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Archive for August, 2010|Monthly archive page

Tropical depression to bring rains

In Uncategorized on August 19, 2010 at 11:23 am

Affected by a tropical low pressure zone, which was on the northern part of Truong Sa (Spratly) Islands as of 7am August 19, the waters off the central coastal area between Danang City and Binh Thuan Province will become rough with rains, the national weather bureau said Thursday.

A tropical low pressure zone will bring medium to heavy rains to the central and southern central regions

In the mainland, central and southern central provinces will see medium to heavy rains, some places might experience thunderstorms, said the National Hydro Meteorological Forecasting Center.

The center said residents should keep watch of tornados and strong winds during the thunderstorms.

The tropical depression will slowly move westward at a speed of 5-10 kilometers an hour in the next 24 hours, the center forecasted.

Source: SGGP

Bearish sentiment pervades market

In Uncategorized on August 19, 2010 at 11:23 am

Movements of VN-Index on August 19. (Photo:, which tracks 253 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, tumbled for three consecutive days on August 19.

The benchmark eroded 0.72 percent, or 3.26 points, to finish at 452.23.

On the index, 57 stocks advanced, 139 retreated, while 62 moved flat.

Liquidity on the city bourse dropped to a record low as investors listened out for impact of the State Bank of Vietnam’s decision to adjust dollar exchange rate. Around 31.54 million shares worth VND873 billion changed hands.

With 2.04 million shares changing hands today, Vietnam Export Import Commercial Joint Stock Bank (EIB) won the position of the most active share in volume. It was followed by Saigon Thuong Tin Commercial Bank or Sacombank (STB), which saw 1.18 million shares being traded.

Saigon Securities Inc. (SSI), the country’s largest brokerage, came in third with 723,150 shares changing hands.

Ngo Anh Thu, daughter of Ngo Van Diem – member of the Board of Directors of Saigon Securities Inc. (SSI), bought 2,500 shares between July 19 and 27, and sold 500 shares on August 3 without making announcement.

Sacombank Securities Joint Stock Company (SBS) was the biggest losers on southern market, contracting 4.98 percent to VND26,700. The company announced that it would collaborate with Lao Development Bank to establish a securities company in Laos later this year.

Chuong Duong Beverages Joint Stock Company (SCD) curbed its four-straight-day winning streak, declining 4.91 percent to VND27,100.

Sao Mai Construction Corporation (ASM) fell the third day, shrinking 4.84 percent to VND59,000.

Urban Development and Construction Corporation (UDC), which located in Vung Tau City, jumped 4.85 percent to VND17,300.

Construction and Materials Trading Joint Stock Company (CNT) traded up 4.66 percent to VND29,200.

Tan Dai Hung Plastic Joint Stock Company (TPC) climbed 4.35 percent to VND12,000.

At the smaller bourse in the north, Hanoi’s HNX-Index closed at 132.25 points, dipping 0.37 points, or 0.28 percent. Trading volume fell over the previous session as just 25.2 million shares changed hands at VND664.86 billion. Foreign investors continued to net buy for nearly VND2 billion this morning.

The UPCoM-Index also lost 0.61 points to 48.26 points. A total of 174,800 shares were traded as of 11 am local time.

Source: SGGP

International Pharmaceutical Exhibition opens

In Uncategorized on August 19, 2010 at 11:23 am

The 10th International Medicine and Pharmaceutical Exhibition opened in Ho Chi Minh City on August 18 with 220 companies from 20 countries and territories taking part.

Co-organized by the Ministry of Health (MOH) and the Ministry of Industry and Trade, the event will introduce healthcare and laboratory equipment, medicines, production equipment and hospital medical equipment.

Seminars on the Vietnamese pharmacy sector, regulations on production and trade and fact-finding trips to medical manufacturers and hospitals will also be held.

Nguyen Van Thanh, Deputy Head of the Drug Administration Department under the MOH, said that the exhibition will spotlight the latest achievements in Vietnam’s medical sector and across the world.

