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Archive for April 19th, 2010|Daily archive page

Ha Long hosts World’s Most Beautiful Bays Club conference

In Uncategorized on April 19, 2010 at 9:45 pm

Ha Long hosts World’s Most Beautiful Bays Club conference

QĐND – Monday, April 19, 2010, 21:31 (GMT+7)

Ha Long city in the northern province of Quang Ninh will host the World’s Most Beautiful Bays Club Conference from April 29th to May 2nd.

Established in 1997, the World’s Most Beautiful Bays Club currently has 30 official members, including Ha Long Bay in Quang Ninh, Nha Trang Bay in the southern central province of Khanh Hoa, and Lang Co Bay in the central province of Thua Thien Hue. The club has also planned to admit 4 new members during this year’s conference.

According to Ha Long Bay’s management board, this year’s event, coinciding with the Ha Long Tourism Festival 2010, will be a good opportunity to promote a voting campaign for Ha Long Bay as one of the world’s new seven natural wonders.

Source: HNM

Translated by Vu Hung


Source: QDND

Hanoi to host VN challenge tournament

In Uncategorized on April 19, 2010 at 9:44 pm

Hanoi to host VN challenge tournament

QĐND – Monday, April 19, 2010, 21:31 (GMT+7)

Vietnamese badminton players will be pitted against strong opponents at the Ciputra Hanoi-Vietnam Challenge 2010 at the Trinh Hoai Duc Gymnasium on April 20.

The tournament will draw 260 athletes from 15 teams including Indonesia, China, Japan, Malaysia and Australia, who will be competing in men’s and women’s singles, doubles and mixed doubles for a total of 15,000 USD in cash prizes.

According to the draw, Vietnamese Van Tuan Kiet will clash with 27th world-ranked Shon Wan-ho from the Republic of Korea Korea in the men’s singles opener, while Phung Nguyen Phuong Nhi meets Chen Jiayuan of Singapore in the women’s singles.

“The tournament, which will draw 50 of the world’s top badminton players, is a chance for youngsters to hone their skills and improve their world rankings,” said Vietnam Badminton Federation (VBF)’s general secretary Le Thanh Sang.

Sang also said the top Vietnamese player, Nguyen Tien Minh, who won the men’s singles title last year, will not compete in the event as he is now competing on bigger tours.

In the women’s doubles, Le Thi My Linh and Pham Thi Trang will test Singaporean Chen Jiayuan and Gu Juan in the first round.

At the tournament, the host will show off a squad of youngsters that have trained since 2006 including Duong Phuong Nam , Bui Bang Duc, Nguyen Ngoc Tung and Dao Manh Thang.

The VBF also said the winner from each event will get 4,000 bonus-points from the World Badminton Federation and 1,250 USD in cash prize.

Source: VNA

Source: QDND

Banks meet capital requirements

In Uncategorized on April 19, 2010 at 9:44 pm

Banks meet capital requirements

QĐND – Monday, April 19, 2010, 21:31 (GMT+7)

Three commercial banks – Orient Commercial Bank, Western Bank, and Navibank – have announced plans to comply with higher charter capital requirements by the end of the year in order to list shares on one of the nation’s two stock exchanges.

Under current central bank regulations, all listed banks must maintain charter capital of at least 3 trillion VND (158 million USD).

Orient Commercial Bank shareholders have approved a plan to issue 110 million additional shares this year and increase charter capital from 2 trillion VND (105.3 million USD) to 3.1 trillion VND (163.2 million USD).

With shares currently traded on the over-the-counter market, the bank is also carrying out necessary procedures to list on the HCM City Stock Exchange at the end of the year.

Last year, Orient posted a profit of 272 billion VND (14.3 million USD), an increase of 135 percent over the previous year. Its total assets as of December 31, 2009, reached nearly 12.7 trillion VND (668.4 million USD). Deposits rose by 22 percent to a total of 10 trillion VND (526.3 million USD) while outstanding loans increased 19 per cent over the previous year to VND 10 trillion. The bank’s bad debt ratio was 2.64 percent.

This year, the bank expects to pay a 10-percent dividend on profits of 400 billion VND (21.1 million USD). It projects deposits to increase by 40 percent and outstanding loans by 30 per cent over 2009.

