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Province cancels urban area project to protect mangrove forest

Binh Thuan Province in south central Vietnam has opted to cancel an urban area project to conserve 32 ha of mangrove forest. The cancelation was announced in a report sent from the Binh Thuan People’s Committee to the Party Civil Affairs Committee on Wednesday. The mangrove forest in Phan Thiet, …

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Policy rate hikes needed to cushion global impacts: central bank

Policy rate hikes needed to cushion global impacts: central bank

Raising policy rates is imperative to keep exchange rates under control, a very important factor for foreign investors, State Bank of Vietnam governor Nguyen Thi Hong has said. To stabilize the forex market amid the global uncertainties, Vietnam needs to accept a short-term depreciation of its currency, she told lawmakers …

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