Central fund

The reduction of compulsory reserve interest rates to 0.8 per year will not have a significant impact on the profits of banks by the end of the year because the required reserve ratio is currently at a low 3 percent, Dr. Can Van Luc, chief economist at BIDV, Vietnam's biggest state-owned bank, told the local press. … [Read more...] about Central bank cuts compulsory reserve interest rates

According to Nguyen Van Tuan, deputy general director of Dai Hai Power Development and Investment JSC, the investor of the project, the Srepok 1-Quang Minh cluster was built on 120 hectares of space with a capacity of 100 megawatt peak (MWp) and the total investment of VND2.3 trillion ($100 million). After more than four months of construction, the project was put into operation and connected to the national grid from early March 2019, with stable production capacity as designed. … [Read more...] about Central Highlands glowing in green energy prospects

Quang Ngai (VNA) - Pham Van Mang, Chairman of Ba Trang commune People’s Committee in the central province of Quang Ngai, remembers the radiant faces and smiles of local people when a new bridge spanning the Tha Stream was opened thanks to the Central Highlands Poverty Reduction Project. The bridge benefits more than 500 households of the commune, contributing to the development of the local economy and infrastructure. More importantly, it saves many lives when the flood season comes. “Before, students walked through the stream to get to school, and it was difficult for people to transport goods. It was very dangerous when the flood season arrived,” said Mang. “Now safety is guaranteed and people are so happy and thankful because they are connected with other communes and transport is more convenient.” It’s a result of the Central Highlands Poverty Reduction (CHPR) Project launched by the Ministry … [Read more...] about Project enriches life in Central Highlands

2020 is a landmark year for Vietnam in the international arena. It is assuming a two-year-long non-permanent seat at the United Nations Security Council, which includes two months as president of the highest decision-making body of world politics. At the regional level, Vietnam is holding the annual Chair of ASEAN, the main institution for regional cooperation and governance responsible for the wellbeing of 650 million people. … [Read more...] about The centrality of Vietnam for stability in Asia

Nguyen Thi Nhang, deputy director of the Phu Ninh Department of Education and Training, had a high opinion of the efficiency of gardens at kindergartens across the district and she also expressed her appreciation for the schools’ determination in building and maintaining the clean vegetable gardens, with many of such places even experimenting with hydroponic models. … [Read more...] about A vegetable garden of a kindergarten in central Vietnam