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Dong Nai 3 Hydroelectric Power Plant’s first turbine in operation

In Uncategorized on January 12, 2011 at 7:08 am




Dong Nai 3 Hydroelectric Power Plant’s first turbine in operation


QĐND – Saturday, January 08, 2011, 20:30 (GMT+7)

Dong Nai 3 Hydroelectric Power Plant’s first turbine was officially put into operation on January 8 in Dac Giong district, Dak Nong province, in the presence of Deputy Prime Minister Hoang Trung Hai.  


Addressing the event, Deputy PM Hai called on Electricity of Vietnam (EVN) and the management board of Dong Nai 3 Hydroelectric Power Plant to ensure the turbine’s safe operation and efficiency. He urged them to run the second turbine of the plant in the first quarter in 2011 so that Dong Nai 4 plant can start working by the end of this year.


Deputy PM Hai suggested the EVN should continue to work in close coordination with localities to take care of people’s resettlement.


The construction of Dong Nai 3 Hydroelectric Power project began in 2004. Its total investment capital was VND6,000 billion. It consists of two turbines and produces over 600 million kW per hour every year.


The plant will serve to limit floods in the area, create a water source for Dong Nai 4 Hydroelectric Power Plant and provide water for agriculture use. It is also one of emulation activities to celebrate the coming 11th National Party Congress.

Source: VOV

Source: QDND

Stock market to jump up in first half of 2011, experts predict

In Uncategorized on January 8, 2011 at 4:26 am

Vietnam’s stock market will roar back in the first half of the year on the US’s bullish market, financial experts expect.

(Photo:Minh Tri)

The stock market in Vietnam last year were effected by many macroeconomic factors, while nearby markets including Singapore, Indonesia and Thailand were boosted by the US’s financial bailouts, said M.A. Le Dat Chi, head of the financial investment faculty of the University of Economics Ho Chi Minh City.


“A part of the US$600 billion bailout of the US flew into Asian markets, especially emerging ones. It was just a small proportion for the US market, but it did make big impact to emerging markets, except of Vietnam,” Tri said.


Only investors holding control stake in listed enterprises made profits from dividends as the VN-Index dropped to 430 points in the last quarter of last year, with many shares slumping to incredible levels, he said.


“Vietnam’s stock market is at the bottom, with the ratio of dividends per share equal to 15 percent. This rate is extremely attractive to some investment funds,” the economist said.


“Besides, investors’ confidence in a successful Eleventh Party Congress with new members elected into the central committee will boost the market sentiment. Foreign investments will flow stronger into the stock market, which hit the bottom. Therefore, the market will likely to roar back in 2011.”


Statistics showed nearly the foreign indirect investments (FII) pour into the stock market last year reached $1 billion. Stabilizing the foreign exchange rate should be the top priority this year to attract more FII, Tri noticed.


The financial expert also recommended that more adequate taxes on shares will attract more foreign investors.


“Instead of asking foreigners either to pay security before entering the market or not to sell shares in at least one year, we can impose taxes on the dividend from their share investments,” he suggested


Stock market analysts also predict the market will likely to recover strongly in the first half of the year on the increase of the US market.


“The US dollar getting weaker in the first half of 2011 will be good news for the country’s stock market. However, it will be stronger again in the last half. The market’s winning run will likely to last until June, with Dow Jones Index climbing 12,600 points,”  Tri said.


Statistics showed the stock market usually climbs up in March, April and December every year.


However, the market is still carrying some risks including the US dollar getting stronger constantly, warned Pham Xuan Anh, deputy head of the brokerage BIDV-BSC’s market analysis unit.


“Standard Chartered Bank expected the foreign exchange of Vietnam dong and dollar will reach VND20,800 per dollar at the end of the year, a year-on-year increase of around 6.6 percent,” said Tri.


“The Asia Development Bank last September predicted Vietnam’s inflation in 2010 would rise to 7.5 percent, caused by a weakening dong and an increase in food prices.”


