The country’s largest integrated industrial minerals and chemicals manufacturer Masan Resources (UpCoM: MSR) posted a revenue of VND4.688 trillion ($203.8 million) in the first nine months of 2018, a 19.4 per cent increase on-year. Copper inventory remained high as prices were less favourable due to the ongoing trade war and slightly muted demand, but the benchmark price for main products in the period was significantly higher in comparison to the same period last year. The management’s initiative to increase price realisation continued to be successful with price realisation on a tungsten equivalent unit basis 5.8 per cent higher in the first nine months of 2018 than in the same period last year. MSR evolves as the largest ex-China Tungsten chemicals producer Earnings before interest, taxation, depreciation, and amortisation (EBITDA), meanwhile, grew by 20.1 per cent to VND2.362 trillion ($102.7 million) over the same period last year. Despite lower tungsten … [Read more...] about Masan Resources reports solid nine month performance
Subsequent performance
Vietnamese doctors save Laotian boy with needle piercing his heart
The Laotian boy is recovering. Photo by VnExpress Doctors discovered a 2-inch long iron needle inside the 5-year-old's chest, which he is suspected to have swallowed while playing. A Laotian boy is recovering from a rare heart injury after doctors in Vietnam's central province of Nghe An successfully removed a needle that had been inside his chest. The 5-year-old Ha Ba Xai was admitted to Nghe An Obstetric Hospital last month for chest pain. According to his family, the pain had persisted for two weeks despite Xai receiving treatments from doctors in Laos. After giving the boy chest X-ray, ultrasound and CT scans, doctors discovered a 5-centimeter (2-inch) needle piercing the membranes of Xai's heart and left lung, as well as his heart muscle. The needle is suspected to have entered Xai's chest after he swallowed it while playing unsupervised. Doctors at Nghe An Obstetric Hospital subsequently performed a surgery to safely remove the foreign object with assistance from Hanoi … [Read more...] about Vietnamese doctors save Laotian boy with needle piercing his heart
BUSINESS IN BRIEF 4/2
ADB helps urban infrastructure development in HCM CityVice Chairman of Ho Chi Minh City People’s Committee Tran Vinh Tuyen on February 1 received Eric Sidgwick, Asian Development Bank (ADB)’s Country Director for Vietnam.At the meeting, the municipal official affirmed that HCM City is committed to implementing cooperation deals with its partners, especially ADB. He added that the Vietnamese Government is revising projects using official development assistance (ODA) to ensure their effective implementation.Regarding the four major projects between HCM City and ADB, Tuyen noted that the city has asked the Ministry of Planning and Investment to allocate funding for the metro line No.2.It also approved the compensation plan for land clearance which the HCM City’s Management Authority for Urban Railway and ADB have agreed on. In addition, HCM City has worked on ADB’s recommendations on the first phase of the metro line No.5.For his part, Sidgwick affirmed to support … [Read more...] about BUSINESS IN BRIEF 4/2
Vietjet honoured as Best Vietnam Deal in 2017
The award honours not only the highly successful IPO held in early 2017 but also the subsequent performance over the rest of last year. Vietjet’s US$164 million IPO was conducted professionally, involving the consultation of world-renowned law firms and financial institutions for a period of nearly 800 days (up to the listing date, February 28, 2017), and followed all of the international IPO standards Regulations. Previously, Vietjet was awarded “The IPO Deal of the Year 2017” accolade and was named “The Company with Best M&A Information Disclosure” at the M&A Awards 2016-2017 Vietnam as part of the Vietnam M&A Forum 2017 in Vietnam. Vietjet is the first airline in Vietnam to operate as a new-age airline with low-cost flights and diversified services to meet customers’ demands. … [Read more...] about Vietjet honoured as Best Vietnam Deal in 2017
Vietnam vs Uzbekistan in U23 Asian Cup final: Who do you think will win?
As the excitement builds ahead of the final of the Asian Football Confederation Under-23 Championship, all eyes are on the two title contenders, Vietnam and Uzbekistan. Neither team has ever made it beyond the group stage of the biennial championship prior to this year. Previous winners include Japan in 2016, who lost 4-0 in this year’s quarterfinals to Uzbekistan, and Iraq in 2013 (when it was the AFC U22 Cup), who lost in the quarterfinals on penalties (5-3) to none other than Vietnam. This year, both finalists lost a match in the group stage. Vietnam lost 2-1 to South Korea, but the Koreans were subsequently defeated by Uzbekistan in the semis, while Uzbekistan lost to Qatar 1-0, who then lost to Vietnam… also in the semis. As for goal stats, Uzbekistan has so far fared better than the more defensively minded Vietnam. Vietnam Uzbekistan Goals scored 7 10 Goals conceded 7 2 Top goalscorer Nguyen Quang Hai (4 goals) Jasurbek Yakhshiboev (3 goals) … [Read more...] about Vietnam vs Uzbekistan in U23 Asian Cup final: Who do you think will win?
