The profit was 2.5 times higher than the target set by the Ministry of Education and Training and the highest earnings in the publisher's history. In previous years, the publisher's after-tax profit hovered between VND120-150 billion a year. A recently released business report says the publisher printed more than 164 million textbooks last year, exceeding the annual target by about 40 percent. Its earned total revenues of VND1.8 trillion, over 97 percent of which came from book publishing. The company had a return on equity (ROE) of 39.9 percent and a return on total assets (ROA) of 17.9 percent. The publisher's seven subsidiaries also reported profits totaling VND46 billion. Another factor in the improved performance was the increase in textbook prices. In the 2020-2021 school year, the prices of textbooks were two to four times higher under the new general education program. The publishing house explained that prices went up because the cost of all four components - … [Read more...] about Vietnam textbook publisher reports record net profit
World guinness book of world records
Lao national academy includes Ho Chi Minh’s complete works into curriculum
The Lao version of the Ho Chi Minh's complete works (Photo: VNA) Vientiane (VNA) – The Lao National Academy of Politics and Public Administration on July 1 announced and guided the teaching and studying of Ho Chi Minh's complete works with a collection of 15 books and a Ho Chi Minh study dictionary at the facility. At the event, Dr. Khamla Keoounkham, vice director of the academy, said that the teaching and studying of the works has a practical meaning, creating favourable conditions for researchers, scholars and teachers as well as other people interested in President Ho Chi Minh's ideology to access the late Vietnamese leader’s works. He highlighted the viewpoints in the Ho Chi Minh ideology, underlining they have guided Vietnam’s development towards socialism with Marxism-Leninism playing the role as revolutionary theory. In his works, President Ho Chi Minh showed a pure diplomacy spirit with the famous words of “helping our friends is helping ourselves,” said … [Read more...] about Lao national academy includes Ho Chi Minh’s complete works into curriculum
Hundreds of flights axed as US kicks off long holiday weekend
As of mid-afternoon, with Americans gearing up for July 4 Independence Day celebrations, more than 600 flights within, into, or out of the United States had been canceled, and more than 3,300 were delayed, according to flight tracking service flightaware.com. The numbers on Friday were grim as well, with 587 U.S. flights scrapped among a global total of 3,061 cancellations, the site said. Sunday was also looking problematic, with more than 100 flights already canceled. The airport chaos is prompting a record level of road travel by Americans seeking to dodge flight trouble, a travel industry group said. For days, amid a surge in travel as summer rolls in, horror stories have abounded as travelers were stranded at airports, enduring odysseys to reach their destinations. The airline industry was devastated in the early stages of the Covid-19 pandemic as people stayed close to home, but air travel has rebounded as health measures were eased. And although federal Covid-19 relief … [Read more...] about Hundreds of flights axed as US kicks off long holiday weekend
Dozens missing in shipwreck during Chaba typhoon
An engineering vessel that was 160 nautical miles southwest of Hong Kong "suffered substantial damage and broke into two pieces" and the 30-member crew abandoned ship, according to the Hong Kong Government Flying Service. Three people had been rescued as of 3:00 p.m. local time (0700 GMT) and were taken to hospital for treatment, authorities said. Dramatic footage provided by Hong Kong authorities showed a person being airlifted onto a helicopter while waves crashed over the deck of the semi-submerged ship below. The three survivors said other crew members may have been swept away by waves before the first helicopter arrived, according to a government statement. Typhoon Chaba earlier formed in the central part of the South China Sea, which Vietnam calls the East Sea, and on Saturday afternoon made landfall in Guangdong province in southern China. Rescuers in Hong Kong were notified of the incident at 7:25 a.m. local time (2325 GMT on Friday) and found the ship near Chaba’s … [Read more...] about Dozens missing in shipwreck during Chaba typhoon
Tesla deliveries fall with temporary closure of China factory
Elon Musk's enterprise delivered 254,695 vehicles from April to June, it said in a statement. That's 27 percent more than the same period a year ago but down 18 percent from the January-to-March quarter of 2022 and the first such decline in more than two years. This marks a disappointment for a company that says it is posting strong growth, touting the opening of two new factories this year, in Germany and Texas. The drop in deliveries was bigger than that anticipated by analysts, who had expected 264,000 vehicles to be handed over to buyers, according to FactSet, a financial data and software company. Tesla warned in April that supply chain snarls hitting the auto industry in general would keep disrupting the company's production until the end of the year. Still, it delivered a record number of cars in the first quarter of 2022. But in the second quarter Tesla had to grapple with the closure of its Shanghai factory for several weeks because of strict lockdown measures in … [Read more...] about Tesla deliveries fall with temporary closure of China factory