Low foreign currency reserve and large amounts of dollar and gold owned by residents would put the central bank in difficult time, Tri added.

Source: SGGP

Malaysia wins their first ASEAN Cup

In Uncategorized on January 8, 2011 at 4:14 am




Malaysia wins their first ASEAN Cup


QĐND – Thursday, December 30, 2010, 20:37 (GMT+7)

Malaysia beat Indonesia 4-2 on aggregate to win the ASEAN Football Federation (AFF) Suzuki Cup for the first time in the country’s history on Dec. 29 in Jakarta, Indonesia.


A loss of 1-2 to the hosts in the final’s second leg match could not stop Malaysia from opening a new chapter in the history of the regional football tournament which up until now had been dominated by three-time winners Thailand and Singapore.


Mohd Safee Sali opened the scoring for Malaysia nine minutes after the break. Until then Indonesia had made things difficult for their opponents, attacking aggressively with a view to levelling the three-goal deficit they faced after the first leg match.


The talented player who scored twice in the semi-final against Vietnam got his goal after he received a long-range pass and shot truly into the net.


The goal made him the top striker of the tournament with five goals to his name.

Indonesia, with their President watching on, found their equaliser in the 71st minute when defender Mohammad Nasuha scored from near the edge of the box.


His team doubled their tally 17 minutes later when Muhammad Ridwan scored his third goal at the tournament. His strong shot deflected off a Malaysian player before entering the net.


Malaysia is surprise winner of the tournament. At the previous championship two years ago they were ousted in the qualifying round.


This time they were placed in the ‘group of death’ together with Thailand and Indonesia and after their humiliating 1-5 loss to hosts Indonesia in the group stage, no one gave them a chance.


The team, which only made it through to the knockout stage after Thailand, the most powerful team in Southeast Asia, was eliminated from the championship.


However, after that they had a complete reversal of form. First there was a great 2-0 victory over defending champion Vietnam in the semi-final and then a 3-0 victory over Indonesia in the final’s first leg on Dec. 26.


It has been be a very successful year for Malaysia with two important titles going to them in the last twelve months. Last December Malaysia defeated Vietnam 1-0 to claim the Southeast Asian Games Cup.


The Dec. 29 match did not help Indonesia’s coach Alfred Riedl shake off his ‘Mr Silver’ moniker. Once again, he pocketed a silver medal, just as he has done on every single occasion he has taken a team to a tournament final. The previous occasions were when he worked with Vietnam several years back.


Source: VNA


Source: QDND

First Forestry Festival to be held in Vietnam

In Uncategorized on December 21, 2010 at 9:29 am




First Forestry Festival to be held in Vietnam


QĐND – Monday, December 20, 2010, 21:48 (GMT+7)

Vietnam’s first timber and forest product festival will be held in Quy Nhon City, Binh Dinh province from March 26-29.


So far 12 provinces and cities, 125 businesses planning 350 stalls, consulates and businesses from the Netherlands, the UK, France, Japan, China and Russia as well as other international organisations have all registered to take part in the event.


The information was released at a press briefing in Quy Nhon City on December 20 by the Ministry of Agriculture and Rural Development, the Ministry of Industry and Trade, the Ministry of Information and Communications, the Ministry of Culture, Sports and Tourism, the Vietnam Timber and Forest Product Association, the Binh Dinh provincial People’s Committee and the Dat Vo Media and Advertising Company.  


During the festival, there will be a Vietnamese timber and forest product exhibition, a Vietnamese ornamental plant festival, two seminars on forestry, trade promotion activities, and a ceremony to honour outstanding people in the forestry sector and present forestry Guinness records. There will also be outdoor art performances, a cultural and cuisine festival, a drawing contest, a photo exhibition on forest protection, and a badminton tournament for timber and forest product businesses.


Vietnam earned US$310 million from timber exports in November 2010, up 29.56 percent against November 2009, and bringing the total export value in 11 months to more than US$3 billion.


