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Posts Tagged ‘grow’

Exports may grow 20 percent this year, experts say

In Uncategorized on October 13, 2010 at 7:52 am

Based on the export performance in January-July and the number of contracts recently signed with foreign partners, the country may achieve an export growth of up to 18-20 percent this year, twice the target set by the National Assembly, experts said.

The textile and garment sector may achieve an export growth of 18-20 percent, while the footwear industry may see its export turnover increase by 15-16 percent this year, Diep Thanh Kiet, vice chairman of the Association of Garments, Textiles, Embroidery and Knitwear forecast.

Businesses in the woodwork processing sector have accelerated their efforts to fulfill orders from foreign partners, in order to meet the sector’s export target of US$3 billion this year.

Artisans make art handicraft products for export at Quan Quan Co.

In the first seven months of the year, the prices of many export commodities increased, especially those of crude oil, coal, rubber, rice, tea, pepper and cashew.

Export markets also expanded in the period, with exports to countries in Asia, the US and Europe increasing by 48 percent, 23 percent and 15 percent respectively.

The period saw 11 export items achieve an export turnover of over US$1 billion each, including textiles and garment, crude oil, footwear, seafood, rice, coffee, steel and iron, woodworks, machinery and equipment, computers and parts thereof, and precious stones and metals.

In the last quarter of this year, exports are likely to increase sharply and the prices of some key export items may continue rising, according to the Minsitry of Industry and Trade.

Many textile and garment companies are facing a shortage of workers, finding it hard to fulfill orders they have received from foreign importers, Mr. Kiet said.

Lacking workers together with an increase in prices of imported materials have diminished profit in many woodworks exporters, experts said, adding that some businesses have planed to set up bonded warehouses in foreign countries to accelerate exports and cut down expenses.

Meanwhile, exporters of seafood and farm produce are facing a shortage of both workers and materials.

In addition, possible anti-dumping actions by foreign companies is also one of the biggest chellenges to domestic businesses in some industries. Therefore, the Competitiveness Management Department has set up an early alert system that monitors developments in key markets to minimize the risk of anti-dumping actions agaisnt domestic businesses.

To help exporters boost growth, the State should assist them in expanding export outlets and obtaining more capital for business purposes. In addtion, the product price and market forecasts should also been stregnthened to assist exporters in preparing export plans effectively.

Source: SGGP

Good films grow from literary roots

In Uncategorized on August 3, 2010 at 11:18 am

Scripts are the bridge between literature and movies. Many famous literary works have been adapted into films, which have been become classics in the movie world. Vietnamese writers have made outstanding contributions in development of the film industry of the country.

Actor Ngoc Ngoan and singer Nhat Kim Anh take roles of poet Nguyen Du and Ms. Cam in the film Long Thanh cam gia ca.

Vietnamese well-known literary works have been turned into movies that have successfully attracted audiences. Examples include: Vo chong A Phu (Mr. and Mrs. A Phu) by To Hoai, Tat den (Blowing out the flame of oil lamp) by Ngo Tat To (adapted into the film Chi Dau – Mrs. Dau), Chi Pheo by Nam Cao (adapted into the film Lang Vu Dai Ngay Ay – Vu Dai Village in the Old Time), Chua Dan (Dan pagoda) by Nguyen Tuan and Tuong Ve Huu (Retired General) by Nguyen Huy Thiep and more.

Modern examples include Trang noi day gieng (Moon in the Bottom of the Well) by Tran Thuy Mai, Canh dong bat tan (The endless field) by Nguyen Ngoc Tu and others. Some of them have won local and international awards.

The Vietnam Television Film Production Center has adapted books Ma lang (The ghost of village) by Pham Ngoc Tien, Bi thu tinh uy (The provincial party committee secretary) by Van Thao into TV series.

“The scriptwriter must understand and identify with the novels’ content and characters deeply as well as be inspired by the books to turn them into films,” said scriptwriter Tran Thuy Mai.

