Year ahead for aries 2018

It targets revenues of VND9.531 trillion, a 15% decline, it said in documents it circulated ahead of its annual general meeting in late May. It does not plan to pay dividends for last year and this year despite having undistributed profits of around VND13 trillion. Last year it reported after-tax profits of VND2.181 trillion on revenues of VND11.15 trillion, down 37% and 26%. At the end of last year it had assets of VND257.7 trillion and liabilities VND213 trillion. PwC Vietnam, its auditor, has expressed doubts about Novaland’s ability to remain a going concern, but the company has claimed it has adequate working capital and can meet all its obligations in the next 12 months. Novaland chairman Bui Thanh Nhon was quoted in the annual report as saying "The company is temporarily facing short-term financial and liquidity difficulties," but it would recover in the third quarter of this year thanks to its restructuring in late 2022. According to the company’s management, it … [Read more...] about Novaland profit to fall by 90% to smallest in 8 years

SYDNEY - Australia said on Thursday it planned to regulate artificial intelligence (AI) including a potential ban on deep fakes and realistic-looking but false content, amid concerns the technology could be misused. The move comes on the heels of a meeting of top AI executives earlier this week when they raised the "risk of extinction from AI" and urged policymakers to equate it to risks posed by pandemics and nuclear war. "There is clearly, in the community, a concern about whether or not the technology is getting ahead of itself," Industry and Science Minister Ed Husic told ABC television. A report by Australia's National Science and Technology Council released on Thursday showed AI-generated content could be misused in parliamentary consultations by creating a flood of submissions to mislead public opinion. "Governments have got a clear role to play in recognising the risk and ... putting curbs in place," Husic said. Australia was among the first countries regulate AI, … [Read more...] about Australia says tougher laws needed on artificial intelligence

Illustrative photo (Photo:VNA) Hanoi (VNS/VNA) - Vietnam will play a friendly match against Syria on June 20 at northern Nam Dinh province's Thien Truong Stadium for FIFA Days. Syria is ranked No 90 in the world rankings, five places above Vietnam. Their best known player is striker Omar Khribin. The 29-year-old is playing for Emirati Shabab Al Ahli on loan from Al-Wahda (Abu Dhabi) in the UAE. Other quality players are defender Abdul Weiss, midfielders Oliver Kawo and Simon Amin and winger Amma Ramadan. In 2018, Syria almost qualified for the World Cup, advancing to the play-off where they were ousted after losing to Australia. At the upcoming Asian Cup finals, Syria is in pod three with Vietnam, Bahrain, Palestine, Kyrgyzstan and Lebanon. The team is under coach Hector Cuper who worked at European clubs such as Valencia, Inter Milan, Real Betis and Parma. At the national level, he has led Egypt, Uzbekistan and Congo before landing in Syria. Vietnam has played … [Read more...] about Vietnam to host Syria on FIFA Days in June

At the talks, Vice President and Secretary General of the VFF Central Committee Nguyen Thi Thu Ha affirmed the fruitful relations between the two sides, with the signing of cooperation documents. The two sides briefed each other on operations of their front organizations, and compared notes on cooperation orientations and contents in the time ahead. Nhem Valy, Permanent Vice Chairman and Secretary General of the National Council of the Solidarity for the Development of Cambodian Motherland, held that the talks will help the two front organizations better understand each other, thus helping deepen the friendship and solidarity between Vietnam and Cambodia. The official noted his hope that following the sixth international conference on building a shared border of peace, friendship and cooperation for development between Vietnam and Cambodia, which was held in Vietnam’s Mekong Delta province of An Giang last year, the 10 provinces that share the border line will continue completing … [Read more...] about Vietnamese, Cambodian front organizations forge cooperation

At a working session with the Standing Board of the provincial Party Committee as part of his visit to the northern mountainous locality, Prime Minister Pham Minh Chinh said Ha Giang boasts unique potential and competitive advantages to grow rapidly and sustainably. “Ha Giang should always desire for rapid, green, sustainable development,” he said, asking the locality to optimize its strengths and opportunities to growth further. The Prime Minister urged Ha Giang to accelerate public investment disbursement, drastically implement the national target programs and the socio-economic recovery and development program, and push ahead with the materialization of strategic breakthroughs in institution, infrastructure and personnel training. At the same time, more attention should be paid to the growth engines of investment, consumption and export, he said, asking the locality to restructure its industrial sector, and develop hydro-electricity in tandem with the rational use of water … [Read more...] about Prime Minister asks Ha Giang to pave way for development with mechanisms, policies

