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Posts Tagged ‘fund’

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. (

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

Fund for AO victims in Hanoi launched

In Uncategorized on January 8, 2011 at 4:09 am

Fund for AO victims in Hanoi launched

QĐND – Friday, January 07, 2011, 21:31 (GMT+7)

PANO – The Hanoi People’s Committee has licensed the establishment of a fund for Agent Orange/Dioxin victims and recognised its statutes.

This non-profitable organisation, headed by Mr. Nguyen Sy Thuy, will focus activities to help AO/Dioxin victims in Hanoi.

The information was made public at a press-conference held in Hanoi yesterday by the Hanoi Association for Agent Orange/Dioxin Victims.

* The program, “Honouring Golden Hearts to AO Victims”, will be held at 8pm, on January 21st, 2011, at the My Dinh National Convention Centre in Hanoi to honour outstanding representatives from a movement to support, and campaign for justice and the rights of, more than 3 million Vietnamese Agent Orange (AO) victims.

Translated by Duy Minh


Source: QDND

Denmark to fund art education in primary schools in Vietnam

In Uncategorized on December 16, 2010 at 9:56 am

The government of Denmark approved a fund of 3.900,000 DKK (USD692) for the promotion of art education in primary schools in Vietnam.

Pham Vu Luan, Minister of Education and Training and John Nielsen, Ambassador of Denmark, sign an agreement which provides Danish support for arts education in primary schools in Vietnam  from 2011 – 2015 ( Photo: Courtesy of Denmark Embassy)

Pham Vu Luan, Minister of Education and Training and John Nielsen, Ambassador of Denmark December 14 signed an agreement which provides Danish support for arts education in primary schools in Vietnam  from 2011 – 2015.

An earlier pilot project implementing a new approach to arts education in six different provinces in Northern Vietnam has been tremendously successful.

Support to Arts Education in Primary Schools has brought a new learner centred approach to develop the creative skills of Vietnamese children. This method focuses on a child’s cognitive thinking and draws active participation.

The aim of the new program is to apply new methods and materials in primary schools in Vietnam and develop a focused approach towards art education in primary schools. The program would follow a national curriculum of art education in primary schools which would be more learner-focused.

The signing of the agreement comes after a Memorandum of Understanding (MoU) which was signed by the Vietnamese and Danish minister of education and training. The MoU signifies the broad scale of educational activities between Vietnam and Denmark.

During the signing ceremony, Mr. Pham Vu Luan expressed his pleasure with the results of the early phase of the project and hoped that this innovative approach towards teaching could be applied in other subjects in schools in future.

The Danish Ambassador John Nielsen stated that the first phase of the project had been highly successful and that he was pleased to see that the agreement added another milestone to the increasing cooperation between Vietnam and Denmark in the field of education.

Source: SGGP

State to fund trade promotions

In Uncategorized on November 24, 2010 at 6:21 am

State to fund trade promotions

QĐND – Tuesday, November 23, 2010, 20:54 (GMT+7)

At least half of the total cost for national trade promotion programmes is to be funded by the State budget.

The funding – part of a newly-issued prime ministerial decision – will be spent on all trade promotion programmes intended to develop exports and further exploit the domestic market, especially in mountainous, border and island areas.

Under the decision, the development of networks for the distribution of domestic goods and services to the highlands, border zones and islands will be fully funded by the State budget.

In addition, the State will provide complete funding for programmes to advertise and promote the consumption of Vietnam’s goods, especially agricultural produce, in those regions.

The Prime Minister has approved a plan to disburse about 16 billion VND (842,000 USD) from the State budget on trade promotion programmes in border regions this year, said deputy director of the Ministry of Industry and Trade’s Mountainous Area Trade Department Nguyen Van Hoi.

Under the newly-issued decision, funding will also be made available for overseas fact-finding trade missions; international export expos in Vietnam; the examination and research of the domestic market; building a goods-and-services database; short-term business training courses and the forming of retail networks.

Seventy percent of the costs for trade information, market research and the establishment of databases for key export markets will be covered by the decision.

Programmes intended to promote Vietnam’s goods and services in rural and urban areas as well as industrial zones will be entitled to the same aid.

Exhibitions of materials and equipment for agricultural and rural development will be entitled to 50 percent of organisational costs.

Minister of Industry and Trade Vu Huy Hoang said that there had been 56 national trade promotion programmes costing 72 billion VND (3.7 million USD) approved this year.

