Hung yen urban investment and development co ltd

One of Hanoi's most fascinating and historic events, the festival is a tribute to Saint Giong, one of Vietnam's four immortals. The 2023 Giong Festival kicked off last week at Phu Dong Temple in Hanoi's suburban Gia Lam district. The festival's opening ceremony also marked the recognition of Phu Dong Commune as a new rural area. The opening ceremony of the Giong Festival at Phu Dong Temple in Phu Dong Commune of Gia Lam District. Photo: Hoang Quyet/The Hanoi Times Speaking at the ceremony, Nguyen Duc Hong, Vice Chairman of Gia Lam District People's Committee, said the district is an ancient land of cultural convergence of Thang Long (original name of Hanoi) and Kinh Bac (an old name designating the northern provinces of Bac Ninh and Bac Giang) and the holy place where Saint Giong was born. "The festival is in commemoration of Saint Giong, or Heavenly King of Phu Dong, who led the country against foreign invaders during the reign of the Sixth Hung King. The … [Read more...] about Kick-off of the UNESCO-recognized Saint Giong Festival

An overview of the NA's fifth session. (Photo: VNA) Hanoi (VNA) – National Assembly (NA) deputies will continue their ongoing fifth session on May 30 discussing important matters, including a draft Law on Electronic Transactions (revised) and a draft resolution on pilot special policies for the development of Ho Chi Minh City. The draft Law on Electronic Transactions (revised) has seven chapters and 54 articles. Compared to the current version, the bill has 31 new and nine amended articles, while erasing a number of regulations in five and eliminating three articles. During the morning discussion, NA deputies will decide the investment policy for the project to construct road from National Highway 27C to Road 656 in Khanh Hoa province which links to Lam Dong and Ninh Thuan provinces, as well as the adjustment of the investment policy for Ka Pet reservoir in Ham Thuan Nam district of Binh Thuan province. In the afternoon, they are scheduled to listen to a proposal and a … [Read more...] about NA deputies continue to discuss draft laws, resolutions on May 30

The event attracted the participation of more than 100 people from large Korean investment funds, conglomerates, and small- and medium-sized enterprises operating in banking, green energy, green industry, smart city – urban area building and development, 4.0 industry, science and technology, high-tech agriculture, and manufacturing fields. Deputy head of the ministry’s Consular Department Trinh Thi Mai Phuong said that the forum is a highlight of the program to promote Vietnamese localities in the RoK lasting from May 29 to June 1 to foster cooperation and connectivity between Vietnamese localities and RoK localities and businesses. At the forum, VKBIA President Tran Hai Linh stated that the collaboration between Vietnamese and RoK localities plays an important role in fostering economy, trade, and investment between the two countries. Leaders of Can Tho, Bac Lieu, Kon Tum, and Thua Thien Hue informed the forum on their localities’ potential, strength, and socio-economic … [Read more...] about Vietnam, RoK localities step up cooperation

Latest figures from the central bank show that in late February the on-balance sheet non-performing ratio of the banking system stood at 2.91 per cent, an increase compared to 2.46 per cent in late 2016, 1.49 per cent in late 2021 and most recently, 2 per cent in late 2022. However, according to a State Bank of Vietnam (SBV) assessment, several sorts of debts have the potential to be turned into bad debts in the future, such as investment into corporate bonds for debt restructuring, hard-to-collect receivables, among others. “If such debts were considered, the non-performing loans (NPLs) ratio of the system might reach 5 per cent of total outstanding balances,” said SBV Governor Nguyen Thi Hong. One positive point is that credit institutions have been taking practical measures to ensure operational safety through boosting their loan loss reserve (LLR) funds for their bad debts . Accordingly, credit institutions have maintained a fairly high LLR ratio approximating … [Read more...] about How bad debts influence lending rates