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Posts Tagged ‘continue’

Petrol import taxes continue decreasing

In Uncategorized on December 24, 2010 at 4:23 am

Petrol import taxes continue decreasing

QĐND – Thursday, December 23, 2010, 20:33 (GMT+7)

The Ministry of Finance (MoF) has decided to cut petrol import taxes from current 12 percent to 6 percent from February, 2010.

According to the decision, import taxes for diesel will also enjoy a new import tax of 2 percent instead of the present 5 percent tariff. In line with the decision to use the petrol price-stabilising fund, this is part of the MoF’s response to petrol businesses’ request to cut import taxes as the world’s petrol prices are still very high.

This is the third time petrol import tariffs are cut in 2010.

Source: VOV

Source: QDND

Rains to continue in south central region

In Uncategorized on November 18, 2010 at 1:57 pm

Socio-economics continue positive development

In Uncategorized on November 7, 2010 at 4:50 pm

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

Storms continue ravaging central provinces

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

Storms continue ravaging central provinces

QĐND – Sunday, October 17, 2010, 20:41 (GMT+7)

Over the past three days, central provinces from Nghe An south to Quang Nam saw heavy rains. Nghe An, Ha Tinh and Quang Binh reported a rainfall of up to 600-700mm.

Ha Tinh is facing the worst flooding of the Ngan Sau river in a century with rainfall in its Huong Khe district hitting 800m. The 12 districts and city of Ha Tinh have been badly flooded and. Huong Khe and Vu Quang districts are completely submerged.

On the morning of October 17, many households in the outskirts of Nghe An’s Vinh city were 0.2-1.5m deep in water.

Floods caused traffic congestion on National Highways 1A, 15A, and Ho Chi Minh, and many provincial roads in Ha Tinh. Many of these roads were submerged at many points; some were even under 2.5m of water. Many tracts of National Highways 15 and Ho Chi Minh in Quang Binh were also submerged under 0.5-2m of water.

In Thua Thien-Hue, whirlwinds destroyed 60 houses of the local Pahy and Van Kieu ethnic minority groups, killing one man.

Ha Tinh reported two deaths, including a pupil swept away by floodwaters.

All motorboats of the local police, border guards, and the Military Zone No 4 have been deployed to rescue and evacuate local people and provide them with instant noodles, rice, drinking water and lamps.

The National Centre for Hydrometeorological Forecasting reports the rivers in Nghe An, Quang Binh, Quang Tri, Thua Thien-Hue and Quang Nam provinces are rising alarmingly.

Meanwhile, Bui Le Bac, an official of the Ha Tinh provincial committee for preventing floods and storms, said that it continues to rain which creates many complications.

Source: VOV

Source: QDND

Power supplies continue to be a problem

In Uncategorized on August 6, 2010 at 3:19 pm

Power supplies continue to be a problem

QĐND – Friday, August 06, 2010, 20:44 (GMT+7)

Electricity of Vietnam (EVN) on August 5 announced that power supplies this month would continue to face difficulties due to unpredictable weather patterns and repairs under way on many of the country’s thermal power plants.

According to EVN estimates, this month, the power sector could generate an average 300 million kWh per day, 1 million kilowatts higher than July, but the national grid had no capacity for reserves.

EVN said that by the end of July, although water levels in reservoirs in the north had improved, reservoirs in the central area of the country were still lower than average levels in previous years.

In particular, water levels in the Ialy, Tri An, Thac Mo and Ham Thuan reservoirs had been closer to levels at which hydro-power plants could no longer operate. The water level in the Tri An Reservoir was only 0.1m higher than dead level at which point it was no longer safe to operate turbines, while the difference at the Thac Mo Reservoir was just 0.5m.

Therefore, to ensure stable electricity supplies for production and consumer use, EVN had asked their hydropower plants in the north to accumulate water to as high levels as possible, continue increasing capacity of coal-and oil-based thermal power plants and buying electricity from China.

In the first seven months of the year, EVN produced 33.15 billion kWh and bought from abroad 21.70 billion kWh, an increase of 5.59 percent and 38.52 percent on the same period last year.

Source: VNA

Source: QDND

Vietnam’s stock markets continue marching south

In Uncategorized on July 21, 2010 at 3:25 pm

Movements of VN-Index on July 21. (Photo:’s benchmark VN-Index on July 21 continued to make corrections, despite a rally on international stock markets and positive macroeconomic news.

The shares of 247 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange retreated 0.23 percent, or 1.16 points, to close at 505.4 points. The index slid as most blue-chips dropped, while investors sold penny-chips heavily to book profits.

82 stocks gained, 125 declined and 44 remained unchanged.

Liquidity on the southern market significantly improved, as around 50 million shares changed hands, at a value of VND1.47 trillion.

Vinh Son – Song Hinh Hydropower Joint Stock Company (VSH) topped the list of most active shares by volume with 1.75 million shares changing hands.

Vien Dong Investment Development Trading Corporation (VID) tagged along with 1.7 million shares, followed by Sao Mai Construction Corporation (ASM) with 1.52 million shares.

