Garden owners

No measure of money can be exchanged for the mark of time. These trees, with a lifetime of over 1,000 years, are associated with national culture and history. Apitong tree dates back to Hung Kings Vietnam’s oldest tree has been carefully taken care of by authorities. Topping the list of longevity is the apitong tree, which holds the record for the oldest tree in Vietnam and is related to the sacred tale of Thien Co temple (Trung Vuong commune, Viet Tri city, Phu Tho province). According to scientists, the tree is more than 2,100 years old. Legend has it that the temple is located on the capital land of the ancient Van Lang country. This apitong tree, over the two millennia, has been a witness to the natural and social history of the locality with invaluable cultural and spiritual values. It was recognized as a Heritage Tree by Vietnam Association for Conservation of Nature and Environment (VACNE) on May 28, 2012. Thien Co temple worships the wedded couple, … [Read more...] about Trees thousands of years old – treasures beyond price

Small investors oppose expanding trading lot Ho Chi Minh City Stock Exchange (HOSE)’s proposal to raise the minimum trading lot to 1,000 shares is receiving mixed opinions from market experts and investors. The proposal was initiated by newly-appointed General Director of HOSE Le Hai Tra as a solution to reduce system overloads which have troubled traders recently. A 1,000 minimum trading lot will limit the participation of small investors, while the stock market is moving towards fairness and equality, said a budding investor. “My friends and I, when joining the stock market, only have a few tens to several hundreds of millions of dong, raising the minimum trading lot to 1,000 shares will directly affect our investment capacity,” said individual investor Diep. “With expensive stocks, we may have to spend hundreds of millions of dong to buy the minimum 1,000 shares,” she said. According to Diep, the stock market has never had such a chance for growth. New cash flow into … [Read more...] about VIETNAM BUSINESS NEWS MARCH 8

Workers from Vietnam Electricity (EVN) instruct a business owner in Hà Nội's Thanh Oai District on how to use power economically and efficiently. — VNA/VNS Photo HÀ NỘI — The World Bank, acting on behalf of the Green Climate Fund (GCF), has signed a grant worth US$11.3 million with the State Bank of Việt Nam to support the development of a commercial financing market for industrial energy efficiency investments. The total financing from the GCF also includes a $75 million guarantee. Out of the grant, $8.3 million will be used to build capacities for the private sector to identify, appraise and execute energy efficiency projects. It will also provide technical assistance to the Ministry of Industry and Trade and authorities to strengthen policy frameworks and regulations and create an enabling environment to accelerate the energy efficiency market in Việt Nam. The remaining grant funds and the guarantee will be used to establish a risk-sharing facility to provide partial … [Read more...] about Word Bank, Green Climate Fund provide Việt Nam with $86.3 million to spur energy efficiency investments

Social blockade and isolation measures have seriously affected the economic and business activities of society and enterprises. According to the International Labour Organisation (ILO), the pandemic has caused 81 million workers across the Asia-Pacific region to lose their jobs, women and young people are "suffering" the most. The number of jobs in Asia-Pacific fell 4.2% compared to the pre-COVID 19 period. Due to the lower working hours, the average income of workers fell 9.9% in the first quarter of 2020, equivalent to a 3.4% decline in regional GDP. South Asia witnessed the highest rate of job loss, with nearly 50 million people, followed by East Asia (16 million people), Southeast Asia and the Pacific Islands, 14 million and 500,000, respectively. In Europe, many countries have seen record increases in unemployment. In the UK, in the three months to October 2020, the number of unemployed workers also increased to 370,000, with the unemployment rate increasing to 4.9%. … [Read more...] about An effective remedy