Dubai Financial Market

Dubai Financial Market Abstract Financial markets are important entities in the economy. They have a significant effect on the performance of the national economy, as well as the performance of companies whose shares are listed.Advertising We will write a custom research paper sample on Dubai Financial Market specifically for you for only $16.05 $11/page Learn More Financial markets are places where stocks are traded. Stocks may include company shares, government bonds, and other securities. Foreign currencies are also traded here. In Dubai, the major financial market is referred to as the Dubai Financial Market. It is among the largest financial markets in the UAE region. This article will focus the various aspects of the Dubai Financial Market. Introduction Financial markets are popular economic entities in every nation. These are markets where securities, fungible items, as well as commodities are traded. The prices at which these securities are traded are guided by the laws of demand and supply. Financial markets could either be general or specialized. There is more than one item traded in the general market, unlike the specialized market that deals in a single commodity. Participants in these markets include individuals, companies, as well as government agencies. Financial markets are beneficial in a number of aspects. For instance, they help the organizations raise capital to expand their operations. Financial markets also facilitate risk transfer in what is referred to as derivative markets. Almost each country has its own financial market. In Dubai, there is the Dubai Financial Market (DFM) that was founded in the year 2000 on March 26th. It is headquartered in Dubai, United Arab Emirates. Since its inception, there are over 60 companies that have been listed on the Dubai Financial Market. Most of these companies are domestic, with only a few foreign companies if any. It is important to note that most of the foreign companies listed on Dubai Financia l Market are from the MENA region. They are from countries such as Kuwait, Sudan, Oman, and Bahrain. However, most of these companies have foreign shareholders, among other domestic shareholders. The information regarding Dubai Financial Market will be focused on in this research paper. The history of Dubai Financial Market will be outlined, its functions and objectives, the requirements that a company should meet to be listed here, as well as the growth of companies listed on the market and growth of trading in Dubai Financial Market. History of establishment of DFM Dubai Financial Market was established on the 26th day of March the year 2000. This is the same day when the operations commenced in the market. However, trading of shares did not commence until Wednesday 7th March 2007. It was established as a public institution and it was to function as an independent corporate body. The financial market was established through a resolution that was passed by the Ministry of Economy o f Dubai in the year 2000.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The resolution that led to the formation of Dubai Financial Market was referred to as the Resolution No. 14 of 2000. The organization operates as a secondary market where shares and other securities that have been issued by the public companies are traded. Federal government bonds are also traded here. In addition, the local government, as well as any other public institution has the right to trade its securities in the Dubai Financial Market (Dubai Financial Market, 2013). Financial instruments, as well as local and foreign currencies are also traded. In the year 2005, the Executive Council Decree set up Dubai Financial Market as a Public Joint Company in the United Arab Emirates. The paid up capital for the company was AED 8billion. This amount was to be allotted over 8 billion shares. The par val ue for every share was to be AED 1.6. Twenty per cent of the shares were issued to the public for public subscription. The response to this public initial offer was too positive, which led to a high level of oversubscription. The amount generated added up to AED 201billion, an amount well over the 8billion target. Since it was established, Dubai Financial Market has continued to grow and expand, as well as improve on its performance and services offering. During its first year of operation, the organization had less than 20 listed companies. Some of the companies that were listed by the end of the year 2000 include: Dubai Islamic, Dubai National Insurance and Reinsurance, Emirates Bank, Mashreq, Dubai Insurance, Union Insurance, Union Properties and Agico (Arabian General Investment Corp, or Shuaa), Emaar, Dubai Investment, as well as Tabreed also known as the National General Cooling Company. The company further had a total of 12 brokers who were accredited by the end of 2000. They included: â€Å"Al Sharhan, Commercial Bank International, Dubai International Securities, Dubai Islamic Bank, Dubex Securities International, Emirates Bank International, Emirates Commercial Centre, Mashreq, National Bank of Abu Dhabi, National Bank of Dubai, Shurooq, and Union National† (Gulfnews.com, 2001). However, it recorded a consistent growth in its first three quarters of the year 2000. It started with 7.17 million shares, which then increased to 7.57 million shares in the second quarter and third quarters. By the fourth quarter, the company had about 9.15 million shares. The growth rate of Dubai Financial Market followed the same pattern as more shares continued to be listed and more companies joined the market. Objectives and functions Every successful organization should have objectives that are well stipulated in a clear and precise manner. All the activities carried out within an organization must be in line with its objectives. Dubai Financial Market was forme d with the major aim of offering securities trading services.Advertising We will write a custom research paper sample on Dubai Financial Market specifically for you for only $16.05 $11/page Learn More The organization aims at providing innovative services in the securities market. It aims at increasing the level of efficiency and effectiveness in the market, as well as enhancing transparency. Creating a liquid environment is another objective of the organization. The financial markets usually have a significant effect on the general economy of the country in which they are operated. A good performance in the financial market is an indicator of a well performing economy (Dubai Financial Market, 2013). On