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The event will be presided over by State President Nguyen Xuan Phuc, marking the first time a high-ranking leader of Vietnam has chaired an event within the framework of the UN Security Council. This is also the first important multilateral diplomatic event of the Vietnamese President since the 13th National Party Congress.

Building trust and dialogue

Deputy Foreign Minister Dang Hoang Giang said that Vietnam has presided over the making of, and actively consulted to pass the Statement of the UN Security Council President.

The Statement will affirm the importance of cooperation between the United Nations, its Security Council and regional organizations in conflict prevention and settlement through peaceful measures, on the basis of respecting basic principles of international law and the UN Charter, and underlined confidence-building and dialogue measures as essential elements to contribute to conflict prevention and settlement.

The Statement will call for efforts to strengthen cooperation between the UN, its Security Council and regional organizations as well as between regional organizations in conflict prevention and settlement towards the building of sustainable peace, while encouraging the UN and the international community to support the improvement of capacity of regional organizations in conflict prevention and settlement, post-conflict reconstruction, and peace maintenance.

“The role of regional organizations in promoting trust building and dialogue in conflict prevention” is the most important and inclusive theme of the UN Security Council which is the UN’s main body in the prevention of wars and conflicts and maintenance of international peace and security, Giang said, adding that as a member of many important regional mechanisms, especially ASEAN, Vietnam wants regional organizations to further promote their roles, improve their images and share responsibility with the UN in preventing and solving conflicts in the region, for the stability and prosperity of the region and the world.

Do Hung Viet, head of the Foreign Ministry’s Department of International Organizations, emphasized that when building priorities for the working term as a non-permanent member of the UN Security Council for 2020-2021, Vietnam determined to promote the role of regional organizations in cooperation with the UN Security Council in particular and the UN in general.

The upcoming high-level open debate will elevate Vietnam’s initiatives to contribute to maintaining international peace and security. Through this event, Vietnam wants to affirm its commitment and efforts to address global challenges facing the international community, Viet added.

In particular, President Nguyen Xuan Phuc’s presiding over the event is the affirmation at the highest level about Vietnam’s foreign policy of independence, self-reliance, diversification, multilateralism, and proactive and active international integration during its new stage of development.

Intensifying ASEAN’s role

According to Viet, as a member of ASEAN, Vietnam wants ASEAN to have an increasing voice, position and role in matters directly related to the region as well as enhancing the bloc’s presence as a regional organization at the UN.

Through this event, Vietnam will contribute to drawing the attention of the international community and the United Nations to cooperation with ASEAN, and strengthening the bloc’s role at international forums and institutions in the coming time.

The open debate will be also an opportunity for leaders of the UN and regional organizations such as ASEAN, the European Union (EU), the African Union (AU), as well as the UN Security Council member states to assert the important role of regional organizations, share experience of each regional organization in dealing with difficulties and challenges in their respective regions.

Vietnam expects this to be the start of a longer process at the UN Security Council on issues related to regional organizations and their role in promoting trust building and dialogue in conflict prevention, thus contributing to the UN’s joint efforts to maintain peace, security and development in the world.

Source: VNA

Jakarta (VNA) – Leaders of the Association of Southeast Asian Nations (ASEAN) will convene a meeting in Jakarta, Indonesia on April 24 to discuss efforts in building the ASEAN Community , external relations and regional issues, including the crisis in Myanmar .

Plans for the meeting have been in the works. Earlier on April 16, regional news sources revealed that leaders of 10 ASEAN members, including Commander-in-Chief of Defence Services of Myanmar Sen. Gen. Min Aung Hlaing, are to attend the meeting.

The meeting was advocated by host Indonesia and its Minister for Foreign Affairs Retno Marsudi in the past few weeks, with support from Malaysia, Brunei, Singapore and the Philippines.

Cambodian AKP news agency on April 16 reported that Prime Minister Samdech Techo Hun Sen has confirmed his attendance.

Brunei, which currently holds the rotating Chairmanship of ASEAN , showed its support for the meeting to discuss the situation in Myanmar.

According to a joint statement issued following a meeting between Sultan of Brunei Hassanal Bolkiah and Prime Minister of Malaysia Muhyiddin Yassin, ministers and high-ranking officials of the two countries have been asked to prepare for the meeting held at the ASEAN Secretariat in Jakarta.

The statement also expressed concern for the deteriorating situation inside the country, and “urged all parties to refrain from instigating further violence, and for all sides to immediately exercise utmost restraint and flexibility.”./.

VNA

The 8th Vietnam Book Day will open on April 18 in HCMC Book Street while the online event will also take place at the e-commerce trading floor at Book365.vn on April 17.

