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Archive for December 2nd, 2009|Daily archive page

Investors’ confidence keeps market high

In Vietnam Stock Market on December 2, 2009 at 5:12 am

Vietnam’s VN-Index, the benchmark measure of 186 companies excluding a newly listed one and four mutual funds on the Ho Chi Minh Stock Exchange, advanced for a third day, climbing 2.14 percent December 1.

The index closed at a four-day high of 514.92 as investors showed they were willing to buy. Trading became more active with nearly 43.3 million shares worth VND1.9 trillion (US$103.9 million) changing hands.

On the index, 161 stocks rose, 12 fell and 18 were unchanged.

Dinh Vu Port Investment and Development Joint Stock Co. (DVP) in northern Hai Phong City had 20 million shares traded at VND49,200 on its debut day, higher than its offered price of VND41,000. The listing raised the number of firms on the exchange to 187.

Other big gainers were Thien Nam Trading & Import-Export Corp. (TNA) in HCM City and Techno – Agricultural Supplying Joint Stock Co. (TSC) in the Mekong Delta city of Can Tho, both closing up by the maximum daily limit of 5 percent to VND21,000 and VND33,600 respectively.

The most active stock in volume was still Saigon Commercial Bank or Sacombank (STB) with 5.4 million shares traded at VND26,600, up 4.72 percent from Monday.

It was followed by the country’s largest brokerage, Saigon Securities Inc. (SSI), which had more than 2.12 million shares traded at a 4.49 percent increase over Monday or VND81,500, and Vietnam Securities Investment Fund (VFMVF1 or VF1) having 1.79 million shares traded. The country’s first equity fund added 4.46 percent to VND16,400.

Ho Chi Minh City Securities Corp. (HCM), a stock brokerage, rose 4.76 percent to VND77,000. The company recovered from Monday, saying Dragon Capital Markets Ltd. will start buying 395,000 shares in the brokerage from December 1 to raise its holding to 12.62 million shares, or 31.97 percent, according to a statement on the bourse’s website.

Vietnam-Italy Steel Joint Stock Co. (VIS) gained after falling for seven consecutive sessions, rising 4.55 percent to VND80,500. The steel maker’s net profit dropped to VND61.2 billion in the third quarter, from 103 billion in the second quarter after production fell by 8 percent and sales slowed by 6.2 percent, according to a company statement on the exchange’s website.

Huu Lien Asia Corp. (HLA VN), also recovered from seven losing days in a row, adding 4.79 percent to VND30,600. BIDV Financial Investment Joint Stock Co. on Monday said it will halve its stake in the HCM City-based steel pipe maker.

Hanoi’s HNX-Index rose 6.84 points, or 4.23 percent, to close at 168.69. More than 21 million shares worth VND722 billion changed hands.

The UP-CoM Index dropped 0.91 percent to 57.45. A total of 100,380 shares were traded at VND1.16 billion.

On the global market, major stock indexes including the Dow Jones industrials, the Standard & Poor’s 500 and The Nasdaq composite index closed up Monday extending the US market’s November gain to the monthly biggest since July – 6.5 percent for the Dow and 4.9 percent for Nasdaq.

The market gained as investors shook off worries about the strength of holiday sales and Dubai’s financial problems, AP said.

Source: SGGP Bookmark & Share

Bird flu kills 23-year-old man

In Vietnam Health on December 2, 2009 at 5:12 am

A 23-year-old man from the northern  province of Dien Bien died from bird flu on November 28, two days after being admitted to hospital, a health official said.

Unchecked poultry sold on a street in HCMC’s Binh Chanh District. The threat of bird flu has reappeared in Vietnam, with a man dying in Dien Bien Province November 28 after eating duck-blood pudding. (Photo: SGGP)

His death brings the nationwide death toll to fiver since the beginning of the year, announced the chief of the Preventive Medicine and Environment Department, Nguyen Huy Nga on November 30.

The man experienced symptoms of high fever, cough and breathing problems on November 18.

The victim’s condition did not improve and was taken to the province’s General Hospital with serious lung damage eight days later. Doctors’ effort to save him was futile and he died two days later.

Health workers discovered the man had eaten duck’s blood pudding a week before he was ill.

Test results have confirmed he was infected with the H5N1 strain of the bird flu virus.

As the outbreaks of bird flu might occur in recent days, the Preventive Medicine and Environment Department warned people not to kill and eat sick water-fowl but denounce to the local governments who will bury and disinfect the area.

Residents are advised not to transport and sell poultry without clear origin, ensure personal hygiene and immediately go to nearby medical clinics when suffering high fever, cough and breathing problems to have timely treatment.

Source: SGGP Bookmark & Share

Vitality of disabled shines in Hanoi photo exhibit

In Vietnam Culture on December 2, 2009 at 5:12 am

A new photo exhibition highlighting the strength and courage of disabled individuals is set to run in Hanoi from December 2-8.

Musician Pham Dang Khuong (R) gives flowers to photographer Nguyen A.

