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VN-Index wraps week in light note

In Uncategorized on November 27, 2010 at 6:20 am

Vietnam’s benchmark VN-Index failed to maintain a strong rising momentum on November 26, added small change as investors dumped shares heavily to book profits.

The gauge of 270 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange inched up 0.02 percent, or 0.09 points, to close at 439.94 points.


Of the measure, 116 stocks advanced, 81 retreated, while 78 remained unchanged.


Trading volume on the city bourse climbed to the highest level in the past ten trading sessions. Around 45.4 million shares changed hands at a value of VND1.07 trillion.


Vietnam Electricity Construction Joint Stock Corporation (VNE) was the most active share in volume with 2.87 million shares traded.


Saigon Securities Inc. (SSI), the country’s largest brokerage, took the second rank with 1.11 million shares changing hands, followed by Nari Hamico Minerals Joint Stock Company (KSS) with 1.06 million shares.


Viet Nam Active Fund (VFMVFA) jumped the daily maximum allowed limit of 5 percent to VND8,400.


Nari Hamico Minerals Joint Stock Company (KSS) extended its winning streak to the fourth day, rallying 4.95 percent to VND23,300.


Hamico Group Mineral Joint Stock Company (KSH) moved forward for four consecutive trading sessions, rising 4.92 percent to VND34,100.


Petrovietnam Finance Joint Stock Corporation (PVF) curbed its three straight day winning streak, edging down 4.87 percent to VND21,500.


Newly listed Anvifish Joint Stock Company (AVF) and Beton 6 Corporation (BT6) both sliced another 4.86 percent to trade at VND23,500, and VND68,500.


Transforwarding Warehousing Joint Stock Corporation (TMS) contracted 4.81 percent to trade at VND25,700.


Meanwhile, the northern bourse finished week in low note as the Hanoi’s HNX-Index dipped 0.49 percent, or 0.5 points, to finish at 101.57 points. Trading volume slightly dropped over the previous trading session as around 40.44 million shares were traded at nearly VND727.23 billion.


The UPCoM-Index of the unlisted shares market slightly shrank 0.11 points to 40.54 points. A total of 191,800 shares changed hands at VND2.46 billion in the trading session this morning.

Source: SGGP

VN-Index closes month on light note

In Uncategorized on October 14, 2010 at 6:31 pm

Movements of VN-Index on September 30. (Photo: vietstock.vn)The shares of 259 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange toiled to finish in green on September 30 thanked to support from blue-chip stocks.

The Vietnam’s benchmark VN-Index rallied 0.35 percent, or 1.58 points, to 454.52 points.


Trading volume slightly improved over the previous session. Around 40.6 million shares changed hands at a value of VND1.2 trillion.


Of the index, 68 stocks increased, 139 slipped, while 58 were unchanged.


Ocean Group Joint Stock Company (OGC) was the most active share by volume with 1.82 million shares changing hands.


It was followed by transportation company Thuan Thao Corporation (GTT) with 855,850 shares. The company announced that it would issue 14,501,000 additional shares to its current shareholders at a ratio of 2:1, and at a price of VND10,000 per chare.


Saigon Thuong Tin Commercial Bank or Sacombank (STB) tagged along with 816,970 shares traded.


From September 10 to September 23, Dang Van Thanh, chairman of Saigon Thuong Tin Commercial Bank or Sacombank (STB) bought 2 million shares, raising his holdings to 28,020,039 shares, accounting for 4.18 percent of the company’s chartered capital.


Bao Minh Insurance Corporation (BMI) rebounded from a previous loss of 3.03 percent, jumping the daily maximum allowed limit of 5 percent to VND16,800.


Long Giang Investment and Urban Development Joint Stock Company (LGL) climbed 4.9 percent to VND25,700.


Bao Viet Holdings (BVH) bobbed 4.72 percent to trade at VND55,500 from VND53,000 the previous day.


Construction company De Tam Joint Stock Company (DTA) ripped 5 percent to VND19,000.


Thien Nam Trading Import Export Corporation (TNA) plunged 4.97 percent to VND32,500.


South Logistics Joint Stock Company (STG) sliced 4.96 percent to VND34,500.


Meanwhile, the Hanoi’s HNX-Index subtracted 0.12 points, or 0.09 percent, to 127.29. Trading volume fell by 25 percent over the previous day as just 26.3 million shares worth VND630.6 billion changed hands.


The UPCoM-Index of the market of unlisted shares deleted 0.92 points to 45.72 points. Trading volume was at 246,400 shares traded, approximately VND3.86 billion.

