Gymnastics doctor abused at least 265 women and girls, court told

The number of women and girls now known to have been abused by Larry Nassar has risen to 265, a Michigan judge told a final sentencing hearing Wednesday where the former USA Gymnastics doctor faced his accusers once again. At least 65 of Nassar’s victims were to speak out over several days at the last of three sentencing hearings for the disgraced doctor who molested his patients for two decades under the guise of medical treatment. The 54-year-old Nassar was sentenced last week to 40 to 175 years for molesting girls at his Michigan State University (MSU) clinic, in addition to a prior sentence of 60 years for possessing child pornography. The poignant accounts of abuse suffered by more than 150 young women and girls, who took the stand over the past two weeks, have had profound repercussions for the US sporting world, with resignations, retirements and new investigations announced at a rapid pace. Under pressure, the entire board of USA Gymnastics has stepped down as of Wednesday. As the final hearings got under way, star gymnast Simone Biles slammed the U.S. Olympic Committee for failing to reach out to her after she revealed this month she had been molested by Nassar. She revealed she was initially in denial – and broke down when she realized she had been abused. “I remember just bawling my eyes out,” the four-time Olympic gold medal winner told NBC News. “It feels like he took a part of me that I can’t get back.”… [Read full story]

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Wild animals handed over to Phong Nha

Wild animals handed over to Phong Nha – Ke Bang national park A wild monkey and a pygmy loris were recently handed over to the Wildlife Rescue and Protection Centre at the Phong Nha – Ke Bang National Park in the central province of Quang Binh. The monkey (scientifically known as Macaca leonine) weighing 5.2kg and the pygmy loris (scientifically known as Nycticebus pygmaeus) weighing 0.2kg were voluntarily relinquished by local people. They are listed as endangered animals which need urgent protection. A representative of the Wildlife Rescue and Protection Centre said it will look after the animals and release them into their natural habitat when appropriate. Wildlife protection has become stricter under policies outlined in amendments to the Penal Code that took effect on January 1. Protected wildlife under criminal law has been extended from rare, precious and endangered animals to all types of wildlife, Lieutenant General, Associate Professor Tran Van Do, former Deputy Chief Justice of the Supreme People’s Court and Chief Justice of the Central Military Court said on January 30 at a seminar on Vietnam and law enforcement efforts to protect wildlife organised by CHANGE and WildAid (CHANGE, Centre of Hands On Action and Networking for Growth and Environment). Under the amended Penal Code 2015, hunting, catching, killing, rearing, caging, transporting and trading wild animals is criminalised. This extends to possession of dead animals, body parts and products of rare, precious and endangered wild animals. The maximum jail term for crimes related to wildlife management has… [Read full story]

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HCM City flood prevention project lags behind schedule

PV Power sells over 468 million shares in IPO

The shares, or about 20% of the firm’s chartered capital, with the initial price of VND14,400 (US$0.633), were sold to 1,981 investors at the average price of VND14,938 per share, with the highest bidding price at VND28,000 and the lowest at VND14,500.  PV Power, the country’s second largest state-run electricity producer, was found in 2007 and fully-owned by the Vietnam National Oil and Gas Group (PetroVietnam).  It operates eight power companies and electricity plants with a total installed capacity of 4,208.2 MW, capable of supplying about 21 billion kWh per year, or 12% of the country’s total power output. The corporation earned approximately VND31 trillion (US$1.36 billion) in revenue in 2017. Its pre-tax profit hit over VND2.5 trillion (US$110 million), 83% higher than the yearly target. It is taking all necessary steps to hold the first shareholders’ meeting and register to be listed in the UPCOM within 3 months after the IPO day. It will also sell more than 676 million shares, equivalent to 28.88% of its capital, to strategic investors.

