Environment noise level

The stock trading board inside the Ho Chi Minh Stock Exchange (HoSE). In order to promote the healthy development of Viet Nam's stock market, it is necessary to diversify products on offer. — Photo HoSE The State Securities Commission (SSC) will review the Law on Securities and related decrees to complete the legal framework, and strengthen sanctions for violations to protect the legitimate rights and interests of investors. “Although the current Law on Securities stipulates a high level of sanctions for violations compared to the common ground, the maximum administrative fine is VND3 billion for organisations and VND5 billion for individuals. However, recent violations in the market have shown that these fines have not been strict enough, requiring a higher level of sanctions and tighter regulations,” said Ta Thanh Binh, Director of Market Development Department under the State Securities Commission. At a seminar held late last week, Binh said the SSC will step up the … [Read more...] about Stock market violations to face stricter sanctions

Taxies wait to pick up passengers at Tan Son Nhat Airport. The use of electric vehicles would lesson reliance on fluctuating global fuel prices and supply sources. — VNA/VNS Photo Hong Dat The Hanoi Taxi Association is urging for the pilot implementation of battery-powered cabs to reduce environmental impact and stay abreast of global trends. The association's Deputy President, Ho Quoc Phi, noted that electric cars are widely regarded as the future of the automobile industry, offering advantages such as easy refuelling, reduced maintenance, increased safety, no need to change oil or coolant, and less engine noise. Several taxi companies in the capital have conducted surveys, tests, and preliminary evaluations on using electric vehicles in their operations to keep pace with the global transportation industry and capitalise on opportunities. The use of electric vehicles would be an advantage in fluctuating fuel prices because of heavy dependence on the global situation and … [Read more...] about Association calls for pilot implementation of battery-powered taxis

Italian Undersecretary of State for Foreign Affairs and International Cooperation Maria Tripodi. (Photo: VNA) Rome (VNA) – Over the past 50 years, breakthrough progress has been witnessed in the Italy-Vietnam relationship, both bilaterally and multilaterally, Italian Undersecretary of State for Foreign Affairs and International Cooperation Maria Tripodi told Vietnam News Agency . Tripodi said that Italy was one of the first western countries to set up diplomatic relations with Vietnam in 1973. Since then, the two sides have maintained their profound friendship and solidarity. During COVID-19, the Vietnamese Government presented Italy with more than 300,000 masks, while Italy provided Vietnam with over 2.8 million doses of COVID-19 vaccines, she noted. She underlined that for Italy, Vietnam is an important interlocutor and an essential partner to ensure balance and promote sustainable economic progress in the Indo-Pacific, a region that is playing a more central role than … [Read more...] about Vietnam, Italy enjoy strong partnership bilaterally and multilaterally

A household in District 4, Ho Chi Minh City that breeds 82 dogs as pets in a 2.6m-wide house has been fined VND64 million (US$2,724) for causing environmental pollution. A representative of the People’s Committee of Ward 9 in District 4, where the family of Nguyen Thi My Thanh -- the owner of the dogs -- resides, confirmed the information to Tuoi Tre (Youth) newspaper on Tuesday. In particular, Thanh’s family was fined VND40 million ($1,698) for discharging wastewater which exceeds the criteria by over 10 times and VND24 million ($1,019) for releasing wastewater with a pH level above the permitted. The household was also asked to take measures to deal with the environmental pollution and pay measurement and sample analysis fees. According to the representative of the People’s Committee of Ward 9, most of the 82 dogs are puppies and sick canines that other people brought to Thanh’s house. Local residents have repeatedly complained that Thanh dumped the dogs’ excrement … [Read more...] about Ho Chi Minh City household raising 82 dogs fined for causing environmental pollution

Its currency deposit and issuer ratings were lowered from Ba2 to Ba3, the same level as several other banks in Vietnam. Its outlook is down from stable to negative. "The downgrade of Techcombank's ratings and assessments reflects Moody's expectations that the stress faced by Vietnam's real estate sector will negatively impact the bank's standalone credit strength, given its high exposure to the sector," the ratings agency said in a release. The downgrade is not related to recent U.S. bank failures and events at Credit Suisse Group AG, it claimed. As of the end of December loans to the property and construction sectors represented 29% of Techcombank's gross loans. The bank also had exposure to the sectors in the form of corporate bonds, which made up 6% of its total assets. Some of its exposure to the property sector were of significant size relative to its tangible common equity and could bring volatility to its profitability and capital should they become problem assets. … [Read more...] about Moody’s lowers Techcombank ratings