Source: SGGP

Ballet dancers to light up Uncle Ho’s sun in every heart

In Uncategorized on May 13, 2010 at 4:52 am

In the heat of the celebration of the late President Ho Chi Minh’s 120th birthday, the HCMC Ballet Symphony Orchestra and Opera (HBSO) will present a special ballet suite: “Sun in my heart” featuring the brave story of Uncle Ho’s journey to bring peace and sovereignty to his country. The performance will take place on Ho Chi Minh’s birthday, May 19.

A flier for the May 19 ballet suite at the HCMC Opera House (Photo: HBSO)The play begins with the historical background of early 20th century Vietnam, when his people suffered political oppression and economic poverty under French rule. The tremendous pain of his compatriots truly touched the heart of the burgeoning revolutionary, Nguyen Tat Thanh. The suffering caused by the exploitation of his people motivated the young man leave his homeland in order to study abroad, with the aim of finding ways to release his people from the shackles of colonialism and bring peace to Vietnam.

Next, the program dramatically portrays how Ho Chi Minh and the Vietnamese Army triumphed over their French enemies.  Millions of Vietnamese proudly gathered to hear the Vietnam Declaration of Independence proclaimed by President Ho Chi Minh. It was in this moment that Democratic Republic of Vietnam was born.

However, the celebratory feeling ends quickly as tear-jerking scenes ensue, as the play chronicles the horrible wars that occurred after 1945. Dark skies and cold-blooded barbed wire fences capture the brutality of this period. Audiences will witness the stage fill with exploding bombs that ravage Vietnamese towns and villages.  These scenes of war depicting the murder of civilians are likely to leave audiences spellbound. 

The suite ends with the joyful sounds that accompanied the day when Vietnam won back her independence.  The play finishes with images of the Vietnamese people embracing victory and each other: heart to heart, hand in hand, north and south, everybody united by their love and admiration for the late President Ho Chi Minh.

The script, written by Meritorious Artist To Nguyet Nga, won first prize at the composing competition “Study and follow Uncle Ho’s example” and later was staged by People’s Artist Vu Viet Cuong. The trio: Vu Viet Cuong, Tran Kim Quy and Nguyen Tan Loc are the production’s choreographers, their sequences are performed by the HBSO Ballet. 

Composer Vo Dang Tin and HBSO’s Chief Conductor Tran Vuong Thach prepared the show’s musical score.

The performance will start at 8pm at the HCMC District 1’s Opera House.

Tickets are available at the House’s ticket office and cost from VND100,000 (US$5) to VND200,000 ($10). Free delivery is offered to any booking via the hotline: (848-08)3823 7419.

Source: SGGP

Abbas gets green light to relaunch peace process with Israel

In Uncategorized on May 9, 2010 at 4:49 am

RAMALLAH, West Bank (AFP) – Palestinian leader Mahmud Abbas on Saturday was given a green light from the PLO to relaunch the Middle East peace process through US-brokered indirect negotiations with Israel.


Israeli Prime Minister Benjamin Netanyahu welcomed the revival of the peace process after a 17-month hiatus and stressed his country’s support for “talks without conditions so as to advance rapidly to direct negotiations.”


The Palestine Liberation Organisation’s executive committee at a meeting in the West Bank town of Ramallah decided “to approve participation in indirect talks” with the Jewish state, Abbas adviser Yasser Abed Rabbo said.


A majority of delegates at the umbrella group’s meeting endorsed the “proximity talks,” Abed Rabbo said, although the PLO appeared split ahead of the gathering between Abbas’s dominant Fatah party and other factions.


The endorsement “aims at giving the peace process a serious chance” and is based on US “guarantees and assurances concerning (Jewish) settlements, the danger they represent and the need to halt them,” he said.


“The United States will adopt a firm position towards any provocation which could impact the peace process and the negotiations,” he added.


Abbas later held his second meeting in as many days with US President Barack Obama’s special Middle East envoy George Mitchell, who has been shuttling between Israeli and Palestinian leaders.

Palestinian president Mahmud Abbas (R) shakes hands with US Middle East envoy George Mitchell during a meeting in the West Bank city of Ramallah. AFP photo

The envoy was due to return to Ramallah on Sunday at 11 am (0800 GMT) for a final session before heading back to the United States.


“Senator Mitchell in person will tomorrow (Sunday) announce the American position and the date for the start of negotiations,” the Palestinians’ chief negotiator Saeb Erakat told reporters.


Mitchell is to orchestrate the planned four months of indirect talks in the form of shuttle diplomacy between Jerusalem, Ramallah and Washington.


Abbas had balked at resuming talks with Israel without the backing of the Arab League and the PLO, which appeared split ahead of Saturday’s meeting.


“We believe that American promises do not represent enough of a guarantee that the process will produce real results,” said Qais Abu Laila of the Democratic Front for the Liberation of Palestine.


