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Posts Tagged ‘Impressive’

Overseas remittances see impressive rise

In Uncategorized on December 16, 2010 at 10:02 am

Overseas remittances are expected to record USD8 billion  in 2010, an increase of 25.6 percent over last year.

A teller counts US dollar banknotes at a Sacombank branch in Ho Chi Minh City (Photo: Sacombank).

According to the Foreign Currency Management Department under the State Bank of Vietnam, overseas remittances were USD7.6 billion  in the first 11 months of this year and likely to be USD770 million  in December.


In addition, Vietnam ’s commercial banks have said that foreign currencies are flowing into Vietnam and have seen a rise of between 20-30 percent against the previous year.


This high level of remittances is attributed to the recovery of the global economy, which enables overseas Vietnamese to send more money to their relatives in Vietnam , the strong development of banking networks and the improved services offered at banks and economic organizations.


This year’s remittances are mainly from the US , Canada , Australia and markets that accept Vietnamese workers, such as the Republic of Korea, Taiwan and Malaysia .


However, money from Europe is likely to be affected due to public debt in Greece and Ireland .


Overseas remittances are forecast to increase in the next two months until the Lunar New Year festival.


Earlier, the World Bank released a report on worldwide remittances in 2010, with Vietnam ’s overseas remittances forecasted to be USD7.2 billion against USD6.6 billion  in 2009.


The report also showed that Vietnam now ranks 16th out of the top 30 countries surveyed.

Source: SGGP

Con Dao selected as an impressive regional destination

In Uncategorized on November 19, 2010 at 2:02 pm

Stocks make impressive U-turn

In Uncategorized on October 14, 2010 at 6:30 pm

Movements of VN-Index on October 5. (Photo: vietstock.vn)Vietnam’s benchmark VN-Index swam upstream by the end of trading session on October 5 to reverse previous loss.

The shares of 261 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange shot up 1.15 percent, or 5.13 points, to finish at 450.96 points.


Trading volume slumped by half over the previous day as around 33.2 million shares changed hands at VND839.8 billion.


Of the index, 132 stocks advanced, 72 retreated, while 63 remained unchanged.


Ocean Group Joint Stock Company (OGC) continued to take the position of most active share in volume with 1.6 million shares.


Saigon Thuong Tin Commercial Bank or Sacombank (STB) ranked second with 1.44 million shares changing hands.


Saigon Securities Inc. (SSI) came next with 1.06 million shares traded.


Hoa Binh Construction & Real Estate Corporation (HBC) sprang the daily maximum allowed limit of 5 percent to VND42,000.


AgriBank Securities Joint Stock Coporation (AGR) and Vien Dong Pharmaceutical Joint Stock Company (DVD) both closed up 4.95 percent to VND10,600, and VND95,500 respectively.


The newly listed Tay Bac Minerals Investment Joint Stock Company (KTB) declined for a second day, losing 5 percent to VND36,100.


Ha Tien Transport Joint Stock Company (HTV) dropped 4.96 percent to trade at VND36,400.


Camau Trading Joint Stock Company (CMV) went down 4.93 percent to VND27,000.


The northern bourse successfully prevented the HNX-Index from dropping for the fifth consecutive session as the index unexpectedly gained 1.1 points, or 0.91 percent, to 122.02 points. Trading volume fell by 30 percent over yesterday. Around 31.3 million shares worth VND720 billion changed hands.


The UPCoM-Index inched up 0.09 points to 45.24. Around VND4.4 billion were spent on 0.29 million shares as of 11:20 am local time.

Source: SGGP

Impressive start reaps win for hosts in first round match of Sting Cup

In Uncategorized on October 14, 2008 at 12:11 pm

HA NOI — Hoang Long Long An made an impressive start in the opener of the HCM City International Volleyball Tournament – Sting Cup – on Sunday, beating Myanmar 3-0.


The visitors, most of whom played in last December’s Southeast Asian Games in Thailand, managed to remain level with the host in the first set before losing 26-28.


Their playing style was not flexible enough to resist Long An’s strong and diverse range of attacks, rapidly losing the next two sets 16-25 and 19-25, despite their taller and stronger physiques.


In the other match, HCM City’s Viet Steel team had to work a little hard against North Harbour from New Zealand, who were expected to be strong opponents considering their local championship title


However, they were not in top form entering the competition. Based on spikes by 2.05m attacker Bindon in combination with Takai’s volleys from the edge, they made Viet Steel players too tired to block. But when the duo were not in the forward line, the Kiwis failed to attack Viet Steel who came back strongly to win 25-22, 29-27, 27-25 under captain and setter Le Hong Huy.


In the last match, underdogs Sri Lanka were defeated 31-29, 25-14, 25-23, 25-21, 12-15 by Nakhon Ratchasima from Thailand.


Sri Lanka surprised many by their victory in the first set after an aggressive point chase between the two rivals.


The young team, most born in 1989 and 1990, failed to maintain their domination, losing sets two and three to Nakhon Ratchasima, who opened assaults with rapid and lethal spikes to far sides.


The forth set went to Sri Lanka again when they made use of good technical skills with some changes in the line-up, winning the set and levelling the result.


But, the better team were still the winner at the end. The Thai representative tied the final score within seven minutes. Their next rivals will be Myanmar.


The eight-day tournament draws teams from Myanmar, Sri Lanka, Thailand, New Zealand and two local clubs, who will compete in round robin format for US$9,500 in prize money in the cup which finishes on Sunday.


The tournament’s 19 matches are located at Phan Dinh Phung Gymnasium in District 3.


Free tickets will be available to students and volleyball club members in HCM City at the Federation office and at the Effective Event Corporation at 8 and 97 Vo Van Tan Street. —