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Cold weather remains unabated for next ten days

In Uncategorized on January 12, 2011 at 7:15 am

A bitter cold wave covered northern Vietnam on Sunday, lashing it with rain and cold northeasterly winds. The National Hydro Meteorological Forecasting Center predicted these conditions would last for a further ten days.


The temperature has dropped to less than 8-9 degrees Celsius in Hanoi and remained below 0 degree Celsius in the mountainous provinces of Lang Son and Cao Bang.


The northern provinces of the central region have also suffered bitter cold winds.


It is expected that the biting cold weather will prevail over northern Vietnam on January 11 and 14 and icy and snowy conditions may cover the Mau Son mountaintop and also other places in the mountainous region.


The entire belt from Da Nang to the southern part of the central region has been affected by this bitter cold wave.


Meanwhile, the Central Highlands and southern regions will continue to experience extreme cold at night and during the early hour of morning. The prevailing temperatures will hover around 18-20 degrees Celsius.

Source: SGGP

Nguyen Hue Flower Street readies for Tet

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

Nguyen Hue Flower Street readies for the annual Tet festival in Ho Chi Minh City from January 31 – February 6 (December 28 – January 4 on the lunar calendar).

The annual flower show will take place on Nguyen Hue Boulevard. (Photo:KK)

The much awaited annual flower show has been divided into various segments this year with exotic names like Vietnamese Spirit, southern Tet holiday, New advance, Peaceful Spring, Time of the season and Humane garden.


The main boulevards like Nguyen Hue, Le Loi, Dong Khoi, and Le Duan will be specially decorated with thousands of colorful lights from January 26 to February 14. Offices and shops located on these streets will decorate the front of their buildings.

A series of music performances, dragon and kylin dances will be organized at hotels like Caravelle, Rex, Majestic, Grand, Continental, Kim Do, Oscar, Bong Sen and Palace from January 31 to February 6.

Firework displays will be held at seven locations around the city and telecast live on Ho Chi Minh City Television on New Year’s Eve.

The areas near to CARIC Company, a French Shipyard & Ship repairing Company in District 2, the construction area of the political and administrative center of District 7, Go Vap District’s Cultural Park, Nga Ba Giong Memorial area of Heroic Martyrs in Hoc Mon District, Ben Duoc Temple of Heroic Martyrs in Cu Chi District, Ethnic Culture historical park in District 9 and Dam Sen Cultural Park in District 11 and Can Gio District have been marked as locations for spectacular fireworks display.

A street book festival titled “Dream” featuring readings and discussions will also be held on Mac Thi Buoi Street in District 1 from January 31 to February 6.

Another festival, the Banh Tet (cylindrical glutinous rice cake) festival will take place on January 26 – 31 (December 23 – 28 on the lunar calendar).

The organizers include Saigon tourist Travel Service Company, Dam Sen Cultural Park and the HCM City Department of Labor. War Invalids and Social Affairs department will hand over 10,000 cakes to disadvantaged children from shelters and open houses in the city on January 31.

Source: SGGP

Quota for sugar imports cut down

In Uncategorized on January 12, 2011 at 7:06 am




Quota for sugar imports cut down


QĐND – Saturday, January 08, 2011, 20:36 (GMT+7)

The Ministry of Trade and Industry has recently decided the quota for sugar imports in 2011 in Circular 45/2010/TT-BCT.


Under the circular, Vietnam will import 250,000 tons of sugar in aggregate in 2011, down 50,000 tons from 2010.


The circular states that domestic businesses will be allowed to import 150,000 tons of fine sugar and 100,000 tons of crude sugar as materials for domestic sugar processing in the year.


The quota will then be distributed to importers, including both businesses and traders.


According to estimates from the Ministry of Agriculture and Rural Development, the total 2010-2011 sugar production would reach 1 million tons and the market should need another 250,000 tons.


Alongside the sugar import quota, the Ministry of Trade and Industry also defined the quota for salt imports.


Accordingly, the permitted total salt imports in 2011 will be 100,000 tons, including salt for cooking and industrial purposes.


Source: Vneconomy


Translated by Thu Nguyen   


Source: QDND

Outstanding groups and individuals for AO victims to be honoured

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




Outstanding groups and individuals for AO victims to be honoured


QĐND – Tuesday, January 11, 2011, 21:36 (GMT+7)

PANO – 99 outstanding groups and individuals from movements and campaigns in support of more than 3 million Vietnamese Agent Orange (AO) victims will be honoured at the program, “Gratitude to Golden Hearts to AO Victims”, to be on air at 08.00pm, on January 24th, 2011, on Vietnam Television’s S9 studio.


Among the honoured selected by the Vietnam Association for Victims of Agent Orange/Dioxin (VAVA) and its branches in cities and provinces nationwide, are General Vo Nguyen Giap and the late Professor Tran Van Giau.


