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Posts Tagged ‘high’

Trading value on HOSE peaks six-month high

In Uncategorized on December 16, 2010 at 10:10 am

Vietnam’s benchmark VN-Index slightly surged on December 6, extending its winning streak to three straight days thanked to robust demand. Trading value on the city bourse reached a six-month high.

The gauge of of 270 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange edged up 0.26 percent, or 1.21 points, to close at 465.56 points.


Among the index members, 168 climbed, 55 dropped, while 52 remained flat.


Trading volume on the city bourse topped 96.78 million shares worth VND2.39 trillion, the highest level since May.


Saigon Securities Inc. (SSI), the country’s largest brokerage, led the list of most active shares in volume with 7.15 million shares changing hands.


It was followed by Refrigeration Electrical Engineering Corporation (REE) with 5.4 million shares traded.


Saigon Thuong Tin Commercial Bank or Sacombank (STB) came in third with 4.27 million shares changing hands.


Dong Nai Roofsheet and Construction Material Joint Stock Company (DCT), LICOGI 16 Joint Stock Company (LCG), Long Giang Investment and Urban Development Joint Stock Company (LGL), Viet Nhat Seafood Corporation (VNH), and MTGas Joint Stock Company (MTG) were the biggest winners on southern market. They all enhanced the daily maximum allowed limit of 5 percent.


Sonadezi Long Thanh (SZL) advanced the fifth consecutive day, accelerating 4.98 percent to VND23,200.


Thu Duc Housing Development Corporation (TDH) rallied 4.97 percent to trade at VND33,800.


Royal International Corporation (RIC) plunged 4.93 percent to VND13,500.


Vien Dong Pharmaceutical Joint Stock Company (DVD) retreated 4.9 percent to VND48,500.


Viet Nam Golf Tourism Joint Stock Company (VNG) slipped 4.76 percent to VND16,000.


Meanwhile, the Hanoi’s HNX-Index added up 0.35 percent, or 0.41 points, to close at 117.07 points. Trading volume rose to 87.76 million shares, the highest level since the establishment of this index. However, trading value which was worth VND1.76 trillion was much lower than the record high of VND2.93 trillion set on May 7.


The UPCom-Index increased by 0.34 points to 43.3 points this morning. A total of 261,500 shares changed hands at a value of VND2.79 billion.

Source: SGGP

Upbeat investor sentiment lifts stock market up high

In Uncategorized on December 16, 2010 at 10:06 am

The stock market is roaring back on increasing confidence, helping many investors to achieve big profits.

Two investors caustiously watch share prices updated at a HCMC-based brokerage (Photo:Minh Tri)

VN-Index, the gauge of 271 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, regained more than 10 percent in the last one month, while the index of the Hanoi’s bourse rose 20 percent.


Brokers said the profit rate of the stock market’s investments was around 6-12 times higher than banks’ interest rate.


Nguyen Thanh Long, an investor favoring mineral shares, achieved a profit rate of 30 percent from investing in Nari Hamico Minerals Joint Stock Company (KSS) last month.


“I bought KSS at VND24,000 per share last month as I found it reasonable. Later I bought more as the share kept falling to around VND20,000, making an average price of VND21,000. I eventually took big profits when KSS rose to VND28,000 early this month,” Long recalled.


Tran Van Thanh, who has entered the market since it was set up, said he gained nearly VND30 million from investing in the air conditioner maker REE (REE).


“I bailed out of the market at the end of July and came back at the time when the VN-Index bounded back from 420-430. I just bought 10,000 REE shares at the price of VND14,000 at that time as I didn’t think the market would recover strongly,” Thanh said.


“I made around VND30 million from selling those shares, which jumped by 20 percent to VND17,000.”


The stock market will likely to remain on a rise until the end of the year, said Hoang Thach Lan, heads of the brokerage unit at the Ho Chi Minh City-based MHB Securities Co., the investment arm of Mekong Housing Bank.


“However, investors should be cautious. One of the biggest mistakes investors often make is to make out a certain reason that they believe it has boosted the market,” Lan said.


“For example, some individual investors told me that they would return to the stock market with long-term investments on an expectation that foreigners would pump money strongly into the market in early 2011.


“But there’s little likelihood that investors would pump as much money into the stock market as they did in the 2006-2007 period.”


Surging trading value
Statistics showed trading value on the Ho Chi Minh Stock Exchange increased sharply by VND17.5 trillion (US$875 million) in the last ten trading day.


According to the State Securities Commission, foreign investors pumped $920 million into Vietnam’s stock market in the first 11 months of the year.


The market’s sentiment was boosted by foreigners’ moves, said Nguyen Viet Hung, head of the analysis and investment unit of the brokerage SME.


