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Archive for October 25th, 2010|Daily archive page

Efforts to reduce post-harvest losses

In Uncategorized on October 25, 2010 at 5:39 pm

Efforts to reduce post-harvest losses

QĐND – Monday, October 25, 2010, 20:36 (GMT+7)

The Vietnamese Government will offer preferential loans to organisations and individuals for the purchase of machines and equipment to reduce post-harvest losses in the agriculture and aquaculture sectors.

Under a decision approved by Prime Minister Nguyen Tan Dung, the State budget will subsidise the total interest rates for these loans in the first two years, and 50 percent from the third year onward.

Borrowers may take out loans equal to the value of the equipment they wish to purchase from the Vietnam Agriculture and Rural Development Bank.

Direct producers, including co-operatives, households and individuals, and businesses who sign contracts with farmers will be eligible for the support.

The decision also stipulates a list of eligible machines and equipment including: dryers; machines used for the cultivation and harvest of rice, coffee tea and sugarcane; and machines used for aquatic production and cold storage.

In addition, domestic production must account for 60 percent of the value of the loan and conform to trade standards, including registered trademarks.

The decision also regulates that organisations, households and individuals who buy grinders and coffee processing machines with waste water treatment systems will qualify for preferential interest rates on investment credit.

Investment projects for the construction of storehouses with capacity totalling four million tonnes will benefit from the low interest rate as well as a land lease exemption and 20 percent of land clearance costs.

The decision stipulates that enterprises will be exempt from paying business income tax in the first three years and reduced to half for the next two years.

The State budget will also cover 100 percent of the expenses for organisations, households and individuals to experiment with high quality rice and maize breeds for the first time.

People who buy patents or register intellectual property rights for farmers’ products will receive the support.

Scientific applications to reduce post-harvest losses will be added to a list of beneficiaries for support from the national technology renewal fund.

Standing Deputy Prime Minister Nguyen Sinh Hung has instructed the Southern Food Corporation to complete its plans for construction of a food warehouse system in the Cuu Long (Mekong) Delta Region before June 31, 2012.

The Ministry of Finance will review the land use rights exemption for the project and submit the proposal to the PM for approval.

The corporation will ask investors to complete investment credit loan applications from the Vietnam Development Bank as well as commercial banks to determine their interest in medium-and-long-term loans.

Statistics from the Ministry of Agriculture and Rural Development show that the region has annual productivity of around 20 million tonnes, accounting for 90 percent of the country’s rice exports.

However, it says the total capacity in the region’s warehouses is only 1.5 million tonnes, meeting just 30 percent of demand.

The plan is expected to be an important solution to improve quality and reduce post-harvest losses for the key export item.

Source: VNA

Source: QDND

City police arrest speed racers

In Uncategorized on October 25, 2010 at 5:39 pm

City police arrest speed racers

QĐND – Monday, October 25, 2010, 20:36 (GMT+7)

Police impounded about 550 motorbikes and arrested dozens of youths who were planning an illegal speed ride through the streets of HCM City on Oct. 23 night.

Many of the youths escaped and left their motorbikes behind after being approached, Binh Thanh district police said.

It was alleged the large group was planning a speed ride, to be accompanied by the noise of modified exhaust pipes.

Police spokesmen said the catch was their biggest so far in the fight against illegal motorbike racing. Violators would receive a heavy fine.

Source: VNA

Source: QDND

State President receives Spanish businesses

In Uncategorized on October 25, 2010 at 5:38 pm

State President receives Spanish businesses

QĐND – Monday, October 25, 2010, 20:39 (GMT+7)

State President Nguyen Minh Triet on October 25 received the leaders of two Spanish economic groups in Hanoi, DEFEX and ACCIONA.

President Triet praised the two groups’ involvement in mining and building the Ke Ga deep-water harbour in the southern province of Binh Thuan in cooperation with the Vietnam Coal and Minerals Group (VinaCoal) and a digital television service with the An Vien Joint Stock Company.

He stressed that Vietnam during its socio-economic development process needs assistance from the international community, including economic groups.