He said that all shipments of fresh lychee arriving at the border gate are given priority to be cleared before other types of goods, adding that the office strives to provide the best condition for exporters to speed up customs clearance. To support the export of the fruit, the Management Board of Lao Cai Border Economic Zone has directed units at the border gate to arrange for staff to begin shifts early to ensure all procedures are completed within one day. Ahead of the lychee season, the board held discussions with the Chinese side to tackle obstacles to facilitate the export of Vietnamese agricultural products. Hoang Minh Du, deputy head of the border station based at Kim Thanh II International Border Gate, said that before the lychee season, the unit had devised a plan to regulate traffic and asked soldiers on duty at the border gate to give priority to trucks carrying lychee fruit. When vehicles arrived at the border area, they were guided to avoid traffic jams even during … [Read more...] about Over 5,000 tons of fresh lychee shipped to China via Lao Cai border gate

Prime Minister Pham Minh Chinh shakes hands with local leaders. (Photo: VNA) Ha Giang (VNA) – Ha Giang province needs to better the drawing of mechanisms and policies, and reform administrative procedures in order to pave way for development and lure investments, especially in its priority areas and products, Prime Minister Pham Minh Chinh said on May 28. At a working session with the Standing Board of the provincial Party Committee as part of his visit to the northern mountainous locality, Chinh said Ha Giang boasts unique potential and competitive advantages to grow rapidly and sustainably. “Ha Giang should always desire for rapid, green, sustainable development,” he said, asking the locality to optimise its strengths and opportunities to growth further. The PM urged Ha Giang to accelerate public investment disbursement, drastically implement the national target programmes and the socio-economic recovery and development programme, and push ahead with the … [Read more...] about PM asks Ha Giang to pave way for development with mechanisms, policies

Projections from the report suggest that by 2027, the number of UHNWIs in Vietnam will approach 1,300, representing a further 22 per cent increase from the current level and a staggering 122 per cent growth over a 10-year period. Vietnam sees 82 per cent rise in ultra-high-net-worth individuals, illustration photo Moreover, Vietnam's high-net-worth individuals, or defined as individuals with assets exceeding $1 million, have also seen a substantial rise, with a 70 per cent increase over the past five years. It is expected that this segment will experience a remarkable surge of 173 per cent over the span of a decade, from 2017 to 2027. This shift in the affluent and super-rich population in Vietnam aligns with the broader trend of prosperity across Asia. Singapore, Malaysia, and Indonesia have emerged as the markets with the fastest-growing population of UHNWIs, experiencing growth rates of around 7-9 per cent. In the Asia-Pacific region, the number of these … [Read more...] about Vietnam sees 82 per cent rise in ultra-high-net-worth individuals

Like a rising number of her highly educated peers, Liang keeps trading down to try and find a source of income in China's worst youth job market on record. "Finding a job has been really difficult," said the 25-year-old, who lives with her parents in the northern industrial city of Taiyuan. "I told my family that I'm willing to take up manual labor and my mum straight-up cried. She felt so sorry for me." Economists expect such examples to become increasingly common in coming years, as a glut of university graduates and a shortage of factory labor due to an aging workforce deepen China's job market imbalances. Youth unemployment hit a record 20.4% in April, and a new high of 11.58 million university students are due to graduate this summer. All are competing for jobs in what remains one of the world's fastest-growing major economies, but whose manufacturing-heavy structure is increasingly out of step with the aspirations of its younger generations. The industries most … [Read more...] about Chinese graduates lower their ambitions in moribund jobs market

Hotel supply in Vietnam has tripled over the past decade, photo Le Toan According to a report by DKRA Vietnam, the supply of villas and town houses across the country continued to decrease from the end of the second quarter of 2022. Specifically, in April only two projects were opened for sale, providing 12 apartments to the market, down 69 per cent from the previous month and down 98 per cent compared to the same period last year. Particularly, the Central region recorded the fourth consecutive month that no new projects were introduced to the market. “It is expected that in the next few months, supply and demand may increase slightly. However, the market will not have obvious fluctuations with key transactions, except from expected transactions on Phu Quoc island,” according to DKRA’s report. The primary selling price did not alter greatly compared to the previous month. Instead, investors have aggressively launched discounts up to 30-40 per cent to stimulate market … [Read more...] about Second home real estate on the slow path to recovery