Writer and director Van Le said that he was inspired profoundly by the great poet Nguyen Du’s poem titled Long Thanh cam gia ca (Song of string instrument player in Thang Long), which tells a story of tribulation experienced by a woman named Cam, adapting the poem into a film by the same name.

There are many writers whose works have been turned into movies, including Nguyen Quang Sang, Chu Lai, Nguyen Khac Phuc, To Nhuan Vy, Nguyen Nhat Anh, Nguyen Thi Minh Ngoc, Tram Huong, Vo Phi Hung and Nguyen Thu Phuong.

Some of them have become popular scriptwriters, such as Nguyen Manh Tuan, Nguyen Quang Lap and Van Le.

Insiders hope that this connection between literature and movies will create more and better Vietnamese film scripts.

Source: SGGP

Hopes grow for breakthrough in Thai political crisis

In Uncategorized on May 4, 2010 at 4:27 pm

BANGKOK, May 4, 2010 (AFP) – Thailand’s fugitive ex-premier Thaksin Shinawatra called for reconciliation Tuesday as his supporters considered an offer by the premier to hold November elections to end a political crisis.

Leaders of the anti-government “Red Shirt” protest movement said Tuesday they were seriously considering Prime Minister Abhisit Vejjajiva’s proposal, raising hopes of an end to the crippling standoff.

Hinting at a possible breakthrough in the long-running impasse between the government and his supporters, Thaksin said he hoped that “good things” would happen on Coronation Day on Wednesday, calling it an auspicious date.

“Reconciliation is good for everybody,” he said in a phone-in to a meeting of the opposition Puea Thai Party. “Today, don’t think about the past but look to the future. That is how national reconciliation will happen.”

Many of the “Red Shirt” anti-government protesters who have been staging rallies in Bangkok since mid-March are seeking the return of the telecoms tycoon-turned-politician, hailing his policies for the masses.

Leaders of the mostly poor or working-class Reds, whose rallies in Bangkok are in their eighth week, earlier gave a cautious welcome to Abhisit’s proposal but said they needed more time to discuss it.

“For the sake of the struggle for democracy, we will discuss and listen to our people who are on the frontline,” Jaran Ditha-apichai, a senior Red Shirt, said from a rally stage in the city’s commercial heart.

The movement said that it wanted to be sure the proposed roadmap had the full backing of ruling party lawmakers and their coalition partners in the government before deciding whether or not to accept it.

“We will discuss among more than 20 leaders whether or not to accept it, but initially I agree with one of the proposals — to end the deadlock in a non-violent way,” said another Red Shirt leader, Nattawut Saikuar.

A series of bloody clashes between the demonstrators and security forces in Bangkok have left 27 people dead and nearly 1,000 people injured in the country’s worst civil unrest in almost two decades.

The authorities are ready to discuss an amnesty for protest leaders, who have been defying a ban on rallies under a state of emergency in the city, according to a government source.

“The government wants to create a good climate and end the protests. Details will be discussed later. However, one of the topics that will discussed is related to an amnesty,” the source told AFP, asking not to be named.

Thai Prime Minister Abhisit Vejjajiva answers questions from the press after the weekly cabinet meeting at a military base in Bangkok on May 4, 2010. AFP photo

Abhisit said Monday his proposal to hold elections on November 14 was subject to all parties agreeing to his reconciliation roadmap.

The British-born, Oxford-educated head of the establishment Democrat Party does not have to go to the polls until the end of next year.

Some observers say that when he does face the people, his failure to connect with the rural masses means he faces a tough battle against the pro-Thaksin forces that have won every election for a decade.

Abhisit’s party came to power via a parliamentary vote in 2008 and for Pavin Chachavalpongpun, a Thailand expert at the Institute of Southeast Asian Studies in Singapore, it will be “very difficult” for him to win an election.