Titled “They’ve lived like that,” the exhibit is the creation of renowned local photographer Nguyen A.

The display features 90 photos of disabled people who have made great efforts to overcome obstacles in their life and inspire others.

A spent more than two years traveling from the south to the north, documenting the individuals.

Among his subjects is the late high school student Le Thanh Thuy, founder of “Thuy’s dream,” a volunteer group specializing in the care of young cancer patients. In 2006, Thuy was awarded the HCMC Outstanding Young Citizens award but passed away due to bone cancer in 2007.

Other subjects include blind runner Ho Pham Uyen Phuong, disabled swimmer Nguyen Van Chung, and paralyzed IT specialist Nguyen Cong Hung.

The photographer recently spoke at several local schools and universities about his work and the people in his photos, illustrating his subjects’ vitality while raising awareness about social issues.

A was once best known for being a wedding and portrait photographer, but has now won many local and international awards after crossing over into fine art photography.

Related artcicle:

Photo exhibition honors disabled people

Source: SGGP Bookmark & Share

HCMC set to host country’s biggest food festival

In Vietnam Culture on December 2, 2009 at 5:11 am

“Taste of the World Festival,” the country’s biggest food fest, will be held at the September 23rd Park in Ho Chi Minh City from December 3 to 6.

Vietnamese and foreign chefs will take part in cooking competitions.  (Photo:KK)

At the 4th annual festival, 24 international cuisines from Vietnam, Brazil, Germany, Korea, Italy, the US, Russia, Japan, France and other countries will tickle the palate.

It will begin with a parade through Do Quang Dau, Pham Ngu Lao, and Le Lai on December 3.

Besides food, the festival will also feature performances by local and international rock musicians to promote beverages and folk music performances on December 4 and 5.

Visitors can see various cooking styles and techniques and take part in folk games and contemplate the “wonders of the world” made from vegetables and fruits.

Vietnamese and foreign chefs will take part in pizza making and other competitions.

Five teams of cooks from Ho Chi Minh City and nearby Dong Nai and Binh Duong Provinces will set a national record by making the biggest Xoi chien phong  (bloated fried glutinous rice with green bean and coconut juice).

The 2009 Taste of the World Festival will be organized by the city People’s Committee, Department of Culture, Sports and Tourism, the HCMC Tourism Association, and Youth Advertising Joint Stock Company.

It will provide hotels, restaurants, and food and beverage makers an opportunity to seek business opportunities and tie up with foreign partners.

Unlike the three previous festivals, there will be no tickets and booths will sell products directly to visitors.

The closing ceremony is scheduled to be held on December 6.


Source: SGGP Bookmark & Share

Family at peace after late Party leader remains found

In Vietnam Lifestyle on December 2, 2009 at 5:11 am

Sixty-eight years have elapsed since French colonialists in Ho Chi Minh City’s Hoc Mon District shot the late Party General Secretary Ha Huy Tap to death.

Members of the Ha family search for the remains of late Party General Secretary Ha Huy Tap in Hoc Mon District, HCM City on November 22. (Photo: SGGP)

After many long decades, Mr. Tap’s relatives in the northern central province of Ha Tinh say they are happy to know his remains have now been found.

Reflecting on the difficult path to seek out the revolutionary soldier’s body, family member Ha Van Sy said that relatives began the search in 2001.

People who said that too much time had passed to find the secretary’s remains discouraged them countless times. Moreover, there were few individuals still alive who might have information about where he was buried.

With deep sadness, the family eventually abandoned the idea.

Four years later, however, hope was reignited when a friend of Mr. Sy said he may have a lead on the general secretary’s whereabouts.

Mr. Sy and another family member named Ha Huy Loi left for Chi Minh City to investigate.

They arrived in the city’s Hoc Mon District and began gathering information from local authorities and residents.

It was then they learned of a man named Chin Gioi in Xuan Thoi Thuong Commune whose grandmother had passed on information about the execution of soldiers at that time, Loi said.

After meeting with Mr. Gioi, they were taken to an area in Ben Tam Ngua Commune where Mr. Tap was rumored to be buried.

Upon hearing the news, Ha family members from all over the country came to the commune to help.

With assistance from local authorities, residents and even some claiming to be telepathic, it was determined that Mr. Tap’s tomb was buried under a resident’s house.

With permission from the homeowner, the group made plans to excavate.

On November 22, after burning incense and performing rituals, the Ha family began digging with hoes and shovels. After a full day of hard work, they finally discovered a piece of a leg bone. Dismissing their fatigue, the group continued to dig by hand.

Four hours later, they found more bones and a specially cut piece of bamboo, a likely indication that it was in fact a soldier’s grave.

During wartimes, French colonists were said to have cut off the heads of those they killed and displayed them on pieces of bamboo.

Local residents would often wait until midnight and then secretly collect their bodies and heads, connecting them back together with pieces of bamboo before burying them.

