Drought

Currently, water level in the Northern region’s small- large sized hydroelectric reservoirs is at 60 percent of the designed capacity. According to Electricity of Vietnam (EVN), the volume of water shortage this year could climb up to seven billion cubic meters compared to last year. It will be 15- 45 percent lower than the average of many years, even the Hoa Binh Hydropower Reservoir is suffering the lowest water level in the past 30 years since it was put into the operation. Deputy Minister of Agriculture and Rural Development Nguyen Hoang Hiep said that the current water shortage in the Northern region happened just once every 30 years. According to the Ministry of Agriculture and Rural Development, localities in the Red River Delta are expected to take fresh water from the Red River to irrigation ditches and canals to cultivate the winter-spring crop of 2019-2020. Although water shortage for electricity generation, irrigation water for farming must be ensured. … [Read more...] about Dry season in 2020 to be more severe, extensive than usual

Bangkok (VNA) - The Royal Irrigation Department (RID) is speeding up the building of 421 Kaem Ling projects -- water reservoir projects initiated by His Majesty King Rama IX -- as water catchment areas over 1.2 million rai. The reservoirs will be capable of storing 942 million cubic metres of water, the Nation newspaper quoted Agricultural Minister Chalermchai Sri-on as saying. In fiscal budget 2020, the project will increase another 176,968 rai for irrigation and 199.54 million cubic metres for water retention. Due to the high fluctuations in rainwater, which affects the volume of runoff and water in the reservoir, especially in 2019, the Chao Phraya River Basin does not have enough water to meet demands. Excess water usage caused by the saltwater encroachment problem have affected the ecology and water quality of consumers and agriculture. The RID has to divert 850 million cubic metres of water from the Mae Klong River Basin to the lower Chao Phraya River Basin during the dry … [Read more...] about Thailand speeds up construction of reservoirs

Awareness of the cyber threat has grown rapidly in recent years, driven by companies' increasing reliance on data and IT systems and a number of high-profile incidents. Businesses face the challenge of larger and more expensive data breaches, an increase in ransomware and spoofing incidents, as well as the prospect of privacy-driven fines or litigation after an event. A mega data breach ─ involving more than one million compromised records ─ now costs on average $42mn[2], up 8% year-on-year. "Incidents are becoming more damaging, increasingly targeting large companies with sophisticated attacks and hefty extortion demands. Five years ago, a typical ransomware demand would have been in the tens of thousands of dollars. Now they can be in the millions," says Marek Stanislawski, Deputy Global Head of Cyber, AGCS. … [Read more...] about Allianz Risk Barometer 2020: Business interruption and natural catastrophes remain top risks amongst China companies

Head of the group Nguyễn Đức Kiên said last year, the group joined the World Bank, the Hồ Chí Minh National Political Academy and the Vietnam Social Science Academy in completing research on the new growth model, provided consultation to the PM on measures to stabilise the macro economy, enhance growth, take advantage of the movement of foreign capital and enterprises in the US-China trade conflict, as well as orientations to be included into the socio-economic development strategy. … [Read more...] about PM Phúc has working session with economic advisory group