Grade iii climbing

Seven international partners will support the investment in infrastructure, transport, urban development, and climate response. Nearly US$8 billion will be pumped into Vietnam's Central Coast region to support the socio-economic development of the region towards sustainability and climate adaptation. An overview of the signing and awarding ceremony. Photo: Trung Nhan/The Hanoi Times The value was announced at a signing ceremony held on February 5 between the Ministry of Planning and Investment and international partners. Accordingly, the local authorities granted investment certificates and approved investment policies and investment cooperation for domestic and international investors. Among the investment deals, seven development partners are committed to providing a total capital of more than US$1.7 billion in 45 projects. The partners included the Asian Development Bank (ADB), the French Development Agency (AFD), the International Fund for Agricultural … [Read more...] about $8 billion to be pumped into Vietnam’s Central Coast

Deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu has said that bad debts are climbing for both credit organisations and the wider economy. "It is an ongoing challenge to manage bad debts and banking activities will be seriously affected over the next few years," said Tu. He said that the woes would be revealed more clearly as the ratio of on-balance-sheet bad debt continues to grow due to inflation and interest rate rises. At the end of 2022, bad debts were classified based on the groups of borrowers and economic issues like recovery and inflation curbing. Can Van Luc, a member of the National Monetary and Financial Policy Advisory Council, said that on-balance-sheet bad debt could reach 2.3-2.5 per cent and gross bad debt could hit 6 per cent in 2023, rising into 2024. As the regulations on unchanged debt groups in Circular No.14/2021/TT-NHNN expire, economic recovery could suffer. According to the SBV, at the end of 2022, the ratio of … [Read more...] about Bad debts continue to soar at commercial banks

The magnitude 7.8 quake brought down whole apartment blocks in Turkish cities and piled more devastation on millions of Syrians displaced by years of war. It struck before sunrise in harsh weather and was followed in the early afternoon by another large quake. In Diyarbakir in southeast Turkey, a woman speaking next to the wreckage of the seven-storey block where she lived said: "We were shaken like a cradle. There were nine of us at home. Two sons of mine are still in the rubble, I'm waiting for them." She was nursing a broken arm and had injuries to her face. "It was like the apocalypse," said Abdul Salam al-Mahmoud, a Syrian in the northern town of Atareb. "It's bitterly cold and there's heavy rain, and people need saving." The earthquake was the biggest recorded worldwide by the U.S. Geological Survey since a tremor in the remote South Atlantic in August 2021. In Turkey, the death toll stood at 2,316, the Disaster and Emergency Management Authority (AFAD) said, making … [Read more...] about Major earthquake kills 3,700 in Turkey and Syria, weather hits survivors

HATAY, Turkey/DAMASCUS -- The screams of people still trapped in the rubble filled the night early on Tuesday and relatives wept for their loved ones as the death toll in Turkey and in neighbouring northwest Syria rose to more than 3,700. The magnitude 7.8 quake rippled through both countries early on Monday, toppling entire apartment blocks, wrecking hospitals, and leaving thousands more people injured or homeless. Freezing winter weather hampered search efforts for survivors through the night into Tuesday. A man stands in front of a collapsed building after an earthquake in Osmaniye, Turkey February 6, 2023. Photo: Reuters Under a pile of rubble in the southern province of Hatay, a woman's voice could be heard calling for help. Nearby, the body of a small child lay lifeless. Weeping in the rain, a local resident who gave his name as Deniz wrung his hands in despair. "They're making noises but nobody is coming," he said. "We're devastated, we're devastated. … [Read more...] about In Turkey, night fills with screams and crying as earthquake rescues go on