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Posts Tagged ‘continues’

VN continues to stabilize macro-economy, curb inflation

In Uncategorized on January 8, 2011 at 4:06 am

Deputy Prime Minister Nguyen Sinh Hung has stressed macro-economic stability and inflation curb as first, leading and consistent goals for next year.

The garment and textile sector is one of Vietnam’s key sectors (Photo: SGGP)

“This is the Government’s managing message,” the Deputy PM said at a Government conference on the implementation of the National Assembly’s resolution on socio-economic tasks and State budget for 2011 in Hanoi on Dec. 30.


Next year, he said, efforts must be made to renew growth model, step up economic restructuring, ensure social security and sustainable poverty reduction, improve people’s material and spiritual life, maintain national defense, security, social safety order as well as raise Vietnam’s position in the international arena.


In 2010, Vietnam reached targets and obtained great achievements in the context of difficulties and changes, Deputy PM Hung said, adding that the achievements and efforts of the political system helped Vietnam escape from the status of poor country and become a mid-income one.


The conference with localities, chaired by Prime Minister Nguyen Tan Dung, analysis and reviewed the outcomes and implementation of resolutions on measures to ensure macro-economic stability, curb high inflation and obtain economic growth rate of 6.5 percent in 2010.


Participants to the conference agreed that the national economy has recovered remarkably thanks to the Government’s effective management and drastic measures.


Minister of Planning and Investment Vo Hong Phuc also attributed synchronous and effective implementation of the government’s solutions to the country’s economic recovery, high growth rate and improvement of business environment.


Regarding price and commodity management and control, Finance Minister Vu Van Ninh said his ministry and the Ministry of Industry and Trade adjusted prices of electricity, petroleum in line with the market price roadmap.


Governor of the State Bank of Vietnam (SBV) Nguyen Van Giau briefed flexible and careful control of the monetary policy in order to keep growth rates of means of payment at 20 percent, credit at 25 percent, interest and exchange rate as at level as conditions and goals of the macro-economy.

Source: SGGP

Boeing keeps 787s grounded as fire probe continues

In Uncategorized on November 17, 2010 at 3:25 am

Chinese goldrush continues at Asian Games

In Uncategorized on November 15, 2010 at 6:30 am

SGGP continues relief aids to flood victims

In Uncategorized on November 11, 2010 at 8:22 am

Rescue continues as flood death toll rises

In Uncategorized on October 20, 2010 at 3:06 pm




Rescue continues as flood death toll rises


QĐND – Wednesday, October 20, 2010, 20:57 (GMT+7)

The entire 16-strong crew of a sunken fishing boat was rescued by Brunei marines off the Hoang Sa archipelago at 17h on October 19, reported the rescue force.


The Hoa Hai boat, captained by Nguyen Ngoc Sinh, was broken by typhoon Megi and lost contact with land.


The news was confirmed by Ly Son island authorities in the central province of Quang Ngai later the same day, who said Captain Sinh had telephoned his family about his and crew members’ survival. However, information on the whereabouts of the rescued fishermen has not yet been released.


The Hoa Hai boat was just one of eight fishing boats stranded in dangerous waters.


The provincial border guards command said about 411 fishing boats are still offshore and they are trying to locate and contact with these fishing boats.


Since typhoon Megi hit the central region on October 13, the death toll has reached 36.


Almost 200,000 homes have been inundated, over 8,000 ha of rice fields, 38,000 ha of crops and almost 40,000 tonnes of food in stores have been either flooded or swept away.


Domestic and international efforts have been increasing to alleviate the plight of typhoon victims.


The Vietnam Red Cross Association President, Tran Ngoc Tang, said the association has sent supplies to 12,000 victim families, which however fell far behind demand by people in flood areas.


The association on October 18 sent the third batch of urgent aid worth over VND2.1 billion (roughly US$107,000) in cash and kind to typhoon Megi victims in the three central provinces of Nghe An, Ha Tinh and Quang Binh. The aid included VND350 million in cash, 3,000 barrels of water-purifying pills, 50 tents and 3,600 barrels of daily necessities.