As the Ha family continued on, they found a skull, shoulder blades and shell fragments.

The following afternoon, the group finished digging up all the remains, joyful in the belief they had been reunited with their long lost family member.

Source: SGGP Bookmark & Share

Philippines charges clan heir with 25 murders

In World on December 2, 2009 at 5:09 am

Philippine prosecutors on Tuesday filed 25 counts of murder against a clan leader’s son whom they say led the election-related massacre of 57 people last week, officials said.

Ampatuan Mayor Andal Ampatuan Jr. (C) is escorted by National Bureau of Investigation agents after arriving at the Villamor Airbase in Manila

The charges against Andal Ampatuan Jnr were filed in a court in the southern city of Cotabato, which has jurisdiction over the site of the November 23 massacre, said prosecutor Edilberto Jamora.

Other members of the influential Ampatuan clan, including the family patriarch, provincial governor Andal Ampatuan Snr, were also summoned to submit affidavits in the investigation into the massacre in Maguindanao province.

Ampatuan Jnr had previously faced seven counts of murder for the massacre. Jamora said he was only being charged with 25 murders so far because authorities had only processed 25 death certificates.

Alleged armed followers of the Ampatuans murdered 57 people including the wife and two sisters of his bitter rival, Esmael Mangudadatu. Also among those killed were journalists, lawyers and other civilians.

Prosecutors said Ampatuan Jnr led the killings to prevent Mangudadatu from challenging him in the May 2010 race for governor of the province.

The killing has outraged the nation and embarrassed Philippine President Gloria Arroyo, who has longstanding ties with the Ampatuans.

The Ampatuans control many local positions in the southern province of Maguindanao and have hundreds of armed followers there.

Source: SGGP Bookmark & Share

Storm-hit families now in search of gold

In Vietnam Society on December 2, 2009 at 5:09 am

From small children to the elderly, poverty-stricken residents in Hong Thuy Commune, the Central province of Thua Thien Hue have taken up a new full-time activity – searching a local river for gold.



After several recent storms devastated central provinces, many families were left with nothing. Floods wiped out farmers’ crops leaving them to face extreme hardship and suffering. Most now rely on food aid from the local government.

With no crops left to cultivate, desperate locals began looking for other ways to eke out a living.

A rumor began circulating that someone had found gold in A Luoi District’s Kroong River, and soon everyone began sifting through the muddy waters looking for the precious metal.

Children sift for gold in the Kroong River in Hong Thuy Commune, Thua Thien Hue Central Province. After recent storms devastated central provinces, locals redidents began flocking to the Kroong River looking for gold. (Photo: SGGP)

An eight-year-old boy named Tran Van Quy said he needs to earn money to help his mother and sister, and yesterday found VND25,000 worth of gold in the river. As he spoke to the reporter, he continued to work, patiently scooping sand into a basket, then sifting for gold.

Many children the same age as Quy have also dropped out of school to search for gold, as their desperate families have no food or income.

Mua Thi Sen, eight years old, said her school is located far from her house and the road there was destroyed by flooding. She has had to drop out of school to help her parents sift for gold as the family has run out of rice and has nothing left to eat but corn and manioc.

Many teachers from local schools have come to visit the children and asked them to return, but most only came back for a few days and then stopped coming altogether, said teacher Tran Minh Can from Hong Thuy Secondary school.

According to the chairman of Hong Thuy Commune People’s Committee, Ho Ba Binh, local authorities have asked residents to stop searching for gold and return to farming, but most have refused saying it’s not feasible.

Thirty-two-year-old Mua A Xinh said the food provided by the local government was not enough to feed his family, so he must try to search for gold.

Chairman of A Luoi District People’s Committee Ho Chi Thoi said district authorities are trying to raise money to help residents and encouraging them to start rebuilding their farms.

Source: SGGP Bookmark & Share

Gov’t should abandon aviation Golden Route: transport ministry

In Vietnam Society on December 2, 2009 at 5:08 am

The contentious Hanoi-Ho Chi Minh City air route proposed along the 106th meridian east should be rejected by the government, said the Ministry of Transport.

In an official statement November 30 to Prime Minister Nguyen Tan Dung, Transport Deputy Minister Pham Quy Tieu said the new route would not be feasible.

The plan to fly aircraft in a straight line between Hanoi and HCM City over neighboring Cambodia and Laos, known as the Golden Route, could not be carried out because of national security issues and economic inefficiency, the statement said.

For the project to go ahead, airlines would have to pay fees to the neighboring countries for use of their airspace in addition to other international flight charges.

The cost of flights would therefore increase by up to US$800 excluding passenger service charges, the statement added.

Related articles:
New Hanoi-HCMC air route not practicable: officials
VEA to hold series of debates on “Golden Air Route”
Proposal on new Hanoi-HCM City air route needs more thorough review: CAAV
CAAV turns away from ‘golden air route’
Discussions over new Hanoi-HCM City air route
Air authority accepts new flight route plans

Source: SGGP Bookmark & Share