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Archive for August 15th, 2008|Daily archive page

Ophthalmology centre to open in Hue

In Uncategorized on August 15, 2008 at 3:16 pm

The Health Ministry and the provincial authority of Thua Thien-Hue on August 14 broke ground for the Hue Ophthalmology and Training Centre, a 4 million USD addition to Hue Central Hospital.

The centre is expected to significantly upgrade services to patients with severe eye illnesses.

Funded by the Bermuda-headquartered NGO Atlantic Philanthropies (AP) and carried out by the East Meets West Foundation (EMW), the project is a humanitarian gift to the people of Hue and is expected to be completed by the end of 2009.

The eye hospital addresses a critical need as blindness is widespread in Vietnam , and several hundred thousand cases require surgery.

Speaking at the ground-breaking ceremony, the director of Hue Central Hospital , Bui Duc Phu, said the four-storey building would include facilities equipped with state-of-the-art ophthalmology equipment for exams, diagnosis and operations as well as conference rooms and laboratories for training purposes.

Phu said EMW and AP had funded new facilities for the Hue Hospital ’s Pediatrics Department and the 8.3 million USD Hue Cardiovascular Centre became operational at Hue Central Hospital , with 200 in-patient beds, four operating theaters and an intensive care unit.

This year, 1,000 surgeries are expected to be performed at the centre.

”East Meets West is working towards the goal of improving overall health care in Vietnam while targeting specific sectors, and vision is clearly one of the most essential components to a person’s life,” said Mark Conroy, EMW country director.

EMW also built the Hue University Learning Resource Centre, a modern library that has multimedia, seminar and study areas.

The partnership between Atlantic Philanthropies and EMW has provided health and higher education infrastructure in several Vietnamese localities including Hanoi and Thai Nguyen and Quang Tri provinces since 1998.-

Seminar introduces innovative construction

In Uncategorized on August 15, 2008 at 3:14 pm

Innovations in the construction industry were on show at a seminar in the capital on August 13 organised by Kuwait’s Kirby Southeast Asia Co.

The seminar aimed to provide Vietnamese consultants, designers and architects with access to cutting edge appliances as well as innovations in the construction and steel sectors, and to find the best ways to utilise these innovations in the Vietnamese construction industry.

Kirby Southeast Asia is one of the world’s leading pre-engineered steell building manufacturers. Earlier this month, the company launched a new factory in the southern province of Dong Nai with an annual output of 50,000 tonnes per year, Kirby has offices in HCM City, Da Nang and Hanoi.-

Luxury Travel launches first English blog in VN

In Uncategorized on August 15, 2008 at 3:14 pm

The Luxury Travel Company has launched the firsttravel blog in English in Vietnam providing the latest in trends, new, advice and travel stories from across its Asian destinations.

Various travel advisors can share with bloggers and internet surfers their local know-how about travelling in the region.

“The amazing thing about a blog is instant presence online,” said Pham Ha, CEO and founder of luxury Travel Company.

The blog will allow clientele to benefit from the advice and experiences of its luxury travel advisors, as well as other customers, on travel to Vietnam, Cambodia, Laos, Myanmar, Thailand and other destinations in Asia, according to the company’s press release.

Anyone interested can blog on to

HCM City could get 718 million USD flood plan

In Uncategorized on August 15, 2008 at 3:13 pm

The Ministry of Agriculture and Rural Development has asked the Government to approve a 11.5 trillion VND (718.75 million USD) plan drafted by Ho Chi Minh City to improve drainage and reduce flooding.

The city’s low lying areas in the south and districts along the Sai Gon River like 2, 6, 7, 8, 9, 12, and Thu Duc are invariably flooded during the rainy season.

Cu Chi Hoc Mon, Binh Chanh, and Can Gio district in the outer region se flooding caused by high tides and rains.

The plan envisages tide control in canals around the city and upgrades to the right bank of the Sai Gon and Nha Be rivers.

The Rach Tra-Thay Cai-An ha canal network and the Cho Dem canal will be dredged to improve drainage.

The Vam Thuan-Tham Luong- Ben Cat canal and the Nuoc Len irrigation canal will also be dredged to improve drainage.

The ministry has told the city to ensure canals and irrigation canal are not filled to the brim to ensure they have room for run-off water during heavy rains.

The plan seeks to reduce flooding in the Dong Nai-Sai Gon river system and along the left banks of the Nha Be and Soai Rap rivers.

It will channel excess water from the Dong Nai river into the Thi Vai and Dong Mon rivers and from the Sai Gon river into the Rach Tra canal to reduce flooding in the city.-

Quang Ninh licenses wharf building project

In Uncategorized on August 15, 2008 at 3:12 pm

– Northeastern Quang Ninh province on August 15 licenced the International Container Cai Lan Company to invest 120 million USD in building and operating three wharves.

The wharves, planned to be completed in 2014 at the latest, will be capable of receiving container ships of up to 40,000 DWT.

The International Container Cai Lan Company is a joint venture of the Cai Lan joint stock company and SSA Holdings International-Vietnam Inc, an affiliate of the US SSA Marine group.-

One more project in border economic zone

In Uncategorized on August 15, 2008 at 3:12 pm

– Bo Y International Border Gate Economic Zone in Central Highlands Kon Tum province has attracted one more investment project namely the system of warehouses and parking-lots.

