Harkin report condemns for profit colleges

Thanh Cong Textile Garment – Investment – Trading JSC According to Thanh Cong Textile's financial report in August, the company recorded net sales reached more than $10.5 million, with the garment segment accounting for 74 per cent. The company reported an after-tax loss of $282,425 in August in contrast to the $1 million after-tax profit in the same period in 2020. This was the first month in 2021 that the company reported losses due to the pandemic as labour productivity fell short of the plan while operating costs under the authorised operational model were high, leading to low gross profit margin in the period which eliminated profit. Accumulating over the first eight months, Thanh Cong Textile recorded $106 million of revenue and $5.5 million of after-tax profit, respectively up 4 per cent and down 24 per cent over the same period in 2020. This year, the company targets reaching revenue of VND4.2 trillion ($182.6 million) and an after-tax profit of VND290 billion ($12.6 …

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Vietnam needs additional 1 million ICT personnel by 2030 Demand for human resources for Information and Communications Technology (ICT) in general and artificial intelligence (AI) in particular in Vietnam has increased continuously and about 1 million more ICT personnel will be needed in the country by 2030, according to the Vietnam-Australia AI Network. In 2019, the total number of personnel working in Vietnam's ICT industry was about 970,000 people, of whom around 180,000 work for the software and digital content sectors and 1,600 are AI researchers (both domestic and foreign). At present, there are 50 universities that are training AI-related majors in Vietnam. The network said that during 2010-2018, Vietnam had 372 AI patent applications, ranking second in ASEAN. The number of scientific publications on AI raised from 134 in 2010 to 525 in 2018. Earlier, the Ministry of Science and Technology launched the Vietnam - Australia AI cooperation network, with the aim to help …

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Four years after ThaiBev, one of Southeast Asia’s major brewers, spent nearly $5 billion to acquire a majority stake in Saigon Beer Alcohol Beverage Corporation (SABECO), the stock price of the largest brewage company in Vietnam sits at less than half what it was in 2017 in part due to the ongoing pandemic. SABECO has made efforts to improve its business performance and management since the pandemic emerged, with stocks hovering around VND150,000 ($7.15) a share last week. In April, ThaiBev announced that it was postponing plans to sell a 20 per cent stake in its regional beer business via a Singapore listing due to the tough market conditions, aggravated by the raging pandemic. In response to investors and shareholders in its 2021 virtual annual meeting, ThaiBev said it was hard to avoid some financial impact from the unprecedented situation. However, ThaiBev believed its portfolio is sufficiently resilient as it caters more to off-trade rather than on-trade consumption. …

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The HQC Plaza Social Housing Apartment Complex, located in Nguyen Van Linh Boulevard in An Phu Tay Commune of Binh Chanh District. (Photo: SGGP) Supply-demand mismatch According to a report by the Department of Construction of Ho Chi Minh City, in the past five years, the city only had about 20 social housing projects put into use with over 15,000 apartments. This number remains modest compared to the demand for affordable housing. One of the large-scale social housing projects that have been put into use recently is the HQC Plaza Social Housing Apartment Complex, located in Nguyen Van Linh Boulevard in An Phu Tay Commune of Binh Chanh District. The project has 1,735 apartments and utilities, such as a commercial center, school, kindergarten, polyclinic, supermarket, playing ground, and parking area. The area of each apartment here is from 54 square meters to 68 square meters, with the price ranging from VND800 million to VND1 billion per unit. Mr. Truong Anh Tuan, …

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The ongoing pandemic has dealt a major blow to the PetroVietnam’s major activities but the group has still managed to compete its eight-month targets. — Photo pvn.vn HÀ NỘI — Despite impacts of COVID-19, the Vietnam Oil and Gas Group (PetroVietnam) fundamentally fulfilled its set targets in the first eight months of this year. PetroVietnam reported that its pre-tax profit in the first eight months of the year surpassed the set plan by 177 per cent and tripled the figure for the same period last year, reaching VNĐ30.2 trillion (US$1.32 billion). During the period, the group’s crude oil output surpassed the plan by 12.7 per cent, and the outputs of petrol, oil and fertiliser were also higher than the targets. The group's total revenue hit over VNĐ390.7 trillion, exceeding the plan by 17 per cent and up 24 per cent on a yearly basis. Its contribution to the State budget soared by 38 per cent to VNĐ56.9 trillion. PetroVietnam cut costs by VNĐ2.04 trillion, equivalent to 75 per …

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