Goal of financial management

HCMC-based Ton Duc Thang University jumped 17 places from last year to 165th on the list of 780 most sustainable educational institutes in the world for 2019 while province rivals Tra Vinh University soared 35 spots to 221st. The metric, launched in 2010, grades universities on their setting and infrastructure, energy efficiency and climate change, waste treatment management, water usage, transportation system, as well as education and research programs. Ton Duc Thang University scored high in education and research while Tra Vinh University impressed with its transportation system and energy efficiency. An initiative of the University of Indonesia, the ranking aims to draw the attention of university leaders and stakeholders to combating climate change and resource conservation by assessing current conditions and policies. Wageningen University & Research in the Netherlands topped the ranking, followed by the University of Oxford in the U.K. and the University of California in the … [Read more...] about Vietnamese universities soar up global sustainable development ranking

  Argentina's new President Alberto Fernandez flashes the victory sign during the inauguration ceremony at Plaza de Mayo square in Buenos Aires on Tuesday. —AFP/VNA Photo BUENOS AIRES — Centre-leftist Alberto Fernandez vowed to put his people first ahead of debt repayments after he was sworn in as Argentina's president on Tuesday to singing and applause from lawmakers and supporters. After taking over from the market-friendly Mauricio Macri, Fernandez sent a message to the International Monetary Fund, saying "it's impossible to pay external debt without growth." Fernandez, whose vice president is controversial former leader Cristina Kirchner, will preside over a country beset by recession, high inflation, rising unemployment and poverty. While the South American country wants to pay back its debt, it doesn't have "the means to do so," he said, promising to deal with Argentina's social emergency. Fernandez was swept to power in large part due to a public backlash over … [Read more...] about New president vows to put Argentines before debt repayments

The Civil Aviation Authority of Vietnam (CAAV) might have to limit fleet expansion among domestic airlines due to the lack flight safety officers, Vo Huy Cuong, CAAV deputy head, said at a recent forum. For every 10 new aircraft, CAAV needs two more flight safety officers. However, current regulations allow it to recruit only one for every two retired officers, he said. As flight safety officers are required to be former pilots, CAAV has to hire them from local airlines, but due to limited budget, cannot pay them the VND120-300 million ($5,200-12,900) equivalent of their former monthly salary, it was added. This means pilots tend to remain at local airlines for higher pay rather than work for the government. In the past two years, CAAV has failed to pay Vietnam Airlines, Vietjet and Jetstar Pacific when hiring their pilots, Cuong explained. With CAAV also short on flight managers and security officers, he proposed the government provides more incentives to attract staff. In October, … [Read more...] about Safety officer shortage roadblock to aviation growth

The Asian Development Bank (ADB) has trimmed its forecasts for economic growth in developing Asia this year and next year as growth in the People’s Republic of China (PRC) and India is weighed down by both external and domestic factors. Illustrative photo In a supplement to its Asian Development Outlook 2019 Update released in September, ADB now expects gross domestic product (GDP) in the region to expand 5.2% in both 2019 and 2020, down from the September forecast of 5.4% growth this year and 5.5% next year. “While growth rates are still solid in developing Asia, persistent trade tensions have taken a toll on the region and are still the biggest risk to the longer-term economic outlook. Domestic investment is also weakening in many countries, as business sentiment has declined,” said ADB Chief Economist Mr. Yasuyuki Sawada. “Inflation, on the other hand, is ticking up on the back of higher food prices, as African swine fever has raised pork prices … [Read more...] about ADB trims growth forecasts as Asia’s biggest economies slow

Prime Minister Nguyen Xuan Phuc will host a reception to welcome both the national men’s and women’s football teams following their gold medals at the SEA games arena. PM Nguyen Xuan Phuc met with coach Park Hang-seo and the national football team after the team won the AFF Cup 2018. The women’s football squad trained by Coach Mai Duc Chung defeated Thailand at the final match to clinch the gold medal of SEA Games 30. This is the sixth time they have secured the gold medal at the event. Meanwhile, the male team eased past Indonesia 3-0 in the final at the Philippines’ Rizal Memorial Stadium on December 10. Vietnamese fans flooded Hanoi's streets to celebrate the victory of the men's football team on December 10 A brace by Doan Van Hau and a goal by Do Hung Dung secured a convincing victory for Park Hang-Seo’s side and quenched the Vietnamese team’s 60-year thirst for the SEA Games championship title. Both of the teams have … [Read more...] about PM to host reception for victorious SEA Games football teams