The bank is also in negotiations with its French strategic partner, BNP Paribas, to raise the foreign bank’s holding from 15 percent to 20 percent, upon approval of the State Bank.

Meanwhile, Western Bank received approval from the HCM Stock Exchange this week to list 100 million shares in May under the code WEB. It will carry out a plan to increase charter capital from 1 trillion VND (52.6 million USD) to 3 trillion VND after listing.

Navibank is completing procedures to list on the Ha Noi Stock Exchange by the end of this quarter.

Source: VNA

Source: QDND

Citadel street design wins top prize

In Uncategorized on April 19, 2010 at 9:43 pm

Citadel street design wins top prize

QĐND – Monday, April 19, 2010, 21:30 (GMT+7)

Architect Hoang Thuc Hao has won first prize in a design contest organised by the Vietnam Architects’ Association for his project to renovate 2km of Buoi Street near the Thang Long Citadel.

The jury said Hao’s design would prompt the modern generation to show more interest in Thang Long and its historical and cultural values.

Hao said the theme is to create a new citadel wall from traditional materials, including large brick and laterite and decorate it with ornamental gardens laid out in formal patterns and filled in with annual bedding plants, plus a variety of lighting effects.

“The message conveyed is the citadel was built to defend the peaceful life of the city’s resident,” he said.

If Hao’s design became a reality, it would turn a street arc, whose main use now was for parking and garbage storage, into a beautiful space for community activities, the organising committee said.

The competition called for innovate architectural ideas to conserve and renovate cultural and historical heritage assets. Forty-nine entries were received, including several from abroad.

The organising committee said the designs would be passed on to the Hanoi People’s Committee to assess their practicality and to serve as references.

Source: VNA

Source: QDND

HCM City to expand waterway transport

In Uncategorized on April 19, 2010 at 9:43 pm

HCM City to expand waterway transport

QĐND – Monday, April 19, 2010, 21:31 (GMT+7)

The HCM City Department of Transport has approved a plan by the Thuong Nhat Company to develop waterway boat routes within the city.

Under the plan, the company will develop two passenger routes during the initial phase, and buy boats and build passenger stations.

The first route, which will have a length of 25km, will include An Loc, An Hoa-Binh Loi, Thanh Da-SaiGon River, Te Canal-Ong Lon Channel-Dia Channel, Roi Channel-Phu Xuan River.

The route will be divided into three sections, with each section having six boat terminals to receive passengers.

The second route, from Ben Nghe Canal to Tau Hu Canal, will have a total length of 12 km and six terminals.

Director Nguyen Kim Toan said his company wanted to invest in waterway routes because the city had potential to develop six terminals.

Such routes would be considered a sustainable solution to ease traffic congestion on city roads, Toan said.

However, experts said the current situation of rivers and canals, which are silted-up in several sections, and the low navigation elearance of several bridges across rivers and canals would be obstacles to setting up routes.

Tran The Ky, the department’s deputy director, said to facilitate conditions, the city should invest in building waterway stations and consider offering subsidies for waterway boat investors.

The current waterway routes that transport passengers and cargo to nearby provinces are overloaded.

Every year, the Doi canal and Te canal routes receive 100,000 waterway vehicles, transporting about 13 million tonnes of cargo to the Cuu Long ( Mekong ) Delta provinces.

However, the routes are filled with eight sandbars, which are threatening safe operation of waterway vehicles, according to River Management Station No 10.

Doi canal and Te canal routes have not been dredged for 20 years due to limited budged, said Station No 10, which manages the route.

The waterway route from the city to Cho Gao Canal in Tien Giang province, the only waterway linking the city with the delta region, is also overloaded and degraded.

The Cho Gao canal, which is 80m wide and 28.5km long, is congested with vessels and boats, with an estimated 1,500 of them passing through every day, up nearly 50 percent compared to three years ago, according to the River Management Station No 11, which manages inland waterways in Tien Giang, Vinh Long, Ben Tre and Tra Vinh provinces.

There were 170 traffics jams on the canal last year, up from 113 in 2008.

Nguyen Dinh Thi, deputy director of the River Management Station No 11,s said if the canal is not immediately dredged in the sections with the most silt build-up, traffic congestion will become worse.

