The problem of cross-ownership of subsidiaries within a corporate group has also not been overcome, the auditing agency said. For instance, six subsidiaries of TKV were found to have contributed capital to the Cam Pha Thermal Power Plant, while two state-owned parent corporations contributed capital to the Nong Son Coal Plant. … [Read more...] about Many state-owned firms under ‘special financial supervision’
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A report tabled at a recent meeting showed that only 10.3 percent of the funds earmarked for this year, or 3.48 trillion VND (149.3 million USD), had been disbursed in the first quarter, much lower than in other localities in the Southern Key Economic Region and putting it among localities with the country’s lowest disbursement rates. … [Read more...] about BUSINESS NEWS HEADLINES MAY 24
“Investors wait for some notable events on the international market this week, including rising conflicts between the US and China over Hong Kong and Taiwan issues. The US has just passed a ban on Chinese companies from listing shares on the US exchanges or raising money from US investors if they do not obey Washington's audit standards,” Khanh said. … [Read more...] about Share set to increase, facing corrections
As a global company, we have gained insights from testing and applying 5G technology for industries, and we are now bringing those learnings into our own factories, which will benefit the whole ecosystem. This 5G smart factory will be one of the most advanced manufacturing facilities in the industry when it is fully operational later this year. … [Read more...] about Transforming factories of the future
The cuts came amid bank credit growth in the first quarter of only 1.1 per cent compared to 2.28 per cent in the same period last year as many businesses scaled down or stopped operations, experts said. … [Read more...] about VN ready to be world’s factory, bus is the world?