietnam

Nen spoke highly of the diplomat’s performance, which he said has greatly helped enhance the friendship, solidarity, and cooperation between the two countries, including between Ho Chi Minh City and Cambodian localities, the Sai Gon Giai phong daily reported. He said he believes in new positions, Sok Dareth will continue dedicating to bilateral connections. Authorities at all levels of Vietnam and Cambodia should act more effectively to implement the guidelines and policies issued by high-ranking leaders so as to lift the two countries’ relations to a new height, the host official noted, affirming that Ho Chi Minh City is ready to do its utmost to develop bilateral ties more strongly. For his part, Sok Dareth thanked the Vietnamese Party and State, as well as authorities and people of Ho Chi Minh City for their support to his office and himself to fulfill duties. He congratulated the Southern metropolis on its achievements and applauded the local administration’s provision of … [Read more...] about Ho Chi Minh City leader highly values contribution by Cambodian Consul General