Vietnam News Highlights for August 1, 2023
Check out the latest news about Vietnam.
20 outstanding Young Leadership Dialogue delegates announced
| At the announcement ceremony. Photo: AVLD |
The Australia-Vietnam Leadership Dialogue (AVLD) has announced 20 outstanding individuals who have qualified as delegates for the Young Leadership Dialogue, which will take place in the Mekong Delta region and Ho Chi Minh City from September 11-15.
The delegates are representatives from diverse sectors, including philanthropy, technology, consulting, and STEAM education.
Vietnam sends over 85,000 workers overseas as of July 31
As of July 31, Vietnam has sent 85,224 workers abroad, meeting 77.47% of the annual plan, according to the Ministry of Labor, Invalids and Social Affairs.
Japan is the largest recipient market, with 41,139 workers, thanks to favorable working conditions, attractive income, and job opportunities. The East Asian country is followed by Taiwan (China), South Korea, China, Singapore, Hungary, and others.
Vietnamese Edtech startup raises US$6 million in Series A funding round
Vuihoc, the Vietnamese Edtech startup for K-12 students, has secured $6 million in a Series A funding round led by Singapore-based TNB Aura. The round was joined by South Korea's TKG Taekwang and IBK-STIC Pioneer Fund, and existing investors including Do Ventures, BAce Capital, and Vulpes Ventures.
The platform currently has over 1.1 million users who are Vietnamese students from kindergarten to 12th grade. The online education market in Vietnam is projected to grow by 10.4% from 2023 to 2027.
Vietnam Airlines posts 47% revenue growth in H1
| Vietnam Airlines' revenue has grown for seven consecutive quarters. Photo: VNA |
Vietnam Airlines, the national carrier, recorded a 47% year-on-year increase in revenue in the first half of this year, with a gross profit of nearly VND2.9 trillion ($122 million). The group posted an after-tax loss of VND1.3 trillion ($54.7 million), only a quarter of the loss in the first half of last year. Vietnam Airlines' revenue has grown for seven consecutive quarters.
However, due to seasonal factors, financial risks, and input costs such as fuel prices, exchange rates, and interest rates, the group has yet to achieve a post-tax profit, according to the company's announcement on July 31.
