“The total land area lost in the last 10 years has reached over 3,000 hectares,” Tang Quoc Chinh from the Natural Calamities Control Department confirmed, adding that the landslides in the Mekong Delta are increasingly serious. Chinh attributed the serious landslides to the many hydropower reservoirs on the Mekong, from China to Myanmar, Laos, Thailand and Cambodia. On the mainstream of Mekong, there are 19 reservoirs, of which seven in China have been built and one is under construction. In Laos, two are now being built, and another two are going to be built. On the tributaries of the Mekong, a total of 142 reservoirs have been built, or are under construction, or planned. Hydropower reservoirs will increase landslides in the Mekong Delta. These reservoirs prevent sediment from flowing downstream. Sediment has the effect of consolidating the delta and preventing erosion. Another reason behind the increasingly serious landslides is the overexploitation of sand in the upper … [Read more...] about Will the Mekong Delta sink by 2100?
Cone shaped sediment deposit
Fledging SHB Finance Co., Ltd. has successfully completed the issuance of the fourth tranche of certificates of deposits (CDs) with the total value of VND300 billion ($12.8 million) which was conducted through the book building process. SHB Finance serves immediate consumer finance needs of modest income customers across the country These CDs feature a 12-month tenor with an annual interest rate of 10.3 per cent and incur no transfer fees. The move attracted many prestigious institutional investors, including one domestic investment fund and one securities company. Beforehand, on April 25,SHB Finance successfully issued the third tranche of CDs with the same interest rate. Talking about why SHB Finance’s CD issuances are attractive to investors, CEO Dinh Quang Huy said, “Although being a new player in the consumer finance market only present officially since August 2018, SHB Finance has garnered attention from many institutional investors by virtue of our … [Read more...] about SHB Finance succeeds with issuances of certificates of deposit
Viet Nam News HCM CITY — Farmers in the Mekong Delta have begun harvesting the winter–spring rice crop in areas where it was sowed early, and yields are high. Nguyễn Văn Phúc of Đồng Tháp Province’s Tháp Mười District said he planted IR 50404 rice this time and got a yield of seven tonnes per hectare, higher than last year. Besides, costs were lower than previous years because rice fields had plenty of sediments deposited meaning farmers could use less fertilisers, he said. Authorities had released floodwaters rich with sediments from the rising Mekong River into nearly half of the province’s rice farming areas between August and October last year. Besides depositing the sediments, this also helped destroy disease-causing pests. More than 197,000ha were planted in the province, 60 per cent of them with high-quality rice varieties, according to its Department of Agriculture and Rural Development. Farmers have … [Read more...] about Mekong Delta enjoys good start to rice harvest
Prime Minister Nguyen Xuan Phuc chairs the meeting on coastal erosion and sediment deposition at river mouths in central coastal provinces on November 7 (Photo: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has once again emphasised the importance of protecting the marine environment while chairing a meeting on coastal erosion and sediment deposition at river mouths in central coastal provinces from Nghe An to Binh Thuan. The event, which was held in Hanoi on November 7, saw the presence of officials from several relevant ministries and sectors, as well as leaders of the central provinces. It was the third meeting on the issue that the PM has chaired so far, following those with northern and southern provinces. There are 13 provinces and cities in the coastal central region from Nghe An to Binh Thuan. They have a coast that is 1,649km long and a dense river network with 48 river mouths flowing into the East Sea, equivalent to one river mouth per 34km of coast, … [Read more...] about Meeting looks to address erosion, sediment deposition along central coast
GoBear Vietnam today hosted its first BEARTalk event on the topic “How fintech is shaping your digital transformation”. The event attracted over 20 senior executives from financial services, real estate and fintech organisations operating in Vietnam. The event hosted by GoBear Vietnam attracts many senior executives from financial services, real estate and fintech organisations operating in Vietnam During the event, keynote speakers Rachan “Butch” Reddy, general partner of IDG Ventures Vietnam and Marnix Zwart, co-founder and chief product officer of GoBear shared key domain expertise and engaged the audience in meaningful discussions about the development of fintech in Vietnam, as well as how to positively disrupt the market via digital transformation. “It was an honor and a pleasure speaking at the BEARTalk event in front of such a distinguished group of industry leaders. I look forward to building on the strong relationships … [Read more...] about GoBear: Fintech is shaping business digital transformation