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Archive for September 24th, 2008|Daily archive page

First chemistry workshop for overseas Vietnamese

In Uncategorized on September 24, 2008 at 12:34 pm

Hanoi (VNA) – The first workshop on chemistry and chemistry technology for overseas Vietnamese will be held in Paris, France, between November 7-8.

The workshop organisers expect to attract more than 100 scientists, including overseas Vietnamese and those living in Vietnam , said the organising board, adding it aims to build links between Vietnamese chemists, regardless their work is at home or overseas.

According to the Overseas Vietnamese Committee, 300,000 out of 3 million overseas Vietnamese living in 90 countries and territories are intellectuals, with the majority residing in France, the US and Australia.-

Officials trained in radioactive sources security

In Uncategorized on September 24, 2008 at 12:34 pm

Thirty two officials from Departments of Science and Technology and involving radioactive sources agencies nationwide are attending a training course on security of radioactive sources of g roup A that commenced in Hue city on September 23.

The training course aims to raise awareness on radioactive sources security and guide the officials in implementing Vietnamese regulations on radioactive sources safety and international commitments that have been signed by Vietnam’s government.

Lecturers at the course are experts from Vietnam Agency for Radiation and Nuclear Safety & Control (VARANSAC), Australian Nuclear Science and Technology Organisation (ANSTO) and the US National Nuclear Security Administration (NNSA).-

Budget cell phone market booms

In Uncategorized on September 24, 2008 at 12:33 pm

The budget cell phone market is enjoying a boom when mobile phone service providers are shifting their attention to low-income customers.

S-Fone is a leading business in the race with the launch of six new handset models branded eCo priced at between 270,000 and 499,000 VND each, the lowest price in the market. More than 100,000 eCo handsets were sold after just one month.

Together with the launch of cheap and convenient handsets, S-Fone also offered a special promotion programme which presents newly activated eCo subscribers with 1.5 million VND in their accounts.

Following S-Fone, the most popular mobile service provider in the country MobiFone also plans to introduce its low-priced cell phones with attractive subscription packages.

Recent market surveys revealed that the demand for low-range cell phones is on the increase. The demand for this product has risen to 70 percent of market share from around 50 percent at the end of last year. It is predicted that 90 percent of first-time mobile phone users will choose a cheap model.

Telecom businesses explained that customers are attracted by not only easy to use functions and cheap prices of the product but also cheap subscription fees and attractive promotion programmes offered by service providers.

The fee race among mobile phone service providers has enabled consumers with modest income to access the service.

Models priced between 599,000-950,000 VND each made by Nokia, Motorola, Samsung and Sony Ericsson are also selling very well while S-Fone said it is unable to meet demand for eCo handsets.

The German market research company GFK forecast that Vietnam ’s mobile phone retail market will grow by around 35 percent this year.-

Nasdaq OMX helps develop Vietnamese securities market

In Uncategorized on September 24, 2008 at 12:32 pm

Hanoi (VNA) – Nasdaq OMX Group, Inc. of the US will support the development of the Vietnamese securities market under a Memorandum of Understanding (MoU) it signed with the Ho Chi Minh Stock Exchange (HOSE) in New York on Sept. 23.
Nasdaq OMX pledged to share its technology and market experience with HOSE and the Vietnamese capital market as a whole to help increase their capability, infrastructure, and liquidity.

HOSE Chairman Nguyen Doan Hung said that the agreement aims to establish a channel for information exchange in the areas of system operations, regulatory framework, cross-listing and product development. “This is an official and long-term commitment for further cooperation between the two exchanges and the two markets,” Hung said.-

Vietnam eyes bigger share in Russia’s farm produce market

In Uncategorized on September 24, 2008 at 12:31 pm

Moscow (VNA) – Russia is a very important market of Vietnamese farm produce, said Deputy Minister of Agriculture and Rural Development Luong Le Phuong while opening a seminar on the foothold of Vietnamese farm, forestry and seafood products in Russia held in Moscow on Sept. 23.

Vietnam earned 239 million USD from the export of the staple to Russia in 2007, of which 118.7 million USD was from seafood alone.

However, only 36 out of Vietnam ’s total 200 seafood processors and exporters have to date sold their products in Russia – a market with more than 142 million people.

Phuong attributed Vietnam ’s modest farm export earnings from Russia to both Vietnamese and Russian businesses’ failure to get to know each other’s demands and capacity.

“There was a time that Vietnamese businesses have concentrated only on the US and EU markets and forgotten the big and potential Russia ,” Phuong admitted.

He said Vietnam will hold a trade promotion seminar in Russia annually in addition to organising market research tours of Vietnam for Russian importers with a view to making the two countries’ businesses better understand their demands and reach deals.

