The CFA is part of the UK Government's efforts to help Vietnam meet the commitments made by Prime Minister Pham Minh Chinh at COP26 in Glasgow in 2021. Nine low carbon projects from across Vietnam have been announced to be part of the first cohort of the Climate Finance Accelerator (CFA) Vietnam. The selected projects come from diverse sectors including renewable energy, resource and energy efficiency, electromobility, AFOLUs (agriculture, forestry and other land uses), decarbonised construction, circular economy and waste management, and have the potential to benefit communities across Vietnam. Deep C Green is one of the first nine low-carbon projects in Vietnam to join the CFA. Photo: Deepc.vn Projects will receive tailored one-on-one and group support to improve project readiness and chances of attracting investment from Vietnamese and international investors. This will include advice on technical aspects, financial models, and pitch materials, as well as … [Read more...] about UK-funded CFA to support nine low-carbon projects in Vietnam
Person dies without will
A laborer needs to save for 25 years to buy an apartment
It is now nearly impossible to buy a new apartment at the VND 2 billion mark. According to a report in 2022 from Rever, a Southeast Asia technology firm in real estate brokerage, for VND1.5-1.8 billion, one can buy a 30-55 square meter apartment built 6-10 years ago in Thu Duc City, on the secondary market. The average income of workers in Ho Chi Minh City (HCMC) this year is about VND148 million a year, according to property listing platform Batdongsan.com.vn. By that calculation, it will take up to 24 years to save, with no spending on anything, just to buy an apartment. The type of apartment used in this survey costs VND3.5 billion per unit. The data also shows that Vietnam ranks first in Southeast Asia in terms of the gap between house prices and average worker incomes. From 2018 to 2021, the ratio of the difference between real estate prices and the average income of Vietnamese has continuously increased, surpassing even Singapore. On the other hand, Indonesia, Malaysia and … [Read more...] about A laborer needs to save for 25 years to buy an apartment
Visa upgrade at heart of fresh approach to tourism
Visas, service quality, and technology were all part of discussions on a better-performing tourism sector Photo: Cuong Minh May’s National Assembly session is likely to help push ahead a revamp of the country’s rules on entry and exit for foreign visitors, after the Ministry of Public Security crafts amendments to the current law. The development will be an important basis for the issuance of new regulations related to the visa policy, removing difficulties for the tourism industry, and creating conditions to attract more international visitors this year, according to most observers. Dang Tuan Viet, deputy director of the Ministry of Public Secrutity’s (MoPS) Vietnam Immigration Department, said that the proposal emphasised two major areas related to unilateral visa exemption and electronic visa policy. The MoPS also proposes to expand the number of countries that can issue e-visas from 80 countries to the maximum. The MoPS will also ask to increase the temporary stay … [Read more...] about Visa upgrade at heart of fresh approach to tourism
Lan Ha Bay faces 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
Kredivo closes $270m Series D equity round
This round was led by Japanese global bank Mizuho Bank, Ltd., a subsidiary of Mizuho Financial Group, Inc. and drew significant interest from Kredivo Holdings’ existing stable of top tier investors, including Square Peg Capital, Jungle Ventures, Naver Financial Corporation, GMO Venture Partners, and Openspace Ventures. This funding round will cement Kredivo’s leading position in the digital financial services industry through its powerful expanding ecosystem which includes online and offline Buy Now, Pay Later (BNPL), personal loans, credit cards (physical and virtual) and support the upcoming launch of the neobank Krom. Kredivo is already a market leader in the third party BNPL segment in Indonesia, covering all major ecommerce and offline channels in the country via its open loop network. Akshay Garg, CEO of Kredivo Holdings said, “Despite challenging market conditions, investors continue to recognise the scale and strength of our business, and our innovation potential. … [Read more...] about Kredivo closes $270m Series D equity round
Walt Disney Co begins 7,000 layoffs
