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Posts Tagged ‘news’

VN-Index slumps over bad news

In Uncategorized on December 16, 2010 at 10:08 am

Vietnam’s benchmark VN-Index plummeted for two consecutive day on December 8 due to bad economic news and profit-taking.

Lending interest rates raised to 17.6 percent per annum at some commercial banks this morning.

Foreign creditors disapproved of Vinashin’s proposal to delay the payment of its debts.

The gauge of of 270 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange gave up 1.72 percent, or 7.93 points, to close at 452.83 points.

Of the index, only 20 stocks gained, 234 dropped, while 21 treaded water.

Trading volume reached 72.5 million shares worth VND1.6 trillion, a decrease of 14.73 percent in volume and nearly 19 percent in value.

Saigon Securities Inc. (SSI), the country’s largest brokerage, was the most active share in volume with 5.36 million shares changing hands.

It was followed by Investment and Trading of Real Estate Joint stock Company (ITC) with 3.01 million shares traded.

Viet – Han Corporation (VHG) tagged along with 2.81 million shares changing hands.

Binh Duong Construction and Civil Engineering Joint Stock Company (BCE) nose-doved 21.3 percent. The company will issue 10 million additional shares, of which 9.4 million shares will be sold to its current shareholders at a ratio of 100:47, 300,000 shares to its employees, and the rest to strategy investors at a price of VND10,000 per share.

Other losers on the city bourse included Southern Rubber Industry Joint Stock Company (CSM), Ha Tien 1 Cement Joint Stock Company (HT1), and Long Giang Investment and Urban Development Joint Stock Company (LGL).

Becamex Infrastructure Development Joint Stock Company (IJC) revived 4.94 percent to VND17,000.

TMT Automobile Joint Stock Company (TMT) advanced for five straight days, adding up 4.76 percent to VND17,600.

Sugar producer Société De Bourbon Tay Ninh (SBT) also surged the fifth day, closing up 4.58 percent to VND13,700.

Meanwhile, the Hanoi’s HNX-Index contracted 3.23 percent, or 3.69 points, to close at 110.5 points. Around 66.7 million shares changed hands at VND1.3 trillion.

The UPCom-Index adjusted by 0.84 points to 39.83 points this morning. A total of 200,000 shares changed hands at a value of VND2.4 billion as of 11:10 am local time.

Source: SGGP

News Corp. set to unveil iPad newspaper, ‘The Daily’

In Uncategorized on November 22, 2010 at 10:07 am

Stocks nosedive over bad news

In Uncategorized on October 21, 2010 at 11:52 am

Movements of VN-Index on October 20. (Photo:’s benchmark VN-Index plummeted the most in one month on October 20 as investors lost patience on speculation that losing trend would maintained further. Most investors resigned themselves cutting losses at the lowest prices.

In addition, tumbles of global stock markets because of an unexpected interest-rate increase by China also damaged local investors’ confidence.

The shares of 264 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange plunged 2.66 percent, or 12.08 points, to finish at 442.17 points.

Trading volume significantly improved over the previous trading session. Around 41.25 million shares changed hands at more than VND1 trillion, an increase of 22.6 percent in volume and 12.33 percent in value.

Among the index members, only 15 stocks advanced, 236 slumped, while 18 moved flatly.

Ocean Group Joint Stock Company (OGC), which traded 1.55 million shares today, was the most active share in volume.

Refrigeration Electrical Engineering Corporation (REE) followed with 1.42 million shares changing hands.

Investment and Trading of Real Estate Joint Stock Company (ITC) came in third with 1.27 million shares.

On the measure, there were 11 shares which sank the maximum allowed limit of 5 percent, leading by sweet producer Bibica Corporation (BBC), Cadovimex Seafood Import-Export and Processing Joint Stock Company (CAD), and Saigon Garment Manufacturing Trade Joint Stock Company (GMC).

Today, 799,927 bonus shares that Cadovimex Seafood Import-Export and Processing Joint Stock Company (CAD) issued to reward its current shareholders officially traded on the city bourse.

Among a few gainers, DESCON Construction Corporation (DCC) surged 4.69 percent to VND26,800.

