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The aggregate net foreign exchange losses for 24 of the top 30 mainland listed Chinese developers by contracted sales before the COVID crackdown in 2020 totaled 21.25 billion yuan ($2.75 billion) for the first six months of this year, according to research by Nikkei Asia. The foreign exchange losses are on paper only and the actual loss or gain depends on the exchange rates of the respective due dates. But the figures act as a gauge of exchange rate risks involved with the foreign currency-denominated debts of distressed property developers, especially when the yuan dipped to a 16-year low against the dollar on Sept 8. Alicia Garcia Herrero, chief Asia Pacific economist at Natixis, views the yuan depreciation as a result of increased liquidity due to cuts in reserve requirement ratios and interest rates by the People’s Bank of China, which is under stress from the real estate sector. “Both, together with the now negative portfolio flows into China, have weakened the yuan,” she sa...

Minister of Agriculture and Rural Development Le Minh Hoan. Photo: VNA During the working visit, the Vietnamese delegation aims to persuade the European Commission (EC) to lift the yellow card for illegal, unreported or unregulated fishing (IUU) before the fourth inspection takes place. Minister Le Minh Hoan emphasized the Vietnamese Government’s commitment to transforming agriculture in an ecological, green, and sustainable direction. This commitment stems from Vietnam’s desire to fulfill international commitments, promote agricultural development while protecting the environment, conserving resources for future generations, and contributing to global sustainable development. Furthermore, Minister Le Minh Hoan highlighted Vietnam’s dedication to developing a transparent, responsible, and sustainable agricultural sector as it has become a major global food supplier. Regarding the IUU issue, Minister Le Minh Hoan stated that Vietnam saw the EC’s yellow card as both a cha...

The Conference was organized by the Chinese Association of Science and Technology and was attended by approximately 700 delegates from around the world. Among the attendees were leading scientists, senior policymakers, renowned scholars, representatives from international and regional scientific and technological organizations, as well as experienced scholars in related fields. The Conference aimed to facilitate the exchange of ideas, experiences, and achievements in the field of science and technology. The 2023 World Conference on Science Literacy had the theme of “Improving Science Literacy and Building a Prosperous World” The conference focused on the importance of popularizing science and the role of public scientific knowledge in advancing social modernization and promoting cooperation among nations. It aimed to address topics such as science and technology education for young people, the integration of science and art, models of science dissemination and communicati...

Yeo’s Drinkable Garden pays homage to the humble chrysanthemum flower The Yeo’s Drinkable Garden offers visitors a captivating experience that immerses them in the world of Yeo’s chrysanthemum tea. This month-long exhibit celebrates the chrysanthemum and showcases the diverse range of Yeo’s chrysanthemum brews. From the classic and beloved Chrysanthemum Tea to the exquisite Snow Chrysanthemum Tea and the innovative Rose-Infused Chrysanthemum brew, the installation presents a delightful sensory journey that will leave visitors enchanted. The botanical experience will showcase the meticulous craftsmanship and outstanding quality that goes into every Yeo’s beverage. Guests will have the opportunity to discover the distinct advantages of various chrysanthemums and gain insights into the intricate artistry involved in producing Yeo’s chrysanthemum tea – from cultivating and gathering fresh flower petals, to the delicate drying process, expert brewing techniques, and the precise cooli...

There will be a series of activities held throughout the entire area of the Old Quarter from September 22 to September 29.  A colorful mid-autumn banquet for children. Photo: UNESCO Center for Vietnamese Vietnamese Gastronomy Culture A captivating documentary exhibition showcasing the traditions of the ancient Mid-Autumn Festival will be held at the prestigious Hanoi Old Quarter Cultural Exchange Center. The center is located at 50 Dao Duy Tu Street, in the vibrant Hoan Kiem District of Hanoi. The exhibition showcases an impressive collection of almost 80 documents, materials, and pictures that shed light on the ancient traditions of the Mid-Autumn Festival at the esteemed Thang Long Imperial Citadel, recognized by UNESCO. Additionally, visitors can enjoy the vibrant display of colorful toys arranged on attractive counters, which are sure to captivate both children and adults alike. In addition to the exhibition, a variety of cultural activities will be organized a...

This photographic exhibition aims to celebrate the exquisite beauty of wildlife birds while also raising awareness against harmful practices such as releasing, hunting, slaughtering, and consuming animals, as well as keeping them in captivity. Rin’s proposal for a wildlife photo exhibition was enthusiastically approved by the owner of Chillax Hoi An, a picturesque restaurant situated amidst a charming paddy field in the city. As a result, the exhibition will take place at this delightful location. The exhibition will be held from September 15 to 23, showcasing a collection of 50 captivating photographs capturing the beauty of a diverse range of wild birds found in central Vietnam. Among these stunning images, approximately 30 were taken in the picturesque settings of rice fields and rivers in Hoi An. Attendees of the exhibition will also have the opportunity to view captivating photographs showcasing the capturing, hunting, and eventual release of various species of wild birds. Thi...

The Provincial Center for Investment and Trade Promotion, in collaboration with the Tinh Bien administration, organized a press conference on Thursday to unveil the Cam Mountain Trail 2023. This groundbreaking event will mark the first-ever trail race to be held in the enchanting Mekong Delta region. The tournament is jointly organized by the Victoria Chau Doc Hotel, Victoria Nui Sam Hotel, Vietrace365 JSC, and the management board of the Cam Mountain tourist area. The Cam Mountain Trail aims to encourage a healthy and active lifestyle through trail running. This initiative is expected to fuel the growth of physical activity habits not only in the local area but also nationwide. Le Trung Hieu, the Director of the provincial Center for Investment and Trade Promotion, expressed that the upcoming event will provide an opportunity for An Giang to showcase its tourism, cultural heritage, and local products. Additionally, the event aims to promote a positive message of maintaining a healt...