There is a wind farm located in the coastal area of Vinh Trach Dong commune, more than 10km from Bac Lieu city centre. This was Vietnam’s first wind power project, built in 2010 with investment in the trillions of VND. With a landscape as beautiful as a European sky, the area quickly became a tourist attraction. The arrangement of the turbines combined with local roads makes travel easy, and visitors can go from one area to another without any problems. The most suitable time to visit is early morning or late afternoon, when you can enjoy the sunrise and sunset over the sea. Bac Lieu’s wind power area has been recognised by the Mekong Delta Tourism Association as an outstanding tourist destination in the Delta, with nine typical tourist attractions./. VNA … [Read more...] about Stunning wind farm in Bac Lieu province
Bidv bac lieu
Bac Giang focuses on developing preventive medicine system
The Biochemistry and Hematology Laboratory at Song Thuong General Hospital is equipped with modern facility (Photo: VNA) Bac Giang (VNA) – Positive results have been recorded in preventive medicine work in the northern province of Bac Giang after two years of implementing Directive No 05-CT/TU dated May 5, 2021 of the Standing Board of the Provincial Party Committee on improving the capacity of the work to meet the requirements of the new situation. The outcome is attributed to a sharp increase in investment in preventive medicine . non-communicable diseases receiving treatment have been on the rise. health stations . Bac Giang continues to pay attention to improving the capacity of preventive medicine work in the locality. It will focus on developing a preventive health system that is capable of forecasting and controlling infectious, non-communicable and occupational diseases as well as food-borne maladies. The number of residents that have been … [Read more...] about Bac Giang focuses on developing preventive medicine system
No-fly, restricted zones to UAVs, ultra-light craft to be test operated
No-fly, restricted zones to UAVs, ultra-light craft to be test operated. (Photo: http://mod.gov.vn/) Hanoi (VNA) – The Ministry of Defence has issued a plan to publicise the test operation of no-fly and restricted zones to unmanned aerial vehicles (UAVs) and ultra-light flying craft . According to the plan posted on the Ministry of Defense's portal, within a 3-month trial period (May 31 - August 31, 2023), summarised information and data regarding the no-fly and restricted zones to those craft in 15 provinces namely Quang Ninh, Cao Bang, Thai Nguyen, Bac Giang, Bac Ninh, Thua Thien – Hue, Quang Nam, Gia Lai, Dak Lak, Khanh Hoa, Lam Dong, Dong Nai, Binh Duong, Tien Giang, and Ben Tre, will be made available at http://cambay.mod.gov.vn. During the trial period, databases related to other localities will be also reviewed. The trial operation aims to help Vietnamese and foreign organisations as well as individuals involved in the management, operation, and use of … [Read more...] about No-fly, restricted zones to UAVs, ultra-light craft to be test operated
Core business key as companies pull out of real estate
In early April, the Board of Directors at Nam Viet JSC, a seafood producer in the southern region, gave the nod to the decision on dissolving Nam Viet Real Estate Co., Ltd. This company, based in Long Xuyen city in the Mekong delta province of An Giang, was founded in March 2022 to operate in real estate. Real estate might not always prove a fertile venture At the inception, the company had $3.5 million in chartered capital, which was scaled down to around $391,300 in mid-June 2022 before terminating operation in the recent past. At the company’s 2022 general annual shareholders meeting in June, CEO Doan Toi told shareholders that the company owned land, and that they would unveil two real estate projects later in the year, and another two in 2023. Last year, Nam Viet set an ambitious pre-tax profit target of VND1 trillion ($43.4 million) compared to a mere $6.5 million pre-tax profit posted in 2021, and committed to maintaining its profit in the range of a … [Read more...] about Core business key as companies pull out of real estate
Banks to promote online lending through national population database access
Access to this huge amount of customer data is a golden opportunity for banks to promote digital services and products, especially online lending. — Photo baodautu.vn Through a series of newly-issued regulations and access to the national population database, banks are planning to expand their online money-lending services. Deputy Governor of the State Bank of Viet Nam (SBV) Pham Tien Dung said accessing the national population database will help banks to check and authenticate new customer information more easily. Commercial banks will promote lending services on their electronic platforms based on this database. The draft amending the Law on Credit Institutions has many regulations specifying banking services via electronic devices. Besides that, several provisions supplemented by Civil Law and the Law on Electronic Transactions are necessary to complete the legal framework for online lending. Online lending, mostly small loans, has been implemented by many banks for a … [Read more...] about Banks to promote online lending through national population database access
Northern Vietnam lacking sufficient electrical power
