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Archive for October 27th, 2010|Daily archive page

HCMC welcomes 400,000 foreign visitors

In Uncategorized on October 27, 2010 at 2:40 pm




HCMC welcomes 400,000 foreign visitors


QĐND – Wednesday, October 27, 2010, 20:41 (GMT+7)

Ho Chi Minh City is expected to receive about 400,000 international visitors in October, up by 50% compared to the same period last year and 130,000 foreign tourists compared to the last month’s figure, according to the city’s Department of Culture, Sports and Tourism.


Most of the 320,000 visitors to HCMC in this month, travelled by air.


In the first 10 months of this year, HCMC welcomed 2.6 million foreign visitors, up by 25% compared to last year’s figure.


The city hopes to receive the 3,000,000th international tourist at the end of this year by organising a lot of interesting activities for visitors.


The city’s tourism sector is focusing on developing river tourism, organising art performance programs and completing the program “Ho Chi Minh City and its 100 interesting things”.


Source: HNM


Translated by Duy Minh


Source: QDND

Trade union development gets Danish support

In Uncategorized on October 27, 2010 at 2:40 pm




Trade union development gets Danish support


QĐND – Wednesday, October 27, 2010, 20:41 (GMT+7)

A programme supported by Denmark to assist the private business sector to strengthen capacity for trade unions, beginning in 2005, has brought remarkable results, said the Vietnam General Confederation of Labour (VGCL) on October 26.


The VGCL summed up the five-year implementation of the programme’s second component, which has helped trade unions in Nghe An, Khanh Hoa and Lam Dong provinces attract more members and set up grassroots trade unions.


The programme has also helped improve trade unionists’ capacity for negotiating, signing and supervising collective agreements on labour safety and hygiene, and settling disputes.


Up to now, the three provinces’ trade unions have admitted 30,500 members, set up 751 grassroots branches, and signed 238 new collective agreements.


These agreements focus on major issues such as salaries, working time, leave, welfare, bonuses and insurance.


The programme with financial support from the Danish International Development Cooperation Agency (DANIDA), aims to assist the Vietnamese Government, trade unions and employers to improve competitiveness in the business sector.


Source: Vietnamplus


Source: QDND

Tra and basa fish need branding

In Uncategorized on October 27, 2010 at 2:40 pm




Tra and basa fish need branding


QĐND – Wednesday, October 27, 2010, 20:39 (GMT+7)

Seafood exporting and processing businesses and agro-forestry-aquatic product quality centres in localities need to have specific commercial brands for tra and basa fish when exporting overseas from December 31.


This decision was recently announced by the Ministry of Agriculture and Rural Development.


Under the decision, businesses should choose authentic names for tra and basa fish when exporting their products.


They should work with importers to name their products for each country and get licensed to export their products to these markets as required.


Source: VOV


Source: QDND

More incentives needed for private sector

In Uncategorized on October 27, 2010 at 2:40 pm




More incentives needed for private sector


QĐND – Wednesday, October 27, 2010, 20:39 (GMT+7)

The private business sector needs a greater effort and more favourable policies to see a stronger growth, both in quantity and quality.


Since the Business Law was introduced, the private sector has seen a significant growth in quantity. The number of private businesses has increased by 15 times from 31,000 in 2000 to the present figure of more than 400,000. The average chartered capital also rose from VND1.29 billion in 2001 to VND11.2 billion in 2009, 1.44 percent of businesses have a registered capital of more than VND200 billion and 0.6 percent have more than VND50 billion.


According to the 2008 index, while a state-run business needs VND436.5 million to create a new job, a private company needs only VND250 million. This shows how effective the private sector can be.


Le Duy Binh from Economica Company said there should be better policies for the sector to develop support industries for not only foreign but also Vietnamese state-run companies.


Economic expert Pham Chi Lan said that limited premises for business and production and a lack of capital are behind the sector’s low profits.


Private businesses find it hard to access bank loans because they do not have the premises to mortgage, she said, adding that their weaknesses in management and outdated technologies also prevent private businesses from developing.


It is estimated that only 2 percent of private businesses in Vietnam have access to modern technologies, much lower than Thai businesses (30 percent), Malaysia (51 percent), and Singapore (73 percent).


Phan Vinh Quang, Deputy Director of Star Vietnam, said that although the private sector has taken advantage of Vietnam’s cheap workforce, they can not develop as expected.


Poor business management and lack of and confidence also stand in their way of progress, said Vinh.


Nguyen Dinh Cung, Vice President of the Central Institute for Economic  Management, said the businesses environment has improved in recent time but the key to success depends on business themselves.

Source: VOV

Source: QDND

Vietnam-Germany cooperate in managing water resources

In Uncategorized on October 27, 2010 at 2:39 pm




Vietnam-Germany cooperate in managing water resources


QĐND – Wednesday, October 27, 2010, 20:39 (GMT+7)

A seminar on managing water resources in Vietnam and Germany was held in Hanoi on October 27.


The event, part of German Year in Vietnam 2010, aimed to protect water resources, keep up people’s health and maintain a clean ecosystem.


At the event, representatives of the Ministry of Agriculture and Rural Development and the German Water Partnership (GWP) signed a cooperative document about managing water resources.


Following recent statistics, more than 60 percent of the total water resources through out Vietnamese territory originates from foreign land. In Vietnam, water resources are allocated unequally during dry and rainy seasons.


On average, there has been 3840 cu.m of water per person per year. Water resources are also affected by climate change, and industrial waste. As a result, in the future, Vietnam may face water scarcity. Controlling water resources is an important goal to ensure sustainable development in the country.