The smaller bourse in the north also nosedived as the Hanoi’s HNX-Index collapsed 3.67 percent, or 4.28 points, to close at 112.28 points. Liquidity increased by 27.94 percent in volume and 12.81 percent in value as 35.6 million shares traded at VND662.75 billion.

The UPCoM-Index clipped 0.29 points to 42.73. Around VND3.28 billion were spent on 237,000 shares this morning.

Source: SGGP

Stocks gain on good news

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

Movements of VN-Index on September 28. (Photo: on the Ho Chi Minh Stock Exchange rose on September 28 as the amended Circular 13 promises to create better conditions for cash flow and stock markets.

The State Bank of Vietnam would continue to keep benchmark interest rate at 8 percent in October. In addition, Vietnam’s GDP exceeded a year’s goal for the first time, helped to brighten the economic picture.

VN-Index, which tracks 259 companies and five mutual funds, bounced 1.1 percent, or 4.93 points, to finish at 455.13 points, the highest level in the past five trading sessions.

Liquidity on the city bourse increased 5 percent in volume, and 10 percent in value over the previous day. Around 38.9 million shares changed hands at a value of VND1.05 trillion.

On the index, there were 150 winners. The number of losers was the same as the number of unmoved stocks at 57.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) won the position of most active share by volume with 3.06 million shares changing hands.

Ocean Group Joint Stock Company (OGC) fell to the second rank with 2.68 million shares traded.

Petro Capital & Infrastructure Investment Joint Stock Company (PTL) came in next with 1.22 million shares.

Nari Hamico Minerals Joint Stock Company (KSS), which sprang 4.96 percent to VND36,000, was the biggest gainers.

Binh Thuan Hamico Mineral Joint Stock Company (KSA) and South Logistics Joint Stock Company (STG) both advanced 4.76 percent to VND55,000, and VND35,200 respectively.

From September 6 to 20, Saigon Thuong Tin Investment Co., major shareholder of South Logistics Joint Stock Company (STG), sold 386,000 shares, reducing its holdings to 386,619 shares, accounting for 4.63 percent of the company’s issued shares, to restructure its investment category.

Construction company Chuong Duong Corporation (CDC) climbed 4.73 percent to VND31,000.

Decliners included TMT Automobile Joint Stock Company (TMT), Viet Thang Aquafeed Joint Stock Company (VTF), and Saigon Fuel Company (SFC).

The smaller bourse in the north also edged up as the Hanoi’s HNX-Index added 0.24 points, or 0.18 percent, to 130.17 points. Trading volume on the northern floor jumped by 30 percent over the previous session as 34.6 million shares traded at VND981 billion.

The UPCoM-Index inched up 0.17 points to 47.13. The market of unlisted shares saw 0.25 million shares changing hands, worth VND4.2 billion, as of 11:15 am local time.

Source: SGGP

News about GM foodstuff incorrect: scientist

In Uncategorized on October 14, 2010 at 6:25 pm

Public concerns have been raised to the news that genetically modified foods are harmful, Ph.D. Nguyen Quoc Binh, a Vietnamese-Canadian scientist, deputy director of the HCM City Bio-technology Center, said it is not correct.

GM foodstuffs are not as harmful as the articles say

The website, The voice of Russia, April 16, 2010 had an article “Russia says genetically modified foods are harmful” and Jeffrey Smith re-publicize it on Huffington Post with different title on April 20 and next day an electronic website in Vietnam translated the article on The voice of Russia and posted an article with impressive title “Russia announced genetically modified foods are harmful”. After reading the articles, checking information sources, Binh disagreed with the article on Vietnamese website.

The original article on The voice of Russia says; ”Russia has started the annual Days of Defense against Environmental Hazards from the 15th of April to the 5th of June with the announcement of sensational results of an independent work of research. Scientists have proved that Genetically Modified Organisms are harmful for mammals. The researchers discovered that animals that eat GM foodstuffs lose their ability to reproduce. Concerning the experiment carried out jointly by the National Association for Gene Security and the Institute of Ecological and Evolutional Problems, Dr. Alexei Surov has this to say. “We selected several groups of hamsters, kept them in pairs in cells and gave them ordinary food as always,” says Alexei Surov.