Phuong believed that such efforts will be paid off and two-way trade value between Vietnam and Russia will reach 2-3 billion USD a year from 1 billion USD in 2007, with seafood, rice and tea remaining Vietnam ’s key export lines to Russia.-

FedEx Vietnam multiplies transport capacity

In Uncategorized on September 24, 2008 at 12:31 pm

HCM City (VNA) – The world’s leading courier providers, FedEx introduced a new Airbus A310 flight service into the Vietnamese market on September 24, thus increasing its local transport capacity five-fold, to 30 tonnes a day.

The new service will also help reduce the transit times into and out of the capital, Hanoi by one day.

President of the FedEx – Asia Pacific Region, David L Cunningham Jr said “The service enhancement reinforces the FedEx commitments to provide greater access for customers doing business with Vietnam ”, as the country emerged as the second-fastest growing market in Asia, behind China .

“It also helps increase Vietnam ’s competitiveness throughout the region and around the world by delivering greater connectivity and convenience to our customers”, he concluded.–

Egyptians keen on Vietnam’s catfish

In Uncategorized on September 24, 2008 at 12:30 pm

Hanoi (VNA) – The Commercial Bureau and the Embassy of Vietnam to Cairo have been busy with phone calls over the last month from Egyptian businesses, enquiring about Vietnamese catfish bearing the Tra and Basa trademarks.

The Vietnam Association of Seafood Exporters and Processors (VASEP) quoted the Vietnamese embassy as saying that stocks of frozen Tra and Basa products have been depleted in the Middle-East market recently due to Egyptians stocking up on food supplies in preparation for the month of Ramadan.

Ambassador Le Tien Ba said that Tra and Basa trademarked catfish products are widely available in supermarkets, food shops and traditional markets in Egypt with retail prices of between 3 and 4 USD per kg.

“These products are now the first choice of many housewives and are making their presence more frequently on the dining tables of Egyptians,” he said.

VASEP said Tra catfish products have gained a firm foothold in 107 foreign markets so far, which have consumed some 750 million USD worth of the products in the first seven months of the year.

This figure is expected to hit the 1.2 billion USD mark for the entire year, representing a year-on-year increase of over 200 million USD.–

Drainage systems to cost 3.4 billion USD

In Uncategorized on September 24, 2008 at 12:30 pm

Hanoi (VNA) – Vietnam will need approximately 3.4 billion USD to build drainage and waste water treatment systems in urban areas and business districts of the country’s three key economic zones between now and 2020.

According to a recent decision signed by Prime Minister Nguyen Tan Dung, this amount does not include sums paid in compensation for ground clearance.

The drainage system planned for the northern region will be designed to connect with the basins of six major rivers, namely Nhue, Cau, Hong (Red), Thai Binh, Lach Tray, Cam rivers, and Quang Ninh province’s coastal area.

The central region’s drainage basin will include several main river basins that serve five cities of Da Nang , Hue , Tam Ky , Quang Ngai and Quy Nhon.

The drainage system in the southern region will be divided in to serve three main areas, including the high-terrain area covering Dong Nai, Binh Duong, Binh Phuoc and Tay Ninh provinces, the area of Ho Chi Minh City, and the area of Long An and Tien Giang provinces.

The PM added that the use of materials and technology for each waste water treatment system must be appropriate to the concrete conditions of each respective area.-

Maybank holds 15 percent stake in ABBank

In Uncategorized on September 24, 2008 at 12:29 pm

Hanoi (VNA) – Malaysia ’s top lender Maybank officially became a strategic partner of the An Binh Joint Stock Commercial Bank (ABBank) on Sept 24.

The Malaysian bank has paid over 1.5 trillion VND to purchase almost 40.59 million shares of the ABBank, or 15 percent of the local bank’s charter capital.

This move has helped increase the ABBank’s charter capital to more than 2.7 trillion VND.

In the near future, the two banks will cooperate in formulating business strategy, expanding local networks, studying the possibility of linking the two banks’ ATMs, and developing banking services.

Maybank has also committed to sharing experiences in personnel training, and to providing a range of consultancy and information technology solutions.-

Vietnam’s biggest presence yet at Moscow’s Worldfood

In Uncategorized on September 24, 2008 at 12:28 pm

Moscow (VNA) – Seafood exporters from Vietnam have spent over 21,400 Euro to rent an area of 68 sq.m to showcase their products at the Worldfood exhibition in Moscow , Russia , from September 23-26.

This represents the Vietnam Association of Seafood Exporters and Processors’s (VASEP) largest ever presence at an international food exhibitions or fair, according to an association representative.

Ho Thi Thu Trang from VASEP said that Moscow is one of the two international food exhibitions that VASEP attends every year – the other taking place in Dubai .

This year, the Moscow exhibition attracted nine members of VASEP, despite the cost of attendance being four times higher than that of Dubai .

“This is because Russia is the biggest consumer of Vietnamese catfish, accounting for 15 percent of the gross export turnover”, said Trang.

This year’s event, the 17th Worldfood exhibition covers over 60,000 sq.m of space and draws 1,300 companies from 61 countries, including traditional members such as Argentina, Belgium, the US, Italy and Germany.

Vietnam ’s representatives made their debut at the event in 2005.–