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Gas price down VND1,667 per kg in the south from February 1

Breakthrough measures needed to improve businesses’ health

Chairing a meeting of the Steering Committee for Business Reform and Development in Hanoi on January 31, Deputy PM Hue, who is head of the committee, noted that the health of businesses is better as 47.3% of firms enjoyed profit in 2017, while the figure in 2012 was only 30%. Of the profitable firms, 83.5% are State-owned. However, the profit percentage on capital and turnover remains low, while business management of the firms is still weak, he noted, stressing the need to continue reducing cost for enterprises, including financial and operational cost, he said. He pointed out that the current number of enterprises is far behind the target of 1 million in 2020, as in 2018, the country aims for only 135,000 new firms.A report of the Steering Committee for Business Reform and Development showed that the number of SOEs has reduced sharply to over 500, including seven economic groups, 57 corporations, and 441 independent businesses run by ministries, sectors and localities. Wholly state-owned firms are now present in 11 sectors instead of 60 in 2001.Nguyen Hong Long, deputy head of the committee, said that in 2017, 69 State-owned enterprises were approved for equitisation, including large businesses worth over VND1 trillion (US$44 million). State capital in equitised firms last year was VND160.08 trillion, 6.34 times higher than that of 2016. Long said that the State has so far withdrew VND8.91 trillion in book value and gained VND139.38 trillion from SOE divestment. Last year, the country saw a record number of newly-established… [Read full story]

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Retail sales up 9.5% in January

Total revenue from retail trade and services reached VND361 trillion (US$15.84 billion) in January, surging 3 per cent over December and 9.5 per cent over the same month last year. If inflation were excluded, the amount marked a year-on-year increase of 8.4 per cent, a report of the General Statistics Office (GSO) revealed. Retail sales of goods topped more than VND272 trillion ($11.93 billion), up 3.5 per cent month-on-month and 8.3 per cent year-on-year as domestic firms focused on stockpiling goods to meet rising demand of local consumers for the forthcoming Lunar New Year (Tet) holiday, GSO said. The sectors recording a positive revenue increase include home appliances (up 8 per cent), food and foodstuff (up 7.5 per cent) and transport services (up 5.6 per cent). Meanwhile, retail sales in accommodation, restaurant and catering services experienced a yearly increase of 15 per cent to VND45.1 trillion ($198 million), thanks to a strong increase in the number of international and domestic tourists and a rising demand for restaurant and catering services. Some localities that posted positive accommodation, restaurant and catering sale in January were the northern province of Quang Ninh (30 per cent), central Thanh Hoa province (15.2 per cent), HCM City (9 per cent) and the capital city (8.5 per cent). In the first month of this year, revenue from tourism services also saw significant year-on-year growth of 39.3 per cent to VND3.9 trillion ($171 million), with some provinces and cities recording strong growth, such as Ninh Binh (76 per… [Read full story]

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Electronics industry growing

The number of workers in the electronics industry is on the rise, and e-businesses will be a critical source of employment in the future. However, up to 80 per cent of such firms say they find it difficult to recruit technicians. The statement was made by Dao Quang Vinh, director of the Institute of Labour Science and Social Affairs (ILSSA) at the Ministry of Labour, Invalids and Social Affairs (MoLISA), at a conference held in Ha Noi on Wednesday. In recent years, the electronics industry has grown rapidly and has become one of the most important sectors of Viet Nam’s economy. The growth rate of the electronics industry increased sharply from 7.4 per cent in 2011 to 32.5 per cent in 2015. The development of Viet Nam’s electronics industry is attributed to the large investments from multinational corporations, especially corporations from the Republic of Korea and Japan, in the field of manufacturing electronic components. According to Vinh, electronics is the largest export sector of Viet Nam. The sector’s export turnover has grown from US$22.9 billion in 2012 to more than $71 billion in 2017. It is now 2.5 times and five times greater than textiles and footwear sectors, respectively. Of the total, 95 per cent of the country’s electronic export turnover is due to foreign direct investment (FDI) enterprises. FDI enterprises also excel in terms of technology and labour footprint: the average number of employees at an FDI enterprise is 807 people, compared to 212 at State-owned enterprises and just… [Read full story]

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Ten companies honoured for energy efficient solutions