Source: VNA

Source: QDND

BIDV sets up fund with Russian partner

In Uncategorized on November 2, 2010 at 1:43 pm

Central province receives fund to build gratitude houses

In Uncategorized on August 16, 2010 at 11:21 am

Sai Gon Giai Phong Newspaper on Sunday handed out VND1.5 billion (US$75,000) to Ha Tinh Province People’s Committee for a fund to build 50 houses of gratitude. The newspaper also presented 100 scholarships, VND2 million each, to provincial authorities.

Logo of program Nghia Tinh Truong Son

The funding came from the Bank for Foreign Trade of Vietnam (Vietcombank) through the newspaper charity program Nghia Tinh Truong Son (Sentimental Attachment for Truong Son Road).

The program is designed to support war invalids and martyrs’ families and students, who live along Truong Son Road in the central province of Ha Tinh.

At the funding presentation ceremony, SGGP and Vietcombank representatives handed fund to build four houses of gratitude, worth VND30 million ($1,500) each to four families including Tran Thanh Hai, Pham Hong Xuyen, Tran Van Tho and Vu Van Thanh.

SGGP’s representatives also offered more ten houses of gratitude, which were financed by Phong Phu Corporation, worth VND300 million ($15,000) for war invalids and martyrs’ families and poor people in the province.

Source: SGGP

Hanoi sets up a reserve fund for victims of natural disasters

In Uncategorized on August 6, 2010 at 3:21 pm

Hanoi sets up a reserve fund for victims of natural disasters

QĐND – Friday, August 06, 2010, 20:47 (GMT+7)

The Hanoi People’s Committee has allowed the Northern Foodstuff Corporation and the Hanoi Trade Corporation to disburse in advance VND 100 billion in reserve goods and foodstuff for emergency aid to people in natural calamity-hit areas during this year’s stormy and rainy season.

The sum, drawn from the city’s financial reserve fund, will be used to buy rice, instant noodles or dry provisions, candles and drinking water for people in the regions hit by natural disaster in the city.

The Department of Industry and Commerce and related agencies are in charge of the scheme to ensure stable life for local people in the stricken areas.

Also the Department of Industry and Commerce has a responsibility of supervising of the use of the reserve fund for the right purposes and ensure the refund is on time.

Source: Dantri

Translated by Mai Huong

Source: QDND

Miss Huong Giang presents US $12,000 to the ”Dream of Thuy” Fund

In Uncategorized on August 1, 2010 at 7:20 pm

Miss Huong Giang presents US $12,000 to the ”Dream of Thuy” Fund

QĐND – Sunday, August 01, 2010, 21:5 (GMT+7)

Miss Tran Thi Huong Giang has handed over US $12,000 collected from the auction of the painting “Miss World Circle of Hands” (US $10,000) and donation from benefactors to “Dream of Thuy” Fund.

The sum will be used to build a new playground for children with cancer, being treated in the Ho Chi Minh City Tumor and Cancer Hospital.

The handover ceremony took place right after Miss Huong Giang received the crown and certificate of Miss Grand Slam Asia 2009 presented by Mr. Edwin Dominguez, a representative of Global Beauties Organisation on the evening of July 30th in Ho Chi Minh City.

Miss Huong Giang is the first Vietnamese beauty to win such a title from the Global Beauties Organisation.

The beauty of Vietnam has been also named the Smile Ambassador of the Operation Smile Organisation and the Strong-will Ambassador for “Dream of Thuy” Programme initiated by the Youth Newspaper.

Source: TTO

Translated by Mai Huong

Source: QDND

BP agrees to $20 bln oil spill fund

In Uncategorized on June 18, 2010 at 4:30 am

WASHINGTON (AFP) – An “unprecedented” string of failures triggered the Gulf of Mexico oil spill, BP’s chief executive will argue Thursday, a day after his firm pledged at least 20 billion dollars in compensation.

Tony Hayward is to testify before angry US lawmakers Thursday, a day after he and BP Chairman Carl-Henric Svanberg were summoned to the White House for talks with President Barack Obama.

An activist dressed as death holds an oil covered globe June 16, 2010 during a demonstration in Washington, DC. AFP

In addition to agreeing to fund a 20-billion-dollar compensation account, the British firm said it would pay no more shareholder dividends this year, as it tries to meet the bill from the disaster.

Flanked by somber-looking BP executives, Svanberg pledged that compensation claims would be handled “swiftly and fairly.”

“We have made clear from the first moment of this tragedy that we will live up to all our legitimate responsibilities,” he said.

“We will look after the people affected, and we will repair the damage to this region, the environmental damage to this region and to the economy.”

In a surprise move, he announced a 100-million-dollar foundation to help unemployed rig workers.

