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Campaign to follow Uncle Ho’s moral life

In Uncategorized on November 27, 2010 at 2:50 pm

Campaign to follow Uncle Ho’s moral life

QĐND – Saturday, November 27, 2010, 21:42 (GMT+7)

The “Study and follow Ho Chi Minh’s moral example” campaign has made great impacts on society and gained important initial outcomes, said Party General Secretary Nong Duc Manh.

The Party Chief, who is also the Head of the Central Steering Committee for the campaign, made the affirmation at the committee’s meeting in Hanoi on Nov. 26.

According to Manh, the campaign has continuously created clearer and stronger changes in work styles of Party members and State officials and raised their sense of following the late President’s example in the field.

The campaign has also helped drive back degradation in political ideology, ethics and lifestyle of Party members, State employees and the entire society, said the Party Chief.

He emphasised that the campaign had contributed significantly to the country’s accomplishment of socio-economic tasks as well as to building the Party purely and strongly and organising the party committee congresses at all levels successfully to prepare for the Party’s XIth National Congress.

Steering Committee members agreed that after four years of implementation, the campaign had become an important facet of all operations of the Party, the administration, and mass organisation at all levels, and made positive changes in awareness in Party members and people.

They also underlined the need to create a high level of consensus in the Party and the entire political system, firstly with those who hold key positions in all branches at all levels, on the significance, importance, goals, requirements, content and responsibility regarding the implementation of the drive.

In addition, they said the content of the campaign must be specific and combined closely with political tasks in each period and stressed the necessity to step up the spread of information on Uncle Ho’s moral example and outstanding individuals in the campaign.

Source: VNA

Source: QDND

Asian stocks follow Wall Street down on poor US homes data

In Uncategorized on June 23, 2010 at 4:32 am

Investors sold Asian stocks on Wednesday as the optimism over China’s move to make its currency more flexible was replaced by concerns over the global economy caused by weak US housing data.

A foreign exchange dealer passes by an electronic board at the head office of Korea Exchange Bank in Seoul on June 21, 2010. (AFP Photo)

Hong Kong was 0.13 percent lower, Tokyo shed 1.69 percent by the break and Sydney fell 1.15 percent while Singapore dropped 0.64 percent. Shanghai slipped 0.73 percent.

Wall Street was off 1.43 percent after figures showed the property market in the world’s biggest economy was struggling.

Existing-home sales fell 2.2 percent in May after two consecutive rises, the National Association of Realtors said Tuesday, despite support from a government tax-incentive programme.

The report “suggests that there may be greater fundamental weakness in housing demand than anticipated”, said Celia Chen at Moody’s

“The optimism we saw a few days ago has been snuffed by that weak US home sales data,” BBY senior institutional trader Peter Copeland told Dow Jones Newswires in Sydney.

The euro fell back as traders became more risk averse because of the falling stock markets.

The single currency bought 1.2245 dollars and 110.87 yen in Tokyo morning trade, down from 1.2270 and 111.12 in New York late Tuesday. The dollar slipped to 90.44 yen from 90.54 yen.

Regional markets soared on Monday after Beijing’s weekend announcement that it would allow the yuan to strengthen against the dollar.

However, that optimism faded the next day on the realisation that there would not be any major near-term changes to the foreign exchange controls by the Chinese government.

On Tuesday US Treasury Secretary Timothy Geithner welcomed China’s announcement but called for “vigorous implementation” of the move.

“The yuan-dollar rates have not moved much since the announcement. This confirmed anew that the Chinese authorities are aiming for an extremely gradual liberalisation of the currency system,” Credit Suisse said in a report.

China’s central bank let the yuan weaken Wednesday, setting the central parity rate — the centre point of its allowed trading band — at 6.8102 to the dollar, 0.18 percent weaker than Tuesday’s 6.7980.

Eyes will now be on the end of a two-day policy meeting at the US Federal Reserve, where analysts will be looking for clues to the state of the economy.

Chinese shares were also hit after the government said it would scrap an export tax rebate on some commodities including metal products and chemicals, dealers said.

The removal of the rebate, from July 15, aims to reduce excess capacity in certain sectors by discouraging exports and comes after Beijing said it would ban capacity expansion plans in the steel industry as of the end of 2011.

Oil was lower. New York’s main futures contract, light sweet crude for delivery in August dropped 68 cents to 77.17 dollars a barrel, while Brent North Sea crude for August was off 70 cents to 77.34 dollars.

Gold opened at 1,240.00-1,241.00 US dollars an ounce in Hong Kong, up from Tuesday’s close of 1,236.50-1,237.50 dollars.


Source: SGGP

Banks follow central bank, raise interest rates

In Vietnam Banking Finance on December 9, 2009 at 1:40 pm


Customers at a Techcombank branch, HCMC. Several banks have hiked deposit and loan interest rates after the central bank increased the prime rate to 8 percent. (Photo: SGGP)

After the State Bank of Vietnam increased the prime rate to 8 percent, several commercial banks have hiked deposit interest rates to a maximum of 10.49 percent.

