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Archive for August 5th, 2010|Daily archive page

PetroVietnam finds its first Malaysian offshore oil

In Uncategorized on August 5, 2010 at 3:20 pm

PetroVietnam finds its first Malaysian offshore oil

QĐND – Thursday, August 05, 2010, 20:47 (GMT+7)

PetroVietnam Exploration Production Corporation (PVEP) has reported the first oil extracted at the D30, Block SK305 field offshore Malaysia.

The field churns out an average 4,730 barrels of crude oil and 7.83 million cubic metres of gas a day. The accumulated production until July 31 reached 170,340 barrels with 282 million cubic metres of gas, PVEP said.

The SK305 project has been implemented under a common co-operation agreement on oil and gas exploitation and exploration between Vietnam , Malaysia and Indonesia . Its contract came into effect on June 16, 2003.

PCPP Operating Co is a joint venture between the three state-run companies to operate the project. PVEP, an affiliate of Vietnam ‘s leading PetroVietnam group, holds 30 percent; Petronas Carigali Sdn Bhd, a member of Malaysia ‘s leading Petronas group, has 40 percent; Indonesian Pertamina Co holds the remainder.

This is one of 20 contracts that PVEP has signed to explore and exploit oil and gas abroad. The firm also signed 38 other deals for oil and gas exploitation in Vietnam.

Block 305 is located in Balingian province, offshore from Sarawak , with the average water depth of 150m. The joint venture is exploring about 18 drilling wells. The fields D30 and Dana are the first two selected for early exploration and exploitation, PVEP said.

This is one of two projects bringing products for PVEP from overseas fields; the other one is in Algeria.

Dinh La Thang, chairman of PetroVietnam, affirmed to continue bolstering the strategic collaboration between PetroVietnam and Petronas in their oil and gas exploration activities.

PVEP also expects to extract the first oil from its largest project with a total investment capital of 12 billion USD: the Block Junin 2 in Venezuela in 2012, corporation chairman Tran Duc Chinh said.

“In the context of oil and gas resources in the country becoming exhausted, PVEP has mapped out strategies to boost oil and gas exploitation and exploration abroad in an effort to ensure the country’s energy security and reserves,” he said.

Four million tonnes of crude oil exploited from Junin 2 will be imported to Vietnam to supply the local market.

In its strategies, PVEP plans to bolster oil and gas exploration and exploitation offshore and deep-water oil rigs rather than the currently employed shallow-water structures.

PVEP had total revenue of 18.97 trillion VND (998.4 million USD) in the first six months of this year, up 36 percent on the same period last year.

Source: VNA

Source: QDND

More pupils to have chance to go to school

In Uncategorized on August 5, 2010 at 3:20 pm

More pupils to have chance to go to school

QĐND – Thursday, August 05, 2010, 20:47 (GMT+7)

During its third term, from 2005 to 2010, the Vietnam Study Encouragement Association raised funds of more than VND1 trillion to help nearly 4 million poor pupils with their schooling.

The association granted tens of millions of scholarships to poor pupils who wanted to drop out, and presented thousands of textbooks, notebooks, hundreds of tonnes of food and clothing to pupils affected by accidents or by natural disasters.

Disabled children received wheelchairs and study aids, while pupils in remote areas were presented with thousands of bikes.

The association encouraged local people to construct bridges, repair downgraded schools, and make furniture for pupils. Branches of the association also launched a movement to build facilities for study.

The association also worked with local authorities to carry out meaningful extracurricular activities for pupils.

Source: Dan Tri

Translated by Duy Minh

Source: QDND

Work starts on housing project for the low-income in Ca Mau

In Uncategorized on August 5, 2010 at 3:20 pm

Work starts on housing project for the low-income in Ca Mau

QĐND – Thursday, August 05, 2010, 20:47 (GMT+7)

PANO – The southern province of Ca Mau has recently started the construction of a housing project for low-income people in the area.

The VND30 billion project, located on an area of 3,480 sq.m., consists of two six-storey blocks. The ground-floor has management, trade and services offices, a parking place and a community area, while the remainder includes 112 apartment of 36-42 sq.m. each.

The construction of the project is expected to be completed by late 2011.