Nari Hamico Minerals Joint Stock Company (KSS) slumped 37.62 percent, falling to VND39,300. The company will sell 12.39 million shares to increase its chartered capital to VND241.9 billion, of which 11.8 million shares will be sold to current shareholders at a price of VND12,000 per share. The rest will be sold to its employees at a 1:1 ratio.

Chuong Duong Beverages Joint Stock Company (SCD) closed down 5 percent to VND30,400.

Lilama 10 Joint Stock Company (L10) sank 4.91 percent to VND38,700.

Ha Tien Transport Joint Stock Company (HTV) and My Chau Printing & Packaging Holding Company (MCP) advanced 5 percent to VND27,300 and VND14,700 respectively.

From July 23 to September 23, Tran Minh Huy, chief accountant of Ha Tien Transport Joint Stock Company (HTV), registered to sell all 3,000 shares to cover his children’s tuition fees.

Binh Duong Construction and Civil Engineering Joint Stock Company (BCE) added up 4.98 percent to VND23,200.

The Hanoi-based HNX-Index fell 1.18 points, or 0.74 percent, to 158.97 points. Trading volume reached 48.6 million shares, worth VND1.33 trillion.

The UPCoM-Index lost 1.34 points, or 2.36 percent, to 55.56, as of 11:05 am local time. Around VND11.3 billion was spent to trade 524,270 shares.

Source: SGGP

Heat wave, drought continue to hit northern, central regions

In Uncategorized on July 6, 2010 at 4:17 pm

Heat wave, drought continue to hit northern, central regions

QĐND – Tuesday, July 06, 2010, 20:42 (GMT+7)

The northern and central regions are suffering from a severe heat wave with the temperature hitting 40 degrees Celsius in some places.

The heat wave will last until July 8 and then subside. The central region is also hard hit by prolonged drought.

According to the Forest Management Department, many forests in the provinces of central region are at dangerous and extremely dangerous fire-risk levels.

Also the same day, the water level in rivers in the central and central highland region were lower than normal, causing water shortages on a wide scale at almost all provinces, said the National Hydro-Meteorological Forecasting Centre.

Source: VNA

Source: QDND

Severe heat to continue in central and northern Vietnam

In Uncategorized on July 5, 2010 at 12:11 pm

The sweltering weather will continue in the central and northern regions in the next four to five days with temperatures forecast to top 40-Celsius degrees.


A woman takes her buffalo to search for water in the Cuoi Riverbed in the northern central province of Quang Tri (Photo: SGGP)

According to the National Hydro Meteorological Forecasting Center, the northern provinces continue to be affected by a westerly hot low-pressure system as arid winds move through the central region. Both areas will experience high temperatures hovering around 35-38 degrees.

The northern central region will suffer the worst heat with some places due to see the mercury level surpass 40 degrees.

Meanwhile, the Central Highlands and southern regions will be sunny in daytime. In late afternoon and nighttime, sparse showers will roll in with thunderstorms forecast to occur in some places.

The highest temperatures in the two regions will touch 33 degrees.

Sunday was the third day that central and northern regions suffered through the latest heat wave. Residents in provinces like Hoa Binh, Thanh Hoa and Nghe An reported they felt as if in a “fire pan” with temperatures touching 38-40 degrees.

Source: SGGP

Vietnam commits to continue DaO

In Uncategorized on June 18, 2010 at 8:30 am

Vietnam commits to continue DaO

QĐND – Wednesday, June 16, 2010, 20:58 (GMT+7)

PANO – The conference “Delivering as One: Lessons from country-led evaluations and the way forward” continues with the official opening of the high-level segment on the morning of June 16th in Hanoi.

The session drew Vietnamese Prime Minister Nguyen Tan Dung, other high-ranking officials and the heads of 52 participating delegations.

Addressing the meeting, the Vietnamese Prime Minister highlighted the importance and the need to reform UN and actively implement the “Delivering as One” (DaO) initiative.

“Joining common efforts to enhance the capacity of UN in current circumstances and renew operational mechanisms of UN agencies, Vietnam is one of the 8 UN’s member nations, which have voluntarily implemented DaO since 2007,” said the Prime Minister.

“As a programme pilot country, Vietnam has been trying its best to coordinate with all parts of the UN development system over the past years and the Vietnamese Government also commit to continue its supports and efforts to implement the programmes in the years ahead,” the Prime Minister stressed.

In his speech, he also gave 3 main suggestions, as follows:

Firstly, for further success in the implementation of DaO in Vietnam and the other 7 countries, pilot nations should actively lead in the process; Governments should boost its leaderships; and the 8 pilot countries and concerned parties should together share valuable lessons and experiences.

Secondly, the United Nations should render more supports to the pilot nations and institutionalize widely agreed results from the initiative implementation.

Thirdly, the initiative should provide stable capital for the pilot nations and UN activities in the nations.    

The Prime Minister also confirmed that this conference was a good chance for UN, the 8 nations, international organizations and international community as a whole to review, evaluate results as well as share and draw lessons from the reality.

The conference closed on the afternoon of the same day after the delegates discussed a series of issues related to the initiative implementation and finally issued the Statement of Outcomes.

Thu Nguyen

Source: QDND