Source: VOV


Source: QDND

The first Job Fair in Ninh Binh to be opened

In Uncategorized on December 21, 2010 at 9:28 am




The first Job Fair in Ninh Binh to be opened


QĐND – Monday, December 20, 2010, 21:48 (GMT+7)

PANO- On December 19th, the Ninh Binh’s Department of Labor- Invalids and Social Affairs and the Province’s Centre for Job Introduction opened the first Job Fair 2010.


The fair provides over 11,000 job opportunities for job seekers and over 5,000 vocational training courses from more than 30 businesses in Ninh binh and other provinces. 17 businesses received applicants directly and 30 others received online applications.


The Ninh Binh Job Fair will open seven days a week and peak day is on 20th day of every month at the No. 11 on Le Hong Phong Street, Ninh Binh City and at the website http://www.vieclamninhbinh.vn.


Translated by Van Hieu


Source: QDND

Vietnamese students bag first gold medals at AUG-15

In Uncategorized on December 17, 2010 at 1:59 pm




Vietnamese students bag first gold medals at AUG-15


QĐND – Friday, December 17, 2010, 20:53 (GMT+7)

Vietnamese students won their first medals on Dec. 16 at the on-going 15th ASEAN University Games (AUG-15) in Chiangmai, Thailand.


In the first day of competition, karatedo martial artists bagged two golds in the kata (performance) events for single women and men’s team and two silvers in the same events for single men and women’s team.


Also in the day, the table-tennis team surpassed Malaysian and Myanmar rivals in the qualifying round to berth a place in the next round and the beach volleyball team defeated Singaporean team 2-nil.


The Vietnamese team with two golds and two silvers is standing first in the medal tally, while Indonesia and Laos are runners-up. The host Thailand is ranked fourth with two bronzes, followed by Malaysia.


The AUG-15 will last until Dec. 23. The Vietnamese team competes in eight out of 17 sporting events, including athletics, pencak silat, football, swimming, table tennis, Taekwondo, karatedo and beach volleyball.


Besides sports competition, the students will also join in exchanges and tours to boost the mutual understanding between students of ASEAN countries.


Source: VNA


Source: QDND

Cashew export value to reach 1b USD for first time

In Uncategorized on December 16, 2010 at 9:26 pm




Cashew export value to reach 1b USD for first time


QĐND – Thursday, December 16, 2010, 21:3 (GMT+7)

The cashew industry is expected to top the 1 billion USD mark in export value this year for the first time, helping the country maintain its position as the world’s leading cashew exporter for the fourth consecutive year, the Vietnam Cashew Association (Vinacas) says.


The industry was predicted to export 198,000 tonnes of cashews, earning 1.14 billion USD for this year, said Nguyen Thai Hoc, Vinacas chairman. Exports would jump by 11.8 percent in volume and 34 percent in value against last year.


A year-on-year increase of 32 percent in value to 1.5 billion USD was projected for next year, Hoc said.


“It might be difficult to hit this target because the industry may lack raw materials and workers for processing export products. It may also have to struggle due to low product diversification and increased processing costs.”


“However, Vinacas hopes that the business environment at home and abroad will help the industry reach next year’s target,” he added.


The association had already completed a draft development strategy for the cashew industry by 2015 and towards 2020 to submit to the Government and other relevant ministries and sectors, Hoc said.


According to the Ministry of Agriculture and Rural Development, the industry exported 179,000 tonnes of cashew in the first 11 months of this year, worth 1 billion USD, a year-on-year increase of 11 percent in volume and 31.9 percent in value.


The average export price of Vietnamese cashew jumped by 27 percent to 6,000 USD per tonne compared with the same period last year, said Hoc.


Vietnam ‘s cashew nuts are exported to 52 countries and territories, including the United States , China and the European Union.


