Outlook 2019

Vu Thanh Trung, deputy general director of Dong A Remittances Co., said that Japan, South Korea and Hong Kong were the major remittance resources for Viet Nam in 2019. The volume of remittances from these territories was expected to increase in 2020. … [Read more...] about Remittances to Viet Nam through banks grow by 12 per cent in 2019

HCM City (VNA) – Police of Ho Chi Minh City seized the largest-ever volume of drugs and uncovered a big number of sophisticated and transnational drug rings in 2019. Last year, the municipal police seized 356kg of heroin, 1.36 tonnes of synthetic drugs, 5.8kg of cocaine, 40.8kg of marijuana, and more than 39kg of other drug types. They also dealt with nearly 4,000 people involved in drug trading, storage and transportation. Notably, on March 27, 2019, police detained Chen Tsen Wei (born in 1986) and seized 895 heroin bricks while this Taiwanese national was driving a truck near the An Suong roundabout in Trung My Tay ward of District 12. This is the biggest amount of heroin caught red-handed in Vietnam so far. Probing into this case, police found that Chen was part of a transnational ring led by Yu Chi Fu, a Taiwanese born in 1953. Up to 446 heroin bricks were discovered on November 3 when police searched five suspected locations in the suburbs of HCM City. The drugs were … [Read more...] about HCM City police seize biggest-ever drug amount in 2019

Hanoi (VNA) - The Ministry of Finance has reported that twelve out of 136 wholly state-owned enterprises had posted losses of 720 billion VND in total (31 million USD) in the first half of last year, and six others faced warnings regarding financial security. The report pointed out state-owned enterprises (SOEs) that posted big losses, including Vietnam Maritime Corporation, Vietnam Coffee Corporation and Corporation 15, with 617 billion VND, 37 billion VND and 48 billion VND, respectively. The report focused on evaluating business performance and publicised financial information from SOEs and enterprises that had at least 50 percent of their charter capital controlled by the State. As of November 30, four out of 20 ministries, ministerial-level agencies and Government agencies had not submitted full financial reports for the SOEs under their management, the report said. On top of that, ten out of the 63 People's Committees in the … [Read more...] about Twelve SOEs report losses in 2019

Fetal intervention is the most innovative technique in maternal-fetal medicine. Hà Nội Maternity Hospital became the first public hospital to successfully apply the technique for 20 pregnant women with twins and twin-to-twin transfusion syndrome. … [Read more...] about Việt Nam’s health sector in 2019: achievements and drawbacks

Hanoi (VNA) – Retail giant Masan Group posted an after-tax profit of more than 6.36 trillion VND (274.62 million USD) last year, a year-on-year rise of 13.2 percent. In Q4 2019, Masan Consumer Holdings, the group’s retail consumer business, recorded a revenue growth of 15 percent against the same period a year earlier and 20 percent quarter-on-quarter, respectively. Meanwhile, unaudited financial statement showed that the fresh meat platform “MeatDeli” of another Masan’s subsidiary Masan MeatLife (MML) raked in nearly 330 billion VND in revenue after only one year since its establishment. In December last year, conglomerate Vingroup entered into a share swap agreement to merge its retail and agriculture arms with Masan Consumer Holdings to create the country’s biggest retail company. Vingroup will swap all shares in its retail’s arm VinCommerce into shares of the post-merger company. Masan Group will operate the new company, while … [Read more...] about Retail giant Masan’s after-tax profit hits 274.62 million USD in 2019