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/ March 4, 2021

Tour guides form team to save coral off coast of Binh Thuan

Coral is seriously damaged by crown-of-thorns starfish (Photo courtesy of Nguyen Van Gioi) Binh Thuan (VNS/VNA) - During a dive on a small island off the coast of Binh Thuan province, Nguyen Van Gioi and other tour guides were able to see hundreds of poisonous crown-of-thorns starfish , which are coral predators. “When diving to look at coral reefs on Hon Tranh isle, we saw crown-of-thorns starfish seriously devastate the coral reefs,” said Gioi, a tour guide on Phu Quy Island in the south-central coastal province. He and other tour guides on the larger island of Phu Quy decided to set up a team "to catch these poisonous crown-of-thorns starfish to save coral." According to the Australian Institute of Marine Science, crown-of-thorns starfish are marine invertebrates that feed on coral and occur naturally on reefs throughout the Indo-Pacific region, and when conditions are right, they can reach plague proportions and devastate hard coral communities. The institute’s research has revealed that crown-of-thorns starfish are a major cause of coral loss on the Great Barrier Reef. These starfish can grow to over 50 centimetres in diametre, and one individual can consume over 13 square metres of coral reef per year, according to the New Heaven Reef Conservation Programme’s team in Thailand. When Gioi and other members of the team have free time, they go to Hon Tranh isle to catch crown-of-thorns starfish. “In one day, we can catch nearly 500-700 starfish. We often catch them in summer because the water is warm for diving,” Gioi said. Compared to the past, more and more crown-of-thorns starfish are appearing because of an imbalance in the marine ecosystem, he said, adding that starfish predators such as giant triton snail and sea urchins are overfished on the island to serve tourism. Sea urchins play a critical role in maintaining the balance between coral and algae. Nguyen Trong Tan, another member of the team, said: “Diving to see coral …

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/ March 4, 2021

Private investments reach new peak

Private investment s in Vietnam have reached a new peak in contrast to the trend towards decline around the world and in the ASEAN region . (Photo: baoquocte.vn) Hanoi (VNA) - Private investments in Vietnam have reached a new peak in contrast to the trend towards decline around the world and in the ASEAN region due to the impact of COVID-19 . Thanks to its success in containing the pandemic, Vietnam has emerged as a bright spot, with economic growth reaching 2.91 percent in 2020 - a positive rate given the gloomy global picture. The International Monetary Fund (IMF) forecast that its GDP will grow 6.7 percent this year. Goldman Sachs and HSBC are even more optimistic about the economy, which, they said, will expand 8.1 percent in 2021. Vietnam’s middle and upper class is expected to grow substantially, from 25 percent of the national population in 2017 to 45 percent in 2030. Moreover, free trade agreements to which Vietnam is a signatory have benefited the country regarding tariffs and exports, especially smartphones and electronic products, garments and textiles, footwear, and agricultural products. Adjustments to the Law on Enterprises and the Law on Investment have also played a part in the country’s positive outlook. In private investment, a total of 59 transactions worth 1.14 billion USD were conducted in 2020, with technology retaining its leading role over the last five years. Local retail and service firms associated with technological solutions have caught the eye of investors, with notable investments including 100 million USD by Warburg Pincus in Momo e-wallet and the Northstar Group’s 130 million USD in Tiki - one of the three leading e-commerce platforms in the country. Conglomerate Vingroup posted a record in this regard after GIC injected 500 million USD into Vincommerce in 2019 and KKR funnelled 650 million USD in Temasek and Vinhomes in 2020. Investments in healthcare have also increased rapidly, as Mekong …

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