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Archive for October 22nd, 2010|Daily archive page

Hospitals in Hanoi to be relocated

In Uncategorized on October 22, 2010 at 8:00 pm




Hospitals in Hanoi to be relocated


QĐND – Friday, October 22, 2010, 22:35 (GMT+7)

Hanoi will relocate a number of hospitals in the city to suburban areas, according to the Hanoi Architecture and Planning Department.


Under the new project, the city will spare some 600 ha in 5 suburban areas to build health care complexes and move out large hospitals, especially hospitals with infectious diseases and those near populous areas.


According to experts, many hospitals in Hanoi, including local and central ones, either are degrading or do not meet an increasing need for healthcare services of the people. As a result, most of hospitals are often overburdened and lack medical equipment and devices to serve patients.


The project to relocate hospitals in Hanoi is aimed to form modern healthcare systems and provide people with a better access to medical and healthcare services, said officials.


Source: DDDN

Translated by Thu Nguyen  

Source: QDND

Sunflowers made for patients with cancer

In Uncategorized on October 22, 2010 at 8:00 pm




Sunflowers made for patients with cancer


QĐND – Friday, October 22, 2010, 22:35 (GMT+7)

Festive days to make thousands of sunflowers to raise funds for patients with cancer will be hosted by Ho Chi Minh City and Hanoi in late October and early November.


Specifically, the festive day will take place at Ho Chi Minh City Children’s House and Ho Chi Minh Cemetery on October 31st while a similar day will be held at Hanoi Children’s Palace on November 7th.


During the festive days, there will be activities to share compassion with the patients, such as creating around 15,000 sunflowers in Ho Chi Minh City and 10,000 sunflowers in Hanoi in order to make a field of sunflowers “For patients with cancer” in the capital of Hanoi.


An exhibition showcasing moving stories related to Le Thanh Thuy, a young dweller in Ho Chi Minh City will be also opened on these days.


All proceeds, collected from selling sunflowers at a price of VND 10,000 each and auctioning paintings by patients with cancer, will be presented to the fund to assist patients with cancer.


The event is held for the third time by the Youth Newspaper, Ho Chi Minh and Hanoi Youth Unions, Ho Chi Minh City Children’s House, Hanoi Children’s Palace, and a voluntary group, “Light up Dreams”.


Source: TT


Translated by Mai Huong


Source: QDND

Relief aid accelerates as flood deaths hit 66

In Uncategorized on October 22, 2010 at 7:59 pm




Relief aid accelerates as flood deaths hit 66


QĐND – Friday, October 22, 2010, 23:13 (GMT+7)

The dead toll from the severe floods caused by heavy rain in the central region reached 66 on October 21, according to the Central Steering Committee for Flood and Storm Prevention and Control.


Ha Tinh province recorded the highest number of deaths of 32, Nghe An, 20, Quang Binh, nine, and Thanh Hoa, five.


Forty-four others have been injured and only eight were still missing, said the committee.


In the afternoon of October 21, rescuers recovered the bodies of 14 passengers drowned when their bus was swept away in flood waters in Ha Tinh province’s Nghi Xuan district.


The search was continuing for other passengers on the bus who may have floated away.


The Bao Viet insurance company in Ha Tinh, Nghe An and Dak Lak provinces initially paid VND25 million in insurance payouts for each victim in the accident.


At present, 120 communes and 38,029 households in Nghe An province are inundated, with 35 communes marooned.


As many as 183 communes and 175,110 households in Ha Tinh province and 16 communes and 53,520 households in Quang Binh province are still submerged.


On October 20, roads via Ha Tinh province were reopened to traffic while some portions of railway routes through Ha Tinh and Quang Binh provinces remained deeply inundated.


The same day, Prime Minister Nguyen Tan Dung and officials from the ministries of defence, public security, and agriculture and rural development made a fact-finding tour in Ha Tinh province.


The PM held a working session with authorities of the flood-hit localities to ensure necessary works were promptly carried out to overcome flood consequences and stabilize production and the local people’s life.


As many as 5,100kg of PUR, 6,000 kg of Cloramin B, 300,000 tablets of Aquatab, and 3,000 single use toilet bags were delivered to the flood-hit provinces to help process flooded water for daily use.


Transport workers have been deployed to clear land erosion sites on roads in these localities. They have also been posted at dangerous sites to guide traffic.


The Consular Department of the Foreign Ministry sent a telegraph to the Vietnamese Embassy in Brunei asking it to contact relevant agencies there to verify and process procedures for 16 fishermen aboard Boat QNg 96455-TS of Quang Ngai province, who were rescued by a Brunei rescue ship on October 19, to return home soon.