General Ngo Xuan Lich praises Ninh Binh province’s socio-economic achievements
General Ngo Xuan Lich meeting with the armed forces of Ninh Binh province The mission was joined by representatives from several Central agencies, the CMC, the General Department of Politics of the Vietnam People’s Army and Military Region 3. At the working session, PCC member, Secretary of Ninh Binh provincial Party Committee, and Head of the provincial delegation of National Assembly deputies Nguyen Thi Thanh gave a report on the province’s achievements in 2017. General Lich speaking at the event. Photo: VNA Last year the province boosted the implementation of the Resolutions of the 12th National Party Congress and of the 21st Ninh Binh Provincial Party Congress. The provincial Party Committee and authorities always maintained a high sense of responsibility, solidarity and innovation, united to overcome numerous difficulties and challenges, and actively, resolutely, flexibly and effectively directed all provincial agencies, units and people to perform … [Read more...] about General Ngo Xuan Lich praises Ninh Binh province’s socio-economic achievements
Social News 16/1
Fire destroys thousand sq. meter wood factory in Dong NaiA huge fire suddenly occurred at a wood factory of Shing Mark Company in Bai Xep Industrial Park, Trang Bom district, Dong Nai at midnight on January 15. Because materials inside the wood factory are easily ignited, the flame quickly spread out causing the firefighters to meet difficulties in order to access the site and localize the fire. By 5am today, the blaze was extinguished.The initial information showed that there was no death in the fire; however, the flame destroyed thousand sq. meter factory and burnt wood materials inside the factory. At present, the functional agencies have investigated the cause of the fire. HCM City ensures traffic safety for TetThe Ho Chi Minh City Traffic Safety Committee has deployed various measures to ensure traffic safety and order in the city before and during the Tet (Lunar New Year) holiday.Nguyen Ngoc Tuong, deputy chief of the committee, said, “The campaign aims to … [Read more...] about Social News 16/1
Clouds lift as North Korea boosts Pyeongchang Olympics
Pyeongchang Winter Olympics organisers are entering their final preparations with renewed confidence after neighbouring North Korea ended months of speculation by confirming its attendance, immediately easing fears over security and ticket sales. Members of the South Korean air force Black Eagle aerobatic team perform above the ski jump venue of the Pyeongchang 2018 winter Olympics, on January 10, 2018 With one month to go, the outlook is suddenly much brighter for the "Peace Olympics", which had been rocked by the drugs ban on Russia's team and concerns over potential disruption by the nuclear-armed North.North Korea, which boycotted the 1988 Seoul Summer Games, this week agreed to attend its first Olympics in the South, during talks which defused soaring tensions over its nuclear programme and missile tests.France, Germany and Austria had all voiced fears about competing in Pyeongchang during the stand-off with North Korea, which lies just 80 kilometres (50 miles) away from the … [Read more...] about Clouds lift as North Korea boosts Pyeongchang Olympics
Côn Sơn-Kiếp Bạc a model of conservation
by Hồng Vân “Côn Sơn suối chảy rì rầm/ Ta nghe như tiếng đàn cầm bên tai” (Côn Sơn’s streams are babbling/ As music from a stringed instrument) The beauty and serenity evoked in this line from 15th-century poet Nguyễn Trãi’s Côn Sơn Ca (Côn Sơn Ballad) still come to mind when visiting the Côn Sơn-Kiếp Bạc Complex today. The complex of pagodas and temples nestles amidst forested mountains in the Côn Sơn area’s Chí Linh District, Hải Dương Province. The most prominent structures in the complex are the Côn Sơn Pagoda and the Kiếp Bạc Temple, havens of peace and quiet, some 80 kilometres from central Hà Nội. The sacredness of the pagoda, believed to have been built in the 13th century, is encapsulated in the famous saying: “Côn Sơn, … [Read more...] about Côn Sơn-Kiếp Bạc a model of conservation
Flexible mechanism key for SBV success in economic management
Updated at Sunday, 31 Dec 2017, 17:07 The Hanoitimes - The governor of the State Bank of Vietnam (SBV) Le Minh Huong informed that the foreign exchange reserves of Vietnam has increased 13 billion USD to nearly 52 billion USD. In 2017, the SBV has been flexible in central rate management mechanism, which ensured that the domestic foreign exchagne market was less affected by global factors. Besides, SBV is determined in pursuing target economic growth rate in relation to the stability of macro economy and controlling the inflation rate at acceptable level. In addition to the credit growth, the SBV has been cautious over the safety issue in bank’s operation. The increase of foreign exchange reserves has important meaning for SBV to improve capabilities in managing the domestic supply-demand relationship, stabilizing the domestic foreign exchange market, ensuring the security of the national finance and banking system, supporting trade activities, all of which have … [Read more...] about Flexible mechanism key for SBV success in economic management