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VND 2,600 billion to build Thanh Hoa Airport

In Uncategorized on January 12, 2011 at 7:11 am




VND 2,600 billion to build Thanh Hoa Airport


QĐND – Sunday, January 09, 2011, 22:17 (GMT+7)

The project to build Thanh Hoa Airport was officially announced on January 8th by the Thanh Hoa Provincial People’s Committee and the Vietnam Aviation Department.


Under the plan, the project will be implemented in two phases with the first oneto be completed by 2020 and the second one to be completed by 2030 at a cost of 2,600 billion VND in aggregate.


The airport will be erected in Hai Ninh Commune, Tinh Gia District, 30 km south of Thanh Hoa City, and 1.3 km away from National Highway 1A.


The airport is designed to carry 250,000 passengers and 10,000 tons of cargo per year after the first phase is completed. The designed capacity for the second phase is 1 million passengers and 20,000 tons of cargo per year. The airport will then be able to serve both regular domestic and international flights. 


Source: VnExpress

Translated by Thu Nguyen

Source: QDND

Coal and mineral industry fetches VND70,000 billion in 2010 revenue

In Uncategorized on January 12, 2011 at 7:07 am




Coal and mineral industry fetches VND70,000 billion in 2010 revenue


QĐND – Sunday, January 09, 2011, 22:18 (GMT+7)

The Vietnam National Coal Mineral Industries Group (VINACOMIN) earned nearly VND70,000 billion in 2010 revenue, 11 percent more than in 2009, in which coal exports reached VND21,000 billion, up by 21 percent over 2009.


On January 8, VINACOMIN organised a conference to review business and production activities in 2010 and worked out the 2011 plan.


Despite facing a lot of difficulties due to the impact of the global economic crisis, VINACOMIN still perform well, carrying out its business plans. As a result, in 2011, VINACOMIN contributed more than VND8,000 billion to the State budget, 25 percent more than in 2009 while its mineral exploration hit VND2,500 billion, up by 31 percent; electricity production reached VND2,300 billion, up by 131 percent over 2009.


Asides from this, the group restructured its enterprises and production management while implementing key projects on mining, thermal-electric power and exploring new coal mines.


Last year, VINANCOMIN ensured job provision and stable incomes for more than 1.3 million workers with a monthly average salary of VND6 million each, 5 percent more than the level of the year before.


In 2011, the group will continue to implement measures to gain more than VND72,000 billion in revenue, apply advanced technology to increase production efficiency and reduce workplace accidents.


The group will also ensure social welfare for workers as well as adopt measures for sustainable environmental protection in its exploration process.


Source: VOV


Source: QDND

Hanoi presents nearly 200 billion VND to social beneficiaries

In Uncategorized on January 12, 2011 at 7:05 am




Hanoi presents nearly 200 billion VND to social beneficiaries


QĐND – Tuesday, January 11, 2011, 21:37 (GMT+7)

PANO – The Hanoi People’s Committee has spent more than 195 billion VND on Tet presents for 733,133 wounded soldiers, martyrs’ families, veterans, elderly people, and other needy people in the city.


Meanwhile delegations from the city’s authorities will visit and present gifts to 97 social groups and 87 families of social beneficiaries on the Lunar New Year holidays.


On this occasion, various meaningful activities have been launched to support social beneficiaries in the city. Some art performances have been held to raised funds from individuals and businesses to sponsor for social programs.


Translated by Duy Minh


Source: QDND

5.7 billion VND for disadvantaged people and orphaned children

In Uncategorized on January 8, 2011 at 4:09 am




5.7 billion VND for disadvantaged people and orphaned children


QĐND – Friday, January 07, 2011, 21:31 (GMT+7)

The Hanoi Fund for Disabled People and Orphaned children has reviewed its operations in 2010 and worked out tasks for this year.


Last year, the organisation were able to present 1,428 wheelchairs for disable people, 665 bicycles for orphaned children, 1,047 scholarships to needy pupils thanks to more than 5.7 billion VND raised from groups and individuals inside and outside the country.


This year, the Association plans to focus activities on providing vocational training for disadvantaged people to enable them integrate in the society, and offering more scholarships for orphaned children.


Source: HNM


Translated by Duy Minh


Source: QDND

Genomic Fossils Reveal Explosion of Life 3 Billion Years Ago

In Uncategorized on December 24, 2010 at 6:25 am

Life has existed on Earth for roughly 3.5 billion years, but there is very little fossil record left for most of that time. However, two researchers have used modern genomes to look back in time and reconstruct the evolution of ancient cells.


Their work has revealed an explosion of life about 3 billion years ago, coinciding with the appearance of the chemical mechanism that makes possible two crucial processes – respiration and photosynthesis. [Scientists Hunt for Signs of the Earliest Life on Earth]


“What is really remarkable about these findings is that they prove that the histories of very ancient events are recorded in the shared DNA of living organisms,” said one of the researchers, Eric Alm, a professor of civil and environmental engineering and biological engineering at the Massachusetts Institute of Technology (MIT). He collaborated with Lawrence David, who received his doctorate from MIT and is now a junior fellow in the Harvard Society of Fellows.