the other hand, if the financial market is performing poorly, then this will be an indicator of a poorly performing national economy. The leaders and managers of Dubai Financial Market are aware of the importance of security markets in an economy, thus they ensure maximum efficiency in the organization. Dubai Financial Market tries to enhance the utilization of the available resources to create an efficient marketplace for securities. The company attempts to utilize the resources as effectively and efficiently as possible (Dubai Financial Market, 2013). Efficiency can also be enhanced by ensuring that investors are well armed with relevant information that will facilitate their decision making. Investors need to make decisions that are well informed; otherwise, they might end up losing their fortunes. Dubai Financial Market ensures that investors have the right and sufficient information to help them in their decision making. In addition, the organization also tries to prevent investors from any form of unfair treatment or improper practices that might discourage them. In doing so, the Dubai Financial Market regulates all the activities that take place in the trading of securities. It ensures that the prices of securities are controlle d by the forces of demand and supply and not by individuals or entities. There is a possibility for individuals or entities that have large numbers of shares to control the market and become unfair to the rest of the investors. The Dubai Financial Market management ensures that this does not happen to ensure fairness and attract more investors. The company offers investment opportunities to potential investors, a function that is said to have a positive influence on the growth of the national economy. People can save through the financial market and trade securities where they make profits. Dubai Financial Market also makes arrangements for the purchase and sale of securities. In doing so, it ensures that the investors are treated in a fair manner. The market further facilitates transfer of securities from one owner to another. In doing so, it establishes a center where deposits transfer and settlements can be conducted. This is done in a system that is highly integrated to make the process speedy and accurate (Dubai Financial Market, 2013). It also ensures a high level of integrity among members and security brokers through establishment of a code of ethics. It provides training to its members to enhance integrity. The company has accredited brokers who help investors in conducting the securities trade.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More There are some people who may not be aware of the processes and procedures followed in the market securities, thus they can get help from these brokers. Finally, Dubai Financial Market gathers any relevant data, as well as statistics regarding securities and prepares reports that are presented to its stakeholders. These reports are important in that they facilitate accurate and relevant decision making by the investors. Listing requirements The term listing refers to the shares of a company being traded on a stock exchange or others on the list of the shares to be traded. For the shares of a company to be listed, it has to apply for listing. However, there are some countries whereby the financial market or the stock exchanges can just list the shares of a company. For a company’s shares to be listed in the market without applying, the shares have to be traded through informal channels actively. The following are the requirements before listing on the Dubai Financial Market. T he company is required to give a brief description of its history and operations. The financial markets aim at listing companies that have a good performance to boost its chances of success. Investors will only want to buy shares of a company that have a healthy performance. Attracting more investors will increase the profitability of the Dubai Financial Market. It is for this reason that it only lists well performing companies. The company is expected to show its financial statements for the past few years prior to its application (Aljifri Hussainey, 2007). The financial statements are good indicators of a company’s performance. If the performance of the company is approved, it is then required to have a sufficient number of securities that are to be placed in the public. This is called a free float and should be possessed in absolute terms, as well as in the percentage of outstanding stock. The company should also be in possession of a prospectus. The prospectus should mee t all the requirements, including opinions given by independent assessors. The company should also be a public company. Once a company meets these general requirements, as well as any other special requirements as it may be required by the Dubai Financial Market, its application can be accepted and its shares start trading in the market. The company is expected to maintain its market value or its share turnover above a certain level that is regarded as critical. If the value falls below this level, then the company can be delisted. When the shares of a company have been delisted, it means that they will no longer be available in the stock exchange and investors will no longer be able to trade them. In most cases, a company whose shares qualify to be delisted is normally performing poorly and its profitability is worryingly low (Aljifri Hussainey, 2007). The company might be declared bankrupt as a result of the poor performance, or it might cease business operations. Investors are n o longer interested in buying such shares since they fear they might lose their money. The shares might also be delisted in an event that the company no longer meets the requirements and the rules of listing. It is important to note that people who trade in shares have a major objective of making profits from the business. Another reason why a company might be delisted from the Dubai Financial Market is when it converts to a private company through an acquisition or a merger. When the shares of a company have been delisted, they can be traded over the counter in some countries. It is worth noting that the fact that the shares of a company have been delisted does not necessarily mean that the company has changed its strategy. The growth of companies listed on DFM When a company’s shares have been listed on the stock exchange, its chances of growth usually increase because it gets funds to expand its operations. The company is able to fund its production through embracing