Illustrative image (Photo: VNA) Ninh Thuan (VNA) – The south central province of Ninh Thuan will hold a grape and wine festival from June 13-18 to highlight the local products and culture. The opening ceremony is slated for June 16 evening. On the occasion, the locality will also hold a ceremony receiving UNESCO’s certificate recognising the pottery making art of Cham ethnic people as an Intangible Cultural Heritage in Need of Urgent Safeguarding. A tourist tastes wine in a grape orchard. (Photo: VNA) Activities during the festival are designed in response to the 2023 National Tourism Year themed “Binh Thuan – Green Convergence”. Grapes were introduced to Ninh Thuan province in the 1960s. With its hot and dry climate and sandy soil, Ninh Thuan has favourable conditions for grape cultivation, making it a unique agricultural product of the region. Ninh Thuan grapes have been certified for geographical indication by the National Office of Intellectual Property. … [Read more...] about Ninh Thuan grape and wine festival 2023 to be held in June
Bao an ninh hinh su bac giang
Banks underwriting bonds should buy back bonds: Central bank
Illustrative image (Photo: VNA) Hanoi (VNS/VNA) - Commercial banks that underwrite and sell corporate bonds have to buy them back if investors so demand, the central bank has said. It followed a meeting with voters (members of the public) the State Bank of Vietnam (SBV) held in Ho Chi Minh City amid the ongoing bond market troubles. Besides asking for underwriting banks to take responsibility for redeeming bonds, the voters also urged the SBV to tighten inspection of credit institutions to ensure they comply with regulations while investing in bonds. The SBV recently raided 11 banks and fined a number of them for violating regulations related to bond purchases. Under current regulations, banks must have an internal credit rating system and can only buy bonds if their bad debts ratio is below 3%. For bonds sold in the domestic market, when issuers cannot pay in full and on time the bond principal and interest, they must negotiate with bondholders for extending the term … [Read more...] about Banks underwriting bonds should buy back bonds: Central bank
Lan Ha Bay faces pollution
Lan Ha Bay in the northern city of Haiphong is struggling with pollution, mostly caused by deteriorating styrofoam buoys. Pieces of styrofoam buoys have appeared on Lan Ha Bay since early this month in addition to rubbish that has also been discharged into the bay, worsening the pollution. The area which is adjacent to Ha Long Bay has been the hardest hit. Pieces of styrofoam buoys have worsened Lan Ha Bay's pollution The bay has also recently seen red-orange water areas. A person who specialises in raising groupers in Cat Ba Town said that he witnessed the phenomenon on March 23-24. According to some local fishermen, this would be the phenomenon of red tide, caused by the simultaneous blooming of marine algae, which occasionally appears in the waters of Cat Ba. Red tides can threaten fish. A representative from the Cat Ba Bay management board said that since early March, the pollution has had a bad impact on tourists. The board is focusing on rubbish … [Read more...] about Lan Ha Bay faces pollution
ATR 72-500 plane to be auctioned again
The Hanoi Justice Department’s Property Auction Centre will hold an auction for an ATR 72-500 plane at a starting price of VND136.6 billion (USD5.6 million), excluding taxes and fees. The Vietnam Aircraft Leasing Joint Stock Company (VALC) has authorised the department to conduct the auction. The plane was made in 2010 and has 68 seats. The ATR 72-500 plane People who want to join the auction have to deposit VND6.8 billion (289,361). They can directly check the plane at Tan Son Nhat International Airport in HCM City from March 24 to April 4. The auction will be organised in Hanoi on April 10. This plane has been auctioned eight times but failed to find a buyer. The first time was 2016 with a starting price of VND215 billion. In 2018, it was auctioned again at the price of VND189 billion. The plane was hired by national flag carrier Vietnam Airlines to run on routes to airports that cannot receive Airbus 320 aircraft, including Con Dao, Kien Giang, Ca … [Read more...] about ATR 72-500 plane to be auctioned again
Van Don int’l airport to pilot biometric authentication for passengers
The Civil Aviation Authority of Vietnam (CAAV) has announced that passenger biometric authentication (facial recognition) will be piloted at check-in desks in Van Don international airport in the northern province of Quang Ninh. The Van Don int’l airport will pilot biometric authentication for passengers. - Illustrative image (Photo: VNA) The authority has asked the airport to take measures to prevent congestion and handle situations that arise during the trial period. It also requested the airport to coordinate with relevant agencies and businesses to evaluate the effectiveness of the pilot application regarding aviation security risks and convenience for passengers, and submit monthly reports to the CAAV. Vietjet Air and Hanoi-based Noi Bai international airport’s aviation security centre will worked closely with Van Don international airport and related partners in this scheme. Previously, the CAAV has proposed to the Ministry of Transport on extending the … [Read more...] about Van Don int’l airport to pilot biometric authentication for passengers
Lang Son considers building four routes for panoramic geopark touring
The Dong Lam meadow in Huu Lung district, Lang Son . (Photo: VNA) Lang Son (VNA) – The northern mountainous province of Lang Son is working to complete a report on the addition of tourist attractions to the four sightseeing routes planned for its geopark area ahead of March 30, heard a working session on March 27. The session took place between the Lang Son authorities and a delegation of consultants for developing the geopark into a global one, led by Guy Martini , chairperson of the UNESCO Global Geoparks Council . Chairing the meeting, Permanent Vice Chairman of the provincial People’s Committee Duong Xuan Huyen took into account recommendations of the experts. He assigned localities involved to coordinate with the management board of the geopark to complete the report. On March 11-15, the delegation examined the current status of geological heritage, biodiversity, cultural heritage and tourism products in Lang Son city and the six districts of Loc Binh, … [Read more...] about Lang Son considers building four routes for panoramic geopark touring
$42mn coastal route put into use to boost economic development in south-central Vietnam
A coastal route costing nearly VND1 trillion (US$42.5 million) has been put into use for economic development in Khanh Hoa Province, south-central Vietnam. The coastal route was put into operation in Van Ninh District, Khanh Hoa Province on Monday morning. The road, stretching from National Highway 1 to Dam Mon Peninsula in Van Phong Bay, located in Van Ninh District, is about 14.3 kilometers long and 34 meters wide with six lanes. The project was developed by Van Phong Economic Zone Management Board, and the construction was initiated in 2016. The road was built to create favorable conditions for transport infrastructure in the region, connect Hon Lon Island with other islands in Van Phong Bay, and gradually complete the infrastructure of the northern area of the Van Phong Economic Zone. The first cars to travel on the coastal route in Khanh Hoa Province, Vietmam. Photo: Minh Chien / Tuoi Tre Van Phong to become the center of a green economy At the … [Read more...] about $42mn coastal route put into use to boost economic development in south-central Vietnam