Addressing a recent press conference in Hanoi, Senior – General Nguyen Van Rinh, Chairman of the VAVA, said the program will be a great encouragement to millions of AO victims and their families as well as organisations and individuals at home and abroad to continue their support to the victims.


According to Colonel Le Cuong, a member of the organizing board, it was not easy to select outstanding figures as thousands of local and foreign groups and individuals have been actively engaged in movements and campaigns supporting Vietnamese AO victims.


The program will be broadcast live on VTV and VTC channels, local TV channels of HCMC, Binh Duong, Dong Nai, Lam Dong and Lao Cai provinces. The event is jointly organised by the VAVA, the Southeast Asian Research Association of Vietnam (SEARAV), the People’s Police Newspaper, the ASEAN magazine, and the ASEAN C&C Company.


Duy Minh


Source: QDND

Millions of flowers and plants for Tet

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




Millions of flowers and plants for Tet


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

Flower growers and gardeners in Cho Lach District in the southern province of Ben Tre are preparing 4 million flowers and bonsais of different kinds for the coming Tet holidays. Mr. Bui Thanh Liem, Director of the district’s Agriculture and Rural Development Office said most of them are domestic products.


The District is expected to provide nearly all demands, except some kinds of foreign flowers imported from China and Thailand.


* Meanwhile, Da Lat City’s flower exports have not increased compared to previous years, said Mr. Tran Huy Duong, Chairman of the Da Lat Flower Association, at a recent seminar on agriculture.


There is only 5% of the City’s output to be exported to foreign markets due to lack of investment, small-scale production and ineffective plans.


Source: TT&TP


Translated by Duy Minh


Source: QDND

Northern residents struggle for their livelihood in icy weather

In Uncategorized on January 12, 2011 at 7:04 am

People in the northern region have experienced much hardship caused by the extreme cold weather, with temperatures continuing to remain below 10 degree Celsius.

Hanoians near the To Lich river trying to keep warm by lighting a fire (Photo: Van Phuc)

Yesterday morning female porters along the Nhue River bank in Hanoi had not found any work due to the cold weather condition. As a result, they gathered and made a fire to keep warm.


Similarly, some women from the Xuan La Commune, Tay Ho District, were found huddle together, trying to keep warm instead of searching for shellfish in the Tay Lake as usual although the price of a kilogram of shellfish has skyrocketed from VND11,000 to VND20,000 a kilogram.


Elsewhere in Tu Liem District, thousand of people start work early at 1am in order to harvest their vegetables and flowers. This is to ensure that their products will be sold at the markets on time.


Mountainous regions see cattle die in the hundreds


Loc Binh District in Lang Son Province, on Sunday reported a lot of cattle die from the cold weather. The worst affected area was in Mau Son Commune, where temperatures fell to -1 degree Celsius, causing dead to hundreds of buffalos. Most of the cattle were old or calves.


Local resident Nguyen Thanh Lan said many traders have come to Mau Son in order to buy the dead cattle. The prices were VND200,000-300,000 for a calf and VND1 million for a buffalo.


Lan further said, that if the cattle had lived they would fetch a price of VND3-5 million and VND10 million, respectively.


Early in the New Year, over 50 buffalos from the Pac Nam District of Bac Kan Province, were found dead, due to cold weather condition. The provincial governor did at that time instruct local farmers to move their cattle out of the district, aiming to find more appropriate shelter for the animals.


People in the provinces of Ha Giang, Lang Son, Cao Bang and Bac Kan are very concerned that if the cold weather continues, more cattle will die.


Related article:
Cold weather killing cattle

Source: SGGP

Capital to spend equivalent $10 million for Lunar New Year welfare

In Uncategorized on January 12, 2011 at 7:04 am

The Hanoi People’s Committee has decided to spend nearly VND200 billion (US$10 million) on purchasing gifts to help the vulnerable groups in society.

Hanoi authorities will spend VND20 billion to help the poor during the Lunar New Year holidays. (File photo)

The Tet gifts will be given to the poor, lonely seniors and welfare beneficiary families; in order that they too can enjoy a happy Lunar New Year, which begins on February 3.


Nguyen The Hung, deputy director of Hanoi Department of Labor, Invalids and Social Affairs, said the department is making every effort in ensuring that no person goes hungry, during the Tet holidays.


During the Tet holidays, more than 730,000 people will be offered gifts. These will include 1,000 old men, over the age of 100, and over 148,000 poor families.


Furthermore, the People’s Committee will use subscriptions in order to help disabled people enjoy the Tet holidays. Additional money will be given to orphans and the poor.


The capital will also give gifts worth VND100,000 to each drug addict; and each cadre will receive gifts worth VND200,000 each in rehabilitation centers.

Source: SGGP

Children’s fund looks to $2 million funding for the needy

In Uncategorized on January 12, 2011 at 7:03 am

The National Fund for Vietnamese Children has said that it will try to raise VND40 billion (US$2 million) in order to carry out programs and help disable children of Vietnam this year.