Translated by Vu Hung

Source: QDND

Craft week held to mark Hanoi’s birthday

In Uncategorized on August 5, 2010 at 3:19 pm

Craft week held to mark Hanoi’s birthday

QĐND – Thursday, August 05, 2010, 20:47 (GMT+7)

The Hanoi Craft Week 2010 opened at a ceremony on August 4 as part of activities to celebrate the 1,000 th anniversary of Thang Long-Hanoi.

Secretary of the Hanoi Party Committee Pham Quang Nghi, Deputy Prime Minister Hoang Trung Hai and vice chairman of the Hanoi ’s People Committee Nguyen Huy Tuong attended the event.

The event, held by the municipal Department of Industry and Trade, aims to provide an opportunity for craft villages to promote their products, seek out markets and attract investment as well as supports from organisations and businesses in and outside the country.

Source: VNA

Source: QDND

New TV show features Khmer community

In Uncategorized on August 5, 2010 at 3:19 pm

New TV show features Khmer community

QĐND – Thursday, August 05, 2010, 20:47 (GMT+7)

A TV series on the culture and lifestyle of the ethnic Khmer people living in Vietnam’s southwest region will be filmed this week.

The 30-part work, titled Hay Cung Em Dieu Sarikakeo (Join Me in the Sarikakeo Dance), is being made by Vang Mien Nam (Southern Gold) Film Studio, a private film and entertainment company in HCM City.

Based on a screenplay by Nguyen Thi Hong Xuan, it is about the life and love of Sophia, a Khmer woman who lives in a small village in Soc Trang province in the early 1980s.

The film recounts Sophia’s time as a Sarikakeo dancer in her native village before she moved to An Giang province and learned weaving.

Sarikakeo is a traditional dance of the Khmer.

Truong Son Hai, the film’s director, said he and his producer chose Xuan’s screenplay because few films had focused on this topic.

“We wanted to spotlight the Khmer people and their culture, lifestyle and dance,” he said.

Hai said his crew would begin filming in the Cuu Long (Mekong) River Delta province of Soc Trang and then in Tra Vinh and Ca Mau. Skilled dancers from local traditional art troupes like Anh Binh Minh will be in the film.

There are nearly 1.3 million Khmer people in the delta, mostly in Soc Trang and Tra Vinh.

The Khmer celebrate their New Year’s festival, the Chol Chnam Thmay, which is similar to Vietnamese Tet Lunar New Year, following the Khmer traditional calendar.

During the festival, dozens of professional artists from local art troupes travel around the three provinces of Tra Vinh, Soc Trang and Ca Mau to perform special programmes featuring the culture and lifestyle of the Khmer.

Local people and visitors can participate in many cultural activities, such as music and singing programmes, traditional games and sports competitions launched by local authorities.

Source: VNA

Source: QDND

Vietnam attends Asia-Pacific ministerial meeting on MDGs

In Uncategorized on August 5, 2010 at 3:19 pm

Vietnam attends Asia-Pacific ministerial meeting on MDGs

QĐND – Thursday, August 05, 2010, 20:48 (GMT+7)

Vietnam has voiced the need to have regional and international peace and security for each country with self-mastery in formulating its own development plan and promoting international cooperation effectively to step up the implementation of Millennium Development Goals (MDGs).

The statement was made by Deputy Foreign Minister Pham Binh Minh at a special Asia-Pacific ministerial meeting on MDGs held in Jakarta , Indonesia , on August 3-4.

The meeting brought together 50 delegations from countries and territories inside and outside Asia-Pacific, including UN leaders and representatives of international organisations, to review the achievement of MDGs, sum up successful lessons, renew pledges and work out measures to boost MDGs productivity.

Mr Minh reported Vietnam’s achievements in implementing MDGs, attributing these to the government’s integration of MDGs in the national development strategy, its mobilization of the people, as well as taking advantage of international cooperation in other fields.

The participants adopted the Jakarta Declaration, in which they highlighted good experiences for boosting the implementation of MDGs in the region and the world, including a lesson on enhancing the cooperation model between the UN, the host country and donors as shown to be effective in Vietnam within the framework of one UN initiative.

They agreed that the Asia-Pacific region has recorded many MDG achievements, including reducing the number of poor by nearly 50 percent from 1990, enabling 90 percent of children of school age to attend school, promoting gender equality, and mitigating the spread of HIV/AIDS and other contagious diseases.

