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Posts Tagged ‘grows’

Insurance premium grows 20% to $1.5b year-on-year

In Uncategorized on January 8, 2011 at 4:12 am

Insurance premium grows 20% to $1.5b year-on-year

QĐND – Monday, January 03, 2011, 20:37 (GMT+7)

Total insurance premiums are estimated to have reached VND30.69 trillion (US$1.57 billion) this year, a rise of 20.3 per cent on last year, according to the Ministry of Finance’s Insurance Management and Supervision Department.

The department reported non-life insurance premiums contributed roughly VND17 trillion ($871.8 million), up 24 per cent on last year.

Life insurance premiums rose 16 per cent to VND13.69 trillion ($702 million).

This year also saw insurers pay out more than VND12 trillion ($615.4 million) in claims to institutions and individuals.

Director of the Department Trinh Thanh Hoan said next year they would streamline the existing regulations to further develop the insurance market and encourage institutions and individuals to take out insurance.

Insurers would be encouraged to provide insurance to the agriculture, forestry and fishery sectors and in remote areas, Hoan added.

He said the department also planned to submit proposals to the Ministry of Finance for licensing the establishment of 3-4 insurers and insurance brokers next year.

According to the department’s statistics, the country has 53 insurers, including 29 non-life insurers. There are also 12 life insurance and 11 insurance brokers. The country has only one re-insurance firm.

The department forecast the total insurance premium would reach VND35.29 trillion ($1.8 billion) next year, up 18.8 per cent year-on-year. Non-life insurance would see big rises of roughly 22-25 per cent to VND20 trillion ($1.03 billion) while life insurance rise would be 12-15 per cent.

General secretary of the Viet Nam Insurance Association Phung Dac Loc also believed the insurance market would experience strong growth next year as the Government had targeted a GDP growth rate of 7 per cent.

“Strong economic growth, which helps lift worker incomes, will lead to further development of the insurance market,” he said.

Loc anticipated the life insurance market would grow roughly 18 per cent next year with mixed insurance as the key product.

He said there were still plenty of domestic opportunities for insurance companies to expand, with just 5 per cent of the total population holding life insurance. Loc estimated that roughly 30 per cent of the country’s population could afford to take out insurance policies.

The Business Monitor International also reported this year that Viet Nam’s insurance market was likely to see strong growth with total premiums of up to VND58.45 trillion ($2.99 billion) by 2014. This would include non-life premiums of VND27 trillion ($1.38 billion).

Source: VNS

Source: QDND

Europe airport chaos slammed as snow misery grows

In Uncategorized on December 24, 2010 at 4:30 am

LONDON (AFP) – The EU lashed out at airports Tuesday for the “unacceptable” disruption caused by freezing weather across Europe as fresh snowfall added to the woes of thousands of stranded Christmas travellers.

Britain said it could use troops to end the disruption at London Heathrow, where passengers have been sleeping in terminals throughout four days of chaos, while Frankfurt and Dublin airports faced severe disruption.

A woman keeps warm in a foil blanket, as she waits with other passengers for flight information, outside of Heathrow Airport’s Terminal 3. AFP

The cold snap chaos also hit Europe’s rail network with long queues snaking outside the London terminal for the Eurostar train link between Britain, France and Belgium.

In Brussels, the European Commission warned snowbound airports they could face regulation unless they “get serious” and provide airlines with enough support during severe weather in future.

“I am extremely concerned about the level of disruption to travel across Europe caused by severe snow. It is unacceptable and should not happen again,” European transport commissioner Siim Kallas said.

Eurocontrol, the continent’s air traffic supervisory body, said about 3,000 flights had been cancelled across Europe on Tuesday, with similar numbers of cancellations for each of the past four days.

At Heathrow, Europe’s busiest airport, around two-thirds of flights were cancelled but the air hub’s second runway reopened late Tuesday, prompting hopes an end to the crisis was in sight.

British Prime Minister David Cameron said he had offered to use the military to help Spanish-owned British airports operator BAA, but this offer had been refused.

“The people stuck there are having an incredibly difficult time, especially just a few days from Christmas, and everything must be done to either get them on holiday or get them home safely,” Cameron told a press conference.

Despite the opening of the second runway, BAA chief executive Colin Matthews warned people not to expect the situation to return to normal immediately.

“It is good news to see aircraft taking off and landing from two runways but it’s really important that passengers understand that doesn’t mean the full schedule is going to be restored instantly,” he told Sky News television.