In Vietnam, plastic surgery goes hand-in-hand with love and fortune

In the western world, pronounced cheekbones are widely regarded as an attractive feature, but for Vietnamese women the same attribute could mean an untimely demise for their future husbands. Vietnamese folklore and face reading have long advised men not to marry women with high cheekbones, unless they want to die early. Ngoc, a 26-year-old Hanoian woman, has had her cheekbones reduced for fear of becoming another woman ‘left on the shelf’. “Everybody told me it was true, so I haven’t dared to fall in love with anyone,” Ngoc told VnExpress this January after her surgery. For a full transformation, Ngoc paid a total $8,800, which included double eyelid surgery, a nose job, and chin and cheekbone reductions. Vietnamese women like Ngoc are increasingly undergoing plastic surgery not just for beauty reasons, but in the hope of a happy love life, a bigger fortune and a brighter destiny. Vietnamese folklore has a big part to play in this, as it deems monolids as fishy, unreliable ‘eel’s eyes’, a physically big-mouthed woman as a gossip and undignified, and beauty marks under the eyes as a bad omen similar to high cheekbones. Features such as bushy eyebrows, a wide chin, bumpy nose or crooked teeth are considered bad luck, often ‘too manly’ for a woman and simply not attractive, according to Vietnamese standards. “Đàn ông rộng miệng thì sanghoang cửa nhà” (Translation: Big-mouthed men are classy, big-mouthed women ruin the family) Though hundreds of these centuries-old sayings are no longer popular, many are still lodged in Vietnamese people’s… [Read full story]

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Vietnamese midfielder Quang Hai tops AFC U23 best goal list

10 firms win national environment award 2017

State leader presents Tet gifts in Ho Chi Minh City

Government leader applauds UN’s assistance in nutrition issue

At a reception for UN Coordinator of the Scaling Up Nutrition Movement Gerda Verburg on January 31 in Hanoi, PM Phuc said Vietnamese Party and State always pay heed to nutrition improvement to increase stature, fitness and intelligence of Vietnamese people. Gerda Verburg, who is also Assistant to the UN Secretary-General praised the Communist Party of Vietnam (CPV) for issuing a resolution and the Prime Minister for promulgating a decree on nutrition, which demonstrate the due attention and the vision of the country’s leaders to this issue. Based on experience of countries in the Scaling Up Nutrition Movement, The UN official suggested Vietnam build a high-level mechanism to help the Health Ministry fulfill its nutrition related tasks and call for public involvement and all resources from the entire society to achieve nutrition targets in remote areas. In addition, there should be more dialogues between the government and the private sector to receive their support and bolster international cooperation on this issue, she noted.  PM Phuc told his guest that the Government’s programmes have been launched to improve nutrition and physical strength for ethnic minority people, and incentivize the participation of the private economic sector in socio-economic development, including in nutrition improvement. He expressed his hope that the UN will continue providing financial and technical assistance for Vietnam in this regard.

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Lao Cai: Sa Pa forests frozen over

Tax sector asked to surpass State budget estimate

NDO/VNA – The Finance Ministry’s General Department of Taxation should strive to surpass the State budget estimate of more than VND1 quadrillion (US$55.88 billion) by at least 3%, said Prime Minister Nguyen Xuan Phuc. He made the statement during a conference in Hanoi on January 31 for a review of the sector’s performance in 2017 and embark on the tasks for 2018. The leader requested that the rate of delayed tax payment should remain below 5% of the total State collection this year. The PM asked for continuation of the 50% reduction in procedures for specialised inspection and 50% of business requirements, ensuring that 26% of total State spending will be used for development investment and 64.1% for regular expenditure. PM Nguyen Xuan Phuc visits the Centre for monitoring the IT system of the General Department of Taxation. (Photo: VGP) To achieve the above targets, he stressed the need to streamline administrative reform by using technological advances in tax declaration, payment, and management, as part of efforts towards scaling down cash payments. General Director of the General Department of Taxation, Bui Van Nam, said the sector has asked agencies to work hard to achieve the set targets, closely monitor the progress of State budget collections, and step up inspection over tax declarations and payments. He said at least 18.5% of the total number of businesses will be under inspection this year to prevent a loss of revenue to the State budget. Last year, the sector collected a record VND1.019 quadrillion… [Read full story]

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​Vietnam fears foreign investment affected by US tax bill