The northern region of Vietnam is in the midst of a scorching heatwave. A representative from EVN stated that electricity consumption, both nationally and in Hanoi in particular, has steadily increased recently as a result of widespread and prolonged hot weather. According to EVN's statistics, the average daily electricity consumption in the city was 58,336 million kWh in March, 61,542 million kWh in April, and 75,406 million kWh in May. Consequently, average electricity consumption in May increased by more than 22.5 per cent compared to April. Deputy Minister of Industry and Trade (MoIT) Do Thang Hai, speaking on June 3, said, "Some areas currently lack sufficient electricity for production and daily, but the situation will soon be rectified." The power disruption in Hanoi and other areas will only last for a limited duration. According to Hai, hydropower, one of the primary sources of electricity in the north, is being mobilised at a low level due to the lack of sufficient … [Read more...] about Northern Vietnam lacking sufficient electrical power
Vietcombank permitted to raise capital to $2.3 billion
Transactions at Vietcombank. — Photo courtesy of the bank The State Bank of Viet Nam (SBV) just allowed Vietcombank to raise its charter capital from VND47 trillion (US$2 billion) to VND55 trillion ($2.3 billion) by issuing shares to pay dividends from the remaining profits of 2019 and 2020. Previously, the bank’s 2022 Annual General Meeting of Shareholders approved the issuance of 856.5 million dividend stocks at a rate of 18.1 per cent. Once the issuance is completed, its charter capital will increase by nearly VND8.6 trillion to more than VND55.89 trillion, thereby surpassing Vietinbank and BIDV to become the second largest bank, after VPbank. Vietcombank said that the mobilised capital will be spent on expanding the business scale to meet the economy’s requirements, and investing in improving management and operation plans. The bank also plans to issue a maximum of nearly 2.8 billion shares to pay dividends from the remaining profit of 2021 and the remaining profit … [Read more...] about Vietcombank permitted to raise capital to $2.3 billion
Shares to keep uptrend this week
A transaction at Military Bank (MBB). MBB rose 6.8 per cent last week. — Photo MBB Shares are predicted to continue their short-term uptrend thanks to the return of cash flow this week. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) had risen 2.5 per cent last week. An average of 917.3 million shares were traded on the southern exchange during each session last week, worth 15.6 trillion (US$664.3 million). With the positive movement of banking and large-cap groups, the market surpassed 1,080 points and closed with a good gain in the last session of last week. Liquidity also continued to increase, showing that investors' trading sentiment was more positive although profit-taking still presented in some sectors at the end of the session, said Viet Dragon Securities Co (VDSC). “With this development, investors can expect the cash flow to continue to support and help the market gradually move to higher price ranges in the near future.” “It is expected that … [Read more...] about Shares to keep uptrend this week
New apartment buildings must have life span: Hanoi Party Chief
The amended Housing Act lacks provisions on the life span of condominiums, which may cause problems for the authorities when it comes to renovating the buildings. The secretary of the Hanoi Party Committee, Dinh Tien Dung, suggested on May 5 that there should be an expiration date for the ownership of apartments. An old apartment building in Thanh Xuan Bac Ward of Thanh Xuan District. Photo: Thai San/The Hanoi Times Commenting on the amended Housing Law, he said the expiration date would make the Government responsible for maintaining and repairing deteriorating apartment buildings in time. "The Government is responsible for protecting people, and moving them out of dilapidated buildings is for their good," said Dung, who heads Hanoi's delegation to the National Assembly. Many people in Hanoi now live in degraded apartment buildings. There is a lot of pressure on the capital to relocate these people so that authorities can renovate the … [Read more...] about New apartment buildings must have life span: Hanoi Party Chief
Garment and textile sector hardest hit in layoff wave
The domestic garment and textile sector has been hardest hit in the on-going wave of layoffs due to the economic downturn, according to the Ministry of Labour, Invalids and Social Affairs (MoLisa) report. The Molisa report showed that in the first half of this year, a total of 510,000 people had their job affected. Among those, 280,000 stopped working or were fired, mostly in industrial parks and economic zones in Binh Duong, Dong Nai, HCM City, Bac Ninh, Hai Duong and Hanoi. Roughly 195,039 workers had their working hours cut during the first half of the year. Up to 8,644 companies had to cut their workforce due to the order shortage. The garment and textile industry were hardest hit as up to 68,782 workers stopped their job or were fired. Meanwhile, 66,600 others in this sector had their working hours reduced. It was followed by the electronic component and product sector with 45,075 people and the footwear industry with 31,653 people quitting their work or … [Read more...] about Garment and textile sector hardest hit in layoff wave