Anger was meanwhile mounting among passengers queuing in the cold outside the terminal buildings at Heathrow.

“I think this hurts the reputation of the whole country. The airport is the first experience you have and this is not a good experience,” Gustaf Malmstrom, 23, told AFP as he tried for a fifth day to get a flight to Stockholm.

Most of Heathrow’s five terminals were only letting in people who were flying on Tuesday morning, mainly on flights to Asia, while others had to queue outside. Workers handed out silver foil blankets and set up two heated tents.

Eurostar said it was running a restricted service and asked all customers booked to travel before Christmas to refund or exchange their tickets free of charge if their journey was not essential.

The queue of passengers stretched for more than a kilometre around the imposing St Pancras station, and Eurostar warned the chaos looked set to continue.

“It’s too early at the moment to say when we will get back to normal,” a spokeswoman told AFP.

In Germany fresh snowfall caused gridlock at the country’s main airport Frankfurt with no flights taking off or landing for around three and a half hours in the morning.

By the time it reopened at around 0800 GMT, 300 of the 1,300 daily flights at Europe’s third-largest airport were cancelled, while others were diverted to Munich.

More than 1,000 travellers spent the night at Frankfurt airport, which laid out camp beds and distributed drinks, sandwiches and soft buttered pretzels.

Many internal flights were cancelled because of the arctic conditions, prompting German train company Deutsche Bahn to announce additional services on major routes across the country to help stranded travellers.

Dublin airport grounded all flights until 0800 GMT on Wednesday after Ireland was hit by more than 15 centimetres (six inches) of snow.

In France authorities allowed the two main airports in Paris, Charles de Gaulle and Orly, to remain open around the clock to clear the backlog of delayed flights.

One hundred civil security personnel had been sent on Monday evening with 300 beds and 2,500 blankets for those still stranded at Charles de Gaulle.

Source: SGGP

Vietnam grows fast, stably

In Uncategorized on December 16, 2010 at 9:35 am

After the global financial crisis, Vietnam has fast and stably grown, said Deepak Mishra, chief economic expert of World Bank (WB) in Vietnam in Hanoi on Tuesday.

Vietnam grows fast and stably (Photo: VnEconomy)

He was stating at a press conference held before the Consultative Group (CG) Meeting 2010, which will took place in the capital city on December 7 and 8.

Vietnam could hit the target of 6.5 percent in growth rate this year as schedule, he said. However, it will also meet a lot of challenges including the skyrocket of inflation and exchange rate in the year end.

As a result, Vietnam should have measures to reduce instability of the macro economy in the first quarter next year, according to WB. The country would achieve the GDP growth of about 7 percent next year, the organization forecasted.

Related article:
CG conference to discuss sustainable development

Source: SGGP

Fire near Russian nuclear centre grows

In Uncategorized on August 13, 2010 at 11:21 am

MOSCOW (AFP) – Wildfires raging close to Russia’s main nuclear research centre have grown in size and emergency services are working round the clock to contain the blaze, officials said on Friday.

Russia has sent thousands of firefighters to douse wildfires close to its top nuclear research centre in Sarov, a town in the Nizhny Novgorod region still closed to foreigners as in Soviet times.

A Russian firefighter sprays water on a forest fire blaze at the Losiny Ostrov nature reserve in Moscow. AFP

“The fire which appeared in the eastern part of the nature reserve two days ago after lightning struck a pine tree has grown in size and now presents a certain danger,” the head of the emergencies ministry for Mordovia, Major General Vyacheslav Kormilitsyn, said in a statement.

Meanwhile the first significant rain for weeks poured down on Moscow on Friday although forecasters said the heatwave that has left tens of thousands of hectares of land ablaze and destroyed a quarter of Russian crops would continue over the next days.

Despite signs of public frustration with the authorities, a heavy police presence ensured only a few dozen activists turned out for a protest against the Moscow mayor’s handling of the crisis, several of whom were then arrested.

A dramatic storm with rain throughout the night hit Moscow. Temperatures up to 32 degrees Celsius were expected later in the day — hotter than usual but still cooler than temperatures edging up to 40 degrees recorded earlier.

There was little sign of the smog from the wildfires that had blighted the Russian capital in the last week but new reports emerged accusing the authorities of hiding the true health toll from the heatwave.

