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Posts Tagged ‘20%’

Report: Over 20% of foreign visitors return to Khanh Hoa for 3rd time

In Uncategorized on January 8, 2011 at 4:16 am

According to a survey from Khanh Hoa Province’s Department of Culture, Sport and Tourism, more than 20 percent of 600 international visitors return to the central coastal province for the third time.

Foreign travelers visit Nha Trang City in Khanh Hoa Province. (Photo: Sggp)

In addition, 23 percent (138 travelers) visit the province for a second time.


Khanh Hoa received over 390,000 foreign visitors last year, presenting an increase of about 30 percent.

The visitors mostly come from the UK, France, Russia, the US, Australia and New Zealand. Seventy-four percent of tourists spend their holidays at the seaside and visiting friends. The other type of visitor is looking for business opportunities.

Every visitor spends about VND8.2 million (over US$400) on accommodation, restaurants and shopping, and entertainment services.

Source: SGGP

Insurance premium grows 20% to $1.5b year-on-year

In Uncategorized on January 8, 2011 at 4:12 am




Insurance premium grows 20% to $1.5b year-on-year


QĐND – Monday, January 03, 2011, 20:37 (GMT+7)

Total insurance premiums are estimated to have reached VND30.69 trillion (US$1.57 billion) this year, a rise of 20.3 per cent on last year, according to the Ministry of Finance’s Insurance Management and Supervision Department.


The department reported non-life insurance premiums contributed roughly VND17 trillion ($871.8 million), up 24 per cent on last year.


Life insurance premiums rose 16 per cent to VND13.69 trillion ($702 million).


This year also saw insurers pay out more than VND12 trillion ($615.4 million) in claims to institutions and individuals.


Director of the Department Trinh Thanh Hoan said next year they would streamline the existing regulations to further develop the insurance market and encourage institutions and individuals to take out insurance.


Insurers would be encouraged to provide insurance to the agriculture, forestry and fishery sectors and in remote areas, Hoan added.


He said the department also planned to submit proposals to the Ministry of Finance for licensing the establishment of 3-4 insurers and insurance brokers next year.


According to the department’s statistics, the country has 53 insurers, including 29 non-life insurers. There are also 12 life insurance and 11 insurance brokers. The country has only one re-insurance firm.


The department forecast the total insurance premium would reach VND35.29 trillion ($1.8 billion) next year, up 18.8 per cent year-on-year. Non-life insurance would see big rises of roughly 22-25 per cent to VND20 trillion ($1.03 billion) while life insurance rise would be 12-15 per cent.


General secretary of the Viet Nam Insurance Association Phung Dac Loc also believed the insurance market would experience strong growth next year as the Government had targeted a GDP growth rate of 7 per cent.


“Strong economic growth, which helps lift worker incomes, will lead to further development of the insurance market,” he said.


Loc anticipated the life insurance market would grow roughly 18 per cent next year with mixed insurance as the key product.


He said there were still plenty of domestic opportunities for insurance companies to expand, with just 5 per cent of the total population holding life insurance. Loc estimated that roughly 30 per cent of the country’s population could afford to take out insurance policies.


The Business Monitor International also reported this year that Viet Nam’s insurance market was likely to see strong growth with total premiums of up to VND58.45 trillion ($2.99 billion) by 2014. This would include non-life premiums of VND27 trillion ($1.38 billion).


Source: VNS


Source: QDND

Vietnam plans to put end to TB within 20 years

In Uncategorized on December 16, 2010 at 9:29 am




Vietnam plans to put end to TB within 20 years


QĐND – Friday, December 10, 2010, 20:52 (GMT+7)

Vietnam plans to eliminate tuberculosis (TB) by 2030, according to the National Tuberculosis Prevention (NTP) Programme.


The programme on Dec. 9 revealed its strategy for the next five years to reduce the prevalence of TB by half of the estimated incidence in 2000. It also aims to keep the multi-drug resistance (MDR) rate steady between now and 2015.


“TB epidemiology in Vietnam is still higher than the previous estimation of health experts. Thus, a significant number of TB cases remain undiagnosed or unreported and will continuously be sources of transmission,” said NTP Director Dinh Ngoc Sy.


According to statistics from the Ministry of Health, Vietnam still ranks 12th among 22 TB high burden countries and ranks 14th among 27 countries with a high burden of MDR-TB. The NTP estimated that Vietnam has about 200,000 TB cases of all forms, of which nearly 100,000 are new cases.