“Because he represents the Bangkok elite, it’s hard to win the hearts and minds of the people in the north and northeast,” the analyst said. “Meanwhile Thaksin remains hugely popular in those regions.”

Abhisit last month rejected a compromise offer by the Reds to disperse if elections were held within three months. In March he had offered to hold elections by the end of the year but protest leaders rejected that proposal.

The Red Shirts have fortified their sprawling protest site in the city’s main shopping district with barricades made from piled-up truck tyres, razor wire and bamboo stakes.

In recent days, however, a weary air has descended on the rally area, which is strewn with garbage.

Many of the protesters have been sleeping on the streets for weeks with little or no shelter and fatigue appears to be setting in, along with the start of the rainy season, which brought heavy downpours to the capital Tuesday.

Source: SGGP

ASEAN could grow 5.5 percent in 2010: IMF

In Uncategorized on April 8, 2010 at 11:46 am

NHA TRANG, Vietnam, April 8, 2010 (AFP) – Economic growth across the 10-member Southeast Asian bloc could reach 5.5 percent this year, the IMF said Thursday, outpacing the global average.

“We are expecting world growth to be around four percent this year. In the ASEAN region, we are expecting growth at 5.5 percent this year,” IMF deputy managing director Naoyuki Shinohara said on the sidelines of ministerial talks.

The Association of Southeast Asian Nations collectively grew by just 1.3 percent in 2009 as it was buffeted by the global financial crisis.

Flags of Southeast Asian Nations (ASEAN) are seen flying at Hanoi’s Noi Bai international airport where ASEAN leaders keep arriving to attend the 16th ASEAN Summit on April 8, 2010. AFP photo

The region groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

China, a key dialogue partner, is attending the finance ministers’ talks being held in the central city of Nha Trang while the group’s leaders are meeting in Hanoi from Thursday for a two-day summit.

But Shinohara said the ongoing controversy over China’s pegging of its currency had not been raised at the talks.

The United States is continuing to press for an appreciation of the Chinese yuan to stem the tide of cheap imports to its shores.

Source: SGGP

Cries grow faint under Haiti rubble

In World on January 15, 2010 at 9:18 am

Almost 48 hours after the shattered concrete ceiling of her cousin’s dress store crashed down upon her, Maryse’s faltering cries galvanised a crowd of rescuers digging through the rubble.

A woman feeds her child under makeshift tents across the street from the presidential palace in Port-au-Prince on January 14, 2010, two days after an earthquake measuring 7.0 on the open-ended Richter scale hit the Haitian capital. (Photo: AFP)

Young men — bystanders and volunteers — began to scrabble ineffectually at the twisted but still massive net of concrete chunks and steel reinforcement rods trapping Maryse and the corpses of her friends and neighbors.

International aid flights had begun to arrive at Port-au-Prince’s airport, but on Thursday, two days after Haiti’s most disastrous earthquake, most citizens of its devastated capital could rely on no-one but themselves.

Signs of life from Maryse and at least one more young woman spurred a group of volunteers to action in one city center street, but without heavy lifting gear and trained rescue teams they had little hope of success.

“They’re going to die. They’re going to die,” spat 30-year-old accountancy student Jean Rald Rocher, fiddling with the paper face mask that was his only protective gear as he dug for rotting corpses under reinforced concrete.

Rocher’s cousin, Ruth Esperance, was killed in the quake, and now he works with the disorganized gangs of young men hunting through the rubble.

He and others howled with impotent rage as four-by-four trucks with diplomats and aid workers rode past without stopping, neither to help free Maryse nor to gather up the rotting body of her friend, Line Louis-Pierre.

According to the owner of the house that plunged into the store, 52-year-old teacher Domeck Mathurin, at least three more women and girls lay dead in the wreckage and AFP reporters at the scene heard faint cries.

It’s the tragedy of one street, in a ruined city where every street has its own row of fly-blown corpses and crowds of wandering refugees, seeking a place to lie down for the night with their few remaining possessions.

