Profit maximization by a perfectly competitive firm answers

A farmer harvests sugarcanes in Tuyen Quang Province. — Photo qdnd.vn After the Vietnamese imposition of anti-dumping and anti-subsidy duties, the volume of Thai sugar imported to Viet Nam hit a four-year low in Q1 of 2022, speeding up the recovery of domestic sugar. Thailand exported 199,780 tonnes of sugar to Viet Nam in Q1 of 2021. On June 15, 2021, the Vietnamese Ministry of Industry and Trade began to apply trade remedies to the commodity, driving down the figure to just 33,682 tonnes in Q1 of 2022. The decline of Thai sugar has given a boost to domestic production. The Vietnam Sugar and Sugarcane Association (VSSA) reported that 6.4 million tonnes of sugarcane had been pressed by late April to produce 662,530 tonnes of sugar, up 5.1 per cent year-on-year. Domestic producers also saw better profits. Specifically, the leading firm in the industry, Thanh Thanh Cong-Bien Hoa JSC, made an after-tax profit of VND648 billion (US$28.3 million) between July 2021 to March 2022, … [Read more...] about Trade remedies to Thai sugar boost domestic recovery

Container scarcity, input material price rises, and travel restrictions are just some of the factors damaging supply chains, Photo: Le Toan Demonstrating the wide reach that geopolitical tensions and the drag from global supply chain disruptions are causing worldwide, lowered prospects for mergers and acquisitions (M&As) in Asia-Pacific are being projected for the rest of the year, after the number of such deals fell in the first several months of 2022. A total of 123 finance sector M&A deals were reported in the January-to-March quarter, compared with 165 in the same period of last year, S&P Global Market Intelligence data shows. The ongoing conflict in Ukraine, supply chain bottlenecks, and inflation concerns slowed down deal-making in the first quarter. “We expect to see deals start and stop as companies try to time when best to take the plunge,” said Sophie Mathur, partner and Asia head of corporate at law firm Linklaters. Despite the emerging opportunities, … [Read more...] about Reset required for supply chain woes

Le Minh Sang, health specialist at World Bank Vietnam Healthcare public-private partnerships (PPPs) can be classified into five types (see Figure 1) depending on the roles and responsibilities that the private sector takes. Each type has certain advantages and disadvantages. A managed equipment service PPP enables major equipment suppliers to own and manage all equipment required for health facility operations. Under an operation and management services PPP, a private partner is contracted to operate and manage a hospital, health facility, or health network in exchange for a management fee. Specialised services PPPs involve a government contract with a private partner to deliver specific services (dialysis, radiotherapy, laboratory testing) at public healthcare facilities. In a health facility PPP, the government retains control of clinical services, but the private sector provides some combination of the detailed design, construction, and refurbishment of infrastructure. And … [Read more...] about Narrowing the gap for PPPs in health

Brunei bags first gold in wushu VN win gold in running, javelin Hosts edge closer to football semis Perseverance pays off for pencak silat star Hà VNG supports triathlon team at SEA Games 31 With a 7-0 win against Cambodia, the Vietnamese women (white) have the biggest win of the SEA Games 31 football tournament so far. VNA/VNS Photos Anh Tuấn HOÀNG HỒ QUẢNG NINH — Việt Nam are one step closer to defending their SEA Games title after a 7-0 win against Cambodia in the final group women's match on May 14 in Cẩm Phả Stadium, Quảng Ninh. A double from Nguyễn Thị Vạn, alongside goals from Phạm Hải Yến, Nguyễn Thị Tuyết Dung, Trần Thị Thu, Ngân Thị Vạn Sự and Dương thị Vân sealed the hosts firm position on top of group A, ending Cambodia’s semis dream as the Angkor Warriors watched Việt Nam and the Philippines advance to the knockout stage. Despite the massive win, even the 7-0 score didn’t quite reflect the match, as Việt Nam failed to make much of … [Read more...] about VN women in football semi