The book show will include exchanges between writers and readers; the introduction of books; seminars and discussions on the reading culture, the digital transformation in the publishing industry and the way of approaching book in the Fourth Industrial Revolution.

The 8th Vietnam Book Day will run until April 22 while the month long book show at Book365.vn featuring online booths of book distributors and publishing houses will end on May 15.

The online book festival will offer many promotional programs to readers. Businesses participating in the book show will offer coupon codes for discounts, rewards, free shipping, discounts on books and the shipping cost.

In addition, an event of Book Copyright will be also organized on the website Book365.vn from April 19-22 with the participation of local and foreign publishing houses.

Six publishing houses of Tre (Youth), Thai Ha Book, Nha Nam, Minh Long, Dinh Ti and Saigon Books join hands organize a book festival at Hoa Lu Stadium at the No.2 Dinh Tien Hoan Street in HCMC’s District 1 from April 18-21. A series of interesting activities such as exchanges between writers and readers, book discussions, a place for fan to cosplay and dress-up as their favorite Harry Potter characters will be held during the event.

Another book show featuring a children’s painting contest and an introduction of the digital library, Let’s Read with more than 2,000 titles opens in the National Library in Hanoi from April 16-21. There is also an exhibition on activities promoting reading culture nationwide and outstanding books that were honored in the third National Book Awards

The Vietnam Book Day was approved in 2014 and it is scheduled to occur every year on April 21. The event is to encourage and promote reading habit in the community and raise awareness of using books as a tool for critical thinking. It also celebrates appreciation for readers, writers, publishers, distributors, and other affiliates of the publishing industry.

The Astral City project by Phat Dat along National Road No.13 in Binh Duong city

At the 2021 annual general meeting of shareholders, Phat Dat approved the third dividend payment (the final dividend) of 2020 at the rate of 11.7 per cent in shares, resulting in a total of 3-time share dividends for 2020 at 28.7 per cent. This is a strong affirmation of the benefits the company offers from dividends for its shareholders and investors.

Dividends have been made regularly and continuously, bringing the total dividend ratio up to 53.7 per cent since 2019.

In 2020, Phat Dat made three share dividend payments to shareholders: 7 per cent, 10 per cent, and 11.7 per cent for the last payment expectedly made in the middle of the second quarter of 2021. Previously, tapping 2019’s profit, Phat Dat paid two dividends, including 12 per cent in cash and 13 per cent in shares.

Distributing 2020’s profit by stock dividends enables outstanding benefits to shareholders and investors, showing the Board of Directors and Board of Management’s great determination to promote the interests of the company’s investors and shareholders.

Comparison of the values of cash and stock dividends, assuming shareholders hold shares for a long term. Source: PDR

Thus, by way of share dividends, shareholders and investors will receive the following benefits:

First, compared to cash dividends, the total value of 2020’s share dividends (return on investment) would be over 7 times higher if the shareholder held shares during all three dividends to the end of May 2021 and 5.7 times higher if the shareholder sold shares right after the payment date. In this way, shareholders and investors can accumulate assets faster in the current context where the company made such strong growth and development.

As of April 6, 2021, Phat Dat’s shares price were valued at VND67,800. According to SSI’s assessments on investment and valuation, “SSI produces recommendations by applying RNAV [area navigation] method, and PDR’s RNAV is 4 per cent higher than the current share price. Presently, PDR is trading with 2021’s P/E and P/B of 12.4x and 3.8x, respectively.”

Simultaneously, PDR’s share price has increased by 138 per cent compared to 2019 and is expected to continue to grow in the coming time, providing even greater benefits to investors and shareholders.

Second, the average time shareholders receive additional shares is only 1 month (compared to the market average of at least 2-3 months) thanks to the company’s synchronous process to create favourable conditions crediting shares on investors’ accounts.

Finally, PDR’s liquidity on the market is considerably high, especially after PDR entered the VN30 basket.

Dividend payments from 2015 to 2020. Source: PDR

In 2015-2020, Phat Dat achieved a high growth rate in terms of business results, sustainable financial structure, and improved profitability, resulting in the net revenue increasing by 8.8 times (a compound annual growth rate [CAGR] of 54 per cent) and in the after-tax profit of the parent company’s shareholders increasing by 7.6 times (a CAGR of 50 per cent).

Therefore, the company possesses a stable cash flow to pay cash/share dividends to shareholders regularly at a rate of 20-30 per cent per year from the distribution of after-tax profit.

Thus, with the upcoming 11.7 per cent share dividend, PDR wishes to constantly increase benefits and surplus value for shareholders and investors in the future.