The International Red Cross said the quake has killed between 40,000 and 50,000 people, while Haitian officials have warned the overall death toll may top 100,000.

As of late Thursday about 7,000 bodies had already been buried in mass graves, according to Peruvian Prime Minister Velasquez Quesquen, who is in Port-au-Prince supervising Peru’s relief effort and met with Haitian President Rene Preval.

Haiti is often cited as the western hemisphere’s poorest country, but even amid such misery there were pockets of relative wealth. These neighborhoods, with their multi-story concrete blocks, were hit hard.

A nursing training school a few blocks from international embassies now resembles a truncated pyramid of concrete slabs, twisted steel rods and the bloated bodies of at least a dozen student nurses.

Some of them had time to huddle in each other’s arms for protection as the five-story block pancaked on top of them.

Most of their bodies now lie obscenely twisted and exposed, but on the roadside a carefully manicured hand pokes out from under a sheet, a flash of red nail varnish amid the grey dust and blackened, decaying flesh.

One of the nurses continued to cry under the rubble for a day after the earthquake, witnesses said, but none survived and their bodies lay unclaimed amid family photos and meticulously annotated lecture notes.

Perhaps the manicured hand belongs to Floride Beauchamp, whose “Peasants’ birth certificate” lies nearby, recording how she was brought into the world by her mother Suzela Beauchamp, a farmer, on March 15, 1989.

Dozens more certificates and diplomas litter the stinking debris.

“We’ve lost our identity. I don’t exist,” raged Antoine Rene, a 35-year-old accountant, whose entire life and official documents were lost in his ruined home and who was leading his wife away to seek shelter with relatives.

Many Haitians are angry at their own government’s slow response — “We have no authorities,” snorted Rene’s wife — and when they see foreign reporters they demand to know when the international community will come to their aid.

But the state has not been entirely absent. A single, immaculate red fire engine lumbered around the central district north of the presidential palace doing what it could to help the volunteer rescuers.

Summoned by local police, they intervened to put out a blaze in an abandoned general store that had threatened to spread to the modest home of 83-year-old Ludovic Jean, who cannot remember any disaster to compare to the quake.

One of the firefighters had to face tragedy of his own, however. His engine was called to his own house, where the dust-coated feet of his daughter Nadeje and her friend Maxo were found limply entwined under rubble.

Staring at her solemn face on her identity card, he blinked back tears and brushed away a reporter. “Don’t you worry about it,” he said, before heading back out to the next ruined home.

Three streets away, Maryse started to cry out. Faintly.


Source: SGGP Bookmark & Share

Retail sales grow by two percent in November

In Uncategorized on December 4, 2008 at 2:20 pm

– Vietnam brought in 89.4 trillion VND (5.3 billion USD) in total retail sales of goods and services in November, 1.7 percent higher than last month, according to the General Statistic Office (GSO).

While the country expected a drop this year, sales in the January – November period were up 6.2 percent over the same period last year, bringing in 872.57 trillion (51.9 billion USD).

Tran Thi Hang, head of GSO’s Trade and Pricing Department, said that the growth rate of 6.2 percent, however, is almost half of the 11 percent growth seen in the first 11 months of last year.

November’s growth rate is also lower than the growth rate of 3 percent one year ago.

She said that the drop was a sign of declining purchasing power.

In November, goods and services in the cultural and education sector were the highest, increasing by 2.6 percent. The increase was likely due to Teachers’ Day of Vietnam which took place on November 20.

Hang noted that as the global financial crisis has hurt Vietnamese exports and production, incomes have also taken a hit.

Poor food hygiene and safety has also affected purchasing power for food, accounting for a big segment of the national retail revenue.

Hang also attributed less purchases to many people waiting out on reductions on imported electric and refrigerator products in early 2009, when import taxes should be cut under WTO agreements.

