What results can you yield by establishing reporting expectations prior to campaign launch

Hanoi Metro, the operator of Hanoi’s Cat Linh-Ha Dong metro line, posted losses of over VND63.7 billion (US$2.7 million), inclusive of VND12.2 billion ($525,000) in corporate management costs, in 2021 since the metro line was put into service in November last year. The firm had already been operating at a deficit given the VND22.7 billion ($976,120) loss it incurred in 2020, prior to the metro line’s inauguration. According to its 2021 audited financial report, Hanoi Metro earned just VND5.3 billion ($228,220) from ride fares for the Cat Linh-Ha Dong metro line. During the year, its income from financial activities jumped 133 percent from 2020 to VND2.1 billion ($90,400). Its expenses, however, amounted to more than VND58.9 billion ($2.5 million), including VND43.7 billion ($1.88 million) in labor costs. This loss, plus its corporate management costs of VND12.2 billion, took Hanoi Metro’s total losses for the year to VND63.7 billion in 2021. Hanoi Metro’s total losses … [Read more...] about Hanoi’s first metro line posts over $2.7mn loss in 2021 audited financial report

The move is expected to help accommodate the momentum of the exchange rate and the pressure on foreign exchange reserves. The State Bank of Vietnam (SBV) has reportedly sold over US$10 billion from its foreign exchange reserves amid growing pressure on the exchange rate, according to the Viet Dragon Securities Company (VDSC). The SBV expects to continue selling foreign currencies in case of market high demand. File photo The report noted deposit balance of the Vietnam State Treasury (VST) at the state-owned banks was about VND110 trillion ($4.73 billion), continuing to support the liquidity of the Vietnamese dong (VND) on the market. In addition, the VST also bought $75 million from commercial banks last week, equivalent to VND1.74 trillion injected into the banking system. In line with such a move, the SBV on June 21 started conducting outright bill sales with a small amount of VND200 billion ($8.6 million). In the next few days, the central bank continued … [Read more...] about Vietnam c.bank reportedly sells over US$10 billion from FX reserves

At the event. (Photo: Vietnam Plus) Hanoi (VNA) – The Ministry of Labour , Invalids and Social Affairs (MoLISA), in collaboration with UN agencies and the Australian Aid, launched a campaign on July 5 to enhance public awareness of women and children protection, spreading the message of zero tolerance for violence against children and women. The initiative is built on the 2020 campaign to raise public awareness and change individual and societal behaviour, helping prevent violence before it begins. According to the organisers, the campaign calls for attention and support from the whole community to create a violence-free environment in families, schools and community as well as on cyber space. Addressing the launching ceremony, UNICEF Chief Representative in Vietnam Rana Flowers said that the campaign calls on citizens, lawmakers and the Government to speak out more strongly against violence. It is hoped to turn public outrage over acts of violence into … [Read more...] about Campaign spreads message of zero tolerance for violence against children, women

Labor safety and hygiene promotion The annual action month is designed to raise awareness and compliance with occupational safety and hygiene (OSH), improve working conditions, reduce the pollution of working environments, limit occupational accidents and diseases and ensure worker health. The launch of the Action Month for Occupational Safety and Hygiene The Lao Cai Copper Smelting Company established a steering committee ahead of the month-long event, which assigned specific tasks, including working environment surveillance and periodic employee health checks in 2022, preparation of documents and guidelines for occupational safety and hygiene training, as well as occupational safety guidelines for employees, and replacement of old and damaged safety signs. The company disseminated and promoted the Action Month for Occupational Safety and Hygiene through bulletin boards, meetings and leaflets. It reviewed and supplemented occupational safety and fire prevention … [Read more...] about Copper plant scores top marks for occupational safety campaign

Plantations dreaming of FSC status for rubber products, Photo: Duc Thanh Nguyen Vinh Phuong, the owner of a 150-hectare rubber plantation area in the south-eastern province of Tay Ninh has recently spent more time studying the process of obtaining the FSC certification. Although he is interested in cultivating sustainable rubber, he remains hesitant to implement this process. Phuong pointed out that the rule of a 10-per-cent conservation area seems to be an infeasible requirement for small operators of plantation areas. The rule would mean that Phuong would lose $1,500 over 10 days of rubber tapping if he saved 10 per cent of his 150-ha plantation area for conservation. Besides state-owned companies like Tan Bien Rubber and Tay Ninh Rubber, there are 12 private firms competing to source rubber. Phuong was certain that he would not lose VND105 million ($4,520) per month during the tough market caused by rising production expenses, the shortage of rubber tappers and the … [Read more...] about Plantations dreaming of FSC status for rubber products

About 2.47 quadrillion VND was raised for the State budget in the primary G-bond market over the last 12 years. (Photo: VNA) Hanoi (VNA) – The Government bond market of Vietnam officially became operational at the Hanoi Stock Exchange (HNX) on September 24, 2009. Since then, about 2.47 quadrillion VND (108.5 billion USD) has been raised for the State budget from the primary market to support socio-economic development in the country. More than 206 trillion VND worth of G-bonds has been raised for the State budget annually, accounting for almost 10 percent of total investment in society in 2020 and 28.3 percent of that by the State sector last year. Bond issuance volume up, interest rates down The HNX said that in order to mobilise the above mentioned sum of money, it has organised more than 2,600 auctions, with 60 - 70 percent of the bonds offered successfully sold on average. Notably, interest rates in the G-bond market have declined considerably over the past 12 … [Read more...] about Over 108.5 billion USD raised from primary G-bond market in 12 years