It is also an excellent opportunity for experts and healthcare businesses to expand international cooperation and increase access to high technologies as well as public health services.

The event will last until August 21.

Source: SGGP

Model Ha Anh becomes UNICEF Goodwill Ambassador

In Uncategorized on August 19, 2010 at 11:23 am

Supermodel Vu Nguyen Ha Anh has been accredited as the Goodwill Ambassador for the United Nations Children’s Fund (UNICEF) Vietnam from August 2010 to July 2012.

Vu Nguyen Ha Anh at an August 18 ceremony in Hanoi held by UNICEF to announce her as a Goodwill Ambassador of the organization (Photo: Vnexpress)

The supermodel will focus on anti-discrimination related to children living with HIV/AIDS, raising young people’s overall knowledge of HIV/AIDS prevention, mobilizing communities in improving traffic safety and requiring children to wear helmets, encouraging social and cultural changes related to breastfeeding babies and importance of mother’s milk for children and choosing a gender for a baby.

Ha Anh, 28, studied and worked as a model in the UK before returning home and become a famous model.

She represented for Vietnam in the 2006 Miss Earth Pageant and won the first runner-up title in the sub-competition of Miss Talent.

Ha Anh is the second Vietnamese people to hold this honor after former football star Le Huynh Duc and joins the ranks of 270 UNICEF’s goodwill ambassadors including stars and famous people around the world.

Source: SGGP

Farmers receive damages from Vedan

In Uncategorized on August 19, 2010 at 11:22 am

Ho Chi Minh City’s Farmers Association August 18 received the first half of the compensation package, worth VND22.8 billion (US$1.1 million) paid by MSG Company Vedan for polluting the environment, said the association’s chairman Nguyen Van Phung.

Representatives of Vedan Vietnam and Ho Chi Minh City sign the compensation agreement on August 13. (

The association also received VND500 million the Taiwanese company paid for investigation fees and expenses on damage calculations for Can Gio District through a bank in the city.

A bank guarantee was also sent to the association.

The affected farmers will get the second payout by January 14, 2011, according to the guarantee.

Earlier, Vedan agreed to compensate farmers in Can Gio a total of VND45.7 billion (US$2.28 million) for damages caused by its fourteen year pollution of the Thi Vai River.

On the same day, Tran Van Cuong, deputy director of Ba Ria – Vung Tau Province’s Department of Agriculture and Rural Development said  Tan Thanh District People’s Committee received VND26.8 billion ($1.3 million) in the initial phase paid for 1,255 affected farmers and VND500 million for damage calculations.

Vedan proposed the same two-phase payment method.

It has yet to strike any deal with Dong Nai Province which suffered most from the pollution, with damages put at nearly VND120 billion ($6 million).

Source: SGGP

California deploys National Guard to Mexico border

In Uncategorized on August 19, 2010 at 11:22 am

LOS ANGELES, Aug 19, 2010 (AFP) – California is deploying a first group of 224 National Guard troops to its southern border with Mexico to assist Border Patrol agents attempting to stem the flow of drugs and illegal immigrants.

“Today, our National Guard has been called to help secure the border and protect the safety of the American people,” said Governor Arnold Schwarzenegger.

“I am proud that we are the first state to have our troops operational for this mission,” he added at an event in San Diego, a border town some 200 kilometers south of Los Angeles which neigbhours the Mexican city of Tijuana.

Schwarzenegger stressed the deployment was not an alternative to a legislative solution to deal with illegal immigration, an issue President Barack Obama has been unable to tackle amid widespread opposition to immigration reform and amnesty for the millions of people in America illegally.

“We must find a permanent solution to our broken immigration system,” he said.

“We need the federal government to step up with even more manpower and funding, and I will continue to push President Obama and Congress for action.”