The seminar was also a good chance to seek foreign partners to support action plans for managing water resources.


Source: VOV


Source: QDND

Swiss Red Cross donates to flood victims

In Uncategorized on October 27, 2010 at 2:39 pm




Swiss Red Cross donates to flood victims


QĐND – Wednesday, October 27, 2010, 20:39 (GMT+7)

The Swiss Red Cross in coordination with the Red Cross in Vietnam’s Phu Yen province provided VND1.6 billion to flood victims in EaBia and EaTrol villages in Song Hinh district on October 27.


EaBia received almost VND1 billion and EaTrol more than VND600 million. Families were provided with VND3.8-8 million each.


The aid will be spent on fertilizer, variety and tools for production.


The Swiss Red Cross has so far donated VND3.2 billion to 5 communes in Phu Yen province.


Source: VOV


Source: QDND

1,300 outstanding people to attend emulation congress

In Uncategorized on October 27, 2010 at 2:39 pm




1,300 outstanding people to attend emulation congress


QĐND – Wednesday, October 27, 2010, 20:41 (GMT+7)

1,300 people have been selected as delegates to attend the 8th National Patriotic Emulation Congress, which will take place from November 29th-30th, according to the organising board.


The delegates are people who have been creative at work or made large contributions to national development and society over the past five years.


The organising board unveiled on October 26th that 30 per cent of the delegates work in economic sectors, 20 per cent belong to defence and security and the remainder are related to education and training, health care and other sectors.


Especially, examples in fight against corruption and outstanding youths in movements will be honored at the congress.


Source: TT


Translated by Thu Nguyen


Source: QDND

Vietnam sees serious gender imbalance

In Uncategorized on October 27, 2010 at 2:39 pm




Vietnam sees serious gender imbalance


QĐND – Wednesday, October 27, 2010, 20:41 (GMT+7)

Vietnam has seen an increasing imbalance of gender over the past 5 years, the United Nations Population Fund (UNFPA) in Vietnam stated at a news conference held on October 26th in Hanoi.


The gender imbalance in Vietnam with complex features is different from other nations and poses a strong impact on the country’s culture, society and economy, the UN agency said.


In terms of geography, figures, mainly based on the General Census in 2009, show that the male-female ratio is 110.5 to 100 on average and the most unbalanced rate is found in the Red River Delta, where every 115 male children out of 100 female ones are born, while the rate is the most balanced in Central Highlands. 


In terms of education and economic status, better educated and richer people tend to have more sons.


UNFPA suggests that Vietnam should line out long-run policies and take appropriate measures to change people’s gender attitude.


Source: HNM

Translated by Thu Nguyen

Source: QDND

Stocks march south

In Uncategorized on October 27, 2010 at 9:11 am

Movements of VN-Index on October 27. (Photo: vietstock.vn)The VN-Index, a measure of 266 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, erased previous gains on October 27 as investors dumped shares on speculation that stocks would make corrections the next days.

The benchmark tumbled 1.12 percent, or 5.11 points, to close at 450.01 points.


Liquidity on the city bourse declined by 20 percent over the previous trading session as just 28.5 million shares changed hands at VND720.5 billion.


On the index, 43 stocks advanced, 183 dropped, while 45 treaded water.


Saigon Thuong Tin Commercial Bank or Sacombank (STB), one of the top listed lenders, took the spot of most active share in volume with 1.75 million shares changing hands.


Sugar producer Société De Bourbon Tay Ninh (SBT) followed with 1.1 million shares, tagged along by Ocean Group Joint Stock Company (OGC) with 992,490 shares.


Khanh Hoa Power Joint Stock Company (KHP) gave up 6.14 percent to VND10,700. The company will pay dividends for the first term of this year in cash at a ratio of 5 percent to its current shareholders on November 11.


The newly listed Dam Sen Water Park Corporation (DSN), Hoang Quan Consulting – Trading – Service Real Estate Corporation (HQC), and VIET NAM ACTIVE FUND (VFMVFA) all contracted 5 percent to VND22,800, VND32,300, and VND7,600 respectively.


North Kinh Do Food Joint Stock Company (NKD) advanced 4.94 percent to VND42,500.


Cuu Long Pharmaceutical Joint Stock Corporation (DCL) increased the first time in six days, gaining 4.91 percent to VND40,600.


Tan Tien Plastic Packaging Joint Stock Company (TTP) reversed a previous loss of 4.38 percent, climbing 4.9 percent to trade at VND32,100.


The northern bourse also finished in red as the Hanoi’s HNX-Index collapsed 2.38 points, or 2.07 percent, to 112.53 points. Trading volume fell by 30 percent over the previous day to around 24.1 million shares traded at VND487.9 billion.


The UPCoM-Index sliced 0.6 points to 42.38 points as of 11:10 am local time. A total of 95,250 shares changed hands at VND0.95 billion.

Source: SGGP

Rescue on blazing ship carrying 111 off English coast

In Uncategorized on October 27, 2010 at 9:11 am

LONDON, Oct 27, 2010 (AFP) – An operation was under way Wednesday to rescue 111 people from a factory fishing vessel which caught fire southwest of the Isles of Scilly off southwest England, the coastguard said.


“There are 81 persons in life rafts with 30 people remaining on the ship fighting the fire,” a spokesman said, adding that the “Athena” was 230 miles (370 kilometres) southwest of the Isles of Scilly.

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Source: SGGP