techn ology and innovation, investors get the chance to trade its shares, and the chances of its products or services being preferred by customers are usually higher. A company whose shares are listed on a financial market usually has an added advantage over its competitors. It has a competitive advantage and it can perform better. One of the benefits that companies get from having their shares listed on the Dubai Financial Market is that they can be accessed by international investors. The Dubai Financial Market organizes events whereby international investors are targeted. This increases the diversity of these companies. The listed companies are placed on higher radar and their growth chances are highly boosted. The companies that have been listed on the Dubai Financial Market have this advantage and their growth rate is relatively higher compared to other companies (Aljifri Moustafa, 2007). The events organized by this organization in Dubai give the companies a chance whereby they sho wcase their opportunities for growth, as well as their strategies for the future. Their strategies can be boosted by the foreign investors whereby they can be given relevant information, funding, and other forms of support that would enable them to grow at a higher rate than their competitors. As mentioned earlier, the Dubai Financial Market offers innovative services to companies whose shares are listed on the market. The innovative services further facilitate the rate of growth of these companies. In general, it can be concluded that the companies that are listed on the Dubai Financial Market are at an advantage compared to those that are not listed in terms of growth. Listed companies have better chances of growing and expanding. They are strategically positioned to realize a much better performance currently and in the future. The information they get from the Dubai Financial Market reports facilitate their decision making. Consequently, they are able to make better decisions du e to availability of sufficient information (Aljifri Moustafa, 2007). Decision making is a very crucial activity in an organization. Wrong decisions will have a negative effect on the performance of the company and the growth rate will be retarded. The availability of information gives companies listed on the Dubai Financial Market a better chance to grow. Growth of trading in DFM DFM is one of the financial markets in the world that have had a consistent growth rate, despite the economic problems that hit most parts of the globe starting the year 2007. Most companies have had a poor performance since the recession started in the year 2007. C ompanies have recorded losses and their performance in their respective financial markets has been poor as well. The number of shares traded in the Dubai Financial Market has increased consistently since its establishment in the year 2000. Only 11 companies were listed on the Dubai Financial Market at the end of the first year of its operation s. Today, the company boasts of over 60 listed companies. This is an indicator of a very consistent and rapid growth. Termed as one of the United Arab Emirates leading financial markets, the DFM has recorded nothing but growth since its inception. In the year 2013, for instance, the value of shares being traded in the market increased by a whopping 82.9 per cent hitting a high level of Dh 38 billion from Dh 20.8 billion in the previous quarter. The share index further increased from 1829.2 points to 2222.6 points, representing a percentage increase of 21.5% (GulfBankers.com, 2013). The companies whose shares are listed on the DFM are at an advantage since the value of their shares is likely to increase. When a financial market performance is good and consistent, the chances of growth for companies whose shares are listed on the market are better. The companies are able to consistently get funds to finance their operations and expand. The companies are also positioned in a better pos ition to build their brand image and gain loyal customers. Brand image is very important for a company’s growth since it makes its marketing efforts easier and cheaper. A brand can even market itself and the marketing expenses are highly reduced. Less expenses means higher profit and more funds to re-invest or expand operations. This further increases the growth chances of an organization. Companies trading in the Dubai Financial Market have been able to grow because they take the advantage of the market’s consistency. Conclusion Financial markets have a very significant effect on the national economy of a country. They give an indication of how the companies in the country are performing. A country that has financial markets that are dynamic is able to achieve an accelerated growth rate. Financial markets help the economy in that they save mobilization. They obtain surplus money from the investors who could be individuals, companies, governments, as well as the public sector. They also facilitate industry growth, development of entrepreneurship, as well as the national growth. They avail the necessary financial resources to companies that are willing to expand their operations or capitalize on potential opportunities. In doing so, the financial markets enhance entrepreneurship. Dubai has had one of the financial markets that are among the best in the UAE region. The Dubai Financial Market has registered a steady growth since its establishment. DFM was able to survive the global economic recession that hit most parts of the globe starting the year 2007. The market has played a significant role in the growth and development of Dubai’s economy. The companies whose shares are listed in the market have benefited a lot from the market’s services and their performances have been highly boosted. It is important for the government of Dubai to continue supporting the Dubai Financial Market to continue accumulating the related benefits. Refer ences Aljifri, K., Hussainey, K. (2007). The determinants of forward-looking information in annual reports of UAE companies. Managerial Auditing Journal, 22(9), 881 – 894. Aljifri, K., Moustafa, M. (2007). The impact of corporate governance mechanisms on the performance of UAE firms: an empirical analysis. Journal of Economic and Administrative Sciences, 23(2), 71–93. Dubai Financial Market, (2013). Background. Retrieved from https://www.dfm.ae/ GulfBankers.com. (2013). DFM posts solid Q2 trading volumes growth. Web. Gulfnews.com, (2001). Dubai Financial Market marks three quarters of growth. Retrieved from https://gulfnews.com/