However, the region is still facing other challenges due to uneven MDG achievements between countries and even within countries. About 900 million people are still living under the poverty line, more than 60 percent of the regional population do not have access to clean water, and the environment is degrading.

They estimated that the entire Asia-Pacific region will need around US$1,000 billion for achieving all MDGs from now to 2015.

Source: VOVNews/VNA

Source: QDND

Stocks slump under selling pressure

In Uncategorized on August 5, 2010 at 11:21 am

Movements of VN-Index on August 5. (Photo: shares of 251 companies listed on the Ho Chi Minh Stock Exchange dropped for a second consecutive day on August 5, amid unimproved demand and the dumping of shares by investors eager to cut losses.

Vietnam’s benchmark VN-Index slipped 0.1 percent, or 0.5 points, to close at 486.21.

Of the index, 67 stocks advanced, 127 fell, while 61 remained unchanged.

Although several stocks retreated to a price level considered reasonable for disbursement, investors neglected to act.

Trading volume was thin, with around 37.4 million shares changing hands, valued at VND1.16 trillion.

Vinh Son – Song Hinh Hydropower Joint Stock Company (VSH) won the spot of most active stock by volume with 1.34 million shares changing hands.

Pha Lai Thermal Power Joint Stock Company came in next, with 1.21 million shares, followed by Vinafco Joint Stock Corporation (VFC) with more than 965,000 shares.

Sao Mai Construction Corporation (ASM) and Chuong Duong Beverages Joint Stock Company (SCD) sank the daily maximum allowed limit of 5 percent to VND76,000, and VND28,500 respectively.

Sao Mai Construction Corporation (ASM) announced that its net revenue reached VND241.9 billion in the second quarter, up 28.41 percent year-on-year, while prime costs reduced by 29 percent, sending its gross profit to VND114.5 billion.

Pre-tax and post-tax profits were at VND104.54 billion and VND80.92 billion respectively.

From July 12 to 23, Le Ngoc Xuyen, sister of Le Thanh Tuan – chairman of Sao Mai Construction Corporation (ASM) sold all 22,200 of her shares for personal needs.

TMT Automobile Joint Stock Company (TMT) dropped 4.88 percent to VND27,300. The company registered to buy 500,000 treasury shares between August 6 and October 30.

Information and Networking Technology Joint Stock Company (CMT) and DESCON Construction Corporation (DCC) declined 4.86 percent to VND33,300 and VND23,500 respectively.

Viet Nhat Seafood Corporation (VNH) led the big gainers on the city bourse, adding up 4.95 percent to VND19,100.

Thien Long Group Corporation (TLG) increased 4.94 percent to VND34,000.

Ha Tien Transport Joint Stock Company (HTV) surged 4.92 percent to VND34,100.

Hanoi’s HNX-Index fell 0.41 points, or 0.28 percent, to 147.45. Trading volume dropped by 10 percent over the previous day to 27.8 million shares, worth VND754 billion.

The UPCoM-Index moved contrastingly, gaining 0.58 points to 51.12, as of 11 am local time. Around VND9.1 billion was spent on 470,000 shares.

Source: SGGP

Website on Hanoi launches Japanese version

In Uncategorized on August 5, 2010 at 11:20 am

The Thang Long-Hanoi website of the Vietnam News Agency (VNA) officially launched its Japanese language version on August 3.

Press conference on launching Thang Long – Hanoi website.The website now has information in five languages – Vietnamese, English, French, Spanish and Japanese, just four months after inauguration.

The version, available at will provide details of activities to mark the 1,000 th anniversary of Thang Long-Hanoi as well as information about Hanoi .

It will also include useful information on Vietnam for Japanese readers.

As Japanese people love Hanoi and want to learn more about the capital city of Vietnam , a website in the Japanese language is the most effective way to bring them to Hanoi , Japanese Ambassador Sakaba Mitsuo said at the function.

He also spoke highly of the efforts of VNA and VietnamPlus, VNA’s e-newspaper, in building the website.

Chairman of the Hanoi People’s Committee Nguyen The Thao said he believed the multilingual website would make a difference, helping to enrich forms of information access on Thang Long-Hanoi and attract more readers to the site.

According to VNA Vice General Director Ha Minh Hue, despite difficulties with a Japanese language editor shortage, the agency has worked hard to launch the site, considering it an initial step for future media products in the Japanese language.

