Financial Markets Loans for BOT projects may turn bad: SBV governor The Saigon Times Daily Monday, Oct 21, 2019,18:07 (GMT+7) Loans for BOT projects may turn bad: SBV governorThe Saigon Times Daily A teller of a bank in HCMC counts Vietnamese banknotes on a cash counter. SBV Governor Le Minh Hung has warned that loans for BOT and BT projects are likely to turn bad - PHOTO: THANH HOA HCMC – The governor of the State Bank of Vietnam (SBV) has expressed concern over the huge outstanding loans for build-operate-transfer (BOT) and build-operate (BT) infrastructure projects, noting that the loans may turn bad if no new government policies are adopted to back these projects. Le Minh Hung raised the issue at the eighth sitting of the 14th National Assembly (NA), which opened today, October 21, Thanh Nien newspaper reported. Hung explained that some VND53 trillion had been loaned to BT and BOT projects. In the year to … [Read more...] about Loans for BOT projects may turn bad: SBV governor
Đà Lạt Flower Festival returns after 2 years in December
Visitors at the Đà Lạt Flower Garden. — VNA/VNS Photo Phạm Kha HCM CITY — The 8th Đà Lạt Flower Festival will take place from December 20 to 24 in Đà Lạt and Bảo Lộc cities, the Lâm Đồng Province People’s Committee has announced. The biennial cultural and tourism festival cherishes flowers and the flower industry in Đà Lạt, and this year has the theme ‘Đà Lạt and Flowers’. It will showcase all the colourful flowers grown locally by decorating public areas around Xuân Hương Lake, flower villages, tourist attractions, and major streets with them between December 20 and January 2. There will be 13 major events at several venues, including an international flower and bonsai exhibition and the Đà Lạt Flower Trade Fair from December 20 to January 1, a Việt Nam-Korea culture and … [Read more...] about Đà Lạt Flower Festival returns after 2 years in December
Taekwondo ahletes take home golds from Greece Open
Vietnamese athletes and their medals from the Greece Open. — VNS Photo HÀ NỘI — Việt Nam won two gold medals at the Greece Taekwondo Open which ended in Chalkida, Evia Island, on Sunday. Trương Thị Kim Tuyền beat Anthoula Sinani of the hosts 24-22 in the women's U49kg class. Her teammate Trần Thị Ánh Tuyết beat Faidra Kaltekin, also of Greece, 14-11 in the women's U57kg category. Việt Nam sent four athletes to the Open. Two other athletes, Phạm Đăng Quang was ousted in the men's U58kg quarter-finals and Lý Hồng Phúc was eliminated from the first round of the men's U68kg. — VNS … [Read more...] about Taekwondo ahletes take home golds from Greece Open
Lack of adequate drainage causes serious flooding in Vinh City
Lenin Boulevard in Nghệ An Province’s Vinh City was flooded due to prolonged heavy rains on October 15-16. — VNA/VNS Nguyễn Oanh NGHỆ AN — While officials in Vinh City attributed the worst flooding in the city’s history to excessive rainfall, local residents said a lack of adequate drainage and rapid urbanisation were the main causes of the inundation, Người Lao Động (Labourer) newspaper reported. Heavy rains on October 15-16 killed three and caused VNĐ80 billion (US$3.4 million) in losses to property and crops, according to the People’s Committee of Vinh City in central Nghệ An Province. As many as 5,680 houses were inundated. Traffic congestion and power cuts caused by the flooding have affected the lives of local residents for several days. Vũ Trần Tuấn, a resident from Đông Vĩnh Ward, said in spite of upgrades at the beginning of the year, no … [Read more...] about Lack of adequate drainage causes serious flooding in Vinh City
Former model releases book that inspires young women
Culture Former model releases book that inspires young women By Minh Tuan Monday, Oct 21, 2019,16:29 (GMT+7) Former model releases book that inspires young womenBy Minh Tuan Former model Vu Cam Nhung (R) poses for a photo with a guest at the launching ceremony of her autobiography book titled “When is the right time” - PHOTO: MINH TUAN HCMC – On the occasion of Vietnamese Women’s Day (October 20), former model Vu Cam Nhung last week launched her autobiography book in HCMC, which aims to inspire young women to live a better life. The launching ceremony was attended by many celebrities, who are Nhung’s friends, including actress and film producer Ngo Thanh Van, makeup artist Nam Trung, fashion designer Do Manh Cuong, and supermodels Xuan Lan, Mau Thuy and Le Thuy, as well as authors Phan Y Yen and Anh Khang. The “Bao gio la dung luc” (When is the right time) book has four … [Read more...] about Former model releases book that inspires young women