Vietnam Colors

Passenger buses at Giáp Bát station in Hà Nội. The transport companies are planning to operate at their maximum capacity to compensate for the sales lost in the last three months. — VNA/VNS Photo Hoàng Hiếu By Mai Hương HÀ NỘI — As the COVID-19 pandemic has seriously impacted the implementation of Việt Nam’s economic development plans, the National Assembly (NA) and Government have been proactively and urgently deploying stimulus packages to quickly restore the economy and leverage growth. The latest Resolution 406/NQ-UBTVQH15, issued by the National Assembly on October 19, is regarded as a correct and timely policy, and was well received by enterprises. The Resolution offers support for enterprises and individuals affected by COVID-19 through tax reductions with a total value of up to VNĐ21.3 trillion (US$926 million). The beneficiaries will enjoy direct tax reductions which is considered more practical than the extension of tax payments in previous support packages. … [Read more...] about New financial support package to create new momentum for business recovery

Foreign remittances to HCM City in the first nine months of the year increased by 22 per cent. – Photo vietnamplus.vn HCM CITY – Foreign remittances to HCM City in the first nine months of the year were worth US$5.1 billion, a 22 per cent increase year-on-year. Nguyễn Hoàng Minh, deputy director of the State Bank of Việt Nam’s HCM City branch, said the growth rate is impressive considering the impact of COVID-19 on the global economy. Overseas Vietnamese have faced difficulties travelling abroad or back to Việt Nam for the past two years due to the pandemic, and so “they might be having more savings than before,” he suggested. Most of the remittances was money sent back by overseas Vietnamese to their families to help them get through the pandemic or to invest in business activities, he said. The main sources remained the US, Australia, Canada, and Europe, he said. Total remittances this year could increase by 12 per cent from last year’s $6.1 billion, he said. … [Read more...] about HCM City remittances up 22% to $5.1b

SEOUL, Oct 26 (Reuters) - SK Hynix (000660.KS) forecast steady growth in demand for memory chips on Tuesday as it posted its highest quarterly operating profit since 2018 on the back of rising prices which offset slowing personal computer sales as COVID-19 lockdowns eased. "Despite the concerns over recent global supply chain disruptions," the chipmaker's third-quarter performance "signals that the semiconductor memory industry is continuing its growth momentum," SK Hynix CFO Kevin Noh said in a statement. The world's second-biggest memory chipmaker, which serves customers including Apple Inc (AAPL.O) , said operating profit rose to 4.2 trillion won ($3.6 billion) in the July-September quarter, up from 1.3 trillion won a year earlier. That was its highest quarterly profit since the fourth quarter of 2018, and slightly beat a Refinitiv Smartestimate of a 4.1 trillion won based on polling from 18 analysts. The Smartestimate gives more weight to consistently accurate analysts. … [Read more...] about SK Hynix sees rising demand for chips as quarterly profit surges

Oct 25 (Reuters) - Workers at an Amazon.com Inc (AMZN.O) warehouse in New York City's Staten Island borough have filed a petition to form a union, the U.S. National Labor Relations Board (NLRB) said on Monday, though the company questioned whether enough legitimate signatures were gathered. The move represents the second time that U.S. staffers for the world's biggest online retailer have aimed to unionize this year, following a failed effort at an Alabama facility in April. Though Amazon has long resisted such efforts, some employees are advocating for more protections and benefits in light of a COVID-19 pandemic that put their safety at risk. Chris Smalls, a former employee at the Staten Island warehouse, led the organizing drive and collected around 2,000 signatures to request an official vote through the NLRB. Smalls rose to prominence last year when Amazon fired him, alleging he violated a paid pandemic-related quarantine when he showed up at his facility to protest work … [Read more...] about Amazon’s Staten Island warehouse workers file petition for union election

SHARJAH: Afghanistan thrashed Scotland by 130 runs in a Super 12s match at the Twenty20 World Cup on Monday. AFP Sport takes a look at the four biggest wins (by runs) in the tournament since the first edition in 2007: 172, Sri Lanka v Kenya, 2007 Sanath Jayasuriya smashed 88 off 44 balls as Sri Lanka posted a mammoth 260 for six after being invited to bat first in Johannesburg. Skipper Mahela Jayawardene also contributed with a 27-ball 65. Kenya were never in the chase as they crawled to 88 for nine in 19.3 overs with Thomas Odoyo absent hurt. Pace bowlers Chaminda Vaas, Lasith Malinga and off-spinner Tillakaratne Dilshan took two wickets each. 130, South Africa v Scotland, 2009 An unbeaten 79 by batting superstar AB de Villiers steered South Africa to 211 for five in a group encounter at the Oval. Skipper Graeme Smith (38) and Jacques Kallis (48) laid a solid foundation with their opening stand of 87. Bowlers led by speedster Dale Steyn then combined to roll … [Read more...] about Four T20 World Cup matches with widest margin wins