VNA’s Vietnam Pictorial website currently runs a Japanese version.

Source: SGGP

Capital hurriedly prepares for its millennium anniversary

In Uncategorized on August 5, 2010 at 11:20 am

Hanoi is hurriedly readying itself for the Great Celebration of the 1,000th anniversary of the founding of Thang Long – Hanoi to take place over the next two months.

       Part of the “Ceramic Road Along the Red River”

Thang Long – Hanoi has been the cradle of Vietnamese culture for thousands for years and has been the pride of not only Vietnam, it has also attracted foreign scientists and people from around the world.

According to Dr. Luu Tran Tieu, President of the Vietnam Cultural Heritage Association, researchers have discovered many sites within Hanoi, which date back to the cultures of Phung Nguyen (2nd millennium BC), Đong Đau, and Go Mun (1st half of the 1st millennium BC) and Dong Son and Thanh Den.

The Co Loa Citadel, which was the capital during the 3rd century BC and under the reign of Ngo Quyen (938-944), was a breakthrough showing the ancient Vietnamese people’s strategic thinking in their march to the lowlands.

The most important discovery was that of Thang Long Imperial Citadel, which was recognized just last week as an UNESCO’s world cultural heritage site, opened the door to scientists, revealing many aspects of social, cultural, and economic life during the era in which the Imperial Citadel  operated.

The royal citadel’s area covers 19 hectares at 18 Hoang Dieu Street; this ancient citadel belonged to the Ly, Tran, early Le and Mac dynaties. It is believed to have once covered over 40 hectares.

According to directions from the Ministry of Politics and Prime Minister, the Hanoi People’s Committee began setting up the Steering Board of the 1000th Thang Long – Hanoi Ceremony in 1997, to implement more than 60 works to be included in the grand national event.

Among them, 8 constructions, including Hanoi Library, Kim Lien-O Cho Dua Road, Kim Lien T-Junction, Lac Long Quan Road and others became operational in 2009.

24 works are scheduled to line the “Ceramic Road Along the Red River” including statues of Uncle Ho and President Ton Duc Thang, the upgraded Vinh Tuy Bridge and four temples: Bach Ma, Voi Phuc, Kim Lien and Quan Thanh and many more will be completed before the great day, October 10.

Source: SGGP

A thousand years of Vietnamese culture to shine in Grand Celebration

In Uncategorized on August 5, 2010 at 11:20 am

An art party in honor of the 1,000th anniversary of Hanoi will be not only for artists, but will also attract all sorts of people from districts throughout the capital.

One of the must-see places when you visit Hanoi is the Temple of Literature called Van Mieu – Quoc Tu Giam. It is a farmous historical and cultural site in the capital.

The Department of Culture, Sport and Tourism of Hanoi and the Vietnam Dancer’s Association have organized more than 30 dances over the past three years. They hope that these dances of simple movements will attract all of people to participate in street festivals during the event.

According to Dr. Luu Tran Tieu, President of the Vietnam Cultural Heritage Association, Giong Saint Festival has been submitted to UNESCO for recognition as a world cultural heritage site; Thang Long Imperial Citadel received the honor last week. 

Director of the city’s Department of Culture, Sport and Tourism, Pham Quang Long, said that the department is preparing art programs for the 10-day Great Celebration.

A live television show titled, Dem huyen ao Ho Guom (The fanciful night of Sword Lake), organized in Hanoi and nine other cities and provinces throughout the country, as well 16 foreign cities where many Vietnamese reside, will be broadcast on Vietnam TV on the evening of October 10.

At 6 AM on October 10, all bells and drums in pagodas, churches and schools will sound the beginning of the great day. There will be a solemn ceremony, a national parade and a cultural festival at My Dinh National Stadium that day.

The Grand Celebration of the 1,000th anniversary of Thang Long – Hanoi will set a record for the greatest number of artists to join any single event in Vietnamese history.

To date, 30 foreign art troupes from Italy, France, the US, Spain, Hungary, Germany, Denmark, Singapore, the UK, Korea, China, Rumania, Russia and more have registered to take part in various activities such as fine arts performances, food fairs, exhibitions, trade promotion activities and others.

Apart from local people, many foreign individuals and organizations have provided material and spiritual support for the Grand Celebration.

Related article:

Capital hurriedly prepares for its millennium anniversary

Source: SGGP