Moscow’s top health official has already said the mortality rate had doubled in the heatwave, with hundreds more deaths every day than in usual periods. However the federal authorities have refused to confirm these figures.

The Interfax news agency quoted Moscow doctors as saying they had been forbidden to give “heatstroke” as a cause of death to keep a lid on the statistics.

“We received the order not to use the diagnosis ‘heatstroke’. We are told that the statistics for heatstroke were mounting up,” one doctor told the news agency.

“There was no official order, everything is has been communicated orally,” the source added.

News website even published a picture of what it said was an informal order pinned up in a Moscow hospital saying: “Attention! Do not use the diagnosis heatstroke!”

“This is done so that the statisics, including cases of death connected with the heatwave, do not mount up,” a medical source told the website. There was no immediate official confirmation.

Several dozen activists gathered outside Moscow’s city hall Thursday evening for an unsanctioned protest against mayor Yuri Luzhkov, where they were quickly surrounded by riot police.

Around 20 people were arrested including veteran human rights activist Lev Ponomaryov and Left Front leader Sergey Udaltsov, who was prevented from joining the demonstration.

Luzhkov controversially remained on holiday as the city’s health crisis mounted, only returning on Sunday.

With the full impact of the drought and fires becoming clear, President Dmitry Medvedev said one quarter of Russia’s crops had been lost and many farms were now on the verge on bankruptcy.

Russia has banned grain exports and US government slashed its 2010-11 global supply forecasts by around 2.5 percent from last month’s estimates, on lower than expected production from the former Soviet Union.

Fires have also blazed in neighbouring Ukraine, with the emergency services working to put out a two-hectare (five-acre) peat bog fire 60 kilometres (35 miles) from Chernobyl.

But the authorities have said the situation is under control.

Source: SGGP

Fresh violence in Kyrgyzstan as humanitarian crisis grows

In Uncategorized on June 18, 2010 at 4:31 am

OSH, Kyrgyzstan (AFP) – Fresh violence including artillery fire flared in Kyrgyzstan Tuesday as thousands desperate to flee ethnic clashes pleaded in vain to pass through the sealed border into Uzbekistan.

Despite earlier claims from the country’s government that clashes were “on the wane,” an AFP reporter witnessed more than a dozen rounds of artillery fire lobbed over the centre of the southern city of Osh and heard numerous explosions.

An ethnic Uzbek mother holds her son as they wait at the Kyrgyz-Uzbek border outside a village of Suratash some 15 km to the south of Osh. AFP photo

It was not immediately clear from where the rounds were fired or where they hit. The artillery fire continued for about 45 minutes and was followed by the sounds of sporadic gunfire and armoured vehicles rolling through the city.

The continued violence came as Kyrgyzstan’s authorities withdrew a request for foreign peacekeepers, saying unrest between ethnic Uzbeks and Kyrgyz around the cities of Jalalabad and Osh was abating after clashes that claimed at least 178 lives.

The humanitarian crisis engulfing the country meanwhile continued to grow as refugees started to reveal the full horror of atrocities — including rape and torture — committed in the five days of fighting.

Several thousand ethnic Uzbeks were waiting in desperate conditions to cross the border into Uzbekistan, following the Uzbek authorities’ decision to close the frontier after accepting tens of thousands of ethnic Uzbek refugees.

Babies wailed under the beating sun, their mothers unable to evacuate them out of the country to the relative safety of Uzbekistan, an AFP correspondent at the barbed wire border post reported.

One woman in the crowd pleaded: “What do we have to do to get out of here?”

The office of the UN High Commissioner for Refugees (UNHCR) spokesman Andrej Mahecic said 200,000 people had been displaced within the country in addition to the 75,000 who sought safety in Uzbekistan.

“The humanitarian situation in the conflict zone is worsening. There are many refugees in need of help and attention,” said Kazakh diplomat Zhanibek Karibzhanov, the special envoy of the transatlantic OSCE security group.

Among those who made it across the border into Uzbekistan were three sisters, aged between 16 and 23, who had been raped in front of each other by a mob of ethnic Kyrgyz men and were rendered speechless, said Mukaddas Majidova, a doctor in the Uzbek town of Khoja-Obod.

“These girls were raped recently and by a lot of men and for several hours, according to their injuries,” she told AFP. Another man was tortured with scalding water and knife wounds to the neck.