Source: VNA


Source: QDND

Intel helps Vietnam to develop IT sector

In Uncategorized on October 22, 2010 at 3:56 pm




Intel helps Vietnam to develop IT sector


QĐND – Friday, October 22, 2010, 22:35 (GMT+7)

Intel will help Vietnam to develop its information technology industry and train up the country’s human resources to increase internet use and people’s computer literacy.


A memorandum of understanding on the “Computers for Life” programme was signed by Deputy Minister of Information and Communications Nguyen Minh Hong and Intel Vietnam’s Director of Enterprise Solutions and the World Ahead Programme Chak Wong, in Hanoi on October 21.   


Under the deal, both will jointly implement programmes on policy consultation, strategies, assist development in the IT sector and domestic businesses manufacturing high-quality low-priced computers and providing useful digital services to people in Vietnam’s remote and mountainous areas.    


On addressing the signing ceremony, Chak Wong highlighted the Vietnamese Government’s attention to developing the IT sector to make Vietnam strong in IT and communications.


Promoting   Vietnam’s IT sector is of particular interest to Intel, said Chak Wong, noting that the MoU confirmed Intel’s pledge to expand its assistance to the Vietnamese market.


Deputy Minister Hong emphasised the significance of the MoU in promoting the nation’s IT industry. He said that he hoped Intel will actively help   Vietnam   in training hi-tech human resources in the future.    


Within the framework of the World IT Forum in   Vietnam   in 2009, the Ministry of Information and Communications launched the “Computers for Life” programme to donate computers to rural, remote and mountainous areas. Over the past year, more than 2,000 computers with Internet access and 300 printers, together with other equipment were presented to schools, disabled peoples centres and local people. 


The Ministry, along with Intel, will expand the programme to raise people’s knowledge through training activities to gradually bridge the digital gap.


Source: VNA


Source: QDND

1,000 largest corporate income tax payers in Vietnam announced

In Uncategorized on October 22, 2010 at 3:55 pm




1,000 largest corporate income tax payers in Vietnam announced


QĐND – Friday, October 22, 2010, 22:35 (GMT+7)

A press conference to announce Vietnam’s 1,000 largest corporate income tax payers was held in Hanoi on October 22 by Tax Magazine and VietnamNet online newspaper.


The top 1,000 enterprises in 10 sectors contributed over VND84.000 billion to the national budget from 2007 – 2009. 77 percent of the total came from Hanoi and HCM City.


The banking sector accounted for 22 percent, the telecommunications sector for 14 percent, the mining sector 11 percent, and the rest came from real estate, food, construction materials, security, and so on.


Agriculture, forestry, and fisheries contributed only about 3 percent.


Source: VOV


Source: QDND

Trade and industrial fair to occur in Vinh Phuc

In Uncategorized on October 22, 2010 at 3:55 pm




Trade and industrial fair to occur in Vinh Phuc


QĐND – Friday, October 22, 2010, 22:35 (GMT+7)

A press conference to introduce a trade and industrial fair was held on October 21st by the Trade Promotion Department, the Trade and Industry Ministry in collaboration with Vinh Phuc Province.


According to the organising board, the fair, which is part of the 2010 national trade promotion programme is aimed to mainly draw the participation of businesses and firms from Northern key economic areas.


The event will take place between November 11th-16th in the square of the Vinh Phuc Cultural and Sporting House.


The organisers estimate that some 450 booths of local and international businesses will be showcased at the fair.


Main products to be displayed there will include automobile, auto spare parts, agricultural machinery, mechanics, electronics, telecommunications, garments and textiles, footwear, timber, ceramics, building materials and household goods.


The organisers expect the fair will serve as an opportunity for businesses to seek partnership and cooperation, sign contracts and promote their products.


Source: DDDN

Translated by Thu Nguyen

Source: QDND

How to control the trade deficit in 2010

In Uncategorized on October 22, 2010 at 3:54 pm




How to control the trade deficit in 2010


QĐND – Friday, October 22, 2010, 22:35 (GMT+7)


The trade deficit is predicted to increase sharply in the remaining months of this year, raising concerns for managers and businesses, and posing challenges to the management of the country’s macro-economy.

Over the past nine months, Vietnam’s trade deficit has risen to US$8.6 billion, accounting for 16.7 percent of total export turnover.