 

Representatives from the National Fund for Vietnamese Children offer gifts to disable children in flood-hit region. (Photo:nfvc.org)


The fund will organize three programs which will be broadcast live on television. The event on television hopes to raise money, from various individuals and organisations, in order to help disadvantaged children.


In another ceremony, which will be held at the Presidential Place in Hanoi, 55 outstanding children that have faced extreme hardship, will be honoured.


Furthermore, the fund will offer 2,500 scholarships to children in 63 cities and provinces, and in addition, give away 5,000 lifebuoys to children that live near rivers and waterways.


The fund also hopes to build 10 new projects and provide fresh water in over 10 cities and provinces around Vietnam. The project will also build five new schools and support 70 individuals that need heart operations in Vietnam.


Last year, the fund raised over VND90 billion ($4.5 million) and helped one million poor and disable children across the country.

Source: SGGP

Don’t blame Preval for Haiti crisis: 1st Lady

In Uncategorized on January 8, 2011 at 12:03 pm

He’s been accused of rigging the election of his successor, but Elisabeth Preval, wife of the outgoing Haitian president, says her husband’s not to blame for the country’s political mess.


As Haiti prepares to mark the first anniversary of the earthquake that leveled the impoverished Caribbean nation, President Rene Preval has the difficult job in his final weeks of presiding both over a natural disaster and electoral turmoil.


His wife told AFP that despite this he will be remembered positively.


“It’s not Preval who created the poverty and misery in Haiti. To the contrary, he worked for five years to create stability,” she said in an interview.


“Political stability is an important achievement that he left the country,” she said. “And this should be protected so that economic growth and social development get a longterm chance.”


Not all Haitians would agree.


The country, reeling from years of poverty, the deadly 2010 earthquake and a cholera outbreak, now finds itself in yet another round of political turmoil as candidates from a November presidential election bicker about who should go to a second round.


Supporters of the candidate that placed third believe Preval’s handpicked candidate, Jude Celestin, cheated in order to come second, clinching a spot in the run-off vote.


The third place candidate, popular singer Michel Martelly, singled out Preval for rigging the vote and demonstrators set fire to the ruling INITE party’s headquarters in December.


As yet, no decision has been taken on when to stage the run-off round — originally set for January 16 — and, as a result, Haiti finds itself in political chaos just when it needs leadership.


The first lady, who married Preval only a few months before the earthquake, says her husband can’t be blamed.


“Thanks to his political acumen, he has steered around the problems in the country, and brought together opposing groups for dialogue,” she said.


“Haiti was going in the right direction (before the quake). In December 2009, the key indicators showed positive economic growth, political stability, an easing of social conditions and growing investor confidence,” Elisabeth Preval said.


President Preval is due to step down February 7. He says he could stay in power as long as there is no clear successor.


“I am very anxious because the stability of Haiti is in danger if hte electoral crisis is not calmly resolved,” Elisabeth Preval said.


However, she insisted that her husband had no desire to hang on.


“The president and I have finished. There is only a little time left in his mandate. I can assure you that President Preval is determined to leave as soon as the new president and new parliament take office.”


“His role,” she added, “is to protect stability.”


 

Source: SGGP

Bitter end for acquired firms listing on stock market

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

Investors always expect that the mergers and acquisitions will bring booming time to their firm’s businesses, but many acquired enterprises are in red after the acquisition. 

Two investors discuss the stock market’s moves at the Ho Chi Minh City Securities JSC (Photo:Minh Tri)

Korea’s retailer Lotte announced its 40 percent stake in Vietnam’s confectionery firm Bibica (BBC), but some brokers said the actual holding is more than 51 percent, which put the Korean firm into the positions of chairman and financial manager in the candy maker’s board of directors.


The acquisition helps boost Bibica’s businesses and competitiveness, analysts said. However, Bibica is still miles behind the confectionery giant Kinh Do (KDC) in term of marketing, which is the most important skill in the candy industry.


Therefore, Bibica may not be among the great deal for both long-term and small-time investors, experts said.


Similarly, beverage firm Tribeco (TRI) incurs constant losses in seven years after Kinh Do bought its control stake. The firm now almost does not stand a chance to compete with both local and foreign rivals, including Tan Hiep Phat and Pepsi. Many brokers, therefore, put Tribeco into “Don’t buy” list.


Brokers and financial experts also pay high attention to mergers and acquisitions of securities enterprises, which are alongside banks to be the two main factors of the financial market.


However, the mergers and acquisitions in the last three years were ineffective as none of brokerages showed any improvement. The competitiveness of brokerages remains low, experts noticed.


“A company failing to beef up its acquired ones’ businesses will struggle to buy control stakes in other firms. Investors are hesitate to buy shares in big earning companies with low dividend rates and share prices treading water,” said a broker of a HCMC-based securities.

Source: SGGP