“We did not add anything for one group but the other was fed with soya that contained no GM components, while the third group with some content of Genetically Modified Organisms and the fourth one with increased amount of GMO. We monitored their behavior and how they gain weight and when they give birth to their cubs. Originally, everything went smoothly. However, we noticed quite a serious effect when we selected new pairs from their cubs and continued to feed them as before. These pairs’ growth rate was slower and reached their sexual maturity slowly. When we got some of their cubs we formed the new pairs of the third generation. We failed to get cubs from these pairs, which were fed with GM foodstuffs. It was proved that these pairs lost their ability to give birth to their cubs,” Dr. Alexei Surov said.

However, Ph.D Binh said he did not find any newspaper in Dr. Alexei Surov’s Severtsov Institute of Ecology and Evolution to prove that Dr. Alexei Surov has written such information and no article has same content with what on The voice of Russia. Therefore, the news lack of scientific evidence and it is not exact.

In addition, the title Russia says genetically modified foods are harmful meanwhile other newspapers only say a Russian says. It is clear that there is a big gap between Russia and a Russian says. It is groundless rumor that can caused loss to farmers as a few years ago, after a newspaper released the news that eating grapefruit can cause cancer, farmers who grow the fruit were in despair when they couldn’t sell the product.

Also on The voice of Russia; “The results of Russian scientists coincide with those of their colleagues from France and Austria. For one, when scientist proved that GM maize was harmful for mammals, France banned immediately its production and sale.” This news is not correct as French government has not banned production and sale of GM products but vice versa. For instance, European community decided to allow imported genetically modified maize is sold in its countries.

It should carefully consider publicizing news to avoid false information that can raise public concerns and badly affect to farmers.

Source: SGGP

Stocks tumble over bad news

In Uncategorized on August 12, 2010 at 11:25 am

Vietnam’s benchmark VN-Index plunged on August 12, marking its steepest loss since the end of May, after revising the previous day, due to negative movements within global markets.

Losing momentum enhanced during the trading session, prompting the shares of 253 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange to give up 14.72 points, or 3.18 percent, to finish at 448.4.

Among the index members, only 8 gained, 236 went down, while 14 were flat.

Investors bought cautiously, especially after receiving information that the US stock market sharply fell. Red quickly flooded the electronic trading board. Buyers and sellers mostly met at price floor.

However, some investors tended to catch bottom, helping liquidity on the city bourse to maintain a fair level.

Around 49.7 million shares changed hands at VND1.29 trillion, an increase of 24 percent in volume, and 18 percent in value over the previous day.

Refrigeration Electrical Engineering Corporation (REE) was the most active stock in volume with 2.33 million shares changing hands. Saigon Thuong Tin Commercial Bank or Sacombank (STB) ranked second with 1.8 million shares.

The country’s largest brokerage Saigon Securities Inc. (SSI) chased after with 1.64 million shares traded.

Vietnam Sea Transport and Chartering Joint Stock Company (VST) dropped for the fourth day in a row, eroding 25.26 percent to VND14,200. The company will issue around 7 million shares to reward its current shareholders at a ratio of 100:17.5, and 12 additional shares to sell to the same beneficiary at a price of VND10,000 per share and a 10:3 ratio.

Thien Nam Trading Import Export Corporation (TNA) lost 7.72 percent to VND28,700. The company’s pre-tax profits in the first seven months of this year reached VND25 billion, up 131.64 percent year-on-year, meeting 62.53 percent of this year’s goal.

Khang Dien House Trading and Investment Joint Stock Company (KDH) contracted 7.71 percent to VND39,500. It will issue 9,960,000 additional shares to sell to its current shareholders at a price of VND25,000 per share and a ratio of 10:3.

Seafood producer Vinh Hoan Corporation (VHC) traded up 4.79 percent to VND48,100. Ha Tien Transport Joint Stock Company (HTV) climbed 4.36 percent to VND38,300. Chuong Duong Beverages Joint Stock Company (SCD) advanced for the first time in three days, gaining 4.18 percent to