The number of TB cases detected and treated consistently remains under 60 percent of new cases annually. MDR-TB is about 20 percent of previously treated TB patients.


Vietnam will have to mobilise about 250 million USD of the total budget of 340 million USD from local and international donors to implement the National Tuberculosis Prevention Programme (NTP) in the next five years, Sy said.


“The State funding for the tuberculosis prevention programme only meets about 30 percent of the budget requirement,” he said.


The NTP said TB prevention activities have faced many challenges due to inadequate budget, lack of human resources, legal shortcomings, a weak health system and the impact of the HIV/AIDS epidemic.


The programme has set targets for the 2011-15 period that ensure access to and provision of equitable, high-quality and basic directly observed treatment (DOT) services at all levels of the healthcare system; address TB/HIV, MDR-TB and TB control in prisons; integrate NTP into the health system; and mobilise the involvement of all economic sectors in the NTP fight.


WHO estimates there are about 2 million new TB cases worldwide, 93 percent of which are in Vietnam , the Philippines , Cambodia and China . In fact, 260,000 people die from TB each year in the Western Pacific region.


Source: VNA


Source: QDND

Nearly 20 guitarists take part in special guitar gala

In Uncategorized on November 27, 2010 at 11:50 am

A guitar gala celebrating the 30th anniversary of HCM City-based Phu Nhuan Classic Guitar Club will be held at the Phu Nhuan District Cultural Center on November 30.

Guitarists practice before the concert (Photo: Tuoitre)

The special concert includes big names such as like Duong Kim Dung, Tran Hoai Phuong, Nguyen Tri Doan, Nguyen Thanh Huy, Pham Thanh Loc, Huynh Ba Tho, Tran Phuong Quang, etc.


Music lovers will have a chance to enjoy solo, duo, trio performances and classical and modern music. As special treat, all guitarists will be onstage to play the “Carmen” by G. Bizet together.


Proceeds from tickets will be donated to flood victims in the central region.


The show previously was oragnized on November 23.

Source: SGGP

Exhibition on 20 years of HIV/AIDS in Vietnam opens

In Uncategorized on November 22, 2010 at 2:01 pm

City calls on Gov’t to halt 20 hydropower projects on Dong Nai River

In Uncategorized on November 19, 2010 at 1:58 pm

Vietnam to import 20,000 tonnes of meat

In Uncategorized on November 18, 2010 at 7:56 pm

20,000 flee Myanmar fighting: Thai officials

In Uncategorized on November 9, 2010 at 5:21 am

Saudi Airlines orders 20 Boeing 777, 787 aircraft

In Uncategorized on November 8, 2010 at 3:21 am

AIA may raise up to 20 billion dollars in IPO

In Uncategorized on October 17, 2010 at 10:24 am

AIA Group Ltd said Sunday it could raise up to 20 billion US dollars in a global public offering, putting it on track to be the world’s second biggest IPO this year.


Announcing details of the sale at a press conference in Hong Kong, the Asian unit of US insurer AIG said it said it will offer 5.86 billion shares priced at between 18.38-19.68 Hong Kong dollars each, or up to 15 billion US dollars.


It said it could issue up to 8.08 billion shares if it exercised a greenshoe option, which would bring the total raised to around 20 billion US dollars.


AIG, which is looking to repay US taxpayers after a government bailout in 2008, won approval last month for the sale of its Asian unit and is planning to float about half of AIA.

AIA Group Ltd said Sunday it will offer at least 5.86 billion shares priced at between 18.38-19.68 Hong Kong dollars each in a global public offering

“This IPO serves as a great catalyst for the next and exciting phase in the AIA’s history,” Mark Tucker, group executive chairman and chief executive officer, said via a live video feed from the United States.


Earlier this year, Agricultural Bank of China raised a total of 22.1 billion dollars from an IPO, exceeding the previous record set by the Industrial and Commercial Bank of China, which raised 21.9 billion dollars in 2006.


Shares will be offered from Monday October 18 to October 21, with trading expected to begin on October 29.


AIA said that as of May 31, it had total assets of 95.7 billion US dollars and an operating profit of 1.1 million US dollars.


The company believes its consolidated operating profit for the fiscal year ending November 30 will not be less than 2 billion US dollars.

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Source: SGGP