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Archive for November 9th, 2009|Daily archive page

VN-Index sees bear take it all

In Uncategorized on November 9, 2009 at 12:04 pm

The index of 181 companies and four mutual funds traded on the Ho Chi Minh Stock Exchange opened the week tumbling 3.75 percent to a two-month low, with anxiety to dump stocks setting the prices low.


Vietnam’s benchmark VN-Index lost 20.79 points to close at 534.09 Monday. Trading volume was almost halved from the average last week to the smallest volume for over a month. Only 47.7 million shares worth VND2.1 trillion (US$117.5 million) changed hands.


According to some analysts, the index will drop further to around 520-530 and stay there for a while before making a powerful rally.


On the index, only six companies advanced, 176 dropped and three were unchanged.


Declines on the southern market were led by the city-based Transforwarding Warehousing Joint Stock Corp. or TRANSIMEX (TMS), Sieu Thanh Joint Stock Corp. that produces office and household equipment also in the city, and the Hanoi-based Tan Vien Petroleum Joint Stock Co. that also does business in real estate, resorts and sports service.


Vietnam Electricity Construction Joint Stock Co. (VNE), a power plant builder, dropped 4.5 percent to VND16,900. Vice General Director Nguyen Trong Binh plans to cut his holding in the company to 0.48 percent from 0.79 percent, according to a statement filed on the exchange website. Binh will start selling 100,000 shares starting from this week, and the sale will complete by the end of March.


Phuoc Hoa Rubber Co. (PHR), Vietnam’s biggest listed rubber company that operates a rubber tree plantation, slid 4.8 percent to VND39,800. Rubber declined for the second time in three days, as a drop in oil cut the cost of making rival synthetic products used in tires and a stronger Japanese currency weakened the appeal of yen-denominated contracts, Bloomberg said.


Bank and finance stocks enjoyed robust trading.


Vietnam Export and Import Bank or Eximbank (EIB), which lost 2.22 percent to VND26,400, had nearly 3.6 million shares changing hands on the city bourse, becoming the most active stock Monday by volume. The next most active issues were Saigon Commercial Bank or Sacombank (STB) with 2.94 million shares traded and Saigon Securities Inc. (SSI), Vietnam’s largest brokerage, with 2.2 million shares.


The market up north went red as well when the HNX-Index slid 3.88 percent or 7.33 points to 181.81. Around 21 million shares were traded at VND851 billion, down 39 percent in volume and 44 percent in value from last week average.


UPCoM-Index also fell 0.28 points, 0.39 percent, to 71.65. A total of VND621.4 million was spent trading 39,408 shares.


On the global market, Japan’s Nikkei 225 Stock Average rose for a second day, led by insurance companies after they reported increased earnings.


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Government to keep tabs on Chinese medicine clinics

In Uncategorized on November 9, 2009 at 12:03 pm

The Ministry of Health has ordered provincial health authorities to closely monitor traditional Chinese medicine clinics where Chinese nationals are employed, Pham Vu Khanh, head of the Traditional Medicine Department, said November 8.








A traditional Chinese medicine clinic at an unidentified location with a board in front with the list of ailments the clinic purports to cure. The Government has begun to crack down on dubious practices by such clinics.

Health departments around the country have also been asked to monitor advertisements, medicine prices, and treatment at these clinics as well as issue of licenses for them, and their legal documents.
 
Many traditional Chinese medicine clinics operate in Hanoi, Ho Chi Minh City, and major provinces and often make claims in advertisements that they can cure many irremediable diseases.
 
They also reportedly sell medicines of unclear origins at very high prices and have Chinese nationals working there with false qualifications
 
There are 64 Chinese doctors known to authorities to be practicing at 54 clinics around the country. In Hanoi alone, there are 23.


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Vietnam to join Asian Fashion Federation

In Uncategorized on November 9, 2009 at 12:02 pm








A design by Truong Anh Vu of Vietnam that will be presented in the Asian Fashion Federation annual meeting in Hanoi on November 22 (Photo: Tuoi Tre) 

Vietnam is set to become the sixth member of the Asian Fashion Federation at its annual meeting to be held in Hanoi on November 22, said Le Quoc An, chairman of the Vietnam Textile and Apparel Association.


