Fine dust 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

Meeting Politburo member of the Mexican Labor Party (PT) and Chairman of the Mexican Chamber of Deputies’ Committee on Foreign Affairs Alfredo Femat Bañuelos during his ongoing working trip to the Latin American country from March 22-27, Hai said the Party organization of HCM City wishes to contribute to maintaining and bolstering fine relationship between the Communist Party of Vietnam and the PT. He believed that following the visit, both sides will continue holding programs and events to promote cultural and tourism exchange between Ho Chi Minh City and Mexico. Bañuelos, for his part, said Mexico desires to step up cooperation programs between the two parties in general and with Ho Chi Minh City in particular, especially in acupuncture and personnel training. He said such programs not only popularize Vietnam's images in Mexico and Latin America but also enhance the PT’s reputation domestically and regionally. The host vowed to continue expanding the scope of cooperation to … [Read more...] about Ho Chi Minh City leader visits Mexico to boost ties

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