By Mai An – Translated by Kim Khanh
According to PNJ chairwoman Cao Thi Ngoc Dung, these targets mean a 20 and 15 per cent increase in revenue and net profit against last year.
At its annual general meeting of shareholders on April 17 in Ho Chi Minh City, Dung said that 2020 was a remarkable year for PNJ with stronger business recovery after a long time of being suppressed by COVID-19.
“While many companies are forced to reduce their business, PNJ is on a path of steady development and growth,” Dung said.
|PNJ targets higher revenue and expanded to the international market this year|
The digital transformation in manufacturing and marketing and promotion activities has helped PNJ maintain stable growth.
Dung said that many investors had shown doubts about PNJ’s targets, but the company’s management board confirmed that business prospects this year are much brighter as the pandemic is easing up and the economy has been recovered step by step.
“We have been carefully preparing for the next step of development in the next two years, then we do believe that we can reach that target,” Dung said.
In order to cope with the market turmoil, PNJ has actively restructured its retail outlets. In 2020, the company opened 29 new outlets but closed 36 ones in order to have better rental and locations. This year, PNJ plans to open 40-45 new outlets and invest more in production technologies and product design.
“When global logistics broke down, we have refreshed our entire network. When the first social distancing order from the government was sounded, we have right away implemented online and digital marketing and promotion. These timely reactions have helped maintain our business.”
At the meeting, shareholders also approved plans for 2021, including a private placement of 15 million shares – equivalent to 6.6 per cent of its outstanding shares, to raise its charter capital from VND2.276 trillion ($98.96 million) to VND2.426 trillion ($105.5 million) .
The funds raised will be used to strengthen jewellery production, improve production technologies and product designs, expand the retail network, and speed up digital transformation.
It also approved the issuance of more than 3.4 million shares at VND10,000 per share to employees who have made outstanding contributions.
By Bich Ngoc
* Strong winds and high waves lashed the eastern Philippines on Monday as the strongest typhoon ever recorded in April barrelled past in the Pacific Ocean, killing one man and triggering flooding in lower-lying communities, disaster officials said.
* The Russian Foreign Ministry said Sunday that it is expelling 20 staffers of the Czech embassy in Moscow in response to the expulsion of 18 Russian diplomats from the Czech Republic.
* Nearly 192.13 million doses of COVID-19 vaccines had been administered across China as of Sunday, the National Health Commission said Monday. The Chinese mainland on Sunday reported 11 new imported COVID-19 cases, bringing the total number of confirmed cases to 90,510, according to the commission.
* The COVID-19 vaccination program in Laos is underway and the majority of people in target areas have had their first dose of the vaccine. The Lao government plans to vaccinate at least 150,000 people in the initial stages of the program.
* Cambodia on Monday predicted that international tourist arrivals to the kingdom this year would decline by another 70 percent due to the ongoing impact of COVID-19. The report of the Ministry of Tourism said the Southeast Asian country received 1.31 million international tourists in 2020, down 80 percent from 6.61 million in 2019.
* Malaysia started phase 2 of its national immunization program against COVID-19 on Monday, expanding to other high risk groups following the vaccination of the country’s frontliners.
* The COVID-19 cases in Indonesia rose by 4,952 within one day to 1,609,300, with the death toll adding by 143 to 43,567, the Health Ministry said on Monday.
* Brazil’s COVID-19 death toll on Sunday reached 373,335 after registering another 1,657 fatalities, the country’s ministry of health reported. According to the ministry, another 42,980 cases were registered, bringing the total number of cases in the country to 13,943,071.
* Just more than half of US adults have now received at least one COVID-19 vaccine dose, data from the US Centers for Disease Control and Prevention showed on Sunday, with nearly 130 million people aged 18 years or more having received their first shot.
* The European Union has exercised an option to acquire an additional 100 million doses of BioNTech and Pfizer’s COVID-19 vaccine, the two companies said.
* Denmark’s health authority said it may be possible for people to choose to have the AstraZeneca COVID-19 vaccine if they wish, Ritzau news agency reported.
* The number of coronavirus patients in intensive care units in France edged up on Sunday, amid a nationwide lockdown to try to stem a third wave of infections.
* British scientists launched a trial which will deliberately expose participants who have already had COVID-19 to the coronavirus again to examine immune responses and see if people get reinfected.
* Canada will present a budget with billions of dollars for pandemic recovery measures as COVID-19 infections skyrocket, CAD2 billion (US$1.6 billion) toward national childcare, and new taxes on luxury goods.
* The number of people heading out to shops across Britain jumped 87.8% in the week to April 17 versus the previous week as non-essential stores in England reopened after three months of COVID-19 lockdown, market researcher Springboard said.
* Spain will study the effects of mixing different coronavirus vaccines, government researchers said on Monday, responding to shifting guidelines on the safety of the AstraZeneca’s shot.
* Poland may be able to open up a significant part of the economy at the end of May or beginning of June, depending on progress with COVID-19 vaccinations, the prime minister said on Monday.
* NASA successfully launched its Mars helicopter Ingenuity from the surface of the Red Planet earlier on Monday, marking the first powered, controlled flight of an aircraft on another planet.