This year’s meeting, themed “Asian Fashion-A World Fashion Class Hub,” will feature special collections by designers from the six member-countries at a ceremony that will be broadcast live on Vietnam television’s channels 9 and 4.

The Asian Fashion Federation was established in 2002 following an agreement between Japan, Korea, and China. Singapore and Thailand joined up in 2007 and 2008.


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Sheraton Saigon Hotel wins global honor

In Uncategorized on November 9, 2009 at 12:02 pm

The Sheraton Saigon Hotel & Towers leapfrogged many big names in the region to win the World Travel Award for being “Asia’s Leading Conference Hotel” in 2009 at a ceremony in London on November 8.








The entrance of the Sheraton Saigon Hotel & Towers

It was also named “Vietnam’s Leading Hotel.”


Sheraton Hanoi Hotel and Evason Ana Mandara Resort were respectively “Vietnam’s Leading Business Hotel” and “Vietnam’s Leading Resort.”


Sheraton Saigon Hotel & Towers belongs to the Starwood (USA) hotel group, which has more than 940 properties in more than 100 countries.


Established in 1993, the World Travel Awards honor excellence in all sectors of the global travel industry. Called by the Wall Street Journal as the “travel industry’s equivalent to the Oscars,” the awards are considered the most prestigious in the industry and have more than 167,000 travel professionals worldwide voting to pick the winners.


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New resort to be built in Ke Ga Cape

In Uncategorized on November 9, 2009 at 12:01 pm









Ke Ga Lighthouse in Ke Ga Cape, Binh Thuan Province


Khoi Nguyen Co. announced November 7 that the Pavillons Villa and Resort will be built in Binh Thuan Province’s Ke Ga Cape.


Covering an area of ten hectares with 60 luxury villas, The Pavillons is designed by the French company Site Architecture Sarl.


Beside high-class services, such as a swimming-pool, golf course, tennis course, spa and restaurants, The Pavillons also benefits nearby natural attractions, including Ta Cu forest, Hon Lan beach, and Bung Thi hot springs.


The Pavillons will be managed by Swiss-Belhotel International.


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Ancelotti warns of Gunners threat as Fergie fumes

In Uncategorized on November 9, 2009 at 12:01 pm








Carlo Ancelotti throws the ball back during the footbal match between Chelsea and Manchester United at Stamford Bridge on November 8, 2009. AFP PHOTO

LONDON, Nov 9, 2009 (AFP) – Carlo Ancelotti has rubbed salt into Manchester United’s wounds over their controversial defeat at Chelsea by suggesting Arsenal are just as big a threat to his side’s Premier League title ambitions.


Chelsea’s 1-0 win, sealed by John Terry’s late header, allowed Ancelotti’s men to open a five-point lead at the top and left his United counterpart, Sir Alex Ferguson, once again aggrieved over his side’s treatment at the hands of a referee.


While Ferguson admitted his side now face a tough task in attempting to close the gap on a Chelsea squad that is becoming as rich in confidence as it is in experience, Ancelotti was quick to underline the unexpected vibrancy of Arsenal’s challenge as a reminder of the dangers of complacency.


“If Arsenal win their game in hand, they will be within two points of us,” he said when asked to speculate on whether the title race was now a two-horse affair.


“I think also Arsenal is doing very well.


“A five-point lead is important, but at the same time, not so important. We have 30 points in 12 matches but we know the season is very long. We have to stay focused.”


Chelsea fans’ optimism that Ancelotti could emulate Jose Mourinho in wresting the Premier League trophy away from Old Trafford will have been encouraged by the fact that, three months into his first season in England, the Italian has now master-minded wins over both United and Liverpool.


“That is important,” Ancelotti said. “But we lost against Wigan and Aston Villa. This means every game is the same. It is always three points and we have to maintain concentration against Manchester United, against all teams.


“It was very difficult to beat Manchester, the match was very balanced for 90 minutes and it was difficult for both teams to create chances to score. Sometimes we lost with the set plays, this time we won.”


The set play that decided Sunday’s match was a 76th-minute freekick awarded to Chelsea after referee Martin Atkinson — mistakenly — judged that Darren Fletcher, who had been outstanding for United, had fouled Ashley Cole close to the left touchline.