The Prime Minister has signed decisions to aid disaster victims in the central region.


One of the decisions allowed the allocation of VND70 billion from the 2010 Central Hedge Fund and free supply of 3,000 tonnes of rice for flood victims in the three central provinces .


The Ministry of Finance has been assigned to allocate VND20 billion to buy seedlings, domestic animals and aquatic breeds to help recover production in flood areas.


In addition, the Prime Minister has entrusted the Ministry of Agriculture and Rural Development to supply free 2,800 tonnes of rice seedlings, 200 tonnes of maize seedlings and 110 tonnes of vegetable seedlings for 15 provinces hit by the recent natural disasters, including the three central provinces hit by typhoon Megi.

The Vietnamese Embassy and the Vietnamese Community Federation in Laos have also raised over VND170 million for their flood-hit patriots.


The Vietnamese in Khammuon province have donated VND70 million to help flood victims in the central region.


The Vietnamese Embassy in South Africa has donated 5,000 Rand (roughly US$700) for flood victims in Quang Binh province.


Source: VOVNews/VNA


Source: QDND

State Bank continues to keep base rate at 8 percent

In Uncategorized on October 14, 2010 at 6:27 pm

The State Bank of Vietnam on August 25 announced it would keep benchmark interest rates unchanged for a tenth consecutive month in September to boost lending.


The base rate will stay at 8 percent from September 1, SBV said in its statement. The refinancing and discount rates will also be held at 8 percent and 6 percent respectively. The overnight lending rate in the interbank market and the lending gap in the clearing of the State Bank for banks will be at 8 percent.

Source: SGGP

Dengue fever continues to spread across Vietnam

In Uncategorized on October 14, 2010 at 6:26 pm

So far this year dengue fever outbreaks nationwide have sickened 55,430 and claimed 42 lives, officials said. Therefore, the country needs to strengthen measures to limit the outbreak of the disease.

The dengue virus is spread by the mosquito Aedes aegypti.


The worst affected region was the Central region,  Central Highlands and Mekong Delta.


According to centers for Preventive Health in locals, this year’s massive outbreak was fuelled by poor mosquito eradication efforts.


To combat and control the disease, Prime Minister Nguyen Tan Dung September 18 asked provinces and cities to implement preventative measures such as conducting environment sanitation and mosquito extermination.


Health authorities should work together with local people to raise their awareness of dengue problems and advise them to eradicate mosquitoes around their homes, officials said.


In addition, people should follow the health sector’s recommendations, such as sleeping in anti-mosquito nets, using traditional methods to exterminate mosquitoes and sending affected persons to hospitals as soon as infection occurs.


Hospitals need to prepare enough medicines and sickbeds to treat inpatients.

Source: SGGP

Tremor continues in Thanh Hoa

In Uncategorized on October 14, 2010 at 2:34 pm

Another 3 magnitude earthquake took place in Quan Son District, Thanh Hoa Province Wednesday, just three days after it suffered a little stronger quake on Sunday.

 

A corner of Quan Son town in the same name district of Thanh Hoa Province, where experiences two quakes over the last three days (Photo: Tuoi Tre)

Residents in the northern central province’s Quan Son town said that it was at noon when their houses and furniture suddenly shook, sending them rush to the road.


The tremor affected Quan Son town and neighboring communes like Son Dien, Tam Lu, Tam Thanh, and Son Thuy and but caused no considerable damage on human and property, Lo Dinh Mui, chairman of Quan Son District People’s Committee said.


In related news, a woman has been reported dead because of electric shock during a cold front triggered thunderstorm in Hanoi’s Quoc Oai District before Wednesday dawn.


A tornado developed in the thunderstorm cut the electric cables in Nghia Huong Commune with one falling onto the woman when she was traveling on the road at that time.


She was found stop breathing on the way to hospital.