But his charm offensive backfired when his statement that BP cares about the “small people” was received as condescension, forcing him to issue an apology for having spoken “clumsily.”

The compensation fund will be run by prominent lawyer Kenneth Feinberg, who managed compensation claims by victims of the September 11, 2001 terror attacks, and will be overseen by a panel of three judges who can hear appeals.

“BP has agreed to contribute 20 billion dollars over a four-year period at a rate of five billion dollars per year, including five billion dollars within 2010,” a White House statement said.

“This account is neither a floor nor a ceiling on liability,” the statement said, adding BP would not seek to take advantage of the 75-million-dollar federal liability cap for oil companies.

The announcement represented a major victory for Obama, who has come under fire over his handling of a disaster that has raised questions about his leadership and threatened to damage his presidency.

It was also welcome news for the thousands whose livelihoods are threatened by the spill.

“It is probably the best news I’ve gotten since this thing started. It gives us some security for the future,” Brent Roy, whose fishing charter business in Venice, Louisiana has been shut down for a month, told AFP.

For BP, the pledge comes amid speculation about the firm’s financial health.

Obama sought to reassure investors, saying he was “absolutely confident BP will be able to meet its obligation to the Gulf Coast and to the American people.”

“BP is a strong and viable company and it is in all of our interests that it remain so,” he said.

But the scale of the company’s difficulties was hinted at Wednesday when chief financial officer Byron Grote announced that it planned to offload 10 billion dollars of assets.

Analysts said BP, which has already spent some 1.6 billion dollars battling the spill and made a profit of around 14 billion dollars in 2009, should be strong enough to weather the storm even if it has to borrow more.

“Regardless how the payments mechanically happen, BP has the financial strength to fund it,” said Jason Gammel of Macquarie Research. “They have enough cash flow and quality assets that will allow it to fund that type of liability.”

British finance minister George Osborne told the BBC on Thursday that BP was a “very strong company” and has the resources to cover the costs of the Gulf of Mexico oil spill.

The firm’s final liability will be tied to the amount of oil still spewing into the ocean each day, with US experts now putting that figure at between 35,000 and 60,000 barrels.

BP is containing an average of 15,000 barrels a day of oil, which is being siphoned up to two processing ships on the surface. It hopes to increase that amount significantly in the coming weeks.

But the leak is not expected to be permanently capped until August, when one of two relief wells being drilled is complete.

On Thursday, according to prepared testimony, Hayward will tell lawmakers that the explosion aboard the BP-leased Deepwater Horizon rig that sparked the spill was virtually impossible to predict.

“I understand people want a simple answer about why this happened and who is to blame,” Hayward said.

“The truth, however, is that this is a complex accident, caused by an unprecedented combination of failures.”

Hayward will also tell lawmakers he is “personally devastated” by the spill.

“The explosion and fire aboard the Deepwater Horizon and the resulting oil spill in the Gulf of Mexico never should have happened — and I am deeply sorry that they did.”

Source: SGGP

Fund set up for charitable works

In Uncategorized on June 5, 2010 at 10:28 am

A fund was set up to conduct charity works on June 4 in Hanoi.

The Fund’s charitable community of Internet users in Vietnam (Viet Nam -VNIF Internet User Community Foundation), a nonprofit organization, operates on a voluntary basis, self-funding to serve the purpose of humanitarian assistance, charity, education, improving quality of life and social and human resource building for the development of the country.

Miss  Mai Phuong Thuy appears at the ceremony as the fund’s goodwill ambassador

This fund will be an important portal to help charities, sponsorships, social centers, other organizations and philanthropically-minded individuals who wish to meet with beneficiaries of funds easily.

The fund was introduced by its president Le Hong Minh, (CEO of the VNG Company), and Miss Mai Phuong Thuy, the fund’s goodwill ambassador.

Starting with VND2 billion, VNIF will receive more financial assistance from the VNG Company’s staff, as well as other benefactors.

The fund will help disabled, homeless and poor children in distant regions, unfortunate persons, diseased people, the elderly without relatives, dioxin agent victims and residents of disaster-hit areas.

The fund will conduct projects to support unable persons to integrate into society with the aid of technology. For instance, the fund organizers will launch a competition in June to seek for measures and IT products to help disabled people and will give computers to unfortunate people, teach them internet literacy so they may keep in touch with society.

VNIF also provides scholarships to kids from lower income families who have earned good grades in school.

As VNIF’s goodwill ambassador, Miss Vietnam 2006 Mai Phuong Thuy said she will spend more time on charitable works and she will call on gamers and internet users to contribute by conducting activities to help disadvantaged people in the society.

Source: SGGP