Frank Lampard’s inswinging delivery was glanced into the net by Terry, although Nicolas Anelka also celebrated as if he had got the final touch.


Either way, Chelsea were fortunate to take all three points after a contest that a depleted United side had controlled for long periods, which only contributed to Ferguson’s frustration over the critical free-kick.


“Clearly, Darren Fletcher’s won the ball, Ashley Cole’s never touched and has jumped up in the air, and then (Didier) Drogba’s pulled Brown to the ground for the goal,” Ferguson said.


“The referee’s position to make the decision was absolutely ridiculous, he can’t see anything. He’s got a Chelsea player (Joe Cole) standing right in front of him and he doesn’t even move.


“That goal shoudn’t have been allowed. It was a bad decision, but there’s nothing we can do about it. You lose faith in refereeing sometimes, that’s the way the players are talking in there. It was a bad one.”


Ferguson maintained sufficient composure to acknowledge that United could only blame themselves for failing, over the course of the 90 minutes, to turn their domination of possession into better chances.


“We had great opportunities to get to the edge of the box and some really good chances in and around the box, but we should be finishing it off,” the Scot recognised.


“We’ve only ourselves to blame in that respect. But you do need a break – and we never got the break we needed.”


Ferguson also admitted that the setback at Stamford Bridge was far more significant than last month’s 2-0 defeat at Liverpool.


“The fact is Chelsea go five points clear of us,” he said. “The defeat to Liverpool didn’t affect our position in the league, this affects our position in the sense that if we’d have won we’d have gone top.”


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Hull boss Brown avoids spotlight after vital win

In Uncategorized on November 9, 2009 at 12:00 pm

HULL, England, Nov 9, 2009 (AFP) – Hull manager Phil Brown opted to keep a low profile after his side eased the pressure on their beleaguered leader with a 2-1 win over Stoke.


Brown has been fighting to save his job in recent weeks and he chose not to speak to the media after Jan Vennegoor of Hesselink hit a last-gasp winner at the KC Stadium on Sunday.








Hull City manager Phil Brown issues instructions to his players during the match between Hull City and Stoke City (AFP photo)

Hull, having won just three times in 33 Premier League games, had seemed destined for another damaging defeat after a first-half strike from Matthew Etherington.


But Seyi Olofinjana levelled for the Tigers and Vennegoor of Hesselink struck moments after Stoke had Abdoulaye Faye sent off to lift Hull out of the relegation zone.


“He’s having a beer – he deserves one,” assistant manager Brian Horton said.


“He does like the spotlight, there’s nothing wrong with that but this time he’s chosen not to. He’s a good manager and does lots of good things that people don’t see. He’s got a great future in the game.”


Hull were the better team throughout and Etherington’s effort came against the run of play on 29 minutes after the hosts had already missed several chances.


Olofinjana, who quit Stoke for Hull in pre-season, hit a superb equaliser just after the hour.


Faye’s dismissal for a second bookable offence left the visitors hanging on, and substitute Vennegoor of Hesselink fired home after a Jimmy Bullard shot was beaten away.


Stoke boss Tony Pulis said: “It is the third time we have led away from home this year and not won the game.


“We weren’t at our best but when Matty scored we were hoping that would take us on.”


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Ronaldo in Portugal squad despite injury

In Uncategorized on November 9, 2009 at 12:00 pm

LISBON, Nov 8, 2009 (AFP) – Portugal coach Carlos Queiroz on Sunday announced a 23-man squad, including a nominally injured Cristiano Ronaldo, to face Bosnia in their November 14 and November 18 World Cup playoff games.


Queiroz has called on Ronaldo, despite the opposition of the player’s club Real Madrid, who estimate their star will be out of action for at least two more weeks as he recovers from an ankle injury which has forced him to miss the club’s last seven matches.








This file picture dated July 6, 2009 shows Real Madrid’s new player Portuguese Cristiano Ronaldo waving to supporters during his official presentation at the Santiago Bernabeu stadium in Madrid. (AFP photo)

Ronaldo initially injured his right ankle in Real’s 3-0 Champions League victory over Marseille at the end of September and aggravated the problem while playing for Portugal on October 10.