Two customers do online shopping on an e-commerce platform. — Photo vneconomy.vn HÀ NỘI — Smuggled, counterfeit and low-quality products have begun to spread rapidly on e-commerce platforms as the absence of physical product touch in online shopping puts buyers at a disadvantage. Nguyễn Đức Lê, deputy director of the Professional Affairs Department under the Ministry of Industry and Trade (MoIT), admitted that deceptive trade practices have been rising steadily in recent years. “Bad vendors use genuine products for advertisements but deliver low-quality or second-hand products to buyers, depriving them of the warranty rights,” he said. Lê Mai Hương, an enthusiastic online shopper in Hà Nội, shared her bad experience when shopping online with Việt Nam News . “In my experience, shoppers should not buy online stuff sold at prices far lower than market prices, notably cosmetics and drugs, as they are almost fake products. In addition, for clothes and consumer goods, many times … [Read more...] about Bad vendors put e-commerce at risk

Viet Nam's stock market is in a strong correction, down nearly 19 per cent since its peak in early April. — Photo tinnhanhchungkhoan.vn The State Securities Commission (SSC) is closely monitoring the developments of the economic-political situation, assessing the influence on Viet Nam's stock market in order to promptly take appropriate solutions aimed at stabilising the domestic stock market, said a representative of SSC. Viet Nam's stock market is in a strong correction, down nearly 19 per cent since its peak in early April. In a recent interview with Vietnam News Agency, a representative of the State Securities Commission (SSC) said that the domestic stock market was going through a strong adjustment period, due to the combined impact of domestic psychological factors as well as risks from the international market such as the Fed raising interest rates sharply, unresolved geopolitical tensions, inflationary pressures, sharp increases in input prices and rising energy prices. … [Read more...] about SSC prioritises stabilising solutions for stock market

Mark Ratcliff, sustainability specialist at Except Integrated Sustainability Whether we acknowledge it or not, sustainability is and always has been our most important goal. Collectively, we have gotten away with pushing it aside for too long. We can no longer ignore it, but realizing sustainability beyond a marketing slogan is easier said than done. Many countries are falling behind, and without a systemic shift to a more long-term mindset, Vietnam will also flounder and fail to achieve its bold National Green Growth Strategy for 2021-2030. Nevertheless, things are not as gloomy as they seem. Except Integrated Sustainability, a Dutch consultancy and design firm, has initiated ViCo, Vietnam’s first sustainability community for innovation. It aims to bolster worldwide partnerships, enhance learning, and help with new joint business models to support the shift to sustainability and attract more funding. Vietnam is perfectly positioned to prosper and, with the support of ViCo, … [Read more...] about Supporting Vietnam’s strive for sustainability

Vietnam's stock market is in a strong correction, down nearly 19 per cent since its peak in early April. Viet Nam's stock market is in a strong correction, down nearly 19 per cent since its peak in early April. In a recent interview with Vietnam News Agency, a representative of the State Securities Commission (SSC) said that the domestic stock market was going through a strong adjustment period, due to the combined impact of domestic psychological factors as well as risks from the international market such as the Fed raising interest rates sharply, unresolved geopolitical tensions, inflationary pressures, sharp increases in input prices and rising energy prices. Although the Vietnamese stock market is still highly expected to recover and grow again in 2022 and in the following years, in the context of recent high volatility, the management agency is giving special priority to short-term solutions to help stabilise the market and reassure investors' sentiment. "The State … [Read more...] about SSC prioritises stabilising solutions for stock market

While many chase a "perfect" life, they do not anticipate the pressure that comes with it, and are mentally ill-equipped to deal with the psychological stress. Those that do not see a way out end up taking their own lives as a means to the end. Our mind is a judging machine. When we experience something, usually our mind automatically thinks it's good, or bad. If the experience is pleasant, our mind hangs on to that feeling, and we want more of it. If the experience is unpleasant, we will try to hide, resist, and escape. And all other feelings are judged as "neutral", so we tend to forget it. There's nothing wrong with these judgments. It's natural for the mind to judge. Sometimes, these judgments are helpful. They can help us to understand why we like to do certain things, and why something makes us upset. The problem starts when we allow our mind to judge automatically too often and too much. We must always have a balance in everything. Sometimes too much of a good thing is not … [Read more...] about We need to be mindful parents