“Many investors bailed out from the bearish market, which lasted from the middle of the second quarter to the third quarter this year. Therefore, I expect the current bullish run, which has just been started, will be extended further if those investors returned to the market,” Hung said

Source: SGGP

High reservoir levels promise fewer power cuts

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




High reservoir levels promise fewer power cuts


QĐND – Tuesday, November 23, 2010, 20:52 (GMT+7)

No power cuts are expected in the near future during peak hours of usage as water levels in reservoirs are sufficiently high, according to Electricity of Vietnam (EVN).


According to the National Meteorology Forecasts Centre, as of November 22, water levels in central and southern reservoirs were 4.7 to 22 metres higher than dead-water levels.


Water levels in northern reservoirs, such as those at Hoa Binh, Tuyen Quang and Song Da hydro-power plants, were seven to 10 metres lower than the same period last year.


Dang Hoang An, deputy general director of EVN, said higher water levels had helped to bring hydro-power plants in Central Highlands and southern provinces to normal operations.


An said a number of thermo-power plants would be suspended for periodic maintenance in preparation for power generation in the dry season of 2011.


To avoid power cuts in peak hours, EVN would continue to purchase electric power from abroad and run plants using expensive fuels such as FO and DO.


He added that EVN had been making plans to release water from reservoirs to irrigate the spring crop in 2011.


EVN’s subsidiaries, in coordination with irrigation companies in the Red River Delta, had been inspecting the irrigations systems to receive sources of water from reservoirs and use them economically.


Source: VNA


Source: QDND

High alert as N.Korea fires artillery on South

In Uncategorized on November 24, 2010 at 4:50 am

SEOUL (AFP) – North Korea fired dozens of artillery shells onto a South Korean island on Tuesday, killing one person and triggering an exchange of fire as southern armed forces went on their highest state of alert.


In what appeared to be one of the most serious border incidents since the 1950-53 war, South Korea’s government convened in an underground war room and air force jets were reportedly scrambled to the Yellow Sea island.

South Korean marines are seen during a drill on Yeonpyeong island in the disputed Yellow Sea. AFP

The firing came after North Korea’s disclosure of an apparently operational uranium enrichment programme — a second potential way of building a nuclear bomb — which is causing serious alarm for the United States and its allies.


Some 50 North Korean shells landed on the South Korean border island of Yeonpyeong near the tense Yellow Sea border, damaging dozens of houses and sending plumes of thick smoke into the air, YTN television reported.


One South Korean Marine — part of a contingent based permanently on Yeonpyeong island — was killed, the military said.


The military said 13 Marines were injured and YTN said two civilians were also hurt.


“A North Korean artillery unit staged an illegal firing provocation at 2:34 pm (0534 GMT) and South Korean troops fired back immediately in self-defence,” a ministry spokesman told AFP.


“A Class-A military alert issued for battle situations has been imposed immediately,” the spokesman said.


One island resident, Lee Jong-Sik, told YTN: “At least 10 houses are burning. I can’t see clearly for the smoke. The hillsides are also on fire.


“We were told by loudspeakers to flee our homes.”


Yeonpyeong lies just south of the border declared by United Nations forces after the inconclusive war six decades ago, but north of the sea border declared by Pyongyang.


The Yellow Sea border was the scene of deadly naval clashes in 1999, 2002 and last November.


Tensions have been acute since the sinking of a South Korean warship in March, which Seoul says was the result of a North Korean torpedo attack. Pyongyang has angrily rejected the charge.


In late October, North and South Korean troops exchanged fire across their Cold War border, coinciding with a state of high alert for the South’s military in the buildup to the G20 summit of world leaders in Seoul earlier this month.


South Korean President Lee Myung-Bak convened an emergency security meeting in response to the latest incident, a presidential spokesman said.


“He is now in an underground war room to discuss possible responses with ministers of related agencies and national security advisers,” the spokesman told AFP.


Lee urged the officials to “handle it (the situation) well to prevent further escalation”, the spokesman said.


The firing comes after Kim Jong-Un, the little-known youngest son of Kim Jong-Il, was officially recognised as number two in North Korea’s political system, clouding outsiders’ view of its military and nuclear intentions.


The new crisis erupted as a US special envoy headed to China Tuesday to seek its help in curbing North Korea’s new nuclear project, revealed to US experts who described a sophisticated programme to enrich uranium.


Stephen Bosworth has also visited South Korea and Japan this week to discuss the disclosure, which US officials say would allow the isolated North to build new atomic bombs.


Bosworth, speaking in Tokyo, ruled out a resumption of stalled six-nation talks — aimed at disarming the North of nuclear weaponry in return for aid and other concessions — while work continues on the enrichment programme.


China chairs the talks and is also the North’s sole major ally and economic prop. It has come under pressure to play a leading role in resolving the latest nuclear dispute.


China appealed for the six-party talks to resume after the new revelations, and expressed concern over Tuesday’s cross-border firing.


“We have taken note of the relevant report and we express concern over the situation,” foreign ministry spokesman Hong Lei told reporters.


“We hope the relevant parties do more to contribute to peace and stability on the Korean peninsula,” he said. Russia also warned against an escalation of tensions on the peninsula.