Hamas, the Islamist rulers of the Gaza Strip since 2007 after ejecting forces loyal to Abbas, denounced the PLO decision, with spokesman Fawzi Barhum saying the umbrella group “has lost all legitimacy.”


“This decision constitutes a new encouragement for the occupier and its settlement policies, serving only its interests and those of the Americans,” Barhum said.


Barhum accused Abbas’s Palestinian Authority of taking “American money” to endorse the talks with Israel.


Gaza militants later fired a rocket into southern Israel, the Israeli military said. It exploded in a field without causing casualties or damage.


On Friday, Mitchell was told by Israeli President Shimon Peres that security must be a top issue in the talks, while the Palestinians have said they want the priority to be the borders of their promised future state.


Expectations of significant achievement remain low in both camps.


Israeli-Palestinian peace talks have been blocked since December 2008 — just over a year after they restarted following a seven-year hiatus — when Israel launched a deadly offensive against Gaza to halt rocket attacks.


The Palestinians agreed in March to take part in proximity talks but then pulled out after Israel announced plans to build 1,600 homes in annexed Arab east Jerusalem.


After receiving US assurances that the Jerusalem settlement expansion plan would be put on hold, the Palestinians eventually agreed to consider a new attempt at proximity talks and secured Arab League support on May 1.


The Palestinians want east Jerusalem, which Israel captured from Jordan in the 1967 Middle East war, as the capital of their promised state, but Israel considers all of the Holy City to be its “eternal and indivisible” capital.

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Source: SGGP

Exhibition sheds light on domestic violence

In Uncategorized on March 25, 2010 at 3:31 pm




Exhibition sheds light on domestic violence


QĐND – Thursday, March 25, 2010, 21:12 (GMT+7)

A three-day exhibition opened in Hanoi on March 24 to feature the photos, masks and stories of 24 women who have experienced domestic violence.


The 49 photos taken by Jamie Maxtone-Graham portray the women who are all members of clubs set up by the Centre for Studies and Applied Sciences in Gender, Family, Women and Adolescents (CSAGA).


Over three days in January, a group of 24 women from the clubs told stories, sang songs, played theatre games and made masks assigned by a group of young artists.


When the masks were complete, photographer Jamie Maxtone Graham then took portrait photos including the masks so that the women made up one chain of experience, solidarity and togetherness.


“Like their stories, these women are all unique but they have this thing they share and are united in it – both in their experience of domestic violence and in their admission of it. That admission, that is the really difficult work,” said the photographer.


Source: VOVNews/VNA


Source: QDND

Asian markets mixed in light holiday trade

In World on December 29, 2009 at 11:13 am

Asian stocks markets were narrowly mixed in dwindling holiday trade Tuesday after Wall Street posted muted gains. The dollar was moderately higher against the euro and yen. Australian shares led the region, its resource-heavy market powered by stronger prices for oil, gold and other commodities in recent days.


Trade was sluggish and thin across much of the region with many investors out for the holidays and unwilling to place bets toward the end of a year marked by tremendous gains in stocks around the world.


The markets seemed to find little inspiration in figures showing holiday sales in the U.S., crucial for Asia’s big export companies, ticked up slightly from last year. The news helped push Wall Street stocks to their sixth straight gain.


In Japan, the Nikkei 225 stock average rose 6.97 points, or 0.1 percent, to 10,641.20. Hong Kong’s Hang Seng fell 12.99 points, or 0.1 percent, to 21,467.23.








Traders work on the floor of the New York Stock Exchange in this September 16, 2009 file photo.

South Korea’s Kospi dropped 1.3 percent to 1,663.47 and China’s Shanghai index lost 0.3 percent to 3,177.82.


Elsewhere, Australia‘s key index rose 1.1 percent to 4,845.1. India’s Sensex gained 0.2 percent and Singapore’s market added 0.2 percent.


Monday in the U.S., the Dow Jones industrial average rose 26.98, or 0.3 percent, to 10,547.08, its highest close since Oct. 1, 2008. The Dow transportation average fell 24.37, or 0.6 percent, to 4,163.49.


The Standard & Poor’s 500 index rose 1.3, or 0.1 percent, to 1,127.78, and the Nasdaq composite index advanced 5.39, or 0.2 percent, to 2,291.08.


Oil prices hung below $79 a barrel in Asia, with benchmark crude for February delivery down 11 cents to $78.66. The contract settled up 72 cents at $78.77 on Monday after surging above $79 as an extended cold snap in the U.S. triggered an end-of-year rally in energy futures.


In currencies, the dollar rose to 91.69 yen from 91.62 yen. The euro was lower at $1.4373 from $1.4376.