Quieroz says that the national team’s doctors will examine him and see if he can play some kind of a role, even from the bench.


Two new names in the squad are Benfica’s Fabio Coentrao and Chelsea keeper Hilario while Ricardo Costa, a defender with German champions Wolfsburg, is back after a two-year absence.


Portugal, semi-finalists in 2006, play Bosnia on November 14 in Lisbon and November 18 in Zenica with the winners qualifying for the 2010 World Cup finals in South Africa.



Portugal squad:


Goalkeepers: Hilario (Chelsea/ENG), Eduardo (Sporting Braga), Rui Patricio (Sporting Lisbon).


Defenders: Ricardo Costa (Wolfsburg/GER), Bruno Alves (FC Porto), Paulo Ferreira (Chelsea/ENG), Miguel (Valencia/ESP), Pepe (Real Madrid/ESP), Ricardo Carvalho (Chelsea/ENG), Rolando (FC Porto).


Midfielders: Deco (Chelsea/ENG), Duda (Malaga/ESP), Joao Moutinho (Sporting Lisbon), Fabio Coentrao (Benfica), Miguel Veloso (Sporting Lisbon), Raul Meireles (FC Porto), Tiago (Juventus/ITA).


Strikers: Cristiano Ronaldo (Real Madrid/ESP), Liedson (Sporting Lisbon), Nani (Manchester United/ENG), Hugo Almeida (Werder Bremen/GER), Simao Sabrosa (Atletico Madrid/ESP), Edinho (Malaga/ESP)


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Fergie fumes at referee after Chelsea defeat

In Uncategorized on November 9, 2009 at 11:59 am

LONDON, Nov 8, 2009 (AFP) – Sir Alex Ferguson launched a furious attack on referee Martin Atkinson after his decison to award a controversial free-kick sent Manchester United crashing to a 1-0 defeat at title rivals Chelsea on Sunday.








Manchester United manager Sir Alex Ferguson (R) prepares to bring on striker Michael Owen (L) during the match between Chelsea and Manchester United(AFP photo)

Atkinson ruled that Darren Fletcher’s 76th minute challenge on Ashley Cole was worthy of a foul even though the Scot appeared to win the ball and, from the resulting Frank Lampard set-piece, John Terry headed in the winner.


Ferguson’s side are now five points behind leaders Chelsea and the United manager, who also claimed Didier Drogba fouled Wes Brown at the free-kick, had no doubts that Atkinson was to blame for his team’s third defeat of the season.


“Clearly, Darren Fletcher’s won the ball, Ashley Cole’s never touched and has jumped up in the air, and then (Didier) Drogba’s pulled Brown to the ground for the goal,” Ferguson said.


“The referee’s position to make the decision was absolutely ridiculous, he can’t see anything. He’s got a Chelsea player (Joe Cole) standing right in front of him and he doesn’t even move.


“That goal shoudn’t have been allowed. It was a bad decision, but there’s nothing we can do about it. You lose faith in refereeing sometimes, that’s the way the players are talking in there. It was a bad one.”


Ferguson insisted United had been the better team but he conceded they had only themselves to blame for failing to create clear-cut chances despite dominating possession.


“We dominated the game,” he said. “We were by far the better team.


“We had great opportunities to get to the edge of the box and some really good chances in and around the box, but we should be finishing it off.


“We’ve only ourselves to blame in that respect. But you do need a break – and we never got the break we needed.”


Ferguson admitted losing at Stamford Bridge was far more significant to the title race than their recent 2-0 defeat at arch rivals Liverpool.


“The fact is Chelsea go five points clear of us,” he said.


“The defeat to Liverpool didn’t affect our position in the league, this affects our position in the sense that if we’d have won we’d have gone top.”


While Ferguson fumed, Chelsea boss Carlo Ancelotti was able to celebrate the latest impressive result of his brief reign.


The Italian has already masterminded wins over Liverpool and United since arriving from AC Milan in pre-season and he acknowledged it was a significant victory.


“We beat a very good team, we beat the best opponent (in the league) and we are five points clear, but we know very well that the season is long. We have to maintain this atmosphere and maintain this gap,” Ancelotti said.