A tax overhaul passed by the U.S. Congress by the end of last year may affect Vietnam’s economy as American investors are likely to send their investment back home, where the income tax rate has been significantly slashed, Vietnamese economic experts have warned. The sweeping tax reforms, signed into law by U.S. President Donald Trump on December 22, include reductions in the corporate income tax rate from 35 percent to 21 percent, and a minimum of 10.5 percent taxes on foreign profits U.S. companies send home. The tax overhaul ought to encourage corporations to relocate or build new operations in the U.S. instead of sending them overseas, where the corporate tax rate is often lower. The U.S. government also hopes that U.S. companies will repatriate their foreign cash pile, with the attractive 10.5 percent tax levied for this kind of profit. Countries where U.S. companies are doing business, including Vietnam, see those benefits as challenges for their respective economies, members of the economic advisory panel to Vietnamese Prime Minister Nguyen Xuan Phuc said in a recent report. “U.S. companies will transfer their profits generated from operations in Vietnam back home, rather than keeping the money here for reinvestment,” Vu Viet Ngoan, head of the panel, told Tuoi Tre (Youth) newspaper. “Vietnam’s economy will be impacted if many U.S. corporations would follow this trend.” Employees are seen at a shoe making plant in Vietnam. Photo: Tuoi Tre But the bigger concern comes from neighboring economies, not the U.S. tax bill itself,… [Read full story]

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US special envoy for DPRK to visit RoK, Japan

Ambassador Joseph Y. Yun (Photo: Reuters) While in Tokyo and Seoul, Ambassador Yun will also meet with senior government officials to discuss coordination on the DPRK and other alliance and bilateral issues. As scheduled, in Tokyo, Mr. Joseph Yun will participate in the International Colloquium on Building Stable Peace in Northeast Asia, organized by the Toda Peace Institute, the Norwegian Institute of International Affairs, and the National Centre for Peace and Conflict Studies University of Otago. Ambassador Joseph Y. Yun is Special Representative for RoK Policy and Deputy Assistant Secretary for Korea and Japan in the Bureau of East Asian and Pacific Affairs. Ambassador Yun most recently served as the United States Ambassador to Malaysia, 2013-2016. He has also served as the Principal Deputy Assistant Secretary in the Bureau of East Asian and Pacific Affairs. Mr. Yun’s other overseas postings include the RoK, Thailand, France, Indonesia and Hong Kong. Ambassador Yun joined the Foreign Service in 1985. He is a career member of the Senior Foreign Service, class of Minister-Counselor. Before joining the Foreign Service, Ambassador Yun was a senior economist for Data Resources, Inc., in Lexington, Massachusetts. Ambassador Yun holds degrees from both the London School of Economics and the University of Wales./.

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At least 80 on sunken Pacific ferry: officials

A multinational rescue operation is scouring vast swathes of ocean for survivors, but only seven people have been found alive so far and hopes are fading of locating any more. Initial estimates of how many people were on the MV Butiraoi when it went missing ranged from 35 to more than 100, but officials said the numbers were slowly becoming clearer. “Kiribati authorities have confirmed that about 80 passengers plus crew of likely about five were on the ferry,” Rescue Coordination Centre NZ said in a statement. The centre said four aircraft from New Zealand, Australia and the US had helped conduct sweeps in the area where the ferry went missing. It said the search was concentrating on finding a life raft that was launched from the sinking ferry. “The life raft is designed for 25 people but more can be squeezed in uncomfortably,” it added. Former Kiribati prime minister Ieremia Tabai, who represents the island of Nonouti from where the ferry departed on January 18, slammed the government’s handling of the disaster. Tabai said his grief-stricken constituents on the island of 2,000 wanted to know why it took eight days to raise the alarm and how the unseaworthy vessel was allowed to sail in the first place. “This tragedy demands an independent commission of inquiry,” he told Radio New Zealand. “We need to know why it happened and (who is) responsible.” The MV Butiraoi, 17.5-metre wooden catamaran, set off on a planned two-day voyage to Betio, the largest township… [Read full story]

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S. Korea starts real-name trading system for cryptocurrencies