Source: SGGP Bookmark & Share

2 HCMC hospitals get green light for private waste treatment systems

In Uncategorized on November 6, 2009 at 11:18 am








Huong Vuong Hospital has Viet Nhat constructed its wastewater treatment system

The Ho Chi Minh City People’s Committee and Department of Natural Resources and Environment have approved requests by Children Hospital I and Hung Vuong Hospital to invite a private investor to build waste-treatment facilities.


Viet Nhat Company will build them at the two hospitals at a total cost of VND20 billion. The facilities will use infrared technology for processing the waste instead of chemicals.


The hospitals will pay the company VND4,000 to treat one cubic meter of wastewater.

Related article:
City’s hospitals to get new effluent treatment systems


Source: SGGP Bookmark & Share

Chinese group helps bring light to 20,000 cataract patients

In Uncategorized on December 1, 2008 at 2:40 pm


Hanoi (VNA) – The Hanoi Eye Hospital , with assistance of China ’s Mega Group, has conducted cataract surgery for more than 20,000 patients over the last 10 years.

A meeting to mark 10 years of cooperation between the hospital and the Chinese group was held in Hanoi on Nov. 29.

On the occasion, the Minister of Health honoured Mega group’s General Director L.P Anderson and director of the Mega Eye Centre Cung Li Li with the “For the People’s Health.”

In 1998, Mega experts transferred the Phaco technique, the latest in cataract surgery at the time, to the Hanoi Eye Hospital .

In phaco method, an ultra sound or laser probe is used to break the lens apart without harming the capsule. These fragments are then aspirated out of the eye. A foldable intraocular lens is then introduced through the 3m incision. Once inside the eye, the lens unfolds to take position inside the capsule. No sutures are needed, as the incision is self-healing.

The technique is now applied at many local hospitals, including Dong Da, Saint Paul and Bac Thang Long.-

VN, Japan determined to bring corruption to light

In Uncategorized on October 15, 2008 at 12:30 pm

Hanoi (VNA) – On Oct. 14, Vietnam ’s Foreign Ministry spokesman provided the press with information regarding the visit by a Japanese delegation relating to alleged corruption involving Pacific Consultants International (PCI).

Spokesman Le Dung reported that a delegation from the Japanese Foreign Ministry’s Department for International Cooperation, led by Kitera Masato spent September 18 and 19 working alongside relevant Vietnamese agencies on the PCI case.

He said that during those working sessions, the Vietnamese and Japanese officials underlined the fact that their governments are taking the allegations over the PCI case seriously.

The Japanese delegation informed the Vietnamese officials of a number of allegations made by relevant Japanese agencies against PCI and four ex-PCI managers relating to misuse of Japanese ODA in Vietnam .

The two governments reiterated the fact that any cases of corruption relating to ODA-funded projects, including this suspected case, will be investigated thoroughly, leaving no stone unturned.

The Vietnamese and Japanese governments reasserted their determination to combat corruption linked to ODA, said spokesman Dung.

The two governments said they were ready to work together closely so that urgent measures to tackle corruption relating to ODA-funded projects, including establishing a Vietnam-Japan cooperation committee for prevention and fight of corruption in Japan ’s ODA-financed projects in Vietnam , will be implemented.

The Japanese Government is committed to reinforcing its assistance to Vietnam in the fight against corruption relating to ODA-funded projects, including a range of activities to help perfect the legal system and to assure greater transparency in the tender process for ODA-backed projects in Vietnam, added Dung.-

EVN sheds light on power shortage

In Uncategorized on August 11, 2008 at 1:35 pm

HA NOI — Electricity of Viet Nam (EVN) yesterday held a live online forum through which the general public expressed their opinions of the nation’s ongoing shortage of electricity.


During the two-and-a-half-hour question and answer session, EVN received more than 200 inquiries.


The questions targeted EVN’s 2008 projections for production and consumption, the cause of the shortage, policies for attracting investment in the nation’s energy sector, the proposed construction of a nuclear power plant, and effective optimisation of power use.


Some people were critical of EVN, and its lack of accountability for the insufficient power supply.


One said: “While EVN’s capital is large, the frequency of the power cuts keeps growing… EVN should stop pointing the finger of blame at customers for not applying power saving measures.”


EVN’s deputy general director, Nguyen Manh Hung, explained that the corporation forecast electricity consumption for the current dry season to increase 18 per cent. The figure has so far climbed to 19 per cent.


Moreover, in major industrial provinces and cities, consumption has soared to between 23 and 44 per cent in the past three months, further exacerbating the situation.


Hung said a surge in consumption left EVN no choice but to persevere with the power cuts. EVN would always maintain its policy of prioritising the supply of electricity for not only production but everyday life, he pledged.


From over 200 posts, sixty were answered directly while the remainder will be published on the EVN website: tietkiemnangluong.vn. —