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In a report sent to shareholders ahead of the upcoming annual general meeting, the company said the revenue target is lower by 9% at VND20,000 billion. It had announced late February that the profit target was VND787 billion ($33.5 million). The report said the business plan for 2023 has been amended due to the "decline in the economy as well as consumer demand." It would improve its distribution channels and facilities and develop new product categories to improve market share, revenues and profits. A declining business outlook after two years of high growth is also the overall situation in the retail industry this year. Electronics store chain FPT Retail plans to seek shareholder approval to reduce its pre-tax profit by more than half to VND240 billion. In the last two years they had been VND554 billion (2021) and VND485 billion (2022). It cited difficulties faced by its consumer electronics chain FPT Shop, saying it could be more severely affected by adverse factors … [Read more...] about Digiworld cuts profit target by nearly half

People see some results of  project on enhancing women 's role in increasing the resilience o the coastal community and eco-system in the central region of Vietnam.(Photo: VNA) Thua Thien-Hue (VNA) – The Centre for Social Research and Development (CSRD) on March 29 held a workshop in the central city of Hue to summarise the results of its project on enhancing women’s role in increasing the resilience of the coastal community and eco-system in the central region of Vietnam. The 66,752 Euro (72,323 USD) project, sponsored by UP Transfer - Potsdam University of Germany, was implemented between 2021 and 2023. Its main components include building a mangrove nursery managed by the community and planting Sonneratia caseolaris (commonly known as mangrove apple) in the lagoon area of Hai Duong commune, Hue city. The project coordinated with the Women's Unions of communes near Tam Giang lagoon to organise communications activities on ecosystem-based natural disaster risk reduction … [Read more...] about Project proves women’s role in increasing community’s resilience to natural disasters

Vietnam’s engagement in U.N. resolution that urges the International Court of Justice (ICJ) to outline nations' legal obligations related to curbing climate change disasters and their impacts on vulnerable communities proves the country’s point of view, the ambassador said in a recent interview to the Vietnam News Agency right after the resolution was adopted on March 29. The resolution, co-sponsored by 132 countries, calls on the ICJ to lay out nations' obligations for protecting Earth's climate, and the legal consequences they face if they don't. The court's opinion would be non-binding. Giang described the adoption of the resolution as particularly significant. First, it shows the enormous consequences of climate change and the urgency to strengthen climate change response. Second, the urgency has become so great that it has attracted widespread international attention. Third, the adoption of the resolution by consensus shows the advantages of the multilateral approach, … [Read more...] about Vietnam emphasizes global multilateral approaches to solving climate change issues

It was part of activities to celebrate the 92nd founding anniversary of the Ho Chi Minh Communist Youth Union (March 26, 1931 - 2023). The program drew the participation of more than 300 young border troops of Kon Tum province and local people. During the program, the organizing panel conducted dissemination activities to raise the awareness of young generations about the national construction and defense, contributing to encouraging them to promote vanguard spirit for the community and work with the border guard force to build a border of peace and development. Meanwhile, various activities took place, including providing free health check-ups and medicines for local people; inquiring after and presenting gifts to border stations in Ngoc Hoi district and families of needy border troops; granting 10 scholarships to students; and giving 10 social welfare bags to ethnic families. In addition, Kon Tum youths cleaned up the environment along the border, attended the flag-raising … [Read more...] about “March in border area” program held in Kon Tum

On this occasion, the unit presented 129 national flags, 34 portraits of Uncle Ho, nearly 2.000 leaflets, and disseminated information about maritime border security and some legal documents about IUU fishing and the Law on National Border; Law on the Sea of Vietnam 2012; Law on Vietnam Border Guard; United Nations Convention on the Law of the Sea in 1982 (UNCLOS 1982), among others, to 85 vehicles and 928 fishermen. They also provided information about Prime Minister’s Dispatch No.732/CD-TTg, issued on May 28, 2017, and Directive No.45/CT-TTg, issued on December 13, 2017, among others. At the same time, the flotilla also mobilized the fishermen to operate at sea and pledge not to enter other countries’ fishing waters, while accelerating the implementation of IUU fishing prevention and law observance at sea. The program aimed to raise fishermen’s awareness of the State’s law observance, contributing to building the firm all people’s border defense. Translated by Minh Anh … [Read more...] about Law dissemination on IUU fishing prevention promoted