Source: SGGP

National economy continues growing steadily

In Uncategorized on October 13, 2010 at 7:53 am

Vietnam’s economy will be stronger in the last months of this year and the country’s GDP is likely to reach 6.5 percent as targeted, or higher, said the Government.

Shoppers at a Co.op Mart supermarket in Ho Chi Minh City. This year’s CPI is likely to stand at around eight percent, the government says. (Photo: SGGP)

The optimistic forecast was made at the cabinet’s monthly meeting for July held on August 3-4 in Hanoi to review the first seven months and discuss talks for the rest of 2010.


The consumer price index (CPI) in July increased just 0.06 percent from June, the lowest rate so far this year.

The seven-month export turnover was US$38.8 billion, up 17.5 percent from a year earlier, with 10 export items bringing in sales of over US$1 billion each. Meanwhile, trade deficit fell to US$7.4 billion, accounting for 19.45 percent of the total export earnings.

Industrial output between January and July has increased by 13.5 percent over the same period last year.


Based on such developments, total export earnings this year may raise by 17 percent while the trade deficit rate may reduce to less than 20 percent, with the CPI likely to stand at about 8 percent.


The performance revealed that all the three goals recently set by the Government have been met, including maintaining the GDP growth at 6.5 percent, keeping the macro-economy stable and improving social security, said Standing Deputy Prime Minister Nguyen Sinh Hung at a press conference held by the Government yesterday.


He also said that the inflation has declined for two consecutive months and that the Government would take measures to stabilize prices for milk and medicine.  


In addition, the Government will apply flexible policies to the prices of petrol and oil, as one of the efforts to restrain the inflation rate to 7-8 percent this year, he said.


He also forecast that the State budget deficit would be not more than six percent this year.


He asked the Finance Ministry to work with other ministries and local authorities, especially Hanoi and Ho Chi Minh City, to prevent speculation and the unreasonable marking up prices for goods, particularly milk and medicine.


He also ordered relevant agencies to tighten controls over the price of medicine at hospitals.

Source: SGGP

National economy continues growing steadily

In Uncategorized on August 5, 2010 at 11:19 am

Vietnam’s economy will be stronger in the last months of this year and the country’s GDP is likely to reach 6.5 percent as targeted, or higher, said the Government.

Shoppers at a Co.op Mart supermarket in Ho Chi Minh City. This year’s CPI is likely to stand at around eight percent, the government says. (Photo: SGGP)

The optimistic forecast was made at the cabinet’s monthly meeting for July held on August 3-4 in Hanoi to review the first seven months and discuss talks for the rest of 2010.


The consumer price index (CPI) in July increased just 0.06 percent from June, the lowest rate so far this year.

The seven-month export turnover was US$38.8 billion, up 17.5 percent from a year earlier, with 10 export items bringing in sales of over US$1 billion each. Meanwhile, trade deficit fell to US$7.4 billion, accounting for 19.45 percent of the total export earnings.

Industrial output between January and July has increased by 13.5 percent over the same period last year.


Based on such developments, total export earnings this year may raise by 17 percent while the trade deficit rate may reduce to less than 20 percent, with the CPI likely to stand at about 8 percent.


The performance revealed that all the three goals recently set by the Government have been met, including maintaining the GDP growth at 6.5 percent, keeping the macro-economy stable and improving social security, said Standing Deputy Prime Minister Nguyen Sinh Hung at a press conference held by the Government yesterday.


He also said that the inflation has declined for two consecutive months and that the Government would take measures to stabilize prices for milk and medicine.  


In addition, the Government will apply flexible policies to the prices of petrol and oil, as one of the efforts to restrain the inflation rate to 7-8 percent this year, he said.


He also forecast that the State budget deficit would be not more than six percent this year.


He asked the Finance Ministry to work with other ministries and local authorities, especially Hanoi and Ho Chi Minh City, to prevent speculation and the unreasonable marking up prices for goods, particularly milk and medicine.


He also ordered relevant agencies to tighten controls over the price of medicine at hospitals.

Source: SGGP