4 Reasons Searching for a Job Really Sucks

4 Reasons Searching for a Job Really Sucks Because†¦ well, it does. Whatever reason you have for job searching, whether you’re just starting out or your current situation has deteriorated to the point where you are now desperate for a change, you’re out on the market. And being on the market is just plain hard. Here are 4 reasons that can help explain why this is the case, along with suggestions to make the process just a little bit more bearable.1. It’s like a job unto itself.It’s exhausting, even if you aren’t also working on top of job searching! Updating resumes, compiling references, writing cover letters, doing market research, interviewing, stressing out, chewing your fingernails! And that’s before we even get on the subject of the emotional drain that is networking.To keep from burning out and losing heart, consider taking a personal day or two, or cutting back on the horsepower of your work at your existing job (if you have one). To devote yourself even 50% of the time t o finding a new job, you can’t be giving 110% at your old one. Figure out which balls you can temporarily put down in order to find the job you want.2. It takes time.The job search process doesn’t honor your impatience. Good opportunities take time to find, and that can be annoying when you’re dedicating all you have to the pursuit of them!To keep from going mad, try and recognize ahead of time that this process will not resolve immediately. Pace yourself. Dole out your energy and time and focus across a couple of weeks or months, rather than expecting to find a new job and hop straight into it by magic.3. It will be disappointing.You know you were qualified for a job, and you didn’t even get an email confirmation when you sent in your materials. Or you made it to the final round, made a really personal connection with your boss-to-be, then never heard back. You found out that job went to someone else. Repeat, repeat. Little heartbreaks like this are ever ywhere in your job search.To keep from despairing, focus instead on maintaining- and building- your network. That way, no matter how many heartbreaks pile up (be that 5 or 50), you’ll know that you are constantly maximizing the number of opportunities that will come your way.4. You might have to lie to your bossYou’re running out of excuses for why you have so many dental appointments in the mornings during work that call you away from your desk. It’s awful having to cover for yourself, even if you don’t particularly love your boss.To avoid the shame of lying, try to schedule your interviews for early or late in the day- or at lunch- to avoid conspicuous absences. And it never hurts to have a list of minor medical things that would require immediate attention, just in case.The 4 Most Painful Parts of the Job Search (That You Always Forget About Until You Do it Again)