To turn the clocks back, Alm and David used information about modern genomes in combination with their own mathematical model that took into account the ways genes evolve, such as, the creation and inheritance of new gene families and the loss of genes. Using this technique, they traced thousands of genes from 100 modern genomes back to those genes’ first appearance on Earth.


This genomic “fossil record” indicates that the collective genome of life expanded between 3.3 billion and 2.8 billion years ago. During this period, 27 percent of all presently existing gene families came into being. The pair dubbed this the Archean Expansion.


This expansion coincided with the development of modern electron transport, which is the biochemical process responsible for shuttling electrons within cellular membranes to make breathing oxygen and carrying out photosynthesis possible.


“Our results can’t say if the development of electron transport directly caused the Archean Expansion,” David said. “Nonetheless, we can speculate that having access to a much larger energy budget enabled the biosphere to host larger and more complex microbial ecosystems.”


After the Archean Expansion, about 2.5 billion years ago, the atmosphere filled with oxygen, a dramatic event in the history of life on Earth, called the Great Oxidation Event. A type of photosynthesis, made possible by electron transport, is believed to have driven the oxygenation of the atmosphere.


Alm and David detailed their findings online Dec. 19 in the journal Nature.


 

Source: SGGP

China, Pakistan to formalise 10 billion dollar deals

In Uncategorized on December 18, 2010 at 9:56 am

China and Pakistan are set to conclude another 10 billion dollars’ worth of deals on Saturday, the latest signings on a trade-focused trip to South Asia by Chinese Premier Wen Jiabao.


Business leaders are scheduled to formalise the deals — adding to the 20 billion dollars’ worth of deals inked Friday — at Islamabad’s five-star Marriott Hotel, where a huge suicide truck bomb killed 60 people in 2008.


Boosting trade and investment have been the main focus of the first visit in five years by a Chinese premier to the nuclear-armed Muslim nation on the front line of the US-led war on Al-Qaeda.


Pakistan regards China as its closest ally and the deals are seen locally as incredibly important to a moribund economy, which was dealt a massive blow by catastrophic flooding this year and suffers from sluggish foreign investment.


The Islamabad city administration declared Saturday a public holiday, apparently for security reasons with the country on full-time alert for suicide attacks and bombings blamed on the Taliban and Al-Qaeda-linked extremists.


Wen inaugurated a cultural centre built as a monument to Pakistani-Chinese friendship, and was to hold talks with the country’s opposition leader Nawaz Sharif and senior figures in the military, which depends on China for hardware.


The 35-million-dollar Pakistan-China Friendship Centre offers the Pakistani capital a conference venue, theatre, cinema and space for multiple events.


Young Pakistani girls dressed traditionally and waving the flags of both countries danced for Wen and Pakistani Prime Minister Yousuf Raza Gilani, before Wen kissed one of them on the cheek and posed for photographs.


Wen said Chinese medics will provide 1,000 Pakistani patients with free cataract surgery next year to mark the 60th anniversary of diplomatic relations.


“China-Pakistan friendship will last forever,” he told a ceremony commemorating Chinese workers who died in the 1970s while building the Karakoram Highway, the main road to the Chinese border through the Himalayas.


After the business leaders’ meeting, President Asif Ali Zardari is to host a state banquet late Saturday. Wen addresses a special joint session of parliament early Sunday before leaving.


Pakistani Information Minister Qamar Zaman Kaira said the countries signed 13 agreements and memorandums of understanding on Friday in fields ranging from energy to railways, from reconstruction to agriculture and culture.


Kaira said China had promised to fund “all the energy projects of Pakistan,” which he termed a “major breakthrough”. Pakistan suffers from a debilitating energy crisis and produces only 80 percent of the electricity it needs.


“China will provide assistance in 36 projects in Pakistan to be completed in five years,” he said. “Basically this is a five-year development plan.”


Although not specifically mentioned, behind-the-scenes talks are expected on China building a one-gigawatt nuclear power plant as part of Pakistani plans to produce 8,000 megawatts of electricity by 2025 to make up its energy shortfall.


“The outcome of the visit is beyond our expectations. It is an historic day,” Pakistan’s ambassador to Beijing Masood Khan said Friday.


Pakistan depends on China’s financial and political clout to offset the perceived threat from rival India and rescue its economy from the doldrums of catastrophic flooding, a severe energy crisis and poor foreign investment.


Pakistan’s prime minister has expressed hope that trade will rise to between 15 and 18 billion dollars over the next five years.


China, meanwhile, has been concerned about the threat of Islamist militants infiltrating its territory from Pakistan.


