Nike suffers 790 million loss

Shareholders voted for him to replace Dang Tat Thang, who was appointed in March after his predecessor Trinh Van Quyet was arrested for allegedly manipulating the stock market. Thang now serves as vice president of the company. Nguyen, brother-in-law of Quyet, has more than 17 years of experience in doing business and used to hold leading positions in many businesses. He was also a member of the board of directors of FLC Group from 2013 to October 2017 and from June 2018 to June 2020. FLC said it would focus on restructuring its management model and business plans this year. Several of its key leaders have been detained amid an investigation into possible stock market fraud that caused "serious damage to investors and affected the operations of Vietnam's stock exchange," according to the Ministry of Public Security. The company suffered losses of VND465 billion ($19.85 million) in the first quarter, its biggest in the last two years. … [Read more...] about FLC Group names new chairman

In mid-June, Van Anh and her family of four took a summer holiday in Da Nang, famous as the country’s most livable city, but they felt that the trip was made boring because they had nothing to do in the evening. "Besides swimming, eating out and visiting Ba Na Hills, I realized that Da Nang has very few services for tourists, especially in the evening. After eating, we come back to the hotel and there are no more night-time activities," she said. Thu Huong, another tourist from Hanoi, also spent a night in Da Nang last month and watched a fire breathing act on the iconic Dragon Bridge at night. She said she didn’t know what else she could do. "From 9:30 p.m. streets in Da Nang started emptying and looking deserted. There were a few night markets and backpacker streets with poor services," Huong recalled. Industry insiders acknowledge that it has been the case for years that the city has not been meeting the demand of high-spending tourists for night-time activities. At a … [Read more...] about Da Nang lacks nightlife entertainment

At the launching ceremony of the exam assistance program, "Tiep suc mua thi" This year’s campaign attracted more than 18,000 students who are divided into 16 groups offering assistance to candidates at 158 exam sites, such as providing candidates with information related to the exam, resolving emergencies, ensuring security and helping regulate traffic near testing locations during the national high school examination period from July 6-9, Director of the Student Assistance Center in HCMC, Le Xuan Dung said. The exam assistance program has two phases running from May to July. In the first stage, volunteers offered health care and helped students study online and prepare for the upcoming examination. The program will also hand over 60 scholarships worth VND 2 million each and gifts to disadvantaged students affected by the Covid-19 pandemic. Over 18,000 volunteers take part in exam assistance program. The city's artists attend the launching ceremony to support the … [Read more...] about Over 18,000 volunteers take part in exam assistance program

Vice Chairwoman of the HCMC People’s Committee Phan Thi Thang visits a display booth of Nghe An Province's local products. (Photo: SGGP) Attending the event was Deputy Minister of Culture, Sports and Tourism Doan Van Viet, head of Vietnam National Administration of Tourism (VNAT) Nguyen Trung Khanh, Chairman of the People’s Committee of Nghe An Province Nguyen Duc Trung, Vice Chairwoman of the HCMC People’s Committee Phan Thi Thang and Deputy Chairman of the People’s Committee of Hanoi Nguyen Manh Quyen, leaders of provinces and travel businesses. The event aims to promote potential and the value of natural resources for tourism of localities as well as exploit trans-provincial and trans-regional tourism products, affirming the country's position on the world tourist map. The forum is the city’s 6th tourism development cooperation program promoting the linkage in tourism between HCMC and eight cities, provinces in the Northwest region , 13 Southern provinces and cities , … [Read more...] about HCMC, north central provinces boost linkage for tourism development

On June 29 in Dong Nai, USAID and the Enterprises Development Agency under the MPI organised the workshop themed “Improving packaging technology and design to enhance competitiveness and efficiency”. At the workshop, businesses were updated on information about the latest design technology. Besides this, they received support to design suitable packages with their products to increase their value. One day earlier in Ho Chi Minh City, the two parties also organised a training workshop on the reduction of greenhouse gas emissions and initial solutions for businesses. Rasmus Nedergaard, an expert on sustainable strategic planning, introduced proactive solutions to reduce emissions for businesses. Other experts also introduced updated information on carbon markets, carbon trading, and existing solutions in Vietnam. The two workshops were part of the Vietnam Private Sector Competitiveness Enhancement Project (USAID IPSC) with a total budget of $36 million, which is currently … [Read more...] about USAID cooperates with MPI to ready enterprises for the future