The Ministry of Transport has approved a project to deepen and expand the canal to facilitate transport on it. The project will be implemented in 2011-14.

Source: VNA

Source: QDND

Heat wave leads to bumper kumquat harvest in Ben Tre

In Uncategorized on April 19, 2010 at 9:42 pm

Heat wave leads to bumper kumquat harvest in Ben Tre

QĐND – Monday, April 19, 2010, 21:31 (GMT+7)

The prolonged hot weather has helped farmers in the Mekong Delta province of Ben Tre reap a bumper harvest of kumquat fruits for export.

Farmers in the province said the fruit was being exported to many regional countries including Laos, Thailand and Cambodia.

The hot weather has created favourable conditions for large quantities of kumquat in the districts of Mo Cay Bac, Mo Cay Nam , Chau Thanh and Cho Lach.

Traders are buying the fruit from farmers for 6,000 VND – 8,000 VNDper kilo, double last year’s prices. At local markets, kumquats are being sold at 9,000 VND – 10,000 VND per kilo and at 15,000 VND – 17,000 VND per kilo for the best quality, an increase of 3,000 VND – 4,000 VNDper kilo over last year.

Kumquat farmers in the province say they have been able to earn profits of more than 200 million VND (11,000 USD) from each hectare.

Source: VNA

Source: QDND

Nation hits the road for national holidays

In Uncategorized on April 19, 2010 at 9:42 pm

Nation hits the road for national holidays

QĐND – Monday, April 19, 2010, 21:30 (GMT+7)

Nguyen Thi Huyen Trang of HCM City’s district 4 had to stand two hours in the queue this week to buy a bus ticket for April 29 to Bao Loc Town in the Central Highlands province of Lam Dong.

She said she is going to her hometown to visit her parents during the long holiday starting on April 30, the Liberation Day.

With all public and private offices closed for four days, she was afraid bus tickets will not be available and so búy well in advance.

Phuong Trang Transport Company, one of the major operators on this route, has no tickets left for April 30.

It has also run out of seats on the HCM City-Gia Lai province, HCM City-Buon Ma Thuot routes.

Thuong Thanh Hai, deputy head of HCM City ’s Eastern Bus Terminal, said the number of passengers travelling during the holiday is likely to be 100 percent higher than on normal days.

The highest demand is for seats to Khanh Hoa and Dak Lak provinces and Vung Tau, Da Lat and Phan Thiet.

A representative of the Western Bus Terminal said that the number of passengers going to the Mekong Delta is likely to rise by nearly 15 percent over the last year.

Flights and trains are also fully booked though services have been increased for a few days before and after the holidays.

Nguyen Dieu Huong, a Vietnam Airlines ticketing agent, said tickets of all routes were sold out a month ago though the carrier had scheduled extra flights.

Only tickets between Hanoi and HCM City are still be available on April 28 and 29, she said.

Phung Thi Ly Ha, deputy head of the Hanoi Railway Station, said more trains will be operated to Vinh in Nghe An province, Dong Hoi in Quang Binh province, Lao Cai province, and Da Nang but tickets have all been sold out.

The station has been able to meet only 30 percent of the demand, she admitted.

Source: VNA

Source: QDND

Speed limit lowered on HCM City new expressway

In Uncategorized on April 19, 2010 at 9:41 pm

Speed limit lowered on HCM City new expressway

QĐND – Monday, April 19, 2010, 21:31 (GMT+7)

New signs declaring maximum speeds have been planted on the new expressway that runs from HCM City to the Mekong Delta province of Tien Giang as it is undergoing some repairs.

Drivers cannot exceed 80km per hour limit on the entire stretch of the road when going from Delta provinces to HCM City . In the opposite direction, vehicles can travel at the normal maximum speed except on the last 10km of the road, when the allowed speed is 80km a hour.

The expressway was originally designed for a maximum speed of 120km per hour when it opened to traffic just two and a half months ago.

Road construction workers are being deployed at certain points on the expressway where it has sunk due to weak muddy foundations and become uneven, making it rocky for drivers running at high speed.

Drivers travelling on the road have complained about frequent flat tyres which they attribute to bumpy surface causing high pressure.

