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Archive for November 7th, 2008|Daily archive page

APEC ministers vow to join efforts against crisis

In Uncategorized on November 7, 2008 at 12:09 pm

Hanoi (VNA) – Finance ministers of the Asian Pacific Economic Cooperation (APEC) forum ended their two-day meeting in Trujillo, Peru on November 6 with a promise to coordinate their actions against negative impacts of the ongoing global financial crisis.

In the joint statement issued after the meeting, the ministers said they had discussed extensively the turmoil on global financial markets from the perspective of both short-term immediate actions as well as longer term action for reform of the regulatory and institutional regimes for the world’s financial sectors.

The meeting endorsed the recommendations of the Financial Stability Forum (FSF) and the Group of Seven (G7) Finance Ministers and Central Bank Governors Plan of Action and their subsequent support by the International Monetary and Financial Committee (IMFC) and the G20 special session.

Participants to the 15th APEC Finance Ministerial Meeting also recognised impacts of the current financial crisis on their economies and promised to collaborate.

They also reviewed regional economic situation and discussed ways to improve the public expense based on results-based budgeting and also the reform of capital markets.-

RoK, Japan to cooperate on stabilising financial market

In Uncategorized on November 7, 2008 at 12:08 pm

Seoul (VNA) – The Republic of Korea (RoK) has announced the agreement it reached with Japan to strengthen cooperation in stabilising regional financial markets amid current global financial turmoil.

RoK Finance Minister Kang Man-soo on November 6 met with two envoys from Japan – Toyoo Gyohten, head of the Institute for International Monetary Affairs, and former Vice Finance Minister Yoshiji Nogami, local media said.

According to head of the ministry’s international financial bureau, the minister and the Japanese envoys shared the opinion that both countries need to make joint efforts to stabilise regional financial systems as well as those around the world.

Kang also called for fast multi-lateralisation of the Chiang Mai Initiative and the expansion of the currently-envisioned 80 billion USD regional currency fund to be used for struggling Asian economies, the KBS news reported.

To ease the risk of global credit crunch, the need for cooperation among RoK, China and Japan is becoming larger, KBS news said.

Three countries are currently considering further expansion of the existing currency swap lines.-

ASEAN and partners discuss SME development

In Uncategorized on November 7, 2008 at 12:06 pm

Vientiane (VNA) – Government officials and business leaders from ASEAN countries and their partners – China , Japan and the Republic of Korea – are gathering in Vientiane , Laos to discuss ways of boosting cooperation among small and medium enterprises and increasing their competitiveness.

During the three-day meeting, which began on November 4, measures to tighten coordination among ASEAN member countries, as well as between ASEAN members and the three partners to help SMEs weather the storm of the current global financial crisis were laid out.

The 23 rd ASEAN Small Medium Enterprise Working Group meeting has also touched on the implementation of an ASEAN SME development policy during the 2004-2014 period, the Vientiane Action Plan and a White Book on SMEs.

Also on the meeting’s agenda is the 4 th consultative meeting between ASEAN SMEs and those from China , Japan and RoK. SME working groups from ASEAN countries will hold a separate meeting with agencies from Japan .

Progress in intra-ASEAN cooperation to develop small and medium enterprises is reviewed at similar working group meetings held every two years. This offers a forum for the ten member countries to share their experience and collaborate in the drawing-up of action plans, strategies and policy frameworks for the development of SMEs across the region.-

Indonesia to test tsunami warning system

In Uncategorized on November 7, 2008 at 12:05 pm

Jakarta (VNA) – Indonesia is to test its tsunami early warning system, which covers all parts of the country, on November 11, local media reported.

All six tsunami early warning sirens in Bali will be sounded for one minute, Indonesia’s Antara news agency quoted the spokesman for the Denpasar Meteorology and Geophysics Agency (BMG) Sutrisno as saying.

After the trial on November 11, trial tests would be routinely conducted on the 26 th of every month at 10 pm local time, the official said, adding that this effort is to increase public awareness and to test the early warning siren device.

Apart from the siren warning, the BMG will also raise the alarm through five different applications such as a short messages service, plus audio and text channels. Bali has experienced three-metre high tsunamis. –

Thailand launches new anti-drugs campaign

In Uncategorized on November 7, 2008 at 12:04 pm

Bangkok (VNA) – The Thai government has declared a 90-day war against drugs nationwide and plans to prevent possible killings among suspected drug dealers.