Obama last week signed legislation sending drones and an additional 1,500 new agents to the US border with Mexico, which runs across the states of California, Arizona, New Mexico and Texas.

The legislation also provides an additional 600 million dollars to combat drug, arms and people trafficking across the border.

Source: SGGP

More than 200 million eggs recalled in US salmonella scare

In Uncategorized on August 19, 2010 at 11:22 am

WASHINGTON, Aug 18, 2010 (AFP) – A US egg producer has recalled more than 200 million chicken eggs apparently contaminated with salmonella bacteria after hundreds of reported cases of illness, the FDA reported Wednesday.

AFP/File – A US egg producer has recalled more than 200 million chicken eggs apparently contaminated with salmonella

The eggs were produced by Wright County Egg in Galt, Iowa, and sold around the country under 143 different brands, and are packed in boxes of six, 12 and 18 eggs.

The Food and Drug Administration (FDA) said it had been investigating since late June. It found almost four times the usual rate of salmonella-related illness being reported, an FDA statement said.

Salmonella can cause intestinal infections and is transmitted by foods contaminated by animal fecal matter.

Source: SGGP

Thailand’s ‘Red Shirt’ lawmakers in court

In Uncategorized on August 19, 2010 at 11:22 am

BANGKOK, Aug 19, 2010 (AFP) – Two Thai opposition lawmakers appeared in court Thursday on terrorism charges in connection with deadly “Red Shirt” street protests earlier this year.

But the court allowed Jatuporn Prompan and Karun Hosakul — both members of the Puea Thai Party who are free on bail — to delay their plea submission until after the current term of parliament finishes.

Opposition lawmaker Jatuporn Prompan (2L) arrives at the Criminal Court in Bangkok on August 19, 2010. AFP

“The court has allowed me to give my testimony after the parliamentary session,” Jatuporn told reporters. The current legislative term began in early August and will last for about four months.

Seventeen other anti-government protest leaders who do not enjoy parliamentary immunity on Monday pleaded not guilty to terrorism charges and will stand trial.

Two months of protests by the Red Shirts, aimed at forcing immediate elections, triggered a series of clashes between demonstrators and troops that left 91 people dead — mostly civilians — and nearly 1,900 injured.

Most top Red Shirts surrendered to police after the army launched a deadly assault on the movement’s fortified encampment in the heart of Bangkok in May.

After the crackdown, protest leaders asked their thousands of supporters to disperse, but hardcore demonstrators set fire to dozens of buildings, including a shopping mall and the stock exchange.

Source: SGGP

Afghanistan marks independence day

In Uncategorized on August 19, 2010 at 11:22 am

KABUL, Aug 19, 2010 (AFP) – Afghanistan marked independence day Thursday as the Taliban-led insurgency drags on, with foreign troop deaths at record highs and the government under pressure to honour pledges on corruption and security.

August 19 commemorates the signing of the Treaty of Rawalpindi in 1919, which granted Afghanistan full independence from Britain — though the country was never part of the British empire — after three bloody wars.

(AFP FILES) In this photograph taken on August 19, 2006, Afghan soldiers parade during a ceremony marking the anniversary of Afghanistan’s independence Day parade in Kabul.

The day was traditionally marked by a military parade and other public events, but these were scaled down after a Taliban attack in 2008 that was seen as an assassination attempt on President Hamid Karzai.

Karzai on Thursday attended a low-profile event in Kabul, placing a floral wreath at the base of the marble independence memorial near his palace.

The ceremony was attended by Western dignitaries including the commander of foreign forces, US General David Petraeus, who watched Karzai inspect a guard of honour.

The Taliban, who were ousted in a 2001 US-led invasion and are the main militant group behind a growing insurgency, also marked the day, vowing to defeat the NATO force and calling them “invaders”.

“Indeed, the invasion by the British was not the only one, Afghanistan has suffered many attacks and invasions prior to the British invasion and afterwards,” a statement by the Taliban “leadership council” said.

