Using atr to set profit target

The railway sector is striving to escape losses and divest capital in many companies in 2023, the Committee for Management of State Capital at Enterprises said about the Project on Restructuring Vietnam Railways (VNR) from 2021 to 2025. A train of Vietnam Railways. Photo courtesy of VNR The project has identified and evaluated the achievements and limitations on the basis of a comprehensive assessment. The restructuring of VNR in 2016-2020 includes the production and business performance, the level of safety, security and defence, development and investment, science and technology and digital transformation. It also sets out goals and plans for the restructuring of the corporation in 2021-2025, aiming at innovation, improved corporate governance, effective exploitation of resources, and enhanced labour productivity. Additionally, VNR tries to achieve and exceed the targets assigned by competent authorities, fulfil the obligation to pay the State budget, … [Read more...] about Railway sector sets plans to avoid losses this year

Kaspersky launches Kaspersky Extended Detection and Response platform to combat targeted ransomware in Viet Nam in HCM City earlier this week. — Photo courtesy of the firm Kaspersky unveiled its Kaspersky Extended Detection and Response platform which aims to mitigate the costly threat of targeted ransomware for businesses in Viet Nam in HCM City earlier this week. Ransomware – the malware that locks a device or files – continues to evolve in quality and quantity. Last year, the global cybersecurity company noted the almost two-fold (181 per cent) increase in ransomware encountered daily, which translates to 9,500 encrypting files per day globally. The malicious actors behind these attacks also continue to sharpen their tactics and tools to earn more. There has been a rise of targeted ransomware groups who have added other extortion methods – reselling the data or files they have hacked, conducting DDoS attacks against their victim or the victim’s customers, or using the same … [Read more...] about Kaspersky launches XDR platform to combat targeted ransomware in Viet Nam

Illustrative image (Photo: vietnamnet.vn) Hanoi (VNA) – A conference to review the first phase of the programme on the transition to Internet Protocol version 6 for state agencies (IPv6 for Gov) and discuss the implementation of the second phase of the plan was held at the Vietnam Internet Network Information Centre (VNNIC) in Hanoi on March 28. IPv6 for Gov’s first phase, which was performed in 2021-2022, focused on state agencies. Half of the ministries, agencies, and localities were set to adopt IPv6 transitional plans and successfully shift towards IPv6 for their portals. All of them are expected to roll out the plans in the second phase in 2022-2025. In Vietnam, the IPv6 transition in networks, services, applications, and software is an evolution that ensures Internet resources capacity and security requirements to support digital transformation and the development of e-government and smart city services. IPv6 is expected to meet Vietnam’s demand to offer new and quality … [Read more...] about Vietnam targets 100% of Internet subscribers using IPv6 service by 2025

The first phase of IPv6 for Gov, conducted between 2021 and 2022, primarily focused on State agencies. (Illustrative image) — Photo vietnamnet.vn The Vietnam Internet Network Information Centre (VNNIC) hosted a conference on Tuesday to evaluate the initial phase of the transition to Internet Protocol version 6 for State agencies (IPv6 for Gov) and to plan for the programme's second phase. The first phase of IPv6 for Gov, conducted between 2021 and 2022, primarily focused on State agencies. Half of all ministries, agencies, and localities were targeted to adopt IPv6 transitional plans and successfully shift towards IPv6 for their portals. It is expected that all of them will roll out their plans during the second phase between 2022 and 2025. The transition to IPv6 in networks, services, applications, and software is an evolution that ensures the capacity of internet resources and security requirements in Viet Nam. This is vital to support the nation's digital transformation and … [Read more...] about Viet Nam targets 100 per cent usage of IPv6 service by 2025

The absence in adjustment of power rates, tuition, and hospital fees contributed to an extremely low growth rate of GDP in 2020–2021 or an excessively high one in 2022, as well as relatively moderate inflation throughout 2020–2022. In the first two months of 2023, average core inflation climbed to 5.08 per cent, outpacing the average consumer price index (CPI) growth of 4.6 per cent. Dr. Vu Dinh Anh - Market Price Research Institute Ministry of Finance For 2023, public investment is seen as an economic boost. Investment capital generated from the state budget in February 2023 was anticipated to be almost $1.3 billion, an increase of 36.9 per cent compared to the same month last year. The expected amount of newly registered foreign direct investment up to February 20 was $1.76 billion, which was 2.8 times more than that in the same period in 2022. Slowdown in industrial development and a lack in investment capital are barriers that must be resolved to prevent a downturn … [Read more...] about Focused spending can set a solid base for positive outcome