During a working session with the municipal authorities on March 29, ADB committed to loans for a 2023-2030 project on transport infrastructure in adaptation with climate change, including overpasses at five major intersections and others. Its total cost is estimated at about 4.9 trillion VND (199.6 million USD), of which 130.3 million USD was from ADB’s loans and the remainder from local budget. Nguyen Van Hong, Vice Chairman of the municipal People's Committee, suggested ADB prioritize the launch of a technical assistance package worth USD 200,000 for the green growth and climate change adaptation plan. The next priority should be given to transport projects. About a project on the upgrade of wastewater treatment plant, he proposed ADB continue sharing its experience with the city. Keiju Mitsuhashi, ADB Country Director and head of the working delegation, said ADB will soon draft a document agreeing on the lists, budgets, lending mechanisms and related issues for the city. … [Read more...] about ADB agrees on loans for important projects in Can Tho

Ambassador Dang Hoang Giang , Vietnam’s Permanent Representative to the United Nations (UN), as Vice-President of the UN General Assembly , adopts the resolution (Photo: VNA) New York(VNA) -  Ambassador Dang Hoang Giang, Vietnam’s Permanent Representative to the United Nations (UN), as Vice-President of the UN General Assembly, on March 29 chaired its discussion and vote on a resolution asking the International Court of Justice (ICJ) to define the obligations of states to combat climate change. The resolution was put forward by Vanuatu and a “core group” of 18 countries, including Vietnam. Under the resolution, UN member states requested the world court to give opinions on the obligations of states under international law to protect the environment against greenhouse gas emissions, as well as on legal responsibilities of countries which have caused negative impacts of climate change on many other countries. With this resolution, the ICJ will, for the first time, … [Read more...] about Vietnam contributes to resolution seeking ICJ’s act related to climate change

Hong Leong Bank of Malaysia  has operated in Vietnam since 2009. - Illustrative image (Photo: VNA) Kuala Lumpur, (VNA) – Former Malaysian Ambassador to Vietnam Dato Azmil Zabidi has highlighted the close relationship between the two countries, stressing that trade and tourism cooperation are potential areas that need to be promoted. In a recent interview granted to the Vietnam News Agency’s correspondents in Malaysia on the occasion of the 50th founding anniversary of diplomatic ties between the two countries (March 30, 1973-2023), Zabidi said the increasing trade turnover between Vietnam and Malaysia is an important achievement and a testament to the bilateral cooperation . “When I first go to Vietnam in 2011, the bilateral trade between Malaysia and Vietnam stood at about 6.6 billion USD, and then when I left at the end of January 2016, the figure has grown to somewhere between 11-12 billion USD, nearly double.”, Zabidi said This shows that bilateral trade has been … [Read more...] about Potential remains for Vietnam – Malaysia trade, tourism cooperation: former diplomat

Illustrative image (Photo: VNA) Hanoi (VNA) – Foreign small- and medium-sized enterprises (SMEs) are paying much attention to Vietnam, given the fact that the number of under-1-million USD projects accounted for nearly 70% of the total number of foreign-invested projects registered in Vietnam in the first three months of this year. According to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, in the first quarter, Vietnam attracted nearly 5.45 billion USD in foreign direct investment ( FDI ), down 39% year on year. Of the total, over 3 billion USD came from 522 newly-licensed projects, up 62% in a number of projects but down 6% in capital compared to the same period last year. Among these new projects, the combined capital of under-1-million USD projects accounted for only 2.2% of the total newly-registered investment. Meanwhile, some 1.2 billion USD was added to 228 existing ones, representing a hike of 3% in a number of … [Read more...] about Foreign SMEs pour capital into Vietnam

Fishing vessels off the coast of An Bien district, Kien Giang province (Photo: VNA) Kien Giang (VNA) – The Mekong Delta province of Kien Giang has intensified concerted measures to fight illegal, unreported and unregulated (IUU) fishing, as the fourth working session with the European Commission’s inspection team is nearing. Vice Chairman of the provincial People's Committee Le Quoc Anh said the province has investigated and punished all fishing vessels that were arrested abroad and violated IUU. All information have also been publicised on the mass media. The locality also launched crackdowns on violating vessels and those lacking the global positioning system (GPS), he said. According to the provincial Department of Agriculture and Rural Development, the total number of the fishing vessels with a length of 15m or more that are required to install GPS tracking devices is 3,691. So far, 3,624 vessels, or 98.2%, have installed these devices. IUU fishing , implement … [Read more...] about Kien Giang fights IUU fishing