* The coronavirus variant discovered in South Africa can break through the protection provided by Pfizer and BioNTech’s COVID-19 vaccine to some extent, a real-world data study in Israel found.
* Vaccination against COVID-19 is a requirement to perform the Umra pilgrimage to Mecca, Saudi state TV said on Sunday, citing a government official.
In order to take advantage of FTAs and increase the Vietnamese rice export market share at more competitive prices, the Ministry of Industry and Trade will continue to co-ordinate with ministries, branches and the Viet Nam Food Association to help businesses effectively implement the deals and make the most of markets such as South Korea and the EU.
The ministry would implement solutions on mechanisms and policies to remove technical and trade barriers, internalise international commitments, customs procedures, logistics and credit as well as building and developing brands to create a premise for rice export enterprises to exploit the markets, said Tran Quoc Toan, deputy director of the Import and Export Department under the Ministry of Industry and Trade.
For rice exporters as well as farmers, Toan noted the need to be more proactive in improving the competitiveness of products through quality and price as well as building and protecting trade to diversify markets towards sustainable exports.
The Ministry of Agriculture and Rural Development reported the volume of rice exported reached 450,000 tonnes with a value of US$246 million last month.
The cumulative amount of rice exported in the first three months of this year rose 1.1 million tonnes, while the value hit $606 million, down 30.4 per cent in volume and 17.4 per cent in value over the same period last year.
Nguyen Van Don, director of Viet Hung Co., Ltd in the Cuu Long (Mekong) Delta province of Tien Giang, said that the reason for the decline in rice exports was partly as the first quarter of this year coincided with the Lunar New Year holiday.
In addition, the first two months of the year were between-crop periods when the rice supply was limited while the price was high, so it was difficult for businesses to negotiate export contracts.
Although the company’s rice export volume declined by more than 30 per cent over the same period for the first three months of the year, the export rice price rose by about 20 per cent. The two largest import markets are still the Philippines and China.
Meanwhile, Pham Thai Binh, general director of Trung An High-Tech Farming JSC in the Cuu Long (Mekong) Delta city of Can Tho, said that the first quarter’s rice export dropped significantly in volume due to a shortage of empty containers and soaring freight rates.
“Customers still need to import, but enterprises cannot order containers to pack their goods, the shortage of empty containers has pushed freight rates up 600-700 per cent, from $1,000 to $6,000-7,000 per container. With this rate, not only rice exporters but also other firms are facing difficulties. This situation means the importer had to consider delaying the time of receiving the goods or looking for closer sources to reduce costs,” said Binh.
Commenting on this issue, Toan said that although the amount of rice exported in the first quarter of this year declined compared to the same period last year, the price of rice for export grew due to high demand for food reserves around the world, which has pushed up the general level of world rice prices.
Thai and Indian rice prices have also hit record highs in recent years.
Viet Nam’s rice price continued to remain at a high level of $547 per tonne by the end of the first quarter of this year, up 18.6 per cent, equivalent to an increase of $86 per ton compared to the same period last year. The current price of rice has been and is benefiting the rice farmers.
Vietnamese rice was being purchased by importers at high prices due to the improved quality of Vietnamese rice, said Toan.
Vietnamese rice exporters were increasingly focusing on improving quality and traceability to meet the strict standards of export markets such as the EU, South Korea, and the US, Toan said.
In addition, Viet Nam has entered into many trade agreements with many strategic countries and regions such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU-Viet Nam Free Trade Agreement (EVFTA) and more recently the Regional Comprehensive Economic Partnership (RCEP) and the UK-Viet Nam Free Trade Agreement (UKVFTA). — VNS
Health Ministry confirms six new imported cases of Covid-19
The Saigon Times
|Health workers prepare Covid-19 vaccine doses to inject into volunteers. Four Vietnamese citizens and two Indian experts who entered Vietnam from overseas have been confirmed as Vietnam’s latest Covid-19 patients – PHOTO: VNA|
HCMC – Four Vietnamese citizens and two Indian experts who entered Vietnam from overseas have been confirmed as Vietnam’s latest Covid-19 patients, sending the total number of cases in the country to 2,791 as of this evening, April 19, said the Ministry of Health.
The fresh cases were taken to quarantine centers upon their arrival in the country.
Among them, one Indian expert traveled from Dubai to Vietnam through Noi Bai International Airport on April 18 and is under medical treatment at the National Hospital for Tropical Diseases in Hanoi.
The other Indian expert entered from Vietnam from India on April 10, transiting in Dubai. He is being treated and quarantined in HCMC.
As for the four Vietnamese citizens, a man returned home from Japan on April 16 and is under medical treatment in the central province of Phu Yen, while a Saigonese entered Vietnam through Moc Bai Border Gate in Tay Ninh Province on April 17 and is being quarantined and treated at a local medical center.
The two remaining cases arrived home from the U.S. and South Korea in April. They are under treatment at Cu Chi field hospital in HCMC.
To date, 2,475 coronavirus patients in the country have fully recovered, while 35 others had died of the respiratory disease.