A Radio Voice of Vietnam (VOV) reporter interviewed Dr. Ho Duc Hung, Head of the Economic Development Research Institute at the Ho Chi Minh City University of Economics on the issue.


Reporter: Many economic analysts have predicted that the import surplus is likely to rise by the end of this year. What has caused the rapidly increasing trade deficit in recent months?


Mr Hung: Firstly, the Vietnamese economy is bouncing back from the global economic downturn and businesses’ demands for imports to boost production are rising. Secondly, there are growing needs for commodities for the lunar New Year Festival. Lastly, to fulfill their export targets, businesses have to import raw materials, which has sent the import surplus soaring in the remaining months.


Reporter: The industrial sector has an import surplus of less than US$13.5 billion for 2010. With the increasing trade deficit, is this target achievable?


Mr Hung: The National Assembly’s target is to keep the trade deficit, 20 percent lower than export turnover. However, this target is unlikely to be reached as it is hard to post a high export growth in agricultural and aquatic products and minerals this year.


In addition, the export of crude oil is dropping as oil producers have to provide a relatively high volume of crude oil for the Dung Quat Oil Refinery which has led to lower oil exports.


Garments and textiles are facing tough competition from China, especially in the US market.


Reporter: What should be done to limit the trade deficit and stabilise the macroeconomy?


Mr Hung: In fact, the import surplus is good, if it supports an export surplus. However, it is a question of the structure of imported goods, not measures to control the trade deficit. Therefore, we need to root out the problem by limiting the import of luxury goods, develop supporting industries and stop the import of goods through unofficial trade channels.


Reporter: Do you think the adoption of policies to encourage businesses to build domestic distribution systems for the rural market is a good way of controlling the trade deficit?


Mr Hung: Expanding the domestic market is also a way of competing with imported goods. By doing so, it is essential to develop distribution networks from urban to rural areas to help these products gain a foothold in the domestic market, and encourage Vietnamese to use Vietnamese products and minimise the use of foreign goods.


In addition, it is necessary to create environmental hygiene and safety standards to protect domestic production. If such measures are taken comprehensively, import surplus will fall.


Reporter: Thank you very much.


Coffee prices hit a record high


The price of coffee has risen a record to VND31,500 per kilogram in the past two years.


The price of coffee increased from VND29,000 on October 19 to VND30,000 on October 20 and to VND31,500 per kilogram on October 21.


According to the Vietnam Cacao and Coffee Association (Vicofa), the domestic price of coffee has risen because of a shortage on the world market and international businesses are rushing to purchase coffee. In addition, heavy rains have hit key coffee plantations areas in Vietnam, worrying investors.


Source: VOV


Source: QDND

Low pressure areas formed off the Pacific Coast

In Uncategorized on October 22, 2010 at 11:54 am

Two low pressure areas have been formed off the Pacific Coast in October 21, said the National Hydrometeorological Forecast Center.

The first low pressure area was located at 17.10 degrees north latitude and 142.25 degrees east longitude, and moved to the West-northwest in the evening.

The second low pressure area was found at 19.9 degrees north latitude and 158.8 degrees east longitude and moved to the Northwest.

Their wind speed was about 20-30 kph. They can develop into a typhoon and will hit the Philippines in next few days.

The super typhoon Megi is around 670km to the Northeast of Vietnam’s Hoang Sa Archipelago (Paracel Islands) with gusts over 220 kph.

It will go deep into the mainland of Guangdong Province in China on October 22.

The country presently sees a dry weather in three regions.


Related articles:
Swept-away bus recovered, 14 bodies found
Construction Corporation No.1 donates VND1.2 billion for flood victims
Super Typhoon Megi can change direction
Double floods in central region kill 32 with unknown number missing
Flood-torn Vietnam braces for super Typhoon Megi
Deadly floods kill at least 20, submerge central provinces
Central province receives communication from missing boat
Missing fishermen not yet arrive home
New flood disaster crashes in central Vietnam
US to donate US$50,000 to flood-hit regions
Quang Binh floods make thousands homeless
PM visits worst-hit province of Quang Binh
SGGP Newspaper gives relief aids to central flood victims
65 dead, missing as flood hits Central Vietnam
Quang Binh residents face serious flood
Dead, missing victims in central Vietnam continue to raise
Eight dead, missing in strong flood in central Vietnam

Source: SGGP

VN-Index revives after big loss

In Uncategorized on October 22, 2010 at 11:53 am

Movements of VN-Index on October 21. (Photo: vietstock.vn)Vietnam’s benchmark VN-Index slightly rose on October 21 after a sharp correction made the previous day as investors calmed down.

