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
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AI trend ChatGPT taking over Vietnam
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
Vietnam athletes offered $1mn for winning Paris Olympic gold medal
Vietnamese athletes will get US$1 million for each gold medal at the 2024 Paris Olympic Games, $500,000 for silver, and $200,000 for bronze. The bonuses, which are the biggest rewards ever offered in Vietnam’s sports history, result from a deal signed by the Vietnam Olympic Committee (VOC) and a strategic partner of the International Sports Funding & Support Association (ISF) in South Korea that will sponsor the entire amount. As per the agreement, some key Vietnamese athletes and teams will go to South Korea for training. Dang Ha Viet, general director of the General Sports Administration of Vietnam under the Ministry of Culture, Sports, and Tourism, affirmed the ISF support will create a 'golden' chance for Vietnam to elevate its rankings in the regional, continental, and global arenas. The 2024 Summer Olympics are scheduled to take place from July 26 to August 11, 2024 with Paris as its main host city alongside 16 other French cities. At the 2020 Tokyo Olympics held … [Read more...] about Vietnam athletes offered $1mn for winning Paris Olympic gold medal
Hundreds fall for post-Tet online scams
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
Over 1.9 million households still struggle with poverty: ministry
The survey showed that the overall national poverty ratio was 7.52%, with 4.03% being poor households and 3.49% being near-poor families. The highest poverty ratio based on the multi-dimensional poverty standards was in the northern midland and mountainous region, at 21.92%, followed by the Central Highlands at 15.39%, the north-central and central coastal region at 10.04%, the Mekong Delta region at 5.73%, the Red River Delta region at 2.45%, and the southeast region, 0.34%. The northern midland and mountainous region led in both ratios of poor and near-poor households (14.23% and 7.69%, respectively), while the southeast region reported the lowest ratios at 0.21% and 0.13%, respectively. The data of the survey serve a foundation for the ministry to decide poverty reduction and social welfare policies as well as other socio-economic policies in 2023. Under a government decree on the new multi-dimensional poverty standards for the 2021-2025 period, the income-based poverty … [Read more...] about Over 1.9 million households still struggle with poverty: ministry