Roadmap to recovery

The Emirates Group has released its 2021-22 Annual Report, which shows a strong recovery across its businesses.— Photo courtesy of Emirates The Emirates Group has released its 2021-22 Annual Report, which shows a strong recovery across its businesses. dnata returned to profitability, and significant revenue improvements were reported across Emirates and dnata as the group rebuilt its air transport and travel-related operations, which were previously cut back or curtailed by the pandemic. For the financial year ended 31 March 2022, the Emirates Group posted a loss of AED 3.8 billion (US$ 1.0 billion) compared with an AED 22.1 billion (US$ 6.0 billion) loss for last year. The group’s revenue was AED 66.2 billion (US$ 18.1 billion), an increase of 86 per cent over last year’s results. The group’s cash balance was AED 25.8 billion (US$ 7.0 billion), up 30 per cent from last year, mainly due to strong demand across its core business divisions and markets, triggered by the easing … [Read more...] about Emirates Group reports strong recovery in 2021-22

Female workers at a garment company in Đồng An Industrial Zone in the southern province of Bình Dương. — VNA/VNS Photo Chí Tưởng HÀ NỘI — Further empowering women will help improve Việt Nam's garment and footwear sectors after the COVID-19 crisis, evidence from the ILO’s flagship programme has shown. 'Better Work Việt Nam' worked with the Việt Nam Chamber of Commerce and Industry (VCCI) and was supported by the Australian Government and other donors, to organise a national conference on women’s empowerment during the COVID-19 recovery in Hà Nội on Wednesday, towards a more resilient garment and footwear sectors. Better Work Việt Nam is a unique partnership between the ILO and the International Finance Corporation (IFC), a member of the World Bank Group, with the ultimate goal of improving working conditions and boosting the competitiveness of these key export industries of Việt Nam. Facing the COVID-19 crisis, the programme gave gender a greater priority in recognition of the … [Read more...] about Improved gender equality vital to recovery of garment, footwear industries

A farmer harvests sugarcanes in Tuyên Quang Province. Photo qdnd.vn HÀ NỘI — After the Vietnamese imposition of anti-dumping and anti-subsidy duties, the volume of Thai sugar imported to Việt Nam hit a four-year low in Q1 of 2022, speeding up the recovery of domestic sugar. Thailand exported 199,780 tonnes of sugar to Việt Nam in Q1 of 2021. On June 15, 2021, the Vietnamese Ministry of Industry and Trade began to apply trade remedies to the commodity, driving down the figure to just 33,682 tonnes in Q1 of 2022. The decline of Thai sugar has given a boost to domestic production. The Vietnam Sugar and Sugarcane Association (VSSA) reported that 6.4 million tonnes of sugarcane had been pressed by late April to produce 662,530 tonnes of sugar, up 5.1 per cent year-on-year. Domestic producers also saw better profits. Specifically, the leading firm in the industry, Thành Thành Công-Biên Hòa JSC, made an after-tax profit of VNĐ648 billion (US$28.3 million) between July 2021 to March … [Read more...] about Trade remedies to Thai sugar boost domestic recovery

Because of strict visa policies, promotions to attract international tourists have not been as effective as expected, according to many businesses. Enterprises have made huge investments to welcome back tourists, but such illogical visa policies may slow down the tourism recovery pace. Being confused and facing difficulties Many travel companies in Da Nang City told Tuoi Tre (Youth) newspaper that visa policies for foreign tourists were still their biggest concern. Before the COVID-19 outbreak, Vietnam offered the visa waiver policy for citizens of many countries and the normal visa approval period was three to five days (visas which were valid for 30 days). However, the list of countries whose citizens are entitled to Vietnam’s visa waiver policy has been shortened and the visa processing period has been lengthened, putting enterprises at a disadvantage. Cao Tri Dung, chairman of the Da Nang Tourism Association, said that after the COVID-19 pandemic, the number of … [Read more...] about Strict visa policies hinder international guests from visiting Vietnam

Secretary of HCMC Party Committee Nguyen Van Nen speaks at the event. The award ceremony aimed to celebrate the 132nd anniversary of the birthday of President Ho Chi Minh (May 19, 1890-2022) and 110 years since President Ho Chi Minh left the country to seek ways for national salvation (June 5, 1911). Speaking at the event, secretary of HCMC Party Committee Nguyen Van Nen praised exemplary models in studying and following President Ho Chi Minh’s example. They are typical of working and doing the work to the best of their abilities as well as contributing to the development of the country and HCMC. Secretary of HCMC Party Committee Nguyen Van Nen (4th, L) presents certificates of merit to outstanding individuals and teams . The City's Party Chief said that as a city that was hit the hardest during the Covid-19 pandemic, HCMC has shown positive signs of socioeconomic recovery . The municipal authorities launched HCMC’s theme for 2022 is “Safe, flexible adaptation to … [Read more...] about HCMC honors 355 exemplary models in following Uncle Ho’s example

The high-ranking Vietnamese military delegation to the meeting was led by Deputy Defense Minister Senior Lieutenant General Hoang Xuan Chien. In his opening remarks, General Nem Sowath, Director of the General Department of Policy and Foreign Affairs under the Cambodian Ministry of National Defense emphasized the importance of this meeting in preparation for the ASEAN Defense Ministers’ Meeting (ADMM). The Cambodian mentioned a draft joint statement to submit to the ADMM and discussions to enhance the defense cooperation among the ASEAN member states. At the event, heads of delegations heard reports on the outcomes of the ADSOM Working Group, the 16th annual meeting of the Network of ASEAN Defense and Security Institutions (NADI-16), the 19th ASEAN Chiefs of Defense Forces’ Meeting (ACDFM-19). They also heard the updates on ASEAN defense cooperation. Addressing the meeting, Gen. Chien thanked the host for their thoughtful reception. The Vietnamese head delegate congratulated and … [Read more...] about ASEAN defense senior officials meet in Phnom Penh