Behaviour Organisational Essay Example | Topics and Well Written Essays - 3500 words

Behaviour Organisational - Essay Example The margin of error was close to zero and thus demanded immaculate precision. Area Director was given complete autonomy to carry out the task but the situation was filled with tremendous amount of unknown variables. To counter these variables he wanted a team that would cooperate with him in giving shape to his vision. With no employee data to help him select a team, Area Director had to take special permission to induct outsiders in this project. To complete his team he sought help from the headquarters who came up with few options, from which Area Director selected two more members. In this way he completed his team and used it to get this magnanimous task done. His team-mates have a very high opinion regarding his leadership style, and their responses regarding his leadership help us to conclude that Area Director is amongst the small coterie of gifted leaders. Introduction: Leadership can be defined as the ability of a person to communicate a group in such a manner that his commu nicated words motivate and encourage every individual in the group to accomplish the tasks which they never thought of accomplishing (Vaill, 1989). Thus by undertaking this form of communication the presumed leader is inspiring a change in his group. He is motivating his group to embrace the change and work towards the accomplishment of a single vision (Palmer, Dunford, & Akin, 2008). The duty to articulate a unifying vision lies with the leader. Although, many people consider leadership as synonymous to management, which is unfortunately wrong. Similarly, a manager is also different from a leader in several ways. His job is to deal with complexities, implement the vision and strategies provided by the leader, undertake coordination and staffing activities and handle day to day operations of the enterprise. For organizations both these individuals are important to operate optimally (Zarmansky, Jessup, Terrance, 2011). Especially in today’s fast changing world organizations as well as countries require leaders who can communicate a shared vision, challenge the status quo, inspire his surrounding environment to undergo the laborious process of change, and last but not the least go on to accomplish the goals which the leader set out in his vision (Yammarino, 2003). To complement the role played by a leader, a manger is required who could formulate a detailed plan, create efficient organizational structure and oversee day-to-day operations (Wentz, 1999). People have long been in the hunt to discern traits which can distinguish a leader from a non-leader. In this regard people have focused on trait theories of leadership (John, and Folkman, 2002). Using these theories people has classified leaders as charismatic, enthusiastic and courageous. However researches conducted on trait theories have never succeeded in isolating leadership traits. In addition to these theories people have also search for factors like personality, social, physical, or intellectual at tributes that would help in identifying a leader. After a tedious era of searching for leadership traits researchers finally came up with seven most like traits that distinguished a leader from a non-leader (Avolio, & Bass, 1987). These traits were: ambition and energy, the desire to lead, honesty and integrity, self-confidence, intelligence, high self-monitoring, job-relevant knowledge (Leader to Leader Institute, 2004). However, the failure of different

Information Systems (Word Processing Assignment) Essay

Information Systems (Word Processing Assignment) - Essay Example Served with potato chips or substitute Safari fries for $1.49 Add a House salad or cup of soup for $4.99 - $10.99 Blue Mountain Chicken Sandwich - Tender grilled chicken breast, Cajun seasoned and topped with bacon, Swiss cheese, roasted red peppers and leaf lettuce. Served on a toasted bun with spicy Safari sauce and coleslaw. Add a House Salad or cup of soup for $4.99. - $12.99 Buffalo Fried Chicken Salad - Golden fried chicken tenders atop crisp greens, red cabbage, tomatoes, and carrots, in a chunky Blue cheese dressing. Garnished with crumbled Blue cheese and Buffalo sauce. - $13.99 Caribbean Coconut Shrimp - Tender shrimp rolled in fresh coconut and fried to a golden brown, served with sweet mango sauce, Caribbean rice and Napa veggies. Add a House salad or cup of soup for $4.99 - $18.99 Chicken Fried Chicken - Breaded chicken breast, lightly fried golden brown topped with country gravy and Napa vegetables. Served with red-skinned garlic mashed potatoes and Napa vegetables. Add a House salad or cup of soup for $4.99 - $16.99 Sparkling Volcano - Enough for 2 or more people! Giant rich chocolate brownie cake stacked up high, served warm with vanilla ice cream, fresh whipped cream, and topped with caramel and chocolate sauces. - $14.99 Selection of Beverages - Coke, Diet Coke, Cherry Coke, Sprite, Root Beer, Raspberry Iced Tea, Iced Tea, Hot Tea, Milk, Coffee, Natural Still or Sparkling Water, Lemonade, and Cranberry, Pineapple, or Orange juice. Prices

