The 2023 Ninh Binh tourism week attracts crowds of tourists (Photo: VNA) Ninh Binh (VNA) - The 2023 Ninh Binh tourism week themed “The Golden Colour of Tam Coc - Trang An ” kicked off in Hoa Lu district of the northern province of Ninh Binh on may 27. As annual tourism activity held by the local authorities, the event aims to promote and introduce unique, attractive and outstanding values of tourism resources of Ninh Binh, especially UNESCO-recognised World Cultural and Natural Heritage - Trang An Scenic Landscape Complex. Via the annual event, Ninh Binh continues affirming its brand and position as a safe and friendly destination, as voted by many renowned newspapers, magazines and travel websites worldwide as one of the top 10 ideal destinations for a wonderful family vacation in 2023. The event offers a chance for visitors to admire a 9,500 sq.m painting using rice as material on vast fields of Tam Coc stretching along the winding Ngo Dong river. (Photo: … [Read more...] about Tourism week “The Golden Colour of Tam Coc – Trang An” opens in Ninh Binh
Why sustainable management of natural resources necessary
Tourism week “The Golden Color of Tam Coc – Trang An” opens in Ninh Binh
As annual tourism activity held by the local authorities, the event aims to promote and introduce unique, attractive and outstanding values of tourism resources of Ninh Binh, especially UNESCO-recognized World Cultural and Natural Heritage - Trang An Scenic Landscape Complex. Via the annual event, Ninh Binh continues affirming its brand and position as a safe and friendly destination, as voted by many renowned newspapers, magazines and travel websites worldwide as one of the top 10 ideal destinations for a wonderful family vacation in 2023. The event offers a chance for visitors to admire a 9,500sq.m painting using rice as material on vast fields of Tam Coc stretching along the winding Ngo Dong river. The painting symbolizes abundance and the bountiful water element that supports the sustainable development of green tourism in the ancient capital of Hoa Lu, a land of cultural heritage for thousands of years. Rice fields in Tam Coc have been voted as one of the most beautiful in … [Read more...] about Tourism week “The Golden Color of Tam Coc – Trang An” opens in Ninh Binh
How bad debts influence lending rates
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