Bangkok (VNA) – Thai police on March 22 announced that they had arrested 20 suspects, including five Indians and 15 Thais, for alleged involvement in a phone scam network preying on elderly Americans. According to local police, the scammers were arrested in Chon Buri, Rayong, Roi Et and Surat Thani on March 21, adding that all five of the Indian suspects were men and 11 of the 15 Thais detained were women. The police also seized 162 bank account books, 61 mobile phones, two cars, one pistol, land title deeds and other assets. The investigation dates back to last year, when US Federal Bureau of Investigation (FBI) and Secret Service agents informed Thai police that Indian cyber criminals and Thai nationals had set up a phone scam network to trick elderly people in US into transferring money to them. The fraudsters, pretending to be US law-enforcement officials, preyed on the fear of their victims by telling them that they were being investigated for alleged money … [Read more...] about Thailand arrests phone scam gang targeting elderly Americans

HCM City is one of three localities that have piloted the use of e-invoices generated from cash registers. — Photo baochinhphu.vn The People's Committee of HCM City has urged various departments and agencies to take steps to expedite the use of e-invoices generated from cash registers in order to meet the set roadmap. The municipal Department of Taxation has been directed to collaborate with departments, sectors, the people’s committees of Thu Duc City and districts, and relevant units to put the scheme into action. Emphasis has been placed on tackling obstacles linked to policy, professional process, and software application in the plan, as well as boosting communication campaigns to raise taxpayers’ awareness of the advantages of using e-invoices generated from cash registers. The municipal Department of Planning and Investment has been assigned the responsibility of notifying and instructing businesses, business households, and individuals to register for the use of … [Read more...] about HCM City speeds up use of invoices generated from cash registers

The country should have a high level of urbanization comparable to ASEAN and Asia by 2045. Vietnam aims to have at least five cities of international caliber to serve as locomotives for regional and international development networks by 2045, according to an action plan released by the Ministry of Construction (MoC) recently. Under the action plan, the ministry will execute two resolutions, one by Politburo and the other by the Government, on the sustainable development, management, and construction of urban areas in Vietnam by 2030 with a vision for 2045. Hanoi from above. Photo: Huu Thang The country plans to build a high level of urbanization comparable to ASEAN and Asia by 2045. The urban system would be integrated, balanced, and sensitive to climate change, natural disasters, and epidemics, while promoting environmental protection and distinctively modern architecture with green and smart elements, according to the action plan. Other key targets … [Read more...] about Vietnam aims for five international-standard cities by 2045

La Gan offshore wind power project. Viet Nam has many favourable conditions to create a thriving offshore wind industry. — Photo vietnamplus.vn Offshore wind is a great dual opportunity for Viet Nam, helping deliver green and cost-efficient energy for the continued economic development of the country and at the same time support Viet Nam in achieving its net-zero by 2050 commitment made in COP 26. Nicolai Prytz, Denmark ambassador to Viet Nam, made the statement at the workshop “Promoting Viet Nam’s Offshore Wind Power Development: International Best Practices and Policy Recommendations” held in Ha Noi on Thursday. Viet Nam has many favourable conditions to create a thriving offshore wind industry: a long coastline, ample wind resources, relatively shallow seabed areas suitable for fixed foundations, and a well-established supply chain that can be used almost immediately or transition relatively quickly to support many parts of the construction process and associated … [Read more...] about Dual opportunity for Viet Nam in offshore wind industry development

A customer shops for mobile phones at a Mobile World store. For Mobile World (MWG), Q4 profit after tax dropped sharply by 60.4% year-on-year to 619 billion VND, a multi-year low. (Photo: thegioididong.com) Hanoi (VNS/VNA) - Retail stocks have dropped significantly due to the decline in business results in the context of the global economic recession and high interest rates. Mobile World (MWG) and Digiworld (DGW) are both hovering around the long-term bottom with a drop of more than 50% from the peak. Petrosetco (PET) has been almost flat since the beginning of February while Petrosetco Distribution JSC (PSD) is finding the bottom. This duo has dropped by 60-65% of the market price compared to their peak. The Phu Nhuan Jewelry Group (PNJ) and FPT Retail (FRT) have been struggling since the end of January. These two stocks have fallen by 16% and 38% respectively from the peak. The recent plunge in retail stocks partly came from the decline in business results. … [Read more...] about Retail stocks drop amid economic downturn and high interest rates