The fighting turned much of the southern cities of Osh and Jalalabad into smoking wrecks and raised fears over the future viability of the country of 5.3 million where Uzbeks make up 14 percent of the population.

Osh has now essentially been split along ethnic lines, with ethnic Uzbeks and Kyrgyz hunkering down in their own districts and not venturing outside.

But the leader of the interim government that came to power when president Kurmanbek Bakiyev was ousted in April appeared to drop a demand for foreign peacekeepers to calm the situation.

“There is not a need to send peacekeeping forces,” interim leader Roza Otunbayeva told a news conference.

“We hope to deal with this situation with our own forces,” she added, saying the clashes were now “on the wane”.

According to the latest toll from the Kyrgyz health ministry, 178 people have been killed in the violence in Osh and Jalalabad and 1,866 wounded.

However the International Committee of the Red Cross said in a statement that the toll was likely considerably higher and that “several hundred people have been killed in the fighting.”

Both the United States and Russia maintain vital military facilities in Kyrgyzstan, an ex-Soviet republic of pivotal strategic importance in the volatile Central Asia region, notably to NATO operations in Afghanistan.

Source: SGGP

US sets deadline for BP as mistrust grows

In Uncategorized on June 10, 2010 at 10:45 am

NEW ORLEANS, Louisiana (AFP) – The US tightened pressure Wednesday on BP, setting a 72-hour deadline for the battered British energy titan to present updated plans for battling the Gulf of Mexico oil spill.

Coast Guard Admiral Thad Allen, who is leading the government response to the disaster, met with BP officials in Washington and ordered them to produce records of compensation claims filed in four stricken southern US states.

Oil covered brown pelicans found off the Louisiana coast and affected by the BP Deepwater Horizon oil spill in the Gulf of Mexico wait in a holding pen for cleaning at the Fort Jackson Oiled Wildlife Rehabilitation Center in Buras, Louisiana. AFP photo

“BP, as a responsible party, is accountable for making the communities, individuals and business impacted by this spill whole again,” said Allen.

“We need more detail and openness from BP to fulfill our oversight responsibilities to the American people and ensure that BP is meeting its commitment to restore the Gulf coast.”

The stringent demands for greater transparency betrayed the growing mistrust between BP and President Barack Obama’s administration more than seven weeks into the nation’s worst ever environmental catastrophe.

Fueled by 24/7 media coverage of oiled birds and tides of toxic crude washing up on US shores, American public anger is growing and Obama’s administration is under increasing pressure to hold BP accountable.

Before meeting with BP officials, Allen sent a letter to BP CEO Tony Hayward, asking him to explain how compensation packages to devastated local industries were being calculated and why they were taking so long to process.

“They own the data, we need the data. I asked for that in the letter and now we’ll move forward to correct any problems we might find.”

A separate letter ordered BP to let the government know what contingency planning was in place for its “top hat” containment system.

It said there must be no pause in the recovery effort if new vessels were needed to increase the capacity to process the oil being collected and asked what plans had been laid out in case operations were derailed by hurricanes.

“BP shall provide the plans for these parallel, continuous, and contingency collection processes, including an implementation timeline, within 72 hours of receiving this letter,” ordered the missive, dated Tuesday.

The device, placed last week over the blown out well, located 50 miles (80 kilometers) off Louisiana, is capturing almost 15,000 barrels, or 630,000 gallons, of oil a day.

Allen said modifications next week “could take leakage almost down to zero” and added that he had ordered a special task group to work up new estimates on how much oil is still gushing out.

“I’m not going to declare victory on anything until I have the numbers,” he told a press conference. “Show me the numbers.”

Facing a grilling from Senate lawmakers, Interior Secretary Ken Salazar admitted that cutting the leaking riser pipe to construct the system could have increased the flow rate by between four and five percent.

His hearing was disrupted as a protester poured an oily-looking liquid on herself before being arrested.

“This is what it feels like to have oil dumped on you,” shouted the woman, who later issued an angry statement saying she was a fourth generation shrimper from the Gulf.

Amid growing public frustration, Obama lashed out Tuesday at critics of his response and said that if it was up to him, he would fire Hayward over a series of flippant public remarks.

Hayward will testify before US lawmakers for the first time next week, as BP investors fear intense political pressure from Washington over the spill could force the group to axe its prized shareholder dividend.

The share price sank Wednesday by 4.24 percent to close at 391.55 pence, having earlier touched a low point of 380.50.

