Duc Hoang The most potent weapon of a consumer is to stop consuming. How do we then answer the question: "If we don't use their water, who else will provide it to us?" My family was among those troubled recently over the fact that our son's school was located just one kilometer from the burnt Rang Dong light bulb warehouse (that leaked 15-27 kilos of mercury into the air). Now we've got a new one: polluted tap water and the difficulty in getting bottled water. Since my family and I are not the only ones severely affected by this, since there are millions of us, one would expect the company responsible for the crisis to be hit hard by it too. However, the stocks of Song Da Water Investment Joint Stock Company (code: VCW) on the Unlisted Public Company Market (UPCoM) still went up on Tuesday. There was no chain reaction following a public crisis like what one would see in a movie, where a negative news about a company spreads and causes its stock to spiral … [Read more...] about How can Vietnamese people manage a water supply monopoly?
The figure was unveiled at a meeting of permanent Cabinet members in Hanoi on December 7 under the chair of Prime Minister Nguyen Xuan Phuc. The two-way trade is projected to hit US$1.1-1.2 billion in 2019, up 12.6 percent year-on-year, surpassing the targets of US$1 billion and 10 percent set by the Government. Vietnam has become the third biggest investor in Laos with 413 projects valued at US$4.22 billion, with the most outstanding a joint venture of Viettel Military Industry and Telecoms Group (Viettel), projects of Vietnam Rubber Group, Muong Thanh Hotel, Crow Plaza, LaoViet Bank and Xekaman 1 hydropower plant. Besides, Vietnam has committed to providing VND3.25 trillion (US$139.8 million) in non-refundable aid for Laos during the 2016-2020 period, including VND707 billion in the 2019 fiscal year, up 18.4 percent against the previous year, aiming to help the neighbouring country implement projects on infrastructure, especially transport, energy, personnel training and social … [Read more...] about Vietnam-Laos trade hits US$940 million in ten months
Over the past 25 years, the corporation has made all efforts to ensure safety for millions of flights within its responsibility airspace to reduce air traffic, and focused on applying advanced technologies, investing infrastructure and developing a high quality human resource. The firm has provided air navigation services for flights on 31 domestic air routes and 36 international air routes, ensuring safety for more than 2,000 flights to/from or flights over Vietnam’s airspace each day. In 1976, the International Civil Aviation Organization (ICAO) assigned the Bangkok, Singapore and Hong Kong Area Control Centers to provide air traffic services for flights operating within areas consisting of the airspace of Vietnam’s national sovereignty and the airspace over international waters in the East Sea. In 1994, The Vietnamese aviation sectoc received the right to manage the southern part of the Ho Chi Minh FIR. By BICH QUYEN - … [Read more...] about VATM marks its 900,000th safe flight in this year
With the financial year drawing to a close, banks are busy selling mortgaged properties to resolve bad debts, recovering capital. Photo vov.vn With the financial year drawing to a close, banks are busy selling mortgaged properties to resolve bad debts, recovering capital. On November 22, Vietinbank’s Kien An branch announced auctions to recover four large non-performing loans worth dozens of billions to trillions of dong. They include a VND27 billion (US$1.17 million) loan owed by the Hon Ngoc Liability Limited Company. The lender’s Dong Nai branch announced the sale of two properties to recover VND1.2 trillion ($52.17 million) and VND4.3 trillion ($156.95 million) from the Tan Mai Mien Dong Joint Stock Company and Tan Mai Mien Trung Joint Stock Company. Recently, SHB decided to sell a mortgaged asset worth VND9 billion by an individual customer. Others like Sacombank, MB, Agribank and BIDV have been announcing a number of auctions of mortgaged properties. A State Bank of … [Read more...] about Liquidating morgaged assets to recover bad debts still difficult
Vietnamese income has improved significantly, but it has not reached the $3,000per capita threshold as calculated by General Statistics Office, economists say. GSO announced it has applied a more reasonable calculation method, with which Vietnam’s GDP per capita is $3,000 per annum, or $400 higher than the figure found with the old method. GSO announced it has applied a more reasonable calculation method, with which Vietnam’s GDP per capita is $3,000 per annum, or $400 higher than the figure found with the old method. Whether to take the underground economy into account remains controversial in Vietnam. Mai Lan Vietnam's GDP climbs 6.76 per cent in six months Vietnam’s gross domestic product (GDP) grew 6.76 per cent in the first half of this year, the second highest rate since 2011. Services sector could boost Vietnam’s GDP growth to over 7% in 2019 The services sector in case of growing over 7.2% in 2019 could boost Vietnam’s … [Read more...] about Vietnam’s GDP per capita is $3,000 per annum