Saigon: Flood fears rise as river levels surge The tide reached 1.4 metres (alarm level 2) at 5pm on Saturday, flooding low-lying areas in Districts 2, 8, Binh Thanh, and Nha Be. It rose to 1.47 metres by 5.30pm. The water level is expected to recede to 1.4 metres this morning before rising at 6pm to 1.51 metre, a centimetre above alarm level 3. The tide would begin to ebb on Tuesday, the station said. Le Thanh Hai, deputy director of the National Hydro-Meteorological Forecast Centre, said though the low pressure that had formed over the East Sea had dissipated, there would be more rain in the south, especially today's evening, which would possibly combine with the high tide to cause flooding. The HCM City Steering Board for Flood and Storm Prevention and Control has urged district authorities in low-lying districts like Binh Thanh, Thu Duc, Cu Chi, and Hoc Mon to reinforce embankments and focus on efforts to cope with the high tide. Twenty illegal air guns seized aboard … [Read more...] about Small change for the working classes
Construction loans how they work
How The Bourse Was Born Reported by Hai Ly Le Van Chau, the first chairman of the State Securities Commission, recalls the nascent stage of the stock market on its 10th anniversary In October 1993, the World Bank, the International Monetary Fund and the Asian Development Bank resumed credit relations with Vietnam. Subsequently, other countries started to offer loans again. Those attending the Paris Club conference also decided to write off 50% of Vietnam’s debt (about US$500 million). Donors also promised to provide Vietnam with US$2 billion of aid after their first meeting held in Paris. As the country took tentative steps on the path of economic liberalization, a crucial challenge was to mobilize domestic and foreign capital to fuel growth. The concept of a stock market was then initiated. In my memory, [the late Prime Minister] Vo Van Kiet was among the first to support the launch of the stock market. At a meeting where the Government presented the stock market development … [Read more...] about How The Bourse Was Born
On the morning of March 18, Minister and Head of the government Secretariat - Nguyen Xuan Phuc - visited Dong Nai and discussed administrative reforms and the government's demand stimulus package with the province. Secretary of the provincial Party Committee - Tran Dinh Thanh, Chairman of the provincial People's Committee - Vo Van Mot, Vice chairman of the provincial People's Committee - Tran Van Vinh and the representatives of the provincial departments, committees and sectors met with the delegation. Comrade Nguyen Xuan Phuc - Minister and Head of the government Secretariat delivered a speech in the meeting The provincial People's Committee's report showed how the government's Resolution no. 30 and Prime Minister's Decision no. 12 on the solutions to prevent economic downturn, maintain economic growth and ensure social security were followed. The provincial People's Committee timely informed departments, committees, sectors, regions and concerned units. Until late February, 2009 … [Read more...] about Minister and Head of the government Secretariat – Nguyen Xuan Phuc – paid a working visit to Dong Nai.
Farmers ignore State loan scheme (21-08-2009) Fear of red tape, bureaucracy has scared farmers away from soft loan programmes. Farmers in the southern province of Long An harvest rice with equipment bought with Government loans. Farmers have suggested the Government simplify the scheme to make it easier for them to apply for a loan. — VNA/VNS Photo Dinh Hue HA NOI — Farmers are largely shunning a Government scheme to help rural workers buy agricultural machinery and construction materials. Under Decision 497/QD-TTg issued on April 19 by the Prime Minister, farmers can qualify for soft loans from commercial banks, which are interest free for the first 12 months. Farmers can also borrow money at 4 per cent interest to buy fertiliser, pesticides and construction materials, repayable over 24 months. However, according to a bank report, few rural workers have taken advantage of the scheme. The Bank for Agriculture and Rural Development in Central Highland Gia Lai … [Read more...] about Farmers ignore State loan scheme
Tran Quoc Thai, a Ministry of Construction official, has just returned to Vietnam from a working trip in Europe, where he met with several French firms eyeing opportunities to establish new companies or sell eco-friendly building materials in Vietnam.Thai said that apart from growing demand for these products, the firms he met are significantly interested in the country’s new ecological regulations – whereby the use of eco-friendly building materials is compulsory for state-funded construction projects.“The government annually uses tens of billions of US dollars from its budget to build state-funded works,” Thai, vice head of the Ministry of Construction’s (MoC) Department of Urban Development, told VIR. “Foreign firms are particularly interested in this new regulation, because the conditions are more transparent than the old ones issued in 2012.”Two weeks ago, MoC issued Circular No.13/2017/TT-BXD, effective from February 1, 2018, on the use … [Read more...] about Eco-construction pulls new market