Before arriving in Islamabad, Wen visited India, where he and his 400-strong delegation inked deals that will see bilateral trade double to 100 billion dollars a year by 2015.

Source: SGGP

Doosan invests US$ 1.3 billion in power plant

In Uncategorized on December 17, 2010 at 1:58 pm




Doosan invests US$ 1.3 billion in power plant


QĐND – Tuesday, December 14, 2010, 20:20 (GMT+7)

Doosan, the parent company of Doosan Vina, specialising in heavy industry and construction, has just signed a contract, valued at US$ 1.3 billion, to build a power plant in Mong Duong, Quang Ninh Province.


Doosan Vina, its subsidiary in Vietnam, already operating a manufacturing plant in the Dung Quat Economic Zone, will play an important role in the contract, according to the company.


Accordingly, Doosan will provide expertise and technology for partners in building, operating and transferring the power plant.


Representatives of Doosan also said that the project will be implemented by the company, AES-VCM and Mong Duong Power Company, in which Doosan is responsible for supplying technology and equipment to build the hi-tech power plant of Mong Duong with a designed capacity of 1,200 mW.  


The construction of the plant is expected to be finished by June 2015, the investors said.


Source: TBKT


Translated by Thu Nguyen


Source: QDND

Jury orders SAP to pay Oracle 1.3 billion dollars

In Uncategorized on November 24, 2010 at 6:50 am

A US jury has ordered German business software giant SAP to pay US rival Oracle 1.3 billion dollars in damages in a record-setting copyright infringement award.


“We’re ecstatic,” said Geoffrey Howard, a partner with the Bingham McCutchen law firm, a member of the Oracle trial team. “The jury recognized the value of the intellectual property stolen by SAP.”


Oracle attorneys called the copyright damages award the highest ever and hailed the verdict as a resounding warning that stealing intellectual property from technology companies will not be tolerated.


SAP subsidiary TomorrowNow recovered and copied massive amounts of Oracle software and confidential data by posing as clients, according to court documents.


A customized software tool dubbed “Titan” was allegedly used to plunder Oracle’s website of patches, updates, fixes and other programs crafted for Oracle’s paying customers.


SAP admitted to the copyright infringement in legal “stipulations” that cleared the way for a jury trial regarding how much should be paid to Oracle in damages.


“SAP wanted to take responsibility,” Oracle attorney David Boies said after the jury revealed its decision. “They now have the opportunity to do that and move on.”


During closing arguments in the case being held in a federal court here, SAP attorney Robert Mittelstaedt conceded the copyright infringement by SAP and focused on minimizing any damage award.


“I’m not proud of this and SAP is not proud of this,” Mittelstaedt said.


SAP will study its legal options before deciding whether to appeal the verdict or petition the judge to reduce the amount, a company spokesman told AFP in the courtroom.


SAP was interested in putting the unflattering case behind it, he added.


“We are, of course, disappointed by this verdict and will pursue all available options, including post-trial motions and appeal if necessary,” head of SAP Americas media relations Jim Dever said in an emailed statement.


“This will unfortunately be a prolonged process and we continue to hope that the matter can be resolved appropriately without more years of litigation.”


SAP could negotiate with Oracle to agree on a reduced settlement payout in exchange for not appealing the verdict.


Jurors interviewed after the verdict said that deliberations focused on how much SAP might have had to pay if it began licensing Oracle’s copyrighted technology in 2005 instead of swiping it.


Award amounts discussed by the jury ranged from 519 million dollars to three billion dollars, according to the jury foreman, who declined to give his name.


“You have something and someone takes it and uses it, they’ve got to pay,” said juror Joe Bangay, a 57-year-old auto body worker.


Jurors were convinced that top SAP executives were aware of what was taking place “every step of the way,” according to the foreman.

He doubted that testimony by former SAP chief executive Leo Apotheker would have changed the outcome of deliberations.

Apotheker avoided efforts by Oracle’s trial team to serve him a subpoena that would have compelled him to testify at trial.

Apotheker was recently hired by US computer giant Hewlett-Packard (HP) to replace Mark Hurd as chief executive, but HP refused to help track the former SAP boss down for the trial.

Apotheker was on the SAP board that unanimously approved a deal to buy US technology firm TomorrowNow, which copied massive amounts of Oracle software and confidential data by posing as clients.

No matter what amount SAP winds up paying Oracle, the case threatens to cost the German firm its reputation as a trusted vendor of business software.

“This will cost SAP moving forward,” said analyst Rebecca Wettemann of Nucleus Research. “Oracle is going to be asking whether you want to buy from an innovator or someone who is stealing others’ innovations.”

Source: SGGP

VND44 billion for flood prevention in HCMC

In Uncategorized on November 22, 2010 at 2:03 pm

Rolls-Royce wins 1.8 billion dollars Air China order

In Uncategorized on November 22, 2010 at 10:07 am