Midfielder Quang Hai tops poll for best goal at AFC U23 Championship

Forbes: Vietnam U23s prove success of youth training

Vietnam U23s rewarded by Hanoi mayor for AFC feat

Khai trương 2 đại lý mới của Honda Việt Nam

14:40 – 31/01/2018 (GMT+7) Lượt xem: 18 Bình luận: 0 Trong tuần cuối tháng 1/2018, Honda Việt Nam chính thức khai trương 2 Đại lý Honda Ôtô: Honda Ôtô Vĩnh Phúc (25/01) và Honda Ôtô Vũng Tàu (28/01), nâng tổng số Đại lý Honda Ôtô đạt tiêu chuẩn 5S trên toàn quốc lên 26 Đại lý.  1. Honda Ôtô Vĩnh Phúc Honda Ôtô Vĩnh Phúc tọa lạc trên khu Dộc Đồng, phường Khai Quang, thành phố Vĩnh Yên, tỉnh Vĩnh Phúc, 1 trong 10 tỉnh có chỉ số năng lực cạnh tranh cấp tỉnh cao nhất trên cả nước, có vị trí quan trọng đối với vùng kinh tế trọng điểm Bắc Bộ, là bộ phận cấu thành của vành đai phát triển công nghiệp các tỉnh phía Bắc. Với diện tích xây dựng lên tới gần 6.500 m2, Honda Ôtô Vĩnh Phúc sở hữu tòa nhà 3 tầng được thiết kế hiện đại, sang trọng gồm 3 khu vực chính: khu vực trưng bày xe, khu vực phòng chờ dành cho khách hàng và xưởng dịch vụ.  Honda Ôtô Vĩnh Phúc được vận hành bởi Tổng công ty Hòa Bình Minh, đơn vị đã có 18 năm kinh nghiệm trong lĩnh vực kinh doanh xe máy và ôtô. Đặc biệt, tính đến thời điểm hiện tại, Honda Ôtô Vĩnh Phúc là Đại lý Honda Ôtô đạt tiêu chuẩn 5S thứ 3 được Tổng công ty Hòa Bình Minh đầu tư xây dựng sau Honda Ôtô Bình Dương và Honda… [Read full story]

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VFF President hosts Cambodian army official

The VFF leader told his guest that under the leadership of the Cambodian parliament and government with the Cambodian People’s Party, Cambodia will continue to grow and flourish with improved regional and international profile. He thanked the Cambodian army and guard force for their close ties with the Vietnamese ministries of national defence and public security to serve the cause of national defence and security. Man also expressed gratitude to the Cambodian people and authorities for giving support to Cambodian people of Vietnamese origin living in the country. He asked the Cambodian Party, government and people to continue assisting Vietnam in the search and repatriation of remains of Vietnamese fallen soldiers and the maintenance of monuments dedicated to bilateral friendship in Cambodia.  Dieng Sarun, in turn, highlighted exchange visits on the occasion of Vietnam’s traditional Lunar New Year as a good tradition, which he said, will continue to be reinforced by later generations of both sides.

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Forbes Vietnam announces 30 Under 30 list

Forbes Vietnam magazine announced the “30 Under 30” list earlier this week, featuring some of the brightest young entrepreneurs, innovators and game changers in the country. Forbes Vietnam magazine announced the “30 Under 30” list earlier this week. – Photo forbesvietnam.com.vn This is the third time Forbes Vietnam has announced the list to honour young people who have made a positive contribution to different fields.Besides young entrepreneurs and start-up founders who have had noticeable success, this year’s list also features individuals with outstanding achievements in the fields of arts, entertainment, sport, policy and education as well as social activists, such as Sơn Tùng M-TP (24, singer), Nguyễn Thị Tuyết Dung (25, soccer player) and Lê Nguyễn Thiên Hương (30, founder of #SaveSonDoong).Scientific researchers also feature in the list for creating breakthroughs in the Industrial Revolution 4.0, such as artificial intelligence and machine learning. They include Phạm Thành Thái (28, doctor, Amazon) and Lương Minh Thắng (30, doctor, Google Brain).A survey found that more than 90 per cent of the 30 Under 30 youth were college graduates and had higher education, with some 60 per cent having studied abroad.While most of them have returned home, some continue to work in foreign countries while contributing to the development of Vietnam.Forbes Vietnam’s 30 Under 30 list was first announced in 2015.On April 24, the magazine will organise the Under 30 Summit themed, “The Future is Now”, which will bring together 1,500 youths to discuss the unprecedented opportunities and challenges arising from the revolution… [Read full story]

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Sao Khue Awards 2018 opens category for products of new tech trends