The company’s market value has plunged by billions of dollars since the Deepwater Horizon rig, operated by BP and owned by US contractor Transocean, sank on April 22 — two days after a huge explosion killed 11 workers.

“There remains an intense amount of uncertainty over future dividend payments to shareholders, with senior politicians in the US applying strong pressure to delay any payment until legal and clean up costs have been covered,” City Index analyst Joshua Raymond told AFP.

“Moreover, with President Barack Obama’s public outburst at BP — ie to kick ass — and the fact that there are important congressional elections ahead in November, there is a fear that BP could be used as a scapegoat to garner political support.”

Obama heads to the Gulf of Mexico next week for his fourth visit since the disaster.

BP is meanwhile plowing on with the drilling of two relief wells that should be ready by August to enable the company to permanently plug the leak.

Source: SGGP

Regularly flooded locality successfully grows new adaptable variety of rice

In Uncategorized on May 31, 2010 at 9:22 am

A new variety of rice suitable for fields that flood regularly during rainy season has been successfully grown in trials in the central province of Thua Thien-Hue.

Agricultural officials observe crops of hybrid rice that flourishes amid floods and yields high outputs in Quang Dien District, Thua Thien-Hue Province (Photo: nong nghiep)

Hoang Thong, head of the agriculture, forestry and fishing promotion station in Quang Dien District said that after trial harvests at three cooperatives within the district, the hybrid rice QH5 shows outstanding strength with a high resistance to falling amid flooded fields.

The new rice, a hybrid from three high-quality varieties originated in China, grows with long blooms, big grains, wide limbs, and large, strong stems, suitable for local soil and weather conditions.

The QH5 rice variety also brings higher yields than normal varieties (1000-1500 kilograms/hectare), but has not yet been produced in mass quantity due to the high cost of its seeds.

Source: SGGP

Political fallout grows from Gulf spill

In Uncategorized on May 18, 2010 at 9:04 am

(AFP/Getty Images) Oil oozes through the reeds at the mouth of the Mississippi River on May 17, 2010 in near Venice, Louisiana.

NEW ORLEANS, Louisiana (AFP) – The US interior secretary faces lawmakers Tuesday over a huge and growing Gulf oil spill that engineers are struggling to control and now threatens Florida’s coral reefs.

As political fallout from the spill grows, sources said President Barack Obama would appoint an independent commission into the disaster, and an official at the federal agency that regulates drilling stepped down.

BP has begun siphoning some of the oil leaking from a ruptured well pipe via a so-called insertion tube up to a container vessel.

But the fix is containing only about 20 percent of the flow, which experts warned could soon be drawn into a current that would take it up Florida’s coast, threatening fragile coral reefs, marine life and beaches.

On Tuesday, Secretary Ken Salazar was to be grilled by US senators as the administration sought to show it would get tough with those found responsible for the oil spill.

An administration official said Obama would establish an independent commission in coming days, supplementing government inquiries into the major environmental disaster.

The spill appeared to claim its first political casualty, with the announced retirement of Chris Oynes, who oversaw offshore energy for the Minerals Management Service.

The federal agency has come in for scathing criticism over the enforcement of safety standards for offshore drilling.

Last week Obama slammed MMS as being too “cozy” with the companies it regulates, and ordered “top to bottom” reform of the agency after allegations it allowed BP and other firms to drill in the Gulf without the required permits.

BP, which leased the rig that exploded and sank last month, prompting the disastrous spill, says that a fifth of the flow is now being sucked up by an insertion tube.

The British energy giant said it was gearing up for an operation to inject tonnes of heavy drilling “mud” into the well to staunch the flow before permanently sealing it with cement.

“Our next effort to try to stop the flow will occur later this week or early in the weekend coming up and it’s the top kill procedure,” said BP chief operating officer Doug Suttles.

“If that’s successful we would be bringing this incident to a close.”

BP’s first claim of success in tackling the spill risked being overshadowed by fears that the oil continuing to gush into the Gulf could be drawn into a powerful sea current.

That could shift parts of the toxic slick towards Florida, wreaking havoc on the fragile coral reefs and nature preserves of the famed Florida Keys.

There are also concerns that huge underwater plumes of crude could be starving the sea of oxygen.

A research vessel has located plumes reported to be up to 10 miles (16 kilometers) long, three miles (4.8 km) wide and 300 feet (92 meters) thick that suggest a far greater impact on the marine environment than previously thought.