“The Afghan nation has never tolerated the occupation of their country before and will never tolerate it in the future at all.”

Karzai returned to the capital late on Wednesday after attending a rare summit with his Pakistani and Russian counterparts, at which they agreed to pursue joint economic projects to help bring stability to the volatile region.

The summit, which also involved Tajikistan, adopted a joint declaration supporting the intentions by business leaders from Russia, Pakistan and Tajikistan to help Afghanistan rebuild its war-battered infrastructure, including in the energy and transportation sectors.

Russian President Dmitry Medvedev hosted Karzai, Asif Ali Zardari of Pakistan and Tajikistan’s Emomaly Rahmon in the Black Sea resort of Sochi.

Afghanistan’s current war cycle, which has lasted 30 years, began with a Soviet invasion in December 1979 that sparked a decade-long war that spilled into civil war and was followed by the Taliban’s brutal 1996-2001 regime.

Karzai has been increasingly turning to his neighbours — which also include Iran and China — as pressure intensifies from his Western backers to make progress on pledges to improve governance.

Led by the United States, Karzai’s allies are concerned that his government is not honouring commitments on touchstone issues such as corruption and security, potentially threatening their plans to begin troop withdrawals.

The United States and NATO have 141,000 troops in Afghanistan fighting a Taliban-led insurgency that has so far this year claimed 437 foreign soldiers.

On beginning his second five-year term last year — after an election tainted by massive fraud, mostly in his favour — Karzai promised to deal with rampant graft and take on greater responsibility for national security.

US Senator John Kerry, whose presence this week in Afghanistan is coming to signal the depth of Washington’s concern, described corruption as “one of the most significant challenges facing Afghanistan”.

“I think in the next days the government of Afghanistan’s response to anti-corruption efforts are a key test of its ability to regain the confidence of the people and provide the kind of governance that the American people are prepared to support with hard-earned tax dollars and most importantly with the treasure of our country, the lives of young men and women,” Kerry said.

“I believe President Karzai wants to do that but my belief that he wants to do it is not going to be enough. It’s going to have to be done.”

Benchmarks would be set but he declined to go into detail.

Kerry also visited US troops in the south, where the Taliban-led insurgency is concentrated.

NATO said that one of its soldiers was killed Wednesday in the south after at attack with an improvised bomb, the hallmark of the Taliban.

In a separate statement, NATO’s International Security Assistance Force (ISAF) said planes Wednesday pounded insurgent strongholds near Kabul, killing two dozen rebels.

Source: SGGP

More than VND650 billion for maths development

In Uncategorized on August 19, 2010 at 11:21 am

The Prime Minister has approved a VND651 billion maths development program during the 2010-2020 period.

The program focusing on maths research, application and lectures aims to bring Vietnam maths to the world’s 40th place by 2020 from the current 50-55th position.

Vietnam’s Institute of Mathematics in Hanoi

By 2020, Vietnam strives to have enough qualified maths lecturers at universities and colleges, more than 70 percent of whom are PhD degree holders. Maths institutes and a number of major universities’ maths faculties are expected to become regional maths training and research centers by that year.

The program aims to improve the quality of maths training and broaden its scale at general education and higher education as well.

Under the program, the number of internationally announced maths publications is expected to double from the 2010 figure.

To achieve these targets, the program will build the Maths Research Institute (MRI), to assist key maths application schemes, send maths researchers and teachers overseas for further training and organize domestic and international maths conferences.

Maths is among basic sciences that have developed well in the country since 1954, said Prof Le Tuan Hoa from the Vietnam Maths Association, adding that Vietnam won one gold, four silvers and one bronze at the International Mathematics Olympiad (IMO) 2010 in Kazakhstan.

Vietnam has attended the IMOs 34 times since 1974 with 45 golds, 82 silvers and 63 bronzes. The country has been among the top 10 countries of almost 100 countries and territories over the past 10 years.

Source: SGGP