Source: VNA


Source: QDND

First commercial flight from Far East lands at Cam Ranh

In Uncategorized on December 16, 2010 at 2:29 pm




First commercial flight from Far East lands at Cam Ranh


QĐND – Thursday, December 16, 2010, 21:3 (GMT+7)

The first commercial flight from Vladivostok city, Russia , by the Russian carrier Vladivostok Air landed at the Cam Ranh international airport in the central province of Khanh Hoa on Dec. 15.


Another flight left Cam Ranh for Vladivostok the same day, marking the launch of a direct air route between the two cities.


The airline said two similar flights will be conducted between another Far East city, Khabarov and Cam Ranh on Dec. 16.


According to Vladivostok Air, 14 flights will be conducted on the two routes from mid-December through to March, with two flights every two weeks in the immediate future. The airline will use TU 240 aircraft on the routes, which target Russian tourists who want to escape from serve winter in the Far East . Khanh Hoa boats the famous resort city of Nha Trang with warm weather and sunny beaches.


Cam Ranh Airport ’s authorities pledged to halve the charges on landing and services for Vladivostok Air in the initial period.


Nearly 10 four and five star hotels and resorts in Nha Trang have also agreed to reduce their prices by between 20-50 percent for Russian tourists flying to Nha Trang on the new routes.


Cam Ranh Airport became an international airport in December 2009 and has recorded an average annual growth rate in passenger numbers of 21 percent, the highest rate in Vietnam.


Source: VNA


Source: QDND

GE constructs US$1 million first training laboratory for Vietnamese students

In Uncategorized on December 16, 2010 at 9:38 am

GE inaugurated its first training laboratory at University of Technical Education (UTE) in Ho Chi Minh City on December 9 in response to a growing demand for the education of Vietnam students to the power industry.

Representatives of GE and university at the inauguration ceremony ( Photo:GE Courtesy)

The training center contributes to GE’s efforts in improving education opportunities for Vietnamese students. In addition the long established program ‘Scholar-Leader Scholarship’ as well as Vietnam – US Education Task Force were sponsored by GE Foundation, the philanthropic organization of the General Electric Company.

The new laboratory is a high-tech facility for students, which they will be trained on the most advanced and ‘up to date’ Electrical Distribution and Control Equipment.


The total investment of this training center is over US$1 million. It helps with the integration of electrical equipment and systems, used in power distribution. It also protects and controls residential, commercial and industrial applications.

The equipment was donated by several businesses of GE. It is estimated that the newly opened center will attract more than 100 students per day.


Mr. Luis Ramirez, – CEO & President of GE Industrial Solutions said, “We are very excited that GE could help Vietnam students. It was great to find the students eager to study and find out how our equipment is manufactured, assembled and operated. Our initiative of establishing a training center was based on their requests, which has now turned into reality.”

Attending this inauguration were: Luis Ramirez – CEO & President of GE Industrial Solutions, along with James Fisher – CEO & President of GE Industrial Solutions Asia Pacific, Stuart Thomson, Bobby Lubana – General Manager SEA, GE Industrial Solutions  and Nguyen Dinh Manh Chien – Country Manager, Indochina of GE industrial Solutions, Le Thanh An, the US Consulate General in Ho Chi Minh City, Do Quoc Anh – Director General, Director of the Representative Agency of Ministry of Education & Training in the South and the faculty and the students of UTE.

Source: SGGP

Vietnam secures first ASIAD gold medal

In Uncategorized on November 26, 2010 at 1:51 pm




Vietnam secures first ASIAD gold medal


QĐND – Friday, November 26, 2010, 20:40 (GMT+7)

Vietnam’s thirst for gold at the 16th Asian Games was quenched on November 25 as martial artist Le Bich Phuong defeated Japanese world champion Kobayashi Miki 4-3 in the 55kg division of the women’s karate competition.


Miki took the lead first, then Bich Phuong gained a 1-1 draw in the tense final at the Guangdong gymnasium. With an excellent blow, Phuong later scored three points to make it 4-1.


The world champion was determined to gain more points during the remaining time but scored only an additional two points.


Source: VOV


Source: QDND