Prime Minister Somchai Wongsawat has launched the anti-drugs campaign, which will be enforced from November 3 until January 31 next year, and has named Interior Minister Kowit Wattana as the chief of the government’s drug suppression and control centre and Justice Minister Somsak Kiatsuranond as deputy chief of the centre, the Thai news agency (TNA) reported on November 6.

According to the PM, the anti-drugs campaign may be considered a follow-up to an earlier campaign launched during the former Thaksin administration.

He called upon authorities attached to all government agencies to join together in the 90-day nationwide crackdown on drugs. –

58 million USD for environment project in Quy Nhon

In Uncategorized on November 7, 2008 at 12:03 pm

Binh Dinh (VNA) – Quy Nhon city in the central province of Binh Dinh is implementing an environmental sanitation project worth almost 58 million USD, with nearly 46 million USD coming from the ODA capital.
The project, carried out from 2007 to 2014 , involves six components, including the construction of a drainage system, a waste collection system and 3 wastewater treatment plants.

As part of the project, a 30-ha solid waste management area and a resettlement area will be built.
The eight-year project also aims to promote hygienic practices in families and schools.-

Vietnam, Laos army medical experts meet

In Uncategorized on November 7, 2008 at 12:01 pm

A meeting between officials from Vietnam and Laos, focusing on army medical science opened in Hanoi on November 6.

Prominent at the meeting were Deputy Minister of Defence, Senior Lieutenant General Nguyen Huy Hieu, First Secretary of the Laos Embassy in Vietnam Van Dibua Thasavong, among numerous scientists, professors and doctors from Vietnam and Laos’ Military Hospitals 108.

The meeting aims to review the cooperation in special sciences between the two hospitals in accordance with a protocol signed by both Vietnam and Laos’ Ministries of Defence in 2005.

As many as 16 scientific reports and speeches were presented at the meeting to facilitate the exchange of experiences in the fields of diagnosis, emergency and treatment.

Addressing the meeting, the senior lieutenant general expressed his hope that the two countries’ departments of military medicine and the two hospitals will further increase their cooperation, exchange medical techniques and assist with the training of each other’s medical staff.-

Vietnam needs 48 billion USD to develop highways

In Uncategorized on November 7, 2008 at 11:59 am

Vietnam will need some 48 billion USD for the construction of 20 highways with a total length of over 5,870km, according to a proposed scheme to develop the country’s highways network between now and 2020 and beyond, which have been scrutinised by the Government.

At a seminar held in Hanoi on Nov. 6, Deputy Prime Minister Nguyen Sinh Hung said developing the domestic road network, including the highways, is considered a matter of great importance for Vietnam to create impetus for socio-economic development.

Under the master plan, the trans-national express system will include two routes, the systems in the north and south will have six routes each, the system in the central and central highlands region will have three routes and there will be three routes in the beltways in Hanoi and Ho Chi Minh City .

The target of the plan, formulated by the Ministry of Transport, is to form a network of modern national highways linking key economic hubs, main border gates and important traffic points that is able to coordinate with other modern modes of transport.

The plan is expected to help tackle the issue of traffic jams, as well as effectively reducing traffic accidents, initially in big cities such as Hanoi and Ho Chi Minh City .

According to the plan, highway routes connecting key economic zones, major cities and their beltways, and big sea ports will be prioritised for investment.

Vietnam now has 18 highway projects in the pipeline, including six under construction or to begin construction next year. Many of these projects have received funding from international organisations such as the Asian Development Bank (ADB), the German Reconstruction and Development Bank (KFW) and the Japanese International Cooperation Agency (JICA).

At the seminar, Deputy PM Hung called on international donors to give more assistance, both financial and technological, in order to develop Vietnam’s traffic network to meet increasing demand, reduce traffic accidents and minimise the impact on the environment.

The World Bank (WB) Acting Country Director in Vietnam Martin Rama pledged to increase levels of assistance to Vietnam in developing its transport infrastructure and to mobilise all available investment resources.