“BP is burying its head in the sand on these underwater threats,” said Democratic congressman Ed Markey.

“These huge plumes of oil are like hidden mushroom clouds that indicate a larger spill than originally thought and portend more dangerous long-term fallout for the Gulf of Mexico’s wildlife and economy.”

An expert from the Harte Research Institute for Gulf of Mexico Studies told AFP that deepwater spills posed greater risks due to these plumes.

“Normally, in a shallow spill, everything pretty much shoots up to the surface and the impacts are primarily to surface organisms like turtles, dolphins, whales and birds,” explained Paul Montagna.

“What happens is we’re dealing with a different kind of situation than the past because under this really cold, high-pressure environment the oil is getting dispersed through the water column,” he said.

Response crews have used some 560,000 gallons of controversial chemical dispersants, spraying them onto surface oil and also directly into the leak in a bid to break up the oil.

With an estimated 5,000 barrels, or 210,000 gallons, of oil spewing into the Gulf every day, BP was keen to celebrate placing the insertion tube into the main leak.

The operation, conducted by robotic submarines, allows some oil to be siphoned via a mile-long pipe to a drill ship on the surface.

Suttles said he had flown over the slick Monday morning and seen “a big difference,” witnessing “probably the smallest amount of oil I’ve seen on the surface since the effort began.”

Source: SGGP

Concern grows over drug-resistant H5N1 mutations

In Uncategorized on March 24, 2010 at 6:07 am

Medical experts are growing increasingly worried that the bird flu virus (A/H5N1) is showing  signs of transforming into more lethal forms, since the number of cases in Vietnam since the beginning of the year is equal to all those of 2009.

Medical workers advise people to  wear protective clothing and wash their  hands  after coming into contact with poultry

The Department of Preventive Health and Environment, a sub-division of the Ministry of Health, has reported five H5N1 infections in the country since January 1 including two deaths. A 38-year-old woman from southern Tien Giang Province and a three-year-old from Binh Duong Province both succumbed to the illness.

Dr. Nguyen Huy Nga, head of the Department of Preventive Health and Environment, said the increase in infections highlights the complexity of the disease’s development.

Health workers are also concerned over the critical condition of a 25-year-old female in Hanoi’s Soc Son District who is currently being treated for bird flu at the National Tropical Disease Hospital. Unlike other cases, the woman reportedly had not had contact with diseased or dead waterfowl or eaten poultry before falling ill.

Dr. Nguyen Quynh Mai from the National Institute of Hygiene and Epidemiology, said research has revealed seven new A/H5N1 virus strains in Vietnam. Tests show the strains are drug-resistant and potentially lethal.

Dr. Nga said that low public awareness could lead to more lethal strains of both bird flu and swine flu (A/H1N1). He warned health agencies to strengthen supervision of flu outbreaks in communities to quickly isolate infected patients from coming into contact with other people.

Residents should report to local governments immediately when chickens die or show signs of disease for unclear reasons, he said. In addition, people should wear protective clothing and wash their hands after coming into contact with poultry.

Anyone suffering fever, cough or breathing problems is advised to seek immediate medical treatment.

US to provide VN with $100,000 worth of flu-response gear

The US Government March 22 announced it would provide Vietnam with more than 11,000 sets of personal protective equipment and four laboratory kits to help health workers respond quickly to potential new outbreaks of avian and swine influenza.

The assistance package worth US$100,000 and implemented by the US Agency for International Development (USAID), comes at the request of Vietnam’s Ministry of Health, with technical support from the World Health Organization.

The supplies are being sent to regional hygiene and epidemiology institutes and Pasteur Institutes and provinces throughout the country most at risk of bird flu or in greatest need of the supplies, which include such items as protective suits, masks, gloves, infection testing swabs.

Source: SGGP Bookmark & Share

Farmer grows gold ingot-shaped watermelon

In Uncategorized on March 24, 2010 at 4:52 am

Tran Thanh Liem of the Mekong Delta province of Can Tho has grown watermelons that look like a gold ingot. (Photo:SGGP)

A farmer in the Mekong Delta province of Can Tho has managed to grown watermelons exactly in the shape of gold ingots, 38 of which he has sold in Ho Chi Minh City markets for Tet.

Tran Thanh Liem of Binh Thuy District said the price of a pair of watermelons, which he trademarked last year, is VND3 million (US$158).

Source: SGGP Bookmark & Share