Walt Disney Co on Monday began 7,000 layoffs announced earlier this year, as it seeks to control costs and create a more "streamlined" business, according to a letter Chief Executive Bob Iger sent to employees and seen by Reuters. Several major divisions of the company - Disney Entertainment, Disney Parks, Experiences and Products, and corporate - will be impacted, according to a person familiar with the matter. ESPN is not touched by this week's round of cuts, but is anticipated to be included in later rounds. The entertainment industry has undergone a retrenchment since its early euphoric embrace of video streaming, when established media companies lost billions as they launched competitors to Netflix Inc. Media companies started to rein in spending when Netflix posted its first loss of subscribers in a decade in early 2022, and Wall Street began prioritizing profitability over subscriber growth. Iger said Disney would begin notifying the first group of employees who are … [Read more...] about Walt Disney Co begins 7,000 layoffs
Belgians hunt ‘third man’ after Islamic State bombings
BRUSSELS, March 24 - A "third man" seen with two Islamic State suicide bombers at Brussels Airport was the focus of a Belgian manhunt on Thursday after police identified three others, including two brothers, who killed at least 31 people at the airport and on a city metro train. Turkey's president criticised Belgium for failing to track Brahim El Bakraoui, a convicted Belgian armed robber whom it deported last year and who blew himself up at the airport on Tuesday an hour before his brother Khalid, a fellow convict, killed some 20 people at Maelbeek metro station in the city centre. The third bomber, security sources told Belgian media, was Najim Laachraoui, a veteran Belgian Islamist fighter in Syria suspected of making explosive belts for November's Paris attacks and who also detonated a suitcase bomb at the airport. The "third man", captured on airport security cameras pushing a baggage trolley into the departures hall alongside Laachraoui and Brahim El Bakraoui, is now the … [Read more...] about Belgians hunt ‘third man’ after Islamic State bombings
School is not a fashion show, but is strict uniform rule necessary?
After a video went on social media showing a high school teacher in Vinh Phuc Province cutting a student's hair off in class for dyeing it, readers jumped in to take sides. "I personally I totally agree on not allowing hair dyeing or wearing make up in school BUT I couldn't disagree more on a teacher shaming a student in front of a class and actually cutting her hair herself. That is absolutely unacceptable to me and I hope that teacher gets punished for such action." d.a.i.suki.x.x "Children that are allowed not to follow simple schools rules, will be adults unwilling to respect basic rules. The school has rules, and those must be followed just like any other rule. Parents should be the first to teach children to abide rules and regulations." miyahoy537 "The Ministry of Education should have a standard set of regulations for all schools to follow. It's for discipline and education. In school it is not a fashion show. No need to flaunt wealth and individuality." … [Read more...] about School is not a fashion show, but is strict uniform rule necessary?
Three children, 3 adults shot dead by ex-student at Tennessee Christian school
A heavily armed 28-year-old fatally shot three children and three adult staffers on Monday at a private Christian school the suspect once attended in Tennessee's capital city before police killed the assailant, authorities said. The motive was not immediately known, but the suspect had drawn detailed maps of the school, including entry points for the building, and left behind a "manifesto" and other writings that investigators were examining, Police Chief John Drake told reporters. The latest in an epidemic of deadly mass gun violence that has come to routinely terrorize even the most cherished of U.S. institutions unfolded on a warm spring morning at The Covenant School, whose students consist mostly of elementary school-age children. Drake identified the suspect as Audrey Elizabeth Hale, 28, a resident of the Nashville area, and referred to the assailant by female pronouns. The chief said the suspect identified as transgender but provided no further clarity. Later, the … [Read more...] about Three children, 3 adults shot dead by ex-student at Tennessee Christian school
Danish artist hatches epic global troll hunt
COPENHAGEN -- A Danish artist famous for his towering wooden trolls sent fans on a worldwide quest Monday to find his latest creation. Thomas Dambo has created a complex treasure hunt to find "Moon Mother", his 100th troll sculpture, who he said has "crawled into the most secret spot in the forest" to give birth. His giant figures inspired by Scandinavian folk tales are often located off the beaten track to tempt children and adults to venture out into nature, and to show what you can do with recycled materials. To find "Moon Mother", fans will have to piece together codes placed near his existing trolls across the world. A troll sculpture by Dambo. Photo: AFP "I decided to make a super secret one and make it an intricate treasure hunt that leads you around all the other ones I've made through the years," Dambo told AFP . His giant troll sculptures are dotted around the globe from a German forest to a South Korean mountain. But most are in the United … [Read more...] about Danish artist hatches epic global troll hunt