She said that at present there is no sign of increasing shopping until the end of the year, and sales would likely not increase like they did at the same time last year.

Nguyen Minh Thu, marketing manager of Thien Nam Hoa Electric and Interior Products Centre in Ho Chi Minh City , said that the consumption of electric and interior products at present has only reached 90 percent of what it was this time last year, even though producers have been pushing trade promotion programmes to boost sales.

Other areas are also being hit.

“Purchasing power at Hapro’s supermarkets have increased over the last few days compared to last month,” said Doan Thi Thanh, deputy director of Hanoi Supermarket Company (Hapro). “But it is not the same as it was last year because people are tightening their belts.”

Thanh said that purchasing power this year would be the same as last year and she expected to work with producers and distributors to reduce prices to boost purchasing power by the end of the year and early next year for Tet.

Nguyen Phuong Thao, general director of Maximark Cong Hoa in HCM City said that supermarket revenue has increased mainly thanks to essential goods, including food and consumption goods. The increase of revenue is partly due to an increase in prices and not an increase in purchasing power.-

Cambodia’s economy to grow slowly next year

In Uncategorized on November 6, 2008 at 12:50 pm

Phnom Penh (VNA) – The Cambodian government has said the country’s economic growth for 2009 would slow to 6.5 percent after years of double-digit expansion.

The global economic crisis has hit exports and investment, already lowering growth over the first nine months of this year to an average of 7 percent, and the downwards trend will continue on into the new year, Finance Minister Keat Chhon said.

The slowdown follows a drop in garment purchase orders from the United States, the principal market for Cambodia’s textile sector, he added.

“The purchasing power of US and EU consumers has declined due to turmoil in the financial markets, and this has caused international trade to slow,” Minister Keat Chhon was quoted by the Phnom Penh Post as saying.

He said that he expects garment production to remain stable, but with manufacturers accepting lower profit margins.

Cambodia has seen economic growth double since 2004, primarily due to robust garment exports, rising tourism and agricultural diversification, according to figures from the Cambodia Institute of Development Study.

Life insurance market forecast to grow 15 percent

In Uncategorized on August 26, 2008 at 2:36 pm

Hanoi (VNA) – Vietnam ’s life insurance market is promising in spite of recent ups and downs, said Lam Tuan Hai, General Director of ACE Life, while talking about ACE Life’s impressive growth of 131 percent in Vietnam in the first six months of this year.

Realising the potential of Vietnam ’s life insurance market, many foreign insurers have launched investment activities in Vietnam such as setting up companies or rep. offices and changing trademarks.
In mid-July, the Republic of Korea ’s leading life insurance company, Samsung, marked its debut in Vietnam by opening a rep. office in Hanoi . It is working to map out a strategy to penetrate into the Vietnamese market.
The RoK Life Insurance Company, a member of the Han Wha Group, has been licensed to set up a rep. office in Ho Chi Minh City , which is expected to make debut in the first quarter of next year.

Cathay Life, Taiwan ’s largest life insurer, also put into operation a subsidiary company in Vietnam with a chartered capital of 600 billion VND (36 million USD). Cathay Vietnam General Director Peter Lai said it is time to invest in the Vietnamese insurance market, especially life, accident, annual allowance, health and investment risk insurances.

AIA Vietnam, a big name in the local life insurance market, has changed its name to AIG Life Vietnam in order to create a new kick-off for its long-term development strategy in the country.

Up to the present, nine foreign businesses have involved in the Vietnamese life insurance market and the number is expected to swell in 2009, revealed Deputy Finance Minister Tran Xuan Ha.
In the first half of 2008, the total revenue from life insurance premium exceeded 5 trillion VND (303 million USD), up 13.6 percent over the same period last year.

According to the Vietnam Insurance Association, the local people’s improved living conditions and businesses’ service diversification will speed up the development of the insurance market, which is forecast to enjoy a 15 percent growth rate this year.-