Vietjet reopens Hanoi – Busan (RoK) air route
A Vietjet flight (Source: Vietjet) Hanoi (VNA) - Budget airline Vietjet Air on July 1 resumed its air route linking Hanoi and Busan, a beautiful coastal city in the Republic of Korea (RoK). Initially, Vietjet will operate three return flights per week on Wednesdays, Fridays and Sundays, which will be made daily from July 12. On the occasion, the airline has offered a an unprecedented price of 280,000 VND (12 USD) per leg, excluding taxes and fees, for tickets in air routes between Vietnam and the RoK. Tickets are available for sale with many promotions every day on website www.vietjetair.com, Vietjet Air mobile app, Facebook www.facebook.com/vietjetvietnam or nationwide and international tickets offices and official agents. In particular, when booking and paying via Vietjet SkyClub, passengers can enjoy free payment fees. Not only having beautiful beaches with stretching white sand and charming natural scenery, the coastal city of Busan is also an endless shopping … [Read more...] about Vietjet reopens Hanoi – Busan (RoK) air route
Bright outlook predicted for rice exports
Vietnam exports nearly 2.77 million tonnes of milled rice in the first five months of 2022. (Photo: VNA) Hanoi (VNA) – As many countries in the world have limited food exports to guarantee domestic food security , rice – a staple in most of Asia – is forecast to witness surging prices in the time ahead, which is said to be a chance for Vietnam – one of the world’s largest rice exporters. Vu Thi Hue, head of the export - import division of the Dai Duong Xanh Export - Import Co. Ltd, said while lower wheat output and higher production costs have forced many countries to seek alternatives, rice is a suitable choice with good prices. So a bright prospect could be seen for both export volume and prices in the time ahead. In the first five months of 2022, nearly 2.77 million tonnes of milled rice worth over 1.35 billion USD were shipped abroad, rising 6.6% in volume but declining 4% in value year on year, according to preliminary data from the General Department of Vietnam … [Read more...] about Bright outlook predicted for rice exports
New milestone in Vietnam’s relations with Hungary, UK
The five-day visits of Vietnam’s National Assembly Chairman Vuong Dinh Hue to Hungary and the UK marked a new milestone in bilateral relations, eventually contributing to the Vietnam-EU partnership. The Chairman’s official visit to Hungary was significant amid the 72nd anniversary of diplomatic relations and approaching the five-year mark of the comprehensive partnership (2018 – 2023). In addition, Hungary was Vietnam’s first comprehensive partnership in Central and Eastern Europe, as the former has been actively supporting Vietnam in both multilateral frameworks and also in Vietnam-EU relations. NA Chairman Vuong Dinh Hue and Hungarian Prime Minister Viktor Orban. Source: VNA It was noted worth mentioning that Hungary was the first among EU members that ratified the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA). Chairman of the NA’s Foreign Affairs Committee Vu Hai Ha said meetings between Chairman … [Read more...] about New milestone in Vietnam’s relations with Hungary, UK
Viettel and NVIDIA sign MoU on AI cooperation
Viettel is the first enterprise in Vietnam and also one of the five enterprises in Southeast Asia to officially set up a strategic partnership with NVIDIA – one of the world’s largest AI service solution provider corporations in the world. Promoting cooperation with leading partners in the world, especially NVIDIA, reflects Viettel’s high determination to invest in AI development. These activities aim to help Vietnam reach the Prime Minister’s target set in the national strategy on AI research, development, and application by 2030, as well as to attain the goal of being among the Top 5 leading countries in ASEAN and the Top 60 nations in the world in term of AI research, development and application. The strategic cooperation between Viettel and NVIDIA is expected to speed up AI research and application in various fields, including computer vision, natural language processing, digital twin, robotics, and others. Under the deal, Viettel will join the NVIDIA Partner Network, marking … [Read more...] about Viettel and NVIDIA sign MoU on AI cooperation
Da Nang strives to develop itself into ‘liveable’ city
The Golden Bridge offers a check-in for tourists visiting the Sun World Ba Na Hills in Da Nang. The city has been designed as a liveable urban city. (Photo courtesy of Sun Group) Da Nang (VNS/VNA) - With stable growth in the economy, infrastructure, urban management, tourism and investment attraction, the central city of Da Nang is challenging to develop into a ‘liveable’ city of regional and global status. Economist Vo Tri Thanh said at a seminar on how to develop Da Nang as a destination and a liveable city in Vietnam and region, emphasising that the central city had not yet approached the ‘liveable’ standard and it needed much progress to reach the target. Thanh said Da Nang had been known as a favourite destination in Vietnam but was not yet a ‘worth living’ location in terms of enjoyment, relaxation, and entertainment. “A ‘liveable’ city requires maximising consumption, commodities, working places while promoting a ‘green’ environment, humanity, safe, smart and … [Read more...] about Da Nang strives to develop itself into ‘liveable’ city