Interest rates on US dollar deposits have also climbed by 0.3-0.7 percent to a maximum of 4.5 percent. 

Credit interest rates have also gone up — by 0.5-2 percent in case of dong loans to 11–17 percent, and 0.3-0.5 percent in case of dollar loans to 5.5-7.5 percent on short-term loans and 6-8 percent on medium- and long-term loans.

Many commercial banks have begun to resume selling of foreign currencies to help stabilize the forex market, the central bank said.

Source: SGGP Bookmark & Share

Melamine levels for food to follow WHO

In Uncategorized on December 9, 2008 at 5:17 pm

Hanoi (VNA) – The Ministry of Health is preparing a melamine standard for food.

The amount will be set following a World Health Organisation (WHO) finding that 0.2 milligrammes of the chemical per kilo of body weight per day is tolerable.

This means that a 50 kg person can safely consume 10mg of melamine daily.

“ Vietnam will now consider a safe limit for melamine based on careful calculations,” said the ministry’s Food Hygiene and Safety Department director Nguyen Cong Khan.

It will then publicise the allowed amount,” he said.

The department’s deputy director, Nguyen Thi Khanh Tran, said the ministry had yet to allow any amount of melamine in food.

But the Ministry of Agriculture and Rural Development’s recently announced limit of 2.5 mg of melamine in each kilo of animal feed was reasonable.

The WHO limit is lower than that in some industrialised countries.

The European Union’s limit is 0.5mg per kg of body weight and Canada ’s, 0.35mg.

WHO Vietnam representative Jean-Marc Olive said any country that set a melamine limit should sign an agreement with export countries to ensure the limit is honoured.

Importing countries should ask export countries to regularly check and supervise quality and licensing, he said.

Samples taken from the imports should be regularly tested.

Melamine is added to food to artificially boost its protein levels but too much can cause kidney damage.-

Baptists asked to follow the nation

In Uncategorized on October 14, 2008 at 12:09 pm

HA nOi — Deputy Prime Minister Pham Gia Khiem said he expected the Viet Nam Baptist Church (southern) to unite its dignitaries and followers in the nation’s common cause following its recent recognition by the Government as a religious organisation.

Receiving dignitaries from the Viet Nam Baptist Church (southern) in Ha Noi yesterday after the church received a certificate recognising its legal status, Deputy PM Khiem said Viet Nam placed great value on the right to religious freedom and provided conditions for religions to operate in line with the law.

Chairman of the Executive Board of the Viet Nam Baptist Church (southern), Pastor Nguyen Thong, thanked the State and relevant agencies for their care for the operation of the church, confirming that he would encourage Baptists across Viet Nam to do good for both their religion and nation.

The Viet Nam Baptist Church was established as a branch of the An Dien-Nam Phuong (Grace-southern) Baptist Church in 1989. It has more than 18,000 followers across 42 cities and provinces.

This is the third Protestant church to have been recognised as a religious organisation in Viet Nam since the Ordinance on Belief and Religion took effect in 2004. —

As food prices fall, sales follow suit

In Uncategorized on August 19, 2008 at 5:10 pm

HCM CITY — The price of essential foods, input materials and petrol has dropped but sales have fallen by 20-30 per cent, according to city trade officials.

Trade officials forecast that prices of other products will continue to drop in coming months, benefiting from a price drop in materials and transportation.

To increase sales, several supermarkets and companies have launched sales promotions offering 20-30 per cent discount on 300 kinds of goods, including fresh food, consumer goods and household appliances.

Big supermarkets such as Sai Gon Co-op, Maximark, Citimart and Vinatex are outlining plans to organise annual sales promotion in September. They are offering 10 per cent discounts, lucky draws and gifts with purchases.

Animal products processing company Vissan and other food processors have agreed to drop the price of canned food and processed food by 10 per cent to increase sales turnover next month.

Last week, the price of poultry meat dropped sharply by 15-20 per cent to VND35,000 a kilo. Pork, fish, and shrimp also saw a 10 per cent fall in price. A kilo of lean pork was sold at VND 55,000 a kilo.

Vegetables and fruit are also falling in price, with some dropping as much as 25-30 per cent.

Truong Van Viet, deputy director of the city’s Industry and Trade Department attributed the result to the city’s efforts to stabilise commodities’ prices in line with the Goverment’s decision to control inflation in the last months of the year.

He said the department had proposed that the city provide VND409 billion (US$25 million) to trading companies so they could stockpile food, particularly rice, sugar, meat, poultry eggs, cooking oil and processed foods.

The city has strengthened inspection of markets and supermarkets to prevent speculation and price hikes and will improve wholesale and retail sales and distribution networks so goods are offered at official prices. A litre of petrol fell by VND1,000 to VND18,000 on Thursday following a record increase of 31 per cent on July 21. Prices of input materials such as steel, fertilizers and cement dropped as well. —