​Vietnam reconsiders north-south high-speed railway project

Vietnamese authorities are reviewing the possibility of a north-to-south high-speed train, in addition to the country’s Hanoi-Ho Chi Minh City railway network. On Tuesday, Deputy Prime Minister Trinh Dinh Dung tasked the Ministry of Transport, in coordination with the Ministry of Natural Resources and Environment and relevant agencies, with appraising the pre-feasibility report regarding a north-to-south express railway project. The report also includes an environmental impact assessment, which is in accordance with the law on construction. The pre-feasibility report was initiated during a conference on January 8, during which Deputy PM Dung highlighted that priority should be directed to major sections of the high-speed train route, namely Hanoi to the north-central city of Vinh, and between the south-central city of Nha Trang and Ho Chi Minh City. After being carefully assessed, the report will be submitted to the central government, Politburo, and National Assembly before the construction starts. The project is expected to be implemented during 2021-2030. The idea of building an express railway system running between northern and southern Vietnam was included in the developmental plan of the country’s railway sector until 2020, with the vision until 2030, which was previously approved by the prime minister. The tracks are expected to be 1.435 meters wide, allowing trains to travel at a velocity of 160 to 200km per hour during the first phase of operation, and at 350km per hour during the second phase. The north-to-south railway is currently the country’s principal railway line spanning a total length of 1,726… [Read full story]

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Global nutrition movement promoted in Vietnam

US-based Vietnamese group classified as terrorist organisation

According to the announcement from the ministry which was posted on its portal on January 30, the “Chinh phu quoc gia Viet Nam lam thoi” (Provisional National Government of Vietnam) was previously known as the “Tan Dan Chu” (New Democracy) organisation. It is headquartered at 2807 Anaheim, California 92814, the US, with a phone number of 7605233011, and maintains websites at chinhphuquocgia.com, cuutuchinhtri.org, phamvanlong.com, and cpqgvnlt.com. The organisation is led by Dao Minh Quan (Dao Van), a US national in Santa Ana, California, the US. Quan was born on July 27, 1952 in the central province of Thua Thien-Hue and has proclaimed himself as the Prime Minister of the “Provisional National Government of Vietnam.” The “Provisional National Government of Vietnam” was established in the US in 1991 by Quan (a former Lieutenant in the Saigon army), and other puppet factions. In 2015, the heads of the “Provisional National Government of Vietnam” instructed clandestine units in Vietnam to develop forces and establish “volunteer delegations”, seek venues to set up bases, and purchase weapons in preparation for militancy and acts of terror. In 2017, they stepped up their efforts to expand forces, forming such groups as “Phuong Hoang,” “Mang Xa,” “Biet dong quan,” and “Dai Viet,” aiming to terrorise, sabotage, and assassinate officials. Under direction from the heads of the “Provisional National Government of Vietnam”, faction members living in Vietnam perpetrated a petrol-bomb attack, destroying 320 vehicles which had been seized for traffic violations and were stored in a warehouse at the… [Read full story]

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10,000 employees leaving Vinasun amidst difficulties

Nearly 10,000 employees quit or shifted to the franchise model, enabling Vinasun to save over VND1 trillion ($44 million). Vinasun now employs a staff of slightly more than 7,000 Vinasun Corporation has just announced that the number of the company’s employees was 7,117, down 10,000 compared to early 2017. In the first quarter of 2017, the company reported that 4,239 employees quit due to “unfair competition” from Uber and Grab. By the end of the third quarter, this number declined by 2,000. This number of employees leaving or transferring to be franchise staff (who are not counted as direct employees of Vinasun) is considered a new Vietnamese record. The business results of Vinasun have changed significantly. The financial report for the fourth quarter recorded a net revenue of VND486 billion ($21.4 million), down 55 per cent (equivalent to $26 million) on-year as corporate management costs doubled from VND33 billion ($1.45 million) to VND65 billion ($2.86 million). Thanks to the revenue from the liquidation of fixed assets and advertisements of VND96 billion ($4.23 million), Vinasun avoided a million-dollar loss. The gross revenue from sales and services, which hit VND2.937 trillion ($129.4 million), down 35 per cent on-year, is the lowest recorded in the last four years. Transport by taxi still contributed the lion’s share with over VND2 trillion ($91 million), capturing 70 per cent of the total revenue (from 98 per cent before), and franchising made VND566 billion ($25 million). Thanks to cutting down the number of employees, Vinasun saved over… [Read full story]

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