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Archive for March 25th, 2010|Daily archive page

Elevator to be installed in Ngu Hanh Son

In Uncategorized on March 25, 2010 at 3:38 pm

Elevator to be installed in Ngu Hanh Son

QĐND – Thursday, March 25, 2010, 21:16 (GMT+7)

Da Nang City has approved the installation of an elevator, at the cost of nearly VND 10 billion, at Thuy Son Mount which belongs to the Ngu Hanh Son mountain system.

Under design, the cage for installing the elevator is 43 meters high and will be built of concrete

Each year, nearly 100,000 tourists visit Ngu Hanh Son complex and Thuy Son is one of the most challenging rocks to climb. Thuy Son is a steep mountain and tourists have to climb more than 108 stairs to get to the top. 

Source: Tien Phong

Translated by Hoang Anh


Source: QDND

Sacombank named Vietnam’s best retail bank in 2009

In Uncategorized on March 25, 2010 at 3:37 pm

Sacombank named Vietnam’s best retail bank in 2009

QĐND – Thursday, March 25, 2010, 21:12 (GMT+7)

The Asian Banker Journal has selected Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) as Vietnam’s best retail bank in 2009.

Last year, Sacombank expanded its network of over 320 transaction points in 45 cities and provinces of Vietnam as well as in China, Laos and Cambodia.

In 2010, Sacombank targets 45 percent growth rate over the past year and VND2.4 trillion in pre-tax profit.

Source: VOV

Source: QDND

US$ 1 billion city complex scheduled for Hanoi

In Uncategorized on March 25, 2010 at 3:36 pm

US$ 1 billion city complex scheduled for Hanoi

QĐND – Thursday, March 25, 2010, 21:16 (GMT+7)

Vietnam International Urban Development Joint Stock Company (VIDC) started the construction of the city complex, ParkCity Hanoi, in Ha Dong district, Hanoi, at a cost of US$ 1 billion, on March 23rd.

ParkCity Hanoi is located on an area of 77.45ha and divided into 15 sub-regions and each region has its own architecture style and its own views. 

According to Habibullah Khong Sow Kee, VIDC’s CEO, the idea for ParkCity Hanoi emerged from the desire to set up a city complex to provide not only accommodation but also diverse entertainment activities for citizens of a different age.

Besides the 11.46ha area for central park and lake, the city includes a public school and an international school, community club, sport centre and other entertainment centres.

Under the plan, the first and second phase of the project will be completed by 2014 with 1,233 villas and high-class apartments. The whole city will be completed within 10 years and capable of providing 7,000 houses and apartments.  

Source: Tien Phong

Translated by Hoang Anh

Source: QDND

USD120 billion to remove obstacles on payment balance and short-term liquidity difficulties

In Uncategorized on March 25, 2010 at 3:35 pm

USD120 billion to remove obstacles on payment balance and short-term liquidity difficulties

QĐND – Thursday, March 25, 2010, 21:16 (GMT+7)

The State Bank of Vietnam (SBV) on March 24th reported that Finance Ministers and Central Bank Governors of the ASEAN Member States, China, Japan and Korea (ASEAN+3) and the Monetary Authority of Hong Kong, China announced the Chiang Mai Initiative Multilateralization (CMIM) Agreement came into effect on March 24th, 2010.

The CMIM, worth USD120 billion, will remove obstacles on payment balance and short-term liquidity difficulties in the region and supplement the existing international financial arrangements. Specifically, the CMIC will provide financial assistance through currency swap transactions among CMIM participants.

Each CMIM participant, in accordance with the procedures and conditions set out in the Agreement, is to swap its local currency with US Dollars for an amount up to its contribution multiplied by its purchasing multiplier.

The CMIM is a multilateral currency swap contract among ASEAN+3 members and is developed from the current CMI bilateral swap network. It aims to offer favorable conditions to carry out prompt and simultaneous currency swap transactions through setting up a common decision making mechanism under the framework of a single contract.

Source: CPV

Source: QDND

Canada grants US$17 million for safe pork in HCM City

In Uncategorized on March 25, 2010 at 3:34 pm

Canada grants US$17 million for safe pork in HCM City

QĐND – Thursday, March 25, 2010, 21:12 (GMT+7)

The agricultural quality control arm of the Canadian International Development Agency (CIDA) has agreed to help Ho Chi Minh City devise and monitor hygiene standards for pork.

The Food and Agriculture Products Quality Development and Control Project (FAPQDC) and the municipal Department of Agriculture and Rural Development signed an agreement on March 23 for the purpose.

Nguyen Phuoc Trung, the department’s deputy director, said the project would cost around US$17 million to be provided by CIDA.

The project will go on until December 2013.

Source: VOV

Source: QDND

Exhibition sheds light on domestic violence

In Uncategorized on March 25, 2010 at 3:31 pm

Exhibition sheds light on domestic violence

QĐND – Thursday, March 25, 2010, 21:12 (GMT+7)

A three-day exhibition opened in Hanoi on March 24 to feature the photos, masks and stories of 24 women who have experienced domestic violence.

The 49 photos taken by Jamie Maxtone-Graham portray the women who are all members of clubs set up by the Centre for Studies and Applied Sciences in Gender, Family, Women and Adolescents (CSAGA).