He said that he hoped DEFEX and ACCIONA would expand their investment in Vietnam and spread the word about Vietnam ’s potential to other Spanish businesses.

The President expressed his satisfaction at the development of Vietnamese-Spanish relations, which can be seen in the common views held by both countries in the world arena, as well as their wish to expand cooperation.

He suggested that both countries lift cooperation in economics, trade, investment, science and technology and culture to match their “strategic partnership”.

President Triet also praised the contributions made by Spanish Ambassador Fernando Curcio Ruigomez in bringing Vietnam and Spain closer together.

The Ambassador said that President Triet’s visit to Spain in late 2009 had strengthened ties between both countries and one of the outcomes was the new DEFEX and An Vien digital television service.

Source: VNA

Source: QDND

Record high tide to cause flood in city

In Uncategorized on October 25, 2010 at 1:35 pm

According to the Southern Regional Hydro Meteorological Center, the flood tide in HCM City will reach a peak of 1.5m at the Phu An Station on Saigon River around 7pm on October 25.

The flood tide doubled with heavy rain brought by Typhoon Megi will cause havoc in many inner-city and suburban areas. A series of dykes in in Binh Thanh, Thu Duc, Go Vap, Hoc Mon, Cu Chi and District 12 is at risk of damage. So many streets will be submerged by water.

The HCMC Steering Committee for Flood and Storm Control ordered local authorities to check dykes along river and canal banks.

A high flood tide and heavy rain have caused flooding in many areas in the Mekong Delta city of Can Tho.

The National Hydrometeorological Forecast Center said that a cold air mass coming from southern China has entered the northern region. Temperature decreases by about 5-7oC, average temperature is 17-24oC. The weather becomes so cold.

The central and southern central regions will see warm sunshine in the beginning of this week and heavy rain at the weekend.

Source: SGGP

Penny chips buoy investor confidence

In Uncategorized on October 25, 2010 at 1:35 pm

Movements of VN-Index on October 25. (Photo:’s benchmark VN-Index, a gauge of 264 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, unexpectedly swam upstream on October 25 as penny-chip stocks revived, enhancing investors’ bullish sentiment.

The index finished at 448.61 points, gaining 3.4 points, or 0.76 percent.

However, liquidity on the city bourse slightly improved over the previous session. Around 28.6 million shares traded at VND735.21 billion, an increase of 5.94 percent in volume and 20.31 percent in value.

On the benchmark, 154 stocks gained, 48 dropped, while 67 treaded water.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) topped the list of most active shares in volume with 1.14 million shares changed hands. It was the only stock whose trading volume was above 1 million shares today.

Ocean Group Joint Stock Company (OGC) took the second rank with 829,070 shares traded.

Saigon Securities Inc. (SSI), the country’s largest brokerage, tagged along with 671,750 shares.

Camau Trading Joint Stock Company (CMV) advanced the first time after stalling for two trading sessions, jumping the daily maximum allowed limit of 5 percent to trade at VND27,300.

OPC Pharmaceutical Joint-Stock Company (OPC) climbed 4.99 percent to VND40,000.

Nari Hamico Minerals Joint Stock Company (KSS) curbed it five-consecutive-trading-session losing streak, shooting up 4.96 percent to VND27,500.

H.A.I Joint Stock Company (HAI) eroded 4.92 percent to trade at VND29,000.

Cuu Long Pharmaceutical Joint Stock Corporation (DCL) stumbled 4.91 percent to VND40,700.

Manulife Progressive Fund (MAFPF1) declined 4.76 percent to VND4,000.

The Hanoi’s HNX-Index edged up 0.45 points, or 0.4 percent, to 111.77 points. Trading volume severely fell over the previous day as just 20.7 million shares changed hands at VND400 billion.

The UPCoM-Index inched up 0.01 points to 42.9 points. A total of 232,200 shares were traded at a value of VND3.87 billion as of lunchtime.

Source: SGGP

Medicine prices continue to increase

In Uncategorized on October 25, 2010 at 1:35 pm

According to a market research of the Viet Nam Pharmaceutical Companies Association, prices of imported pharmaceutical products continuously increased in October.  

