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Detailed map for 404 caves of Phong Nha cave system created After some 30 years of research, experts from the British Royal Caves Association (BCRA) has created a detailed map for 404 caves that have staggering length of 231km in Phong Nha-Ke Bang National Park in Quang Binh Province. … [Read more...] about British cave experts invited to design cave tours in Thai Nguyen

To encourage the development of specialised ships, he said the ministry had requested enterprises to build or buy ships to replace foreign-nationality vessels, because Viet Nam would only license foreign-nationality ships until the end of 2023 to operate on domestic routes. … [Read more...] about Shipping industry needs State support to develop: ministry

Vietnam was the 10th country in the world to have ratified the Treaty, after Vietnamese Ambassador Nguyen Phuong Nga, head of the Vietnam Permanent Mission to the United Nations, deposited with the UN Secretary General Vietnam’s instrument of ratification of the Treaty on the Prohibition of Nuclear Weapons on May 17, 2018. … [Read more...] about Vietnam Peace Committee hails the entry into force of treaty banning nuclear weapons

South Korea recorded its worst growth in more than two decades in 2020, the central bank said Tuesday, but it is expected to be among the best-performing OECD economies in the wake of the coronavirus pandemic. The country's gross domestic product contracted 1.0 percent in 2020 from a year earlier, the Bank of Korea said, citing weak private spending and exports. It marks the worst annual growth since 1998, when the South Korean economy shrank 5.1 percent in the aftermath of the Asian financial crisis. Still, South Korea is expected to be among the countries in the OECD group of developed economies least affected by the pandemic in 2020. In the fourth quarter of 2020, the South's economy -- the world's 12th-largest -- grew 1.1 percent from the previous quarter, data showed, marking a second consecutive quarter of growth amid the pandemic. The central bank said exports expanded 5.2 percent in the fourth quarter from three months earlier, offsetting a slump in private consumption due … [Read more...] about South Korea posts worst growth in two decades

Therefore, the ministry has proposed the Prime Minister consider and adjust financial mechanisms to support the development of the fleet, including loans with preferential interest rates. Investment in a fleet of ships requires huge and long-term capital, while local enterprises are unlikely to be able to invest in high-quality fleets, according to Deputy Minister of Transport Nguyễn Nhật. The shipping companies have received very little financial support from the Government in the past few years to carry out fleet development. Interest rates on bank loans in Việt Nam are from 8-10 per cent per year, higher than interest rates in other countries such as Japan (1-2 per cent), Singapore (3 per cent) and China (4.5 per cent). At the same time, when registering a ship to fly the Vietnamese flag, the enterprise must carry out procedures on importing ships and have to pay taxes and fees such as registration fee, value-added tax and import tax on ships. Some ship owners … [Read more...] about Shipping industry needs State support to develop: ministry