Over three days in January, a group of 24 women from the clubs told stories, sang songs, played theatre games and made masks assigned by a group of young artists.

When the masks were complete, photographer Jamie Maxtone Graham then took portrait photos including the masks so that the women made up one chain of experience, solidarity and togetherness.

“Like their stories, these women are all unique but they have this thing they share and are united in it – both in their experience of domestic violence and in their admission of it. That admission, that is the really difficult work,” said the photographer.

Source: VOVNews/VNA

Source: QDND

Musical program to praise comradeship

In Uncategorized on March 25, 2010 at 3:28 pm

Musical program to praise comradeship

QĐND – Thursday, March 25, 2010, 21:16 (GMT+7)

Ho Chi Minh City Young Volunteers Force and the city’s Municipal Television will organise a musical programme in praise of comradeship at the Force’s headquarters in district 5.

The event is to raise money to build a Memorial Site for Young Volunteer Martyrs of Ho Chi Minh City, who sacrificed their lives for national independence.

Sweet voices of eminent artist Ta Minh Tam, singers Thanh Thuy, My Hanh and Khanh Ngoc together with the HCMC Young Volunteers Force will perform at this meaningful event.

Source: NLD

Translated by Mai Huong

Source: QDND

Over 134,800 houses built for the poor

In Uncategorized on March 25, 2010 at 3:23 pm

Over 134,800 houses built for the poor

QĐND – Thursday, March 25, 2010, 21:16 (GMT+7)

The Ministry of Construction has said that during the implementation of Decision 167/2008/QD-TTg on supporting poor families for housing, as of February, localities had built 134,808 houses for the poor.

According to statistics, the houses built accounted for 27% of the total houses that need to be built for poor families under the program.

Among the houses built, 54,294 houses have been completed for poor families in 62 poor districts of the country, accounting for 70% of the plan.

In 2010, 190,000 poor families are expected to receive housing support.

Source: CPV

Source: QDND

Activities commemorate 79th anniversary of Ho Chi Minh Communist Youth Unions

In Uncategorized on March 25, 2010 at 3:20 pm

Activities commemorate 79th anniversary of Ho Chi Minh Communist Youth Unions

QĐND – Thursday, March 25, 2010, 21:16 (GMT+7)

The Ho Chi Minh Communist Youth Union (HCYU) Central Committee met on March 25 to mark its 79th anniversary (March 26) and honour 10 outstanding youth union secretaries.

Vo Van Thuong, first secretary of the HCYU, reviewed the glorious history of the youth during the two resistance wars and pledged that young people today will do their utmost to serve the Vietnamese people, the Party and the nation.

On behalf of the Party and State, Ha Thi Khiet, secretary of the Party Central Committee (PCC) and head of the PCC’s Commission for Mass Mobilisation applauded the youths’ achievements, saying they should play a key role in the process of industrialization, modernization and international integration. She urged youth union committees at grass-roots level to actively engage in emulation programmes, aimed at increasing production reducing poverty, protecting the environment and solving other social issues.

*** On the occasion, President of the Vietnam Fatherland Front (VFF) Huynh Dam sent a message of congratulation to the HCYU Central Committee, youth union members and other young people all across the country.

Source: VOV

Source: QDND

US softens Iran sanctions plan to win support: report

In Uncategorized on March 25, 2010 at 11:24 am

The United States has stepped back from a series of harsh measures against Iran and softened proposed UN sanctions to win the backing of China and Russia, the Wall Street Journal reported Thursday.

Iranian President Mahmoud Ahmadinejad (L) and Brazilian President Luiz Inacio Lula da Silva are pictured in Brasilia in 2009.

The newspaper said proposals that would have effectively closed international airspace and waters to Iranian state-owned air cargo and shipping lines had been scrapped.

The proposed package of sanctions had also been stripped of plans targeting insurance for certain Iranian companies and the sale of Iranian bonds.

The United States is working to develop consensus among the five veto-wielding permanent members of the United Nations Security Council on sanctions punishing Tehran for its nuclear program.

But while the United States, Britain and France agree on the need for tough new measures, Russia and particularly China have been more reluctant to sign off on new sanctions.

The Journal said the revised sanctions would more narrowly target “major power centers in Iran, in particular the Islamic Revolutionary Guard Corps,” and would firm up existing pressure on Tehran.

The scrapped proposals included tough new measures that would increase Iran’s isolation to unprecedented levels.

The US proposals reportedly sought to ban Iran Air and Islamic Republic of Iran Shipping Lines cargo craft from entering international airspace and to prevent the purchase or sale of any Iranian bonds linked to the Tehran government.

It would also have prevented “the provision of insurance services to Iranian companies for international transport-related contracts,” the Journal said.

Instead, the proposed resolution now seeks to enforce existing sanctions on cargo shipments, urges country to take additional steps to bar insurance provision and call for “vigilance” in transactions involving Iran.

The United States had hoped to get a new round of UN sanctions passed early this year, possibly around April, the newspaper said, but difficulty securing support could push the effort back into the summer.

While Washington suspects that Iran is trying to develop atomic weapons, the government in Tehran insists its nuclear program is merely designed to meet its domestic energy needs.


Source: SGGP