A servey of 7,390 medical products carried out by the association showed that the Hanoi market has seen an average increase of 3.8 percent of 37 pharmaceutical products and an average decrease of 5.4 percent of 11 products.

Prices of domestic medicines in Ho Chi Minh City have been relatively stable, while imported medicines continued to be sold at high prices.

The association forecasts drug prices may raise from now until the end of the year.

The prediction of the association was contrary to report by Minister of Health Nguyen Quoc Trieu at a conference on medicine prices of the National Assembly Committee as he said drug prices would gradually remain stable from now until the end of the year.

Experts say that it is not easy to stabilize medicine prices because the national pharmaceutical industry depends most on imported materials as US Dollar price remains high vs Vietnamese Dong

Source: SGGP

“Green street” campaign kicked off in big cities

In Uncategorized on October 25, 2010 at 1:34 pm

A “Green street” campaign has just been kicked off in Ho Chi Minh City, Hanoi and Da Nang on October 21.

                   The 1st “Green street” is organized in 2009.

The 2nd campaign is part of the “Go Green Journey” program launched by the Go Green Club (GGC).

The GGC and residents will restore the habit of cleaning streets and their homes every Sunday morning.

The campaign has been implemented in offices, primary and high schools throughout the country.

The “Go Green Journey” program aims to create a hub to promote closely and systematically cooperation between environment protection activities of TMV with other organizations, and dedicated environment volunteer groups in Vietnam.

The program was first launched in 2008 by Toyota Motor Vietnam (TMV) in collaboration with the Vietnam Environment Protection Administration and Ministry of Education and Training.

The program is implemented in 2 phases (2008-2011; and 2011 onwards) to achieve 3 objectives: Raising awareness of the community towards environment protection and to ride on it to make people gradually change their behavior; directly implementing and supporting other environment activities to minimize and stop damages to the environment in Vietnam; supporting and helping individuals and organizations affected by environmental damages.

Source: SGGP

City Polytechnic University short of apllicants to doctorial programs

In Uncategorized on October 25, 2010 at 1:34 pm

HCM City Polytechnic University may close 24 among 42 doctoral training programs because of shortage of students.

         HCM City Polytechnic University

The school did not have the proper infrastructure and has seen a low PhD graduation rate because most of students still work during their study, representatives of the university explained.

In addition, the annual state budget for PhD training is low, not exceed VND10 million per year for one person. Students must pay for scientific researches out of their own pockets.

The city’s Polytechnic University has trained 87 doctors for 30 years and 4,000 masters from 2000 up to now.

Source: SGGP

Fourteen dead in oil well blaze in Myanmar

In Uncategorized on October 25, 2010 at 9:38 am

At least 14 people have been killed and 58 more injured in a fire at an oil well in central Myanmar, an official in the military-ruled country said Monday.

Fact file on Myanmar. At least 14 people have been killed and 58 more injured in a fire at an oil well in central Myanmar, an official in the military-ruled country said Monday

The blaze broke out on Sunday near Pakokku town in Magway Region.

“At least 14 people were killed and 58 others injured so far during the incident,” said the official, who did not want to be named. “The local authorities are trying to put out the fire now.”

Source: SGGP

Haiti toll rises above 250, new cases taper off

In Uncategorized on October 25, 2010 at 9:38 am

Haiti cholera deaths rose above 250 but the number of new infections and fatalities began to taper off, offering hope the epidemic might have been contained.

The new toll of 253 dead and 3,115 infections, provided by the director general of Haiti’s health department Gabriel Thimote, represented an increase of only 33 fatalities over a 24-hour period.

The disease “is limited to a well-defined perimeter” in the northern region of Artibonite and part of the central plateau, Foreign Minister Marie-Michele Rey told reporters.

Speaking in Switzerland where she was attending a summit of French-speaking nations, Rey said that for the time being “those who are on the spot appear to be able to contain the situation.”

But fears linger of a major health crisis should the outbreak infiltrate Port-au-Prince’s squalid tent cities, where hundreds of thousands live in awful conditions after being displaced by January’s earthquake.

