VNR to keep divesting its subsidiaries Vietnam Railway Corporation (VNR) wants to continue the divestment of its subsidiaries, aiming to improve competitiveness and attract investors to enhance efficiency after three years on a downward spiral. A report on the results of the first six months of 2018 from VNR shows that all of its business indicators are on the rise, with revenue amounting to some VND4,000 billion, up 17.8% year-on-year, and with profit reaching VND106 billion. According to the report, the growth in revenue results from a series of renovation solutions for railway services, including replacing new cars, flexibly increasing and decreasing ticket prices depending on the market demand and linking to the tourism sector to attract passengers in groups. As railway transport models are still facing challenges, VNR has been forced to continue rearranging and restructuring its mechanisms and activities to sustain its operations and develop further. Besides this, the corporation … [Read more...] about BUSINESS NEWS IN BRIEF 5/8
Latest news today
BUSINESS NEWS IN BRIEF 1/8
Vinh Phuc seeks investment from S Korea The northern province of Vinh Phuc promoted its potential and called for investment at a conference held in Gyeonggi Province in South Korea on Friday. Speaking before an audience of South Korean businesspeople, Chairman of Vinh Phuc provincial People’s Committee Nguyen Van Tri highlighted the province’s convenient location in Viet Nam’s northern key economic zone and favourable natural conditions suitable for industry, tourism and hi-tech agriculture. He informed the South Korean business circle that the province has made efforts to streamline its administrative procedures, upgrade infrastructure, especially at industrial zones, and train the local labour force. The provincial leader reported that Vinh Phuc is now home to more than 300 foreign direct investment (FDI) projects, including many run by South Korean corporations such as Partron Vina, Haesung Vina, Bangjoo and Interflex. Several more South Korean … [Read more...] about BUSINESS NEWS IN BRIEF 1/8
NY Daily News slashes half its newsroom staff
Viet Nam News NEW YORK — The New York Daily News, the century-old tabloid known for its provocative headlines, made its own news Monday by slashing half its editorial staff, in the latest retrenchment in the newspaper sector. The daily owned by the media conglomerate Tronc said in an email to employees that the move sought to address the newspaper’s "significant financial challenges." A source familiar with the matter said the cuts represent "nearly 50 per cent" of newsroom staff. Tronc declined to comment on the cutbacks or confirm precisely how many staff were affected, but the rival New York Post said the Daily News had some 85 editorial staff before the layoffs. The editorial staff will slashed be as the newspaper looks at a fundamental restructuring to focus on breaking news, mainly in areas of "crime, civil justice and public responsibility," according to the note to staff, which was widely circulated on Twitter. "The decisions being announced today reflect the … [Read more...] about NY Daily News slashes half its newsroom staff
Elon Musk’s latest outburst raises doubts on leadership
Elon Musk, the American entrepreneur behind SpaceX and Tesla. (File photo: AFP/Brendan Smialowski) But his latest outburst on Twitter attacking a British rescue worker in Thailand has raised fresh concerns over the star tech entrepreneur's stability and leadership abilities. Musk, the South African-born innovator and billionaire behind Tesla and SpaceX, found himself in hot water after insulting Vern Unsworth, a British diver who worked on the Thai soccer team rescue and who dismissed Musk's plan to recover the trapped group. The since-deleted weekend tweet referred to Unsworth as "pedo guy", an apparent reference to paedophilia, faced a deluge of criticism on social media and from analysts questioning whether Musk had crossed a line on responsible conduct for a CEO. "This is the most brand-damaging thing Elon Musk has ever done," said Roger Kay, analyst with Endpoint Technologies Associates who follows the technology sector. Kay said Musk appeared to be following in the footsteps … [Read more...] about Elon Musk’s latest outburst raises doubts on leadership
Some good news, some bad news, some hopeful news
by Thu Vân “Your pens are the sharp weapons in the cause of telling the truth…” Thus began a letter that President Ho Chi Minh wrote to intellectuals and journalists in the southern part of the country on May 25, 1947. He also said in the same letter that “journalists should act like brave soldiers in the revolution to gain back unity and independence for the country.” One cannot imagine loftier ideals for this profession. Today, the lofty ideals may remain, but there are times I feel these are gathering dust in the shelves of our memory as the profession goes through one existential crisis after another. More than seven decades after President Hồ Chí Minh wrote the famous letter, it is fair to say journalism has gone through many changes, all over the world. Today, the profession is wedded, one could even say welded, to technology and business, and this creates a host of challenges in terms of the profession succeeding in the … [Read more...] about Some good news, some bad news, some hopeful news