The expressway spans an area of weak ground composition, according to Do Ngoc Dung, deputy general director of Project Management Unit My Thuan which is in charge of the expressway project.

Dung noted that engineers detected a huge mud compartment which is 28 metres deep at the border between Long An and Tien Giang provinces where the expressway crosses.

He said that the problem is being closely monitored and technical indicators are being collected to come up with a solution and report to the Ministry of Transport.

“Some sections of the road are on the verge of sinking,” he said, “We’re waiting to fix that.”

However, he said that drivers should be responsible for accidents and cannot blame the bumpy road when they usually breach speed limits.

Source: VNA

Source: QDND

Festival to honour Hoang Sa Fleet due in April

In Uncategorized on April 19, 2010 at 9:41 pm

Festival to honour Hoang Sa Fleet due in April

QĐND – Monday, April 19, 2010, 21:33 (GMT+7)

A ceremony to commemorate the soldiers and sailors of the Hoang Sa (Paracel) Flotilla on Ly Son island, the central province of Quang Ngai) will be held from April 28-29 (the 15 th and 16 th days of the third lunar month).

According to Nguyen Dang Vu, Director of Quang Ngai’s provincial Department of Culture, Sports and Tourism, the Paracel Soldier Feast and Commemoration Festival, which is held annually on the second or third lunar month, is a spiritual activity for the people on Ly Son island, as this is when they express their gratitude to their ancestors who sailed across the East Sea hundreds of years ago to defend the country’s Hoang Sa and Truong Sa (Spratly) archipelagos.

The festival is proposed to be the focal point of the first Festival for Vietnam’s Sea and Islands and is scheduled to be held in April 2012, the 180 th anniversary of the founding of Quang Ngai province.

One of the most important rituals in the festival is the launching of imitation boats with effigies representing the Hoang Sa-Truong Sa fleets sailors into the sea.

Artisan Vo Hien Dat, who is called the builder of the boats that carry the souls, said that each boat measures 4m in length, 1.2m wide and nearly 1m tall and their building must be entrusted to elderly and prestigious people from local families and villages.

As well as the festival, the provincial Department of Culture, Sports and Culture also inaugurated a collection of historical and cultural relics from the Hoang Sa-Truong Sa fleet, including the An Vinh Communal House, a statue of the Hoang Sa-Truong Sa fleet, a museum containing the fleets valuable documents on the fleet, the empty tombs of some of the leading sailors and a temple commemorating the fleet.

The department will grant the Ministry of Culture, Sports and Tourism’s certificate of merit to the Dang family, who deserve the credit for preserving and presenting the valuable historical documents concerning the sovereignty of the Hoang Sa and Truong Sa archipelagos.

Source: VNA

Source: QDND

Public diplomacy reaps more success

In Uncategorized on April 19, 2010 at 9:40 pm

Public diplomacy reaps more success

QĐND – Monday, April 19, 2010, 21:34 (GMT+7)

Participants in a conference held by the Central Commission for External Relations in Hanoi on April 19 emphasized the importance of people-to-people diplomacy in relation to State diplomacy and Party external relations.

According to speakers, Vietnam’s public diplomacy has continued to play an active role in expanding cooperation and diversifying forms of activities while deepening the ties with traditional friends, progressive forces worldwide and major regions in 2010.

They also suggested that this year, people-to-people diplomacy should pay more attention to activities within the ASEAN framework and build on the ASEAN presidency that Vietnam currently holds.

Participants said more coordination is needed between domestic agencies and Vietnamese embassies to promote the images of the Vietnamese land and people and refute incorrect arguments by hostile forces as well as prevent other misunderstandings about Vietnam.

In 2010, they said, priority will be given to the Party’s 11th National Congress and the celebrations of major anniversaries.

In 2009, Vietnam sent more than 700 delegations abroad comprising nearly 5,000 people, and received some 600 international delegations of nearly 6,000 people in total through the channel of public diplomacy.

The conference on people-to-people diplomacy in 2010 was attended by Permanent Member of the Party’s Secretariat Truong Tan Sang and Foreign Minister-cum-Deputy Prime Minister Pham Gia Khiem.

Source: VOV

Source: QDND