The index of 264 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange gained 0.65 percent, or 2.88 points, to finish at 445.05 points.


Trading volume dropped by 30 percent over the previous trading session as just around 28.7 million shares, worth VND690 billion changed hands.


Among the index members, 97 advanced, 109 fell, and 63 remained unchanged.


Vietnam Mechanization Electrification & Construction Joint Stock Company (MCG) won the position of most active share in volume with 1.74 million shares changing hands.


It was followed by Ocean Group Joint Stock Company (OGC) with 1.47 million shares.


Saigon Thuong Tin Commercial Bank or Sacombank (STB) ranked third with 1.16 million shares.


Sacombank Securities Joint Stock Company (SBS) and Taya Vietnam Electric Wire and Cable Joint Stock Company (TYA) both soared 5 percent to VND25,200 and VND6,300 respectively.


Cuong Thuan Investment Corporation (CTI) rebounded 4.88 percent from a loss of 3.53 percent the previous day to trade at VND34,400.


Mekophar Chemical Pharmaceutical Joint Stock Company (MKP) emerged 4.82 percent to VND50,000.


Meanwhile, Ben Tre Aquaproduct Import and Export Joint Stock Company (ABT) slashed 18.89 percent to VND43,800. The company will pay dividends in cash at a ratio of 20 percent on November 11. It will also issue 2,267,927 shares to its current shareholders at a ratio of 20 percent.


An Giang Fisheries Import & Export Joint Stock Company (AGF) gave up 7.52 percent to VND24,600. The company will advance dividends in cash for the first term of this year to its current shareholders at a ratio of 10 percent on December 6.


S.P.M Corporation (SPM) lost 5 percent to VND66,500.


The Hanoi’s HNX-Index struggled to gain 0.24 percent, or 0.27 points, to close at 112.55 points. More than 24.8 million shares traded at VND488.8 billion, a decrease of 30 percent in volume and 26 percent in value over the previous day.


The UPCoM-Index rose 0.39 points to 42.98 points. A total of 0.23 million shares, worth more than VND3.6 billion, were changed hands.

Source: SGGP

VN-Index revives after big loss

In Uncategorized on October 22, 2010 at 11:53 am

Movements of VN-Index on October 21. (Photo: vietstock.vn)Vietnam’s benchmark VN-Index slightly rose on October 21 after a sharp correction made the previous day as investors calmed down.

The index of 264 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange gained 0.65 percent, or 2.88 points, to finish at 445.05 points.


Trading volume dropped by 30 percent over the previous trading session as just around 28.7 million shares, worth VND690 billion changed hands.


Among the index members, 97 advanced, 109 fell, and 63 remained unchanged.


Vietnam Mechanization Electrification & Construction Joint Stock Company (MCG) won the position of most active share in volume with 1.74 million shares changing hands.


It was followed by Ocean Group Joint Stock Company (OGC) with 1.47 million shares.


Saigon Thuong Tin Commercial Bank or Sacombank (STB) ranked third with 1.16 million shares.


Sacombank Securities Joint Stock Company (SBS) and Taya Vietnam Electric Wire and Cable Joint Stock Company (TYA) both soared 5 percent to VND25,200 and VND6,300 respectively.


Cuong Thuan Investment Corporation (CTI) rebounded 4.88 percent from a loss of 3.53 percent the previous day to trade at VND34,400.


Mekophar Chemical Pharmaceutical Joint Stock Company (MKP) emerged 4.82 percent to VND50,000.


Meanwhile, Ben Tre Aquaproduct Import and Export Joint Stock Company (ABT) slashed 18.89 percent to VND43,800. The company will pay dividends in cash at a ratio of 20 percent on November 11. It will also issue 2,267,927 shares to its current shareholders at a ratio of 20 percent.


An Giang Fisheries Import & Export Joint Stock Company (AGF) gave up 7.52 percent to VND24,600. The company will advance dividends in cash for the first term of this year to its current shareholders at a ratio of 10 percent on December 6.


S.P.M Corporation (SPM) lost 5 percent to VND66,500.


The Hanoi’s HNX-Index struggled to gain 0.24 percent, or 0.27 points, to close at 112.55 points. More than 24.8 million shares traded at VND488.8 billion, a decrease of 30 percent in volume and 26 percent in value over the previous day.


The UPCoM-Index rose 0.39 points to 42.98 points. A total of 0.23 million shares, worth more than VND3.6 billion, were changed hands.

Source: SGGP