The Holocaust :: Holocaust Essays, The Nazis

When I visited the United States Holocaust Memorial Museum, I was sickened to learn of horrifying Nazi activities intended to improve the Aryan race and to learn about the human body.ï ¿ ½ While many people are aware that the Nazis had these goals, most are uninformed of the means used to reach them.ï ¿ ½ I was also ignorant of the extent of their attempts to establish themselves as ideal specimens of the human race.ï ¿ ½ They used many unforgivable methods to accomplish these aims, some of which were revealed to me during my visit to the museum. The Nazis attempted to create a master race through both vicious and less cruel means.ï ¿ ½ Before my visit to the museum, I was unaware that the Nazis had a program for forced sterilization for those who had genetic disorders or any traits that were undesirable to be passed down hereditarily (Holocaust Museum).ï ¿ ½ These included the mentally ill, the blind, the deaf, those with severe physical abnormalities, serious alcoholics, and Germans that were half-African (Holocaust Museum).ï ¿ ½ The sterilization of these people was legalized by the Law for the Prevention of Genetically Diseased Offspring, which took effect in 1933 (ï ¿ ½Deadly Medicineï ¿ ½).ï ¿ ½ Cases were heard by courts, but the vast majority of cases ended in the order to sterilize (ï ¿ ½Deadly Medicineï ¿ ½).ï ¿ ½ It is estimated that 300,000 Germans were forcibly sterilized by Nazi demand (Holocaust Museum).ï ¿ ½ Similar programs were in effect elsewhere in the world, including the United States (ï ¿ ½De adly Medicineï ¿ ½).ï ¿ ½ A law was implemented in Virginia allowing forced sterilization of ï ¿ ½feeblemindedï ¿ ½ people, and it was judged legal by the Supreme Court (ï ¿ ½Deadly Medicineï ¿ ½).ï ¿ ½ Euthanasia was also used by the Nazis to eliminate these people, even children (ï ¿ ½Deadly Medicineï ¿ ½).ï ¿ ½ Parents of the euthanized children were told that they had died from other causes, even though the children were murdered in hospitals (ï ¿ ½Deadly Medicineï ¿ ½).ï ¿ ½ Less severe methods of creating a perfect race included the Nuremberg Laws, which outlawed marriages between Jews and Germans, and the encouragement of large Aryan families with the ï ¿ ½Honor Cross of German Motherhood,ï ¿ ½ where mothers of four or more were given medals (ï ¿ ½Deadly Medicineï ¿ ½).ï ¿ ½ I was stunned to learn the extent of the Nazisï ¿ ½ actions that were intended to create a perfect race, and I was sickened to think that the Nazis might have committed further crimes s uch as these that are still unknown to the public. The Nazis also performed cruel medical experiments on Jewish prisoners, both living and dead.

