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Illustrative photo Up till now there were nearly 50 listed enterprises reporting losses in the last quarter, of which nearly 20 enterprises lost over VND 100 bln. Surprisingly, the list of loss-making businesses has a presence in several securities companies which are all businesses that have recorded sudden profits in the previous quarter. According to statistics, the total pre-tax profit of the top 30 leading securities companies is only about VND 3,300 bln, which is down VND 3,000 bln compared to the same period last year and about VND 5,000 bln lower than the fourth quarter of 2021. For instance, the Rong Viet Securities Company (VDSC) showed a net profit in the second quarter of 2021 at nearly VND 150 bln, but in the last quarter it suddenly reported a loss of nearly VND 234 bln. In the first six months, VDSC net loss after tax was VND 129 bln, while in the same period last year it showed a profit of VND 247 bln. Similarly, the financial report just released by APEC … [Read more...] about Domestic securities companies face losses

Hanoi (VNA) - Storm Mulan weakened into a tropical depression after entering the Gulf of Tonkin on August 10 night, according to the National Centre for Hydro-Meteorological Forecasting. Storm Mulan weakened into a tropical depression after entering the Gulf of Tonkin on August 10 night. (Photo: VNA) The tropical depression is forecast to move west-northwest on August 11, with a speed of 20km/h. The northern region and the north-central provinces from Thanh Hoa to Nghe An are expected to experience downpours on the day. In response to storm impacts, Vietnamese airlines have adjusted operation plans of flights to and from some affected airports from August 11. Accordingly, Vietnam Airlines will cancel two flights between the northern port city of Hai Phong and Ho Chi Minh City. It will also delay flights between Hai Phong and Buon Me Thuot, Cam Ranh, Da Lat and HCM City on August 11. Bamboo Airways, meanwhile, adjusted schedules to ensure absolute safety for … [Read more...] about Storm Mulan weakens into tropical depression

Hanoi – In response to impacts of storm Mulan in the Gulf of Tokin, Vietnamese airlines have adjusted operation plans of flights to and from some affected airports from August 11. Illustrative image (Source: VNA) Accordingly, Vietnam Airlines will cancel two flights between the northern port city of Hai Phong and Ho Chi Minh City. It will also delay flights between Hai Phong and a series of localities – Buon Me Thuot, Cam Ranh, Da Lat and HCM City – on August 11. Passengers on flights affected by the storm will be supported by the carrier in line with regulations and transferred to other available flights of the same itinerary if required. Bamboo Airways, meanwhile, adjusted schedules to ensure absolute safety for flights from/to the Pleiku, Da Nang, Cat Bi, Vinh, and Van Don airports on August 11. Vietjet also announced that it would adjust schedules of some flights to Hai Phong on the same day. Storm Mulan, the second to appear in the East Sea this year, is … [Read more...] about Airlines adjust flight plans over storm Mulan

A supporting industry exhibition in HCM City. To capitalise on the opportunity to further penetrate the global supply chains, Vietnamese firms need to make products of higher quality at competitive prices. — Photo haiquanonline.com.vn Foreign companies in Viet Nam are increasingly looking to source components and parts locally, offering local firms a great opportunity to enter global supply chains, a meeting heard in HCM City. But to do so, they need to transform and make products of higher quality at competitive prices, delegates told at a press conference to introduce Metalex Vietnam and Supporting industry Show which will be held in HCM City early October. Nobuyuki Matsumoto, chief representative of Japan External Trade Organisation’s HCM City office, said the COVID-19 pandemic has severely affected the global economy. “In the case of the manufacturing sector, the previously built global supply chains have been disrupted, leading to a halt in production activities, and … [Read more...] about Supporting industries future looks bright

Exports to APEC markets, a driving force of Vietnam's seafood export growth Hosting this event offered Vietnam a chance to promote its goals of pandemic prevention and control, economic recovery and sustainable growth, highlight it as a safe and attractive investment destination, and improve Vietnam’s position in ABAC in particular and APEC in general. The Asia-Pacific Economic Cooperation (APEC) is a regional economic forum established in 1989 to leverage the growing interdependence of the Asian-Pacific region. APEC’s 21 member states aim to create greater prosperity for the people of the region by promoting balanced, inclusive, sustainable, innovative and secure growth and by accelerating regional economic integration. The region is home to around 2.9 billion people (accounting for 38 percent of the world’s population) and represent about 62 percent of the world GDP and half of the world trade. The Vietnamese investment environment is improving Pham … [Read more...] about Vietnam hosts Asia-Pacific business leaders

Storm Mulan weakened into a tropical depression after entering the Gulf of Tonkin on the evening of August 10, bringing heavy rain to many areas in northern Vietnam. Heavy rains in Hai Phong City on August 11 According to the National Centre for Hydro-Meteorological Forecasting, the tropical depression is moving west-northwest on August 11, with a speed of 20km/h. The northern region and the north-central provinces from Thanh Hoa to Nghe An have experienced downpours since Wednesday night. Some areas that reported their highest rainfall level over the past nine hours included Co To Island in Quang Ninh Province (136.90mm), Mau Son Island in Lang Son Province (124.70) mm, Ba Che in Quang Ninh (116.20mm), and Kien An District in Hai Phong Province (102.80mm). Several airlines either readjusted or cancelled flight schedules on domestic routes on August 11 in response to the storm. Vietnam Airlines will cancel two flights between the northern port city of … [Read more...] about Storm Mulan weakens, causing heavy rains in northern region