Corporate

Baby product retailer Con Cung complies with law: Trade ministryBy Thanh Thom Passers-by ride past a Con Cung outlet – PHOTO: VNA HCMC – Con Cung (Beloved Kid), a retail store chain specializing in mother and baby products, has been found to have conformed to regulations on the rights and interests of consumers, product quality and traceability, the Ministry of Industry and Trade said on its website. Earlier, a customer had complained that a Con Cung outlet had replaced a product’s “Made in Thailand” label with another that read, “CF,” which stands for “Con Cung Fashion.” Following up on the complaint and media reports, the ministry set up an interdisciplinary inspection team to check whether the company had complied with regulations on the production and trade of goods and commercial services, competition and the protection of consumers’ rights and interests from July 30 to August 10. The team inspected 75 samples … [Read more...] about Baby product retailer Con Cung complies with law: Trade ministry

Microsoft Vietnam, state-owned Vietnam Posts and Telecommunications Group and Vietnet Information Technology and Communication Centre (Vietnet-ICT) today jointly held a forum entitled “Challenges and technological solutions in information security” and provided intensive training for students.   The three-day event attracted the participation of more than 200 lecturers and students from several technology universities in Hanoi such as the Posts and Telecommunications Institute of Technology, Thang Long University, Academy of Cryptography Techniques, University of Technology and Hanoi Open University. Within the collaboration between Microsoft Vietnam and state telco VNPT since 2016 in three main areas of cloud computing, information security, and smart cities, this event was also the next step for the Information Security Contest which was successfully organised in May 2018 for university and college students by VNPT (VNPT SecAthon 2018). The contest sought to raise … [Read more...] about Microsoft boosts support for IT students

Standing under the line of 12 wind turbines that make up the Phu Lac wind farm, Bui Van Thinh, chairman of Thuan Binh Wind Power JSC, told VIR that due to the purchasing price of 7.8 US cents per kilowatt-hour (kWh), his company has not made a profit in nine years of operation. The Phu Lac wind farm project’s phase 1 had the total investment of nearly VND1.1 trillion ($48.7 million), with 85 per cent of the sum raised in loans from the German development bank KfW. In September 2016, the plant went into commercial operation and was connected to the national grid. Thinh said that he had not lost faith, but Thuan Binh Wind Power JSC’s ambitions to expand with further wind power projects in Vietnam might fail if the price does not increase. Previously, the company had planned to develop four similar plants: two in the central provinces of Ninh Thuan and Binh Thuan and two in the Central Highlands provinces of Dak Lak and Gia Lai. Waiting for increased FiT The Ministry of … [Read more...] about Renewables lag behind the potential

Shares of Tesla fell on Wednesday (Aug 15) following reports US securities regulators have subpoenaed the electric car manufacturer's Chief Executive Elon Musk over his statements about taking the company private. Tesla shares fall on reports of SEC subpoena, JOSH EDELSON AFP/Getty Images Shares finished down 2.6 per cent at US$338.69 after news of the formal demand for information was published by Fox Business and The New York Times. Shares fell as much as 4.5 per cent earlier in the session. The development suggests the oversight by the US Securities and Exchange Commission - which was characterised in previous news articles as an inquiry - has "advanced to a more formal, serious stage," said The Times, which cited a person familiar with the matter. A subpoena "typically requires the approval of top SEC officials," the newspaper added. A Wall Street Journal story published after the stock market closed said the subpoena sought information from each of Tesla's directors. A … [Read more...] about Tesla shares fall on reports of SEC subpoena

Uber on Wednesday (Aug 15) disclosed that its quarterly loss jumped despite taking in more money, as it invested in scooters and other "big bets." Uber quarterly loss jumps as it invests in 'big bets', photo AFP The San Francisco-based smartphone ride star reported it lost US$891 million on net revenue of US$2.8 billion, while overall bookings rose to US$12 billion. "We had another great quarter, continuing to grow at an impressive rate for a business of our scale," said Uber chief executive Dara Khosrowshahi. He added that Uber is investing in "big bets" including restaurant take-away delivery service Uber Eats and "environmentally friendly modes of transport" like Express Pool, e-bikes and scooters. The company is also devoting resources to what it sees as high-potential markets in India and the Middle East, according to Khosrowshahi. Uber has made a practice of disclosing its earnings, despite not being required to since it is a private company. It said in May that its … [Read more...] about Uber quarterly loss jumps as it invests in ‘big bets’