Araling Panlipunan Essay

The Human Poverty Index (HPI) was an indication of the standard of living in a country, developed by the United Nations (UN) to complement the Human Development Index (HDI) and was first reported as part of the Human Development Report in 1997. It was considered to better reflect the extent of deprivation in developed countries compared to the HDI.[1] In 2010 it was supplanted by the UN’s Multidimensional Poverty Index. The HPI concentrates on the deprivation in the three essential elements of human life already reflected in the HDI: longevity, knowledge and a decent standard of living. The HPI is derived separately for developing countries (HPI-1) and a group of select high-income OECD countries (HPI-2) to better reflect socio-economic differences and also the widely different measures of deprivation in the two groups The Gender Empowerment Measure (GEM) is the United Nations Development Programme’s attempt to measure the extent of gender inequality across the globe’s countries, based on estimates of women’s relative economic income, participations in high-paying positions with economic power, and access to professional and parliamentary positions. In 1995 in the Human Development Report commissioned by the United Nations Development Program set-out to create two new measurement indices for measuring development. Their aim was to add to the Human Development Index by way of including a gender dimension in the measure. They were created in order to rival the traditional income-focused measures of development such as the Gross Domestic Product (GDP) and the Gross National Product (GNP). Haq, the first director of the Human Development Report Office, established several principles for the newly emerging measure including provisions that it had to be simple, had to be represented as a single number, had to be easily calculated, had to yield numbers that were internationally comparable, had to use numbers available on a yearly basis and had to use numbers that were easily interpretable. The resulting measures that were created were the Gender-related Development Index (GDI) and the Gender Empowerment Measure (GEM). The GEM, the more specialized of the two, is focused on indicating the relative empowerment of women in a given country.

Water Pollution in Vietnam - 1888 Words

Hanoi, Vietnam is Facing the Threats from Water Pollution With the rapid growth of industrialization in urban cities, the water around them is getting more and more polluted. One time I casually crossed by To Lich River, one of the big rivers in the capital Hanoi, behind the industrial zone. The river water there was polluted seriously and smelt really fetid. A lot of small fishes and other sea creatures were dead and floating on the surface of the river. I was thinking about how people could live near such a polluted environment and eat those poison fishes. They might be in danger. I then stopped thinking and went away because that smell made me nauseated. That was the ordeal. However, the rapid growth of industrialization is†¦show more content†¦3). According to Huong, the country should creates water management policies so as to use water resources effectively and efficiently and should study methods to treat and reuse wastewater and desalinize sea water along with improv ing a legal framework for water management and distribution. Water pollution doesn’t only happen in urban centers, but also happens in craft villages in Hanoi. The main cause leading to water pollution in craft villages is that traditional craft villages still currently use old-fashioned technology, causing water pollution and harm the human health. The water around there has been seriously polluted. â€Å"The latest survey by the Hanoi University of Technology showed that 100% of the samples of wastewater from craft villages have excessive contents of toxic chemicals than the permitted levels† (â€Å"Health and Environment Vietnam Hanoi† par.11). In the craft villages, the number of people with serious diseases like cancer has risen in recent years. The city has carried out a lot of big projects on water treatment system for craft villages with the capacity of 10,000-12,000 cubic meters per day (â€Å"Heath and Environment Vietnam Hanoi† par.7). Yet, to deal with this problem, â€Å"Professor Dr Dang Kim Chi, Chair of the VietnamShow MoreRelatedEssay Environmental Challenges in Vietnam1245 Words   |  5 Pagesand consumption of resources by said country. For decades Vietnam has strived to build an independent, self-reliant economy to provide for an improved chance at gaining a steady path towards being industrialized and developed. By gaining this title, Vietnam would move forward towards creating sustainability for future generations to come. Sustainable development comes with challenges, and it is these challenges that have prevented Vietnam from fully accomplishing their high set goals. 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For exampleRead MoreOverview Of Thailand Petroleum Industry Essay1366 Words   |  6 PagesEnergy Outlook Re-port (2015), the natural resources of Southeast Asia is abundant precisely fossil fuel resources in-cluding petroleum, gas, and coal and the significant countries that possess the major fossil resources are Indonesia, Malaysia, Vietnam and Thailand was ranked a number four of dominant countries. However, Thailand also was positioning in the second-highest energy consumption in Southeast Asia as a fo llowing Backing to 1950s, due to two major plans followings: rapidly changing ofRead MoreA Brief Note On Water Scarcity Of India1413 Words   |  6 Pages Geography inquiry Water scarcity in India Flora Leung What is water scarcity? Water scarcity is the phenomenon describing the lack of water sources or the lack of access to safe and clean water. Water scarcity is happening all over the world. Nearly 1 billion people in the world were suffering from it. In the world Asia is one of the continents, which is serious suffering from water scarcity. The countries that are facing serious water scarcity in Asia are concentrated in South Asia and India