Revenue ruling 74 44

The bodybuilding team of eight men and one woman were set to fly home from the Vietnamese capital Hanoi just as they should have been competing for medals. An official said the Philippines had not provided sufficient evidence that the athletes had done doping tests three weeks in advance. Lorelei Rose Pedrano Deloria, who should have been competing on Sunday in the mixed pairs, said that she and her team-mates' dreams had been shattered and they were "depressed" as a result. "We were super-excited about this (the Games). It was an opportunity to represent the country and bring honor to our country," the 29-year-old told AFP at their hotel. "We weren't able to compete. We weren't even able to step on the stage." The Filipino bodybuilders said they first learnt of the problem when they arrived in Hanoi on Wednesday, with the team desperately trying to find a way to save their Games. But Chetan Pathare, a technical delegate for the event, told AFP : "The doping … [Read more...] about ‘Depressed’ Filipino bodybuilders out of SEA Games over doping rules

National carrier Vietnam Airlines remained in the red in the first quarter of this year, with losses of nearly US$113 million, despite its revenue rising to a two-year high. The airline posted a loss of VND2.621 trillion ($112.9 million) over the first three months of 2022, according to its Q1 consolidated financial statements issued on Friday. The loss was recorded even though the flag carrier logged revenue of more than VND11.6 trillion ($500 million) in the period, up 55 percent year on year, the highest performance since the second quarter of 2020, when COVID-19 began to severely affect Vietnam’s aviation industry. The impressive revenue failed to cover the total cost that was higher than expected, leading to the firm’s ninth consecutive quarterly loss, the carrier said. Vietnam Airlines’ fuel expense in the quarter was VND465 billion ($20 million) more than projected given rising world oil prices, VnExpress cited the company as saying. The Q1 result has brought the … [Read more...] about Vietnam Airlines suffers $113mn Q1 loss despite revenue surge

Vietnam Airlines had better net revenue in Q1. — Photo courtesy of the airline The national flag carrier Vietnam Airlines announced net revenue of VND11.6 trillion (US$504.3 million) in Q1, strong growth compared to the same period last year. The airline's revenue recovered, but its equity was still VND2.16 trillion as of March 31, 2022 In the revenue structure, domestic transportation revenue grew by 96.5 per cent and international transportation increased by 71 per cent. According to the financial report, the net revenue increased by 56 per cent over the same period last year, but Vietnam Airlines still suffered a gross loss of nearly VND1.6 trillion. Compared to the same period, gross losses decreased by 47 per cent. This year, the firm had a further income of VND121 billion dong from the liquidation of aircraft and the sale and leaseback of aircraft engines. Deducting expenses, Vietnam Airlines' net loss from business activities was VND2.7 trillion, the pre-tax loss … [Read more...] about Vietnam Airlines revenue recovers in Q1

Minister of Finance Ho Duc Phoc speaks at the 15th NA's thỉd session on May 23 (Photo: VNA) Hanoi (VNA) – The State budget overspending in 2020 stood at over 216.4 trillion VND (9.3 million USD), equivalent to 3.44 percent of GDP, statistics showed. It was 18.39 trillion VND and 151.89 trillion VND lower than the initial estimate and the permissible level set by the National Assembly , respectively. Minister of Finance Ho Duc Phoc revealed the figures while reporting on the 2020 State budget balance to the 15th National Assembly at the third session that opened on May 23. It comprised nearly 213.09 trillion VND in the central budget overspending and 3.32 trillion VND in local budget overspending. Phoc added more than 1.51 quadrillion VND was collected for the State budget in 2020, down 1.9 percent from the target. Meanwhile, over 1.7 quadrillion VND was spent, equivalent to 96.4 percent of the estimate. During 2015 - 2020, the State budget revenue was … [Read more...] about State budget overspending equivalent to 3.44 percent of GDP in 2020

Workers of Thanh Cong Textile Garment Investment Trading Joint Stock Company. — Photo thanhcong.com.vn Thanh Cong Textile Garment Investment Trading JSC announced its business results in which revenue reached VND393 billion (US$17 million) last month, a year-on-year increase of 21 per cent. The largest contribution comes from the garment segment accounting for 78 per cent, fabric production 14 per cent and yarn 7 per cent. The company's total profit after tax reached VND19.2 billion last month, an increase of only 1 per cent over the same period last year. In the first four months of the year, the revenue of the company hit VND1.5 trillion, up 19 per cent; and profit after tax reached VND88 billion, up 14 per cent. The company’s leaders said that they expected an estimated revenue of more than VND4.2 trillion this year, a year-on-year growth of 18 per cent. In particular, the company sets a profit after tax target at VND253.8 billion this year, an increase of more than … [Read more...] about Thanh Cong Textile Garment reports revenue increase of 21 per cent

The Vietnam women’s football team have wrapped up their 31st Southeast Asian (SEA) Games campaign in style after grabbing a 1-0 victory against archrivals Thailand in the title match on Saturday night to successfully defend their gold medal at the region’s largest sporting event. The game at northern Quang Ninh Province’s Cam Pha Stadium, which was fully filled with 16,020 spectators, was Vietnam’s ninth consecutive SEA Games final and the sixth in a row for Thailand. After the hosts dominated in the first 15 minutes, Thailand started pushing forward. No goals were scored despite many chances created by both sides in the first half. Vietnamese (in red) and Thai players vie for a ball during their women's final at the 31st Southeast Asian (SEA) Games at Cam Pha Stadium in Quang Ninh Province, Vietnam, May 21, 2022. Photo: Tuoi Tre Vietnam opened the scoring 14 minutes after the restart despite pressure from Thailand. Duong Thi Van won the ball back in the … [Read more...] about Vietnam continue ruling SEA Games women’s football with third consecutive title