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Source: SGGP

Taiwanese IT products received high marks

In Uncategorized on November 17, 2010 at 2:32 pm

Gold sets record high amid economic fears

In Uncategorized on November 9, 2010 at 4:51 am

NA sets high target for 2011 GDP growth

In Uncategorized on November 9, 2010 at 12:19 am

Record high tide to cause flood in city

In Uncategorized on October 25, 2010 at 1:35 pm

According to the Southern Regional Hydro Meteorological Center, the flood tide in HCM City will reach a peak of 1.5m at the Phu An Station on Saigon River around 7pm on October 25.

The flood tide doubled with heavy rain brought by Typhoon Megi will cause havoc in many inner-city and suburban areas. A series of dykes in in Binh Thanh, Thu Duc, Go Vap, Hoc Mon, Cu Chi and District 12 is at risk of damage. So many streets will be submerged by water.

The HCMC Steering Committee for Flood and Storm Control ordered local authorities to check dykes along river and canal banks.

A high flood tide and heavy rain have caused flooding in many areas in the Mekong Delta city of Can Tho.


The National Hydrometeorological Forecast Center said that a cold air mass coming from southern China has entered the northern region. Temperature decreases by about 5-7oC, average temperature is 17-24oC. The weather becomes so cold.

The central and southern central regions will see warm sunshine in the beginning of this week and heavy rain at the weekend.

Source: SGGP

New bi-lingual website designed to support high school English teachers

In Uncategorized on October 13, 2010 at 8:03 am

British Council, in partnership with the Ministry of Education and Training, will launch a competition to promote a fantastic new bi-lingual website www.teachingenglish.edu.vn designed specifically for upper secondary teachers of English teaching textbooks grade 10, 11 and 12 in Vietnam.

The website’s surface. The website desigend to help high school English teachers

The organizers will officially announce the launch of the competition at the Grand Hotel in Ho Chi Minh City on September 17. Key figures from the Ministry of Education as well as ELT specialists and teachers from 6 provinces in the south of Vietnam will attend the ceremony.


With a wealth of materials already available on the net for teachers and learners of English, the Ministry of Education have worked with the British Council to create a unique website for Vietnam which links this abundance of materials directly back to the English course books for Grades 10, 11 and 12.


Mr Nguyen Vinh Hien, Vice Minister of Education and Training, says: “The site is a very useful source of materials for both teachers and learners of English in Vietnam especially for upper secondary school sector, which can help meet the need for strengthening the English teaching and learning capacity.”


The website provides teachers with useful teaching resources, techniques and methodologies which have been consulted by Vietnamese and British specialists. With this support, teachers can improve their teaching skills and use the materials effectively in their daily teaching”


For teachers who need to fulfil the requirements of the curriculum but also want to motivate their learners through more interactive activities, it is now just a simple matter of logging on to www.teachingenglish.edu.vn, clicking on the grade and unit you are teaching and selecting an activity to supplement your lesson. Guidelines for using the activities are in both English and Vietnamese. And there are also low-tech options for using the materials in classrooms without a computer.


Teachers can also find tips on dealing with a range of everyday problems such as correcting errors and managing large classes. There is also a section on professional development and opportunities to become part of a global network of teachers via our online forum.


Simon Beardow, Deputy Director, British Council, says, ‘The teaching English website is a great example of how British Council’s Access English project remains committed to working in partnership with the Ministry of Education and Training to provide teachers of English across Vietnam with access to quality teaching resources and opportunities to engage with other English teachers from around the world.’


Access English is a 4-year project developed and run by the British Council in partnership with ministries of education in nine countries in East Asia including Indonesia, Japan, Korea, Malaysia, the Philippines, Singapore, Taiwan, Thailand and Vietnam.

Although there is great diversity in the region, what the above countries share is a need for support in developing national English language teaching agendas at both primary and secondary level. The project aims to provide support to changes in English language teaching in three areas: support for policy makers, support for teacher educators and support for teachers.

Source: SGGP

Piano high school student presents 1st solo

In Uncategorized on October 13, 2010 at 7:56 am

Young pianist Nguyen The Cuong Quoc performed classical music in a concert at the Ho Chi Minh City Conservatory of Music on September 24.

      Nguyen The Cuong Quoc

The pianist performed works by famous composers such as Beethoven, Rachmaninov, Chopin and Ravel together with the Ho Chi Minh City Philharmonic Orchestra under the baton of Nguyen Anh Son.

Cuong Quoc, 17, is a 12th grader in HCMC and a student at the HCMC Conservatory of Music.

The young pianist was introduced to piano when he was four years old and entered the Conservatory of Music at eight.

He received several awards at local and international piano competitions such as the Per Giovanni Piano Competition in 2003, Bradshaw & Buono Piano Contest in New York in 2005, and Autumn Young Talent Concours Contest in Hanoi in 2007.

Source: SGGP