Sick victims and families wait at St. Nicolas Hospital in St. Marc, north of Port-au-Prince. Haiti cholera deaths rose above 250 but the number of new infections and fatalities began to taper off, offering hope the epidemic might have been contained

Cholera is primarily passed on through contaminated water or food and could spread like wildfire through the unsanitary tent cities, where displaced families bathe outside, do laundry and share meals in close quarters.

Only five people in the capital have been diagnosed with cholera so far and the UN’s Office for the Coordination of Humanitarian Affairs said they had all traveled in from the epicenter of the outbreak in the Artibonite river area.

“These cases thus do not represent a spread of the epidemic because this is not a new location of infection,” the UN body said, adding that the development was, however, “worrying.”

Contamination of the Artibonite River, an artery crossing Haiti’s rural center that thousands of people use for much of their daily activities, is believed to be the source of the epidemic.

Regional health director Dieula Louissaint stressed the need to isolate patients to contain the spread of the disease, which, with its characteristic severe vomiting and diarrhea, can dehydrate and kill in a matter of hours.

“We cannot continue to treat cholera in this structure where we are also seeing other kinds of patients,” Louissaint said. “We need to establish specific treatment centers.”

Around 3,000 people have been admitted to hospitals and health centers near Saint-Marc, a main town several hours northwest of the capital.

More than 50 inmates at a prison in the center of the country have also been infected and three have died, officials said.

“The situation is under control. The population should not give in to panic, but people must take hygienic measures seriously,” advised Jocelyne Pierre-Louis, a physician with the health ministry.

President Rene Preval and Health Minister Alex Larsen toured regions affected by the epidemic on Saturday, as authorities vowed they were working to provide clean water to residents.

On Friday, the health ministry asked the United Nations operations in Haiti to take charge of distributing medication sent by international donors.

Doctors Without Borders was setting up a field hospital in Saint Marc to treat patients and Oxfam sent five emergency specialists to Artibonite to set up water, sanitation and hygiene facilities for up to 100,000 people.

The Canadian government has offered to set up a military hospital on the ground and the United States has pledged to set up large tents to treat patients.

Canada, which has its own sizable Haitian population, also offered to send one million Canadian dollars to help fight the spread of the outbreak.

“Canada is worried about the risk that this serious disease spreads to other communities,” Canadian Prime Minister Stephen Harper said.

The aid agency Oxfam said it will distribute soap, water tablets and rehydration salt packs to 25,000 HaItians as part of the effort to rein in the cholera outbreak.

“We are obviously concerned about the spread of cholera to Port-au-Prince,” Oxfam’s health advisor Raphael Mutiku said.

Still, he stressed, “earthquake victims living in and around the capital have better access to clean water, latrines and better knowledge of good hygiene practices than in rural areas.”

“We are working as quickly as possible to stop the spread of cholera. We have a lot of resources in the country right now and luckily this is a very preventable and treatable disease,” Mutiku added.

World Vision meanwhile also sent teams fanning out to distribute emergency health supplies and address cholera preventative measures.

“While we can’t be sure the direction this will take, we’re preparing for challenging weeks ahead,” said World Vision’s Program Director in Port-au-Prince, Sabrina Pourmand Nolen.

“Right now, the priority is to continue doing everything we can to stop the spread of this fast-moving disease,” she added.

The US branch of the Red Cross said Saturday that three large shipments of supplies had arrived on Haiti, already considered the poorest country in the western hemisphere even before January’s 7.0-magnitude quake.

Large parts of the capital Port-au-Prince and other nearby towns were flattened, a quarter of a million people lost their lives and even more were displaced after losing their homes.

But up until this week, Haiti had at least been spared a major disease outbreak and aid workers are now desperately trying to keep the cholera at bay before it causes a second disaster for the nation in just 10 months.

Further bad news for Haiti, US scientists reported that the January 12 earthquake had failed to release all the tension in a notorious seismic fault, leaving its capital exposed to the risk of another seismic disaster.

Source: SGGP