According to Artillery Corps’ Commander Major General Nguyen Hong Phong, over the past time the Artillery Corps has well given recommendations to the Central Military Commission, the Ministry of National Defense, and the General Staff to issue guidelines, policies, and measures on building the artillery and militia forces. The corps has ensured artillery for combat readiness mission, training, combat, and search and rescue activities while directing, guiding, and checking the observance of combat readiness and training of artillery units. Concluding the working session, Senior Lieutenant General Pham Hoai Nam acknowledged and praised the Artillery Corps for its outstanding achievements in task implementation over the past time. Regarding missions in the first quarter of this year and the time to come, the Deputy Defense Minister asked the Artillery Corps to strictly grasp and implement orders on military and defense in 2023 of the General Staff and resolutions, directives, and … [Read more...] about Defense leader works with Artillery Corps
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Vietnamese tech workers high and dry amid layoffs in Silicon Valley
"This is the worst Tet (Lunar New Year) of my life," he said. The 27-year-old joined Google's new project development team in Silicon Valley last year after passing a series of rigorous interviews. This Tet , which began on January 22 this year, he took time off work to visit his family in Vietnam. On January 20, however, he received a shocking email dismissal letter. "Before I was fired, I didn't hear a word from the management team. I didn't have time to ask my coworkers what was going on because I was too busy with other things during Tet . I didn’t know what to tell my loved ones about this news," he lamented. Since his H-1B visa, a work visa with a cumulative maximum duration of six years, is set to expire in 60 days, he cut short his vacation and came back to the U.S. to complete the paperwork and get ready to start looking for a new job. Similar frustrations were felt by former Meta employee Hong Anh, who was in the U.S. with only a few weeks left on her visa … [Read more...] about Vietnamese tech workers high and dry amid layoffs in Silicon Valley
Starbucks profit rises despite hit from China
The Starbucks emblem on reusable coffee cup in Annapolis, Maryland, on February 2, 2023, ahead of earnings report.(Jim WATSON / AFP) The big coffee chain's results were a study in contrast between its two main markets, with North American comparable sales jumping 10 percent and China comparable sales slumping 29 percent. The results in the United States reflected a lift from "strategic" price increases that helped offset the impact of increased spending on wages and employee benefits. Acting Chief Executive Howard Schultz described the results as strong in light of "challenging global consumer and inflationary environments, a soft quarter for retail overall and the unprecedented, Covid-related headwinds that unfolded in China in Q1." Overall, profits rose 4.8 percent from the year-ago period to $855.2 million in the fiscal first quarter ending January 1. Revenues increased 8.2 percent to $8.7 billion. The profits translated into earnings per share of 75 cents, a bit below … [Read more...] about Starbucks profit rises despite hit from China
Amazon’s outlook disappoints as customer budgets stay tight
And while Amazon's holiday revenue beat Wall Street's expectations, the company believes sales growth in its long-lucrative cloud business will slow for the next few quarters, its chief financial officer told reporters. Shares fell 5% in after-hours trade, erasing most of their 7% gain before the market's close Thursday. Making a rare appearance on Amazon's quarterly call with financial analysts, Chief Executive Andy Jassy said "virtually every enterprise" was treading carefully on cloud and other costs in light of economic uncertainty. "We're going to help our customers find a way to spend less money," he said. "We're trying to build a set of relationships in business that outlasts all of us." Facing high inflation and recession fears, Jassy has embarked on extensive cost-cutting inside Amazon as well. Last month, the online retailer said more than 18,000 employees particularly in its commerce and human resources divisions would lose their jobs. It booked a $640 million … [Read more...] about Amazon’s outlook disappoints as customer budgets stay tight
General Staff reviews task performance in January 2023
The conference was attended by Deputy Chiefs of the General Staff Senior Lieutenant General Huynh Chien Thang, Senior Lieutenant General Phung Si Tan, Lieutenant General Nguyen Doan Anh, Lieutenant General Nguyen Van Nghia, and Major General Pham Truong Son. In the previous month, the General Staff directed its affiliated units to strictly maintain combat readiness, grasp local situations and address arising issues, contributing to firmly protecting national sovereignty. They also closely worked with relevant forces; observed all directives of of the Secretariat, the Prime Minister and the Directive of the Minister of National Defense on combat readiness and well organized activities in celebration of the lunar New Year 2023 (Tet) with absolute safety. During the Tet holiday, the General Staff extended greetings and inspected combat readiness in some military units, made good preparation for training work in 2023, mobilized troops in response to natural disasters and search and … [Read more...] about General Staff reviews task performance in January 2023
2022’s land, water surface rents reduced for COVID-19-affected people
Illustrative image (Photo: VNA) Hanoi (VNA) – Land and water surface rents in 2022 will be reduced by 30% for lessees that were affected by the COVID-19 pandemic under a decision recently signed by Deputy Prime Minister Le Minh Khai . Under Decision 01/2023/QD-TTg, the 30% reduction is applicable for organisations, units, enterprises, households and individuals that directly lease land and water surface from the State under a decision or contract or certificate of land use rights, ownership of houses and other land-attached assets of competent state agencies in the form of land rental with annual payment. This regulation is not applied for land and water surface rents owed in the years before 2022, or late payment./. VNA … [Read more...] about 2022’s land, water surface rents reduced for COVID-19-affected people
FDI to Vietnam’s real estate rises by over 70% in 2022
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
☕ Afternoon briefing on February 2
Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency. - 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. Read full story - Ambassador Dang Hoang Giang, Permanent Representative of Vietnam, and Ambassador Dennis Francis Smith, Representative of Trinidad and Tobago to the United Nations (UN), on behalf … [Read more...] about ☕ Afternoon briefing on February 2