Martin Rama said the WB is ready to partner Vietnam in this area, financing and sharing experiences related to forming sustainable management and financial mechanisms.

According to a recent World Bank survey, Vietnam’s rapid economic growth associated with a high-speed urbanisation process and an increasing number of transport facilities, has put unrelenting pressure on the existing road systems. In addition, poor infrastructure and the high rate of traffic accidents are additional factors influencing Vietnam in its decision to build new roads.-

Women’s int’l football tourney to kick off

In Uncategorized on November 7, 2008 at 11:20 am

HA NOI — The annual International Women’s Football Tournament – Coal-Minerals Cup will kick off next week in Quang Ninh Province, with four teams participating.

The Viet Nam national team, the current reigning champions, will not take part in the tournament to defend their title.

However, according to the organising board, the Coal and Minerals team, who are the national championship silver medallists, HCM City and two visiting teams will make it a competitive tournament.

“Chinese Taipei will send their rejuvenated national team here. In their lineup are eight players who took part in the Asian Women’s Football Championships’ qualifier in HCM City recently,” said Deputy Head of the organising board Truong Hai Tung, who also heads the Viet Nam Football Federation’s women’s football section.

“Hubei are one of strongest team coming from China. They are playing in the national league, which gathers the 16 best teams. Many of their young members played in local youth tournaments,” Tung said.

He added that Vietnamese football fans had a chance to witness Hubei players’ skills since three of them are national team members and two others played for the national youth team in the HCM City competition.

Host team Coal and Minerals expressed their determination to win the title this year and said they will play all of their national players, who captured the silver medal at the ASEAN Women’s Football Championship last month.

In addition to Nhieu Thuy Linh, Nguyen Thi Mai Lan, Le Thi Thuong and Bui Thi Phuong, the team coaching board decided to borrow two other national strikers Nguyen Thi Minh Nguyet and Nguyen Thi Nga from the Ha Noi club to help ensure victory.

The HCM City team will bring their best players to Quang Ninh, including goalkeeper Dang Thi Kieu Trinh, three-time Golden Ball winner Doan Thi Kim Chi and goal-maker Nguyen Thi Tuyet Mai.

The four teams will play in round robin format. The team who collects the most points will enjoy gold medals and VND50 million (US$2,900). The runners-up will get VND30 million and VND20 million, respectively.

The organisers will also give prizes for best player, best scorer, best goalkeeper and a team award for sportsmanship.

To ensure fair play, an international referee from Myanmar has been appointed by the Asian Football Confederation. She will co-operate with six local colleagues.

The opening ceremony and match at Cua Ong Stadium will be aired live at 2pm on November 13 on VTV3. The final match is scheduled for November 20. —

BTV Cup to prep teams for season

In Uncategorized on November 7, 2008 at 11:20 am

HA NOI — Becamex Binh Duong will play against tough rivals in the International Binh Duong Television (BTV) Cup from November 27 to December 7.

Binh Duong were the V-League winners in 2007 and 2008. This tournament will prove a key test for the team before next years’ season begins.

Binh Duong signed a two-year contract with Portuguese coach Francisco Vital in September to up their chances in next year’s Asian Football Confederation (AFC)’s Champions League.

Coach Vital has a lineup of top form players including goalie Nguyen The Anh and Brazilian-born Alves Kesley, who has been playing in Viet Nam since 2004.

Eight V-League teams, including Hai Phong Cement, Dong Tam Long An, SHB Da Nang and host Binh Duong have registered to play in the tournament. Foreign teams from the Maldives, Thailand, Brazil and a student team from South Korea will also participate.

Maldives’ New Radiant team and Thailand’s TOT will make their first BTV Cup appearance this year. The South Korean student team will also make its debut this year.

Defending champion Matsubara from Brazil, who edged out Dong Tam Long An 4-3 in penalty kicks after a 1-1 draw last year, will pose a significant challenge to all teams at the tournament.

South Korea’s Deajeon crushed SHB Da Nang 3-1 to take last year’s third place prize of US$5,000.

The teams will compete in a two-group round robin style tournament. The top team from each group will face-off in the semi-finals to qualify for the championship match and the winner’s $20,000 cash prize.

The tournament is a warm-up for the Vietnamese V-League National Football Championship which will kick off early next year. —