Dow will hit 1 million in 100 years

A view of Nhon Trach 1 and Nhon Trach 2 power plants in Dong Nai. — Photo pvpower.vn PetroVietnam Power Corporation (PV Power) reported post-tax profit of VND1.159 trillion (over US$49.56 million) in the first six months of this year, surpassing the target set for the entire year by 56 per cent. This year, PV Power's profit plan has been adjusted down from its previously announced level. Therefore, its first-half post-tax profit, despite representing an annual decrease of 19 per cent, still exceeded the yearly goal. Also in the period, its electricity output reached 7.1 billion kWh, reducing by 25 per cent year-on-year. Nguyen Dinh Thi, head of PV Power's economic planning department, said that with such output decrease, the company’s revenue amounted to VND14.865 trillion, equaling 61.3 per cent of the yearly plan but down five per cent compared to the same previous last year. Meanwhile, mobilised electricity prices in the first half increased sharply, even hitting … [Read more...] about PV Power’s first-half post-tax profit nears $50 million

Illustrative image. (Photo: SGGP) There were around 410,300 people aged 15 – 24 without a job during the period, accounting for 36.8 percent of the total figure, Pham Hoai Nam, Director of the GSO’s Department of Population and Labor, told the press conference held to announce the Q2 and H1 labor market updates. The unemployment rate among persons of this age group living in urban areas was 9.21 percent, a year-on-year drop of 0.76 percentage point, he added. Both unemployment and underemployment rates declined in Q2 compared to the previous quarter and the same period last year, GSO Deputy General Director Nguyen Trung Tien said. The Q2 employment went up quarter-on-quarter and year-on-year, with a considerable rise reported in the service sector, Tien noted, adding that monthly average wage per person also increased. Data from the GSO shows that the underemployed population was estimated at over 1.1 million, a year-on-year decrease of 30,200. The underemployment rate in … [Read more...] about Unemployment, underemployment drop in H1

Apart from giving health examination, and diagnosis, doctors, nurses, and young intellectuals of Economic-Defense Unit 337 offered Huong Linh commune’s people medicines worth over VND 100 million. During the one-day event, the organizers and local medical force raised the public’s awareness of individual sanitation, disease prevention and control, healthy diet and drinking habits, and environmental protection. The activity was part of the unit’s volunteer youth campaign in summer 2022 and among the activities to take care of and protect people's health. Such an activity helps strengthen the solidarity and cohesion between the military and local party committee, authorities and people. Translated by Chung Anh … [Read more...] about Economic-Defense Unit 337 provides free medicines for Quang Tri people

Vietnam and Russia affirmed the role of each country in the other’s diplomacy and in the global forums. Russian Foreign Minister Sergei Lavrov told Vietnamese top leaders that Vietnam is one of Russia’s important and trustworthy traditional partners in Asia-Pacific. General Secretary of the Communist Party of Vietnam Nguyen Phu Trong and Russian Foreign Minister Sergei Lavrov in Hanoi on July 6. Photos: VNA, Baoquocte Lavrov stressed the view at meetings with General Secretary of the Communist Party of Vietnam Nguyen Phu Trong, Prime Minister Pham Minh Chinh, and Foreign Minister Bui Thanh Son in Hanoi on July 6. “Naturally, our friendship and our solidarity are based on deep historical roots,” Lavrov said at the meeting with Prime Minister Pham Minh Chinh, Russia News Agency reported. The Russian FM expressed his hope that the two countries will continue making efforts for effective results of the Comprehensive Strategic Partnership which entered its … [Read more...] about Vietnam listed among Russia’s most trustworthy partners in Asia-Pacific: Sergey Lavrov

At the PVPower's Nhon Trach 2 thermal power plant (Photo: VNA) Hanoi (VNA) - PetroVietnam Power Corporation (PV Power) reported a post-tax profit of 1.159 trillion VND (over 49.56 million USD) in the first six months of 2022, surpassing the target set for the entire year by 56%. This year, PV Power 's profit plan has been adjusted down from its previously announced level. Therefore, its first-half post-tax profit , despite representing an annual decrease of 19%, still exceeded the yearly goal. Also in the period, its electricity output reached 7.1 billion kWh, reducing by 25% year-on-year. Nguyen Dinh Thi, head of PV Power's economic planning department, said that with such output decrease, the company’s revenue amounted to 14.865 trillion VND, equaling 61.3% of the yearly plan but down 5% compared to the same previous last year. Meanwhile, mobilised electricity prices in the first half increased sharply, even hitting 2,000 VND per kWh sometimes. In the … [Read more...] about PV Power’s first-half post-tax profit nears 1.16 trillion VND

Office workers withdraw money from an ATM. (Photo: VNA) In particular, workers in the processing - manufacturing industry had average income of VND7.3 million, rising by some VND476,000 year on year, while salary earners saw an increase of VND417,000 in their monthly income to VND7.4 million Pham Hoai Nam, Director of the Population and Labor Statistics Department under the General Statistics Office, told a press meeting in Hanoi on July 6. In the second quarter, all the 21 economic sectors recorded year-on-year hikes in workers’ average income, including mining (VND9.7 million, up 17.1 percent) and processing - manufacturing (VND7.4 million up 12.4 percent). He said during 2019 - 2021, workers’ income in Q2 often declined from the previous quarter since additional earnings coming from year-end extra work and Lunar New Year bonuses are usually paid in Q1. However, the situation was different this year, when the Q2 average income did not decrease but went up both quarter on … [Read more...] about Workers’ average monthly income grows 5.3 percent in H1