Ancelotti felt Ferguson’s decision to pack midfield with five players had turned the match into a war of attrition for long periods.


“It was a strong match but Chelsea did what we had to do,” he said.


“It was a difficult match for both teams, there was no space in midfield and it was difficult to create opportunities.”


There was some debate over the identity of Chelsea’s match-winner as Terry’s header may have taken a slight deflection off Anelka on its way in, but the England defender was keen to claim it.


“I got a touch on it. I think maybe Nico got the second touch but I’m still claiming it!” he said.


“The five-point lead was exactly what we wanted coming into the game, we’ve been working on it all week. That wasn’t the best of games but I think overall we deserved it.”


Anelka added: “I don’t know what happened (for the goal). I think I touched the ball but maybe John will claim it.”


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Terry puts Chelsea on track to reclaim title

In Vietnam Sports on November 9, 2009 at 11:58 am

LONDON, Nov 8, 2009 (AFP) – Chelsea’s chances of reclaiming the Premier League title were given a huge shot in the arm on Sunday as a 1-0 win over Manchester United sent Carlo Ancelotti’s side five points clear at the top.


Chelsea captain John Terry was credited with applying the decisive blow with a header from Frank Lampard’s 76th-minute free-kick, although Nicolas Anelka also celebrated as if he had got the final touch.








Chelsea captain John Terry celebrates his goal during the English Premier League footbal match between Chelsea and Manchester United at Stamford Bridge in London on November 8, 2009 (AFP photo)

Either way, Chelsea were undeniably fortunate to take all three points after a contest that a depleted United side had controlled for long periods.


With a virtually full strength squad to pick from, Ancelotti resolved his one selection issue by opting for Deco rather than Joe Cole at the sharp end of his midfield diamond.


Sir Alex Ferguson, in contrast, had his options limited by the absence of the injured Dimitar Berbatov, although the United manager may well have, in any case, opted to start with Wayne Rooney as a lone striker ahead of a five-man midfield.


With a lingering calf strain restricting Nemanja Vidic to a place on the bench and Rio Ferdinand looking increasingly like a long-term absentee, Wes Brown and Jonny Evans assumed responsibility for keeping tabs on Anelka and Didier Drogba.


It was a task United’s back-up centrebacks managed with some accomplishment in an evenly-balanced opening period that was easy on the eye yet devoid of clear cut scoring chances from either side.


On the one first-half occasion in which Drogba got a sight of goal, the Ivory Coast striker directed his header, from Branislav Ivanovic’s cross, wide of Edwin van der Sar’s left-hand post.


Anelka appeared more of a threat, particularly when dropping deep or wide to give himself the space to run at United’s defenders.


The Frenchman had already tested van der Sar with one, skidding long range effort when, just after half an hour, he cut inside Patrice Evra from the right and curled a left-foot shot towards the far corner.


Van der Sar, diving full length to his right, proved equal to the challenge.


Petr Cech was not tested in similar fashion but United were not without opportunities of their own.


The visitors appeared to have legitimate claims for a penalty with quarter of an hour gone when John Terry muscled Antonio Valencia to the ground as the United winger threatened to go past him in the box.


And Ryan Giggs will have been frustrated not to have made more of the Darren Fletcher through ball which found him unmarked on the edge of the Chelsea box.


United’s captain would have had the time to bring the ball down but opted to try and chip Cech with a first-time volley that comfortably cleared the cross bar.


Deco’s ineffectual involvement in the match ended in the Portugal playmaker making way for Cole with just under half an hour left.


By that stage, United were looking the more likely winners with Rooney increasingly troubling the home side’s back four.


A neat combination with Valencia on the right enabled the England forward to send a low drive inches wide, minute before he unleashed a curling shot that Cech clawed to safety as it dipped towards the top corner.


It was Chelsea however who were to have the final word after the outstanding Darren Fletcher was adjudged, debatably, to have fouled Ashley Cole close to the left touchline.


A United defence that had been scarcely troubled all afternoon made a hash of defending Lampard’s inswinging delivery and Terry was unmarked as he rose to glance the ball past van der Sar.


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