Valued at 70 billion VND, the project, owned by Ho Chi Minh City-based Dong Thien Phu Company, is scheduled to be completed at the end of the next year.

The zone has so far been home to 24 investment projects with a total registered investment capital of 282 trillion VND, Nguyen The Dat, Head of the Management Board of the Bo Y International Border Gate Economic Zone said.-

Vietnam Auto Show 2008 to open in Hanoi

In Uncategorized on August 15, 2008 at 3:11 pm

Vietnam Auto Show 2008, the biggest of its kind so far, will be held in Hanoi from August 21-25 with the participation of 12 members of the Vietnam Automobile Manufactures’ Association (VAMA).

The show, jointly organised by VAMA and the Asia Trade Fair and Business Promotion Joint Stock Company , is a biennial event from 2002 and an annual event from 2008 .

On display at the fourth show, entitled “A true dream”, will be four-seat and seven-seat cars, minibuses, city buses, passenger cars and vehicles of special purposes.

Services and products of the supporting industry, including car interior products, car accessories and components, bank services and insurance, will also be exhibited during the five-day show.

Economical and environmentally friendly cars made by Honda, Toyota , Ford and Mercedes-Benz will be highlighted at the show.

A seminar on automobile assembly and production in VN will also be held during the event.

VAMA President Udo F. Loersch told the press on August 15 that the show not only reflects domestic automobile manufacturers’ active growth and technology development but also is an opportunity for foreign businesses to explore Vietnam ’s supporting industry.

He pledged continued investment in Vietnam ’s automobile sector and hoped that the Vietnamese Government will apply long-term stable tax policies in facilitating automobile manufacturers’ further investment in production.

VAMA, a non-profit organisation, has 17 members, including 11 joint venture and foreign-invested firms. Making its debut in 2000, the association has made considerable contributions to Vietnam ’s automobile industry and created more than 65,000 jobs for local workers.-

Pertamina aims cooperation with PetroVietnam

In Uncategorized on August 15, 2008 at 3:10 pm

Jakarta (VNA) – Indonesia’s State oil and gas company Pertamina is looking into the possibility of cooperation with PetroVietnam in managing oil and gas blocks in Iraq.

This was shared by Pertamina President Ari Soemarno following a meeting between Energy and Mineral Resources Minister Purnomo Yusgiantoro and PetroVietnam General Director Tran Ngoc Canh in Jakarta on August 14.

The Pertamina president was quoted by Antara News Agency as saying that his company was also exploring the possibility of cooperation with PetroVietnam in managing oil and gas fields in Latin America, South Africa and Ecuador.

Both Pertamina and PetroVietnam have oil and gas blocks in Iraq, he said, adding that the two companies have so far cooperated with Malaysia’s Petronas in managing tripartite blocks in Indonesia, Malaysia and Vietnam.-

21.4 billion USD for real estate market

In Uncategorized on August 15, 2008 at 3:10 pm

– The real estate market attracted 21.4 billion USD of foreign direct investment (FDI) in the first seven months of the year, representing 48 percent of the total newly-registered capital, according to the Ministry of Planning and Investment (MPI).

The market accounted for 35 percent in 2007 and about 22 percent in previous years, the Foreign Investment Department under the MPI reported.

Of the total investment, investors have poured 13 billion USD in building luxury urban areas and buildings for office lease, nearly 8.3 billion USD in tourism and hotels, and the rest for infrastructure in export processing and industrial zones.

Remarkable projects include the 4.2 billion USD resort in southern coastal Ba Ria-Vung Tau province by the Canadian Asian Coast Development Ltd, the 3.4 billion USD university township in Ho Chi Minh City by the Malaysian Berjaya Leisure group and the 1.65 billion USD resort, golf course and apartment complex in southern Kien Giang province by the Starbay Holding Ltd. (B.V. Island).

The big flow of capital into the realty industry has aroused economists’ angst. Pham Chi Lan, a senior pundit, said that foreign investors will import massive materials for their projects, thus accelerating trade deficit.

As real estate projects do not export products, investors will retrieve their capital in VND and transfer them in foreign currencies in their home country, thus causing difficulties to Vietnam’s forex balance.

Another pundit, Le Dang Doanh, hold that the real estate investment neither create jobs, nor boost technology transfer, production and export, and worse, may break the socio-economic development plan.

Contrary to those worries, head of the Foreign Investment Department Phan Huu Thang considered the situation as good.

He said that Vietnam is facing a shortage of property supplies. Foreign investors are welcomed and given favourable conditions if they wish to invest in the sector.

He also suggested authorities and relevant agencies improve their capacity in capital management, supervision and disbursement to ensure balanced and suitable patterns of development for their localities.-

Oxfam UK-supported project seen effectiveness

In Uncategorized on August 15, 2008 at 3:07 pm

– A project on developing local managers’ capacity in service of the poor in the central province of Ninh Thuan, has been making progress.

The project disbursed 938 million VND, including 783 million VND contributed by the Oxfam UK, in more than one year of implementation.

The project, which started in July 2007 and is scheduled to be completed in April 2011, had a total investment capital of 5.65 billion VND with 5.15 billion VND coming from Oxfam UK.-