Viet Nam News HÀ NỘI — Metfone, the first telecommunications brand of Viettel in an overseas market, posted an accumulated revenue of more than US$2.2 billion in its first 10 years of operation. Its accumulated profit reached $300 million and the earnings before interest, tax, depreciation and amortisation (EBITDA) has been maintained at a high level. By the end of 2018, Metfone had helped Viettel pay back its dividend of nearly $250 million, nearly six times higher than the investment capital. The results were announced at a ceremony held to celebrate Metfone’s 10 years of operation in Cambodia on Tuesday. Speaking at the event, Viettel acting chairman Lê Đăng Dũng said Metfone was their first company in the international market. “After 10 years of development, we realised the goal of Metfone to be a pioneer in building the digital economy and society in Cambodia,” Dũng said. He said Viettel considers Metfone’s … [Read more...] about Metfone revenue tops $2.2 billion over 10 years in Cambodia
10 year sp 500 chart
Coffee prices fluctuate, price drops to 10-year low
VietNamNet Bridge - More than 500,000 farmers and workers in the coffee industry, which exports several billion of dollars worth of products each year, are concerned about contributions amid price fluctuations. The coffee price has dropped dramatically, now hovering around VND33 million per ton, a 10-year low. Phan Xuan Thang, deputy chair of the Vietnam Cocoa and Coffee Association (Vicofa), said that farmers cannot make profits with that price. The Central Highlands is entering the dry season. Farmers now need money to buy fuel to water blooming coffee plants. Some households are struggling to find water sources as the underground and surface water is running out. The Central Highlands is entering the dry season. Farmers now need money to buy fuel to water blooming coffee plants. Some households are struggling to find water sources as the underground and surface water is running out. RELATED NEWS Vietnam expects to export 1.7 mln tonnes of coffee this year … [Read more...] about Coffee prices fluctuate, price drops to 10-year low
10 years on, Việt Nam’s vision of strong sea-based economy faces rows of roadblocks
Fish is carried from boats at Cà Ná Fishing Port in Thuận Nam District, south central province of Ninh Thuận. — VNA/VNS Photo Công Thử Viet Nam News HÀ NỘI — Việt Nam is reaping the benefits of a national strategy laid out 10 years ago to garner riches from the country’s long coastline, over 3,000 islands and abundant water areas three times the size of its land mass. In 2007, the 10th Party Central Committee ratified the Việt Nam Maritime Strategy towards 2020. The strategy, and the myriad guidelines, policies and generous investment that have followed it have turbo-charged Việt Nam’s coastal economy, which includes tourism, fisheries, oil and gas, and other sectors reliant on the sea. However, a wide range of challenges stands in the way of the country reaching its primary targets: ensuring the sea-based economy accounts for 53-55 per cent of the country’s gross domestic product … [Read more...] about 10 years on, Việt Nam’s vision of strong sea-based economy faces rows of roadblocks
Wildlife trafficker sentenced to 10 years in prison
Big-headed turtles (Platysternon megacephalum) are among endangered species subject to the highest protection level under Vietnamese and international law (Photo: Education for Nature-Vietnam) Hanoi (VNA) – A wildlife trafficker has been sent to prison for 10 years by the People’s Court of Dien Bien district, the northwestern province of Dien Bien. The defendant, Cao Xuan Nai, was found guilty of violating regulations on protecting endangered, precious and rare animals as stipulated in Point b of Clause 3, Article 244 of the revised 2015 Penal Code. Nai was arrested near the Tay Trang Border Gate on April 2, 2018, while he was trafficking 27 big-headed turtles (Platysternon megacephalum) weighing 10.5kg and four feet of Asian black bears (Ursus thibetanus) weighing 13kg in total on National Highway 279. Big-headed turtles and Asian black bears are endangered species subject to the highest protection level under Vietnamese and international law, including the … [Read more...] about Wildlife trafficker sentenced to 10 years in prison
Emirates A380 continues to capture imagination of travellers after 10 years of operations
(VEN) - Emirates is celebrating 10 years of A380 operations. Since its first flight to New York from Dubai on 1 August 2008, the Emirates A380 has carried more than 105 million passengers, clocking in more than 1.5 billion kilometres on 115,000 flights, equivalent to 39,000 trips around the globe. The first flight to New York from Dubai on 1 August 2008 Emirates is the world’ largest operator of the A380 aircraft, with 104 double-decker aircraft flying to 49 cities on 6 continents on scheduled services with more than 80 daily departures from Dubai, the airline’s hub. In addition to its 104-strong fleet, the airline has a further 58 A380s on order. Today, Emirates also operates the world’s shortest A380 route from Dubai to Kuwait and the world’s longest A380 non-stop route from Dubai to Auckland. The airline has also grown its scheduled services to major airports and has also successfully grown demand at regional airports such as … [Read more...] about Emirates A380 continues to capture imagination of travellers after 10 years of operations
Emirates A380 continues to capture the imagination of travellers after 10 years of operations
(VEN) - Emirates is celebrating 10 years of A380 operations. Since its first flight to New York from Dubai on 1 August 2008, the Emirates A380 has carried more than 105 million passengers, clocking in more than 1.5 billion kilometres on 115,000 flights, equivalent to 39,000 trips around the globe. The first flight to New York from Dubai on 1 August 2008 Emirates is the world’ largest operator of the A380 aircraft, with 104 double-decker aircraft flying to 49 cities on 6 continents on scheduled services with more than 80 daily departures from Dubai, the airline’s hub. In addition to its 104-strong fleet, the airline has a further 58 A380s on order. Today, Emirates also operates the world’s shortest A380 route from Dubai to Kuwait and the world’s longest A380 non-stop route from Dubai to Auckland. The airline has also grown its scheduled services to major airports and has also successfully grown demand at regional airports such as … [Read more...] about Emirates A380 continues to capture the imagination of travellers after 10 years of operations
Hà Nội celebrates 10 years of administrative boundary adjustment
Viet Nam News HÀ NỘI — Nguyễn Thị Hoàn, 60, is happy that her life and the lives of local residents in her commune has gradually improved over the last 10 years after the neighbouring province of Hà Tây was merged into Hà Nội and became a part of the capital city. Hoàn, from Cộng Hòa Commune, in old Hà Tây Province, said that her commune had previously faced many challenges. Roads were degraded, and classrooms lacked the necessary teaching supplies and infrastructure. Local residents had to use water from wells for their daily lives, she said. “After being merged to Hà Nội, authorities at different levels started to pay more attention and invest in building new roads and upgrading schools,” she said. Thanks to the renewed attention, Cộng Hòa Commune was recognised as a new-style rural area last year. Even better, Hoàn said, was that at the beginning of this … [Read more...] about Hà Nội celebrates 10 years of administrative boundary adjustment
Indonesia’s crude palm oil export projected to rise in next 10 years
Workers are unloading crude palm oil at a port in Cilincing, Jakarta (Source: tempo.co) Jakarta (VNA) – Indonesia’s export volume and value of crude palm oil (CPO) and its derivatives to continue to rise in the next 10 years, predicted Indonesia’s economic analyst Bustanul Arifin. In 2017, the export value of palm oil and its derivative products (excluding biodiesel and oleochemicals) skyrocketed to nearly 23 billion USD, up about 26 percent against the 18.22 billion USD of the previous year. The export volume of palm oil is directly proportional to production, along with the increase of average price, Arifin said, adding that the trend of this export increase will still happen in 2018. However, the issue of sustainability will remain an obstacle. The Indonesian government should continue to conduct trade diplomacy to protect foreign exchange because of trade and tariff barriers, the economist noted. In addition, the government needs to open new export markets, such … [Read more...] about Indonesia’s crude palm oil export projected to rise in next 10 years
SE Asia Stocks-Philippines falls over 1 pct; Vietnam hits fresh 10-year closing high
Philippine shares dropped over 1 percent on Thursday, underperforming other Southeast Asian stock markets, while Vietnam extended gains to a fresh 10-year closing high.The Philippine Stock Exchange PSEI Index declined as much as 2 percent, its biggest since March 2017, before closing 1.2 percent lower."The weakness on Wall Street could have been a catalyst for a profit-taking from the global rally seen across most regions," said Fio De Jesus, an equity research analyst with RCBC Securities in Manila.The three major U.S. stock indexes ended lower overnight after a choppy trading session as investors worried that China would slow U.S. government bond purchases and that U.S. President Donald Trump would end a key trade agreement.Asian shares ex-Japan also dropped due to concerns about rising U.S. protectionism, while bonds rebounded after China's regulator said a report about Beijing slowing or halting of its U.S. bond buying was possibly wrong.Losses were largely broad-based in the … [Read more...] about SE Asia Stocks-Philippines falls over 1 pct; Vietnam hits fresh 10-year closing high
SE Asia Stocks-Vietnam hits fresh 10-year closing high; others muted
Most Southeast Asian stock markets were subdued on Wednesday, in line with regional Asian shares, while Vietnam extended gains for a third session to hit a new 10-year closing high.Asian shares ex-Japan slipped 0.5 percent after six straight days of gains, that had taken them within a stone's throw from the record high touched in November 2007.Vietnam shares settled 0.4 percent higher, after gaining as much as 1.2 percent, marking their twelfth session of gains in thirteen.The index got a boost from financial and energy stocks, with Vincom Retail JSC ending 6 percent up and Petrovietnam Gas Joint Stock Corp adding 1 percent.Foreign and domestic inflow into the market rose, with the macroeconomic environment being stable, said Bui Nguyen Khoa, senior analyst at BIDV Securities Company."The Vietnam Index may see new peaks in the first quarter of 2018."In Singapore, index heavyweight Jardine Matheson Holdings Ltd fell 2.4 percent, dragging the FTSE Straits Times index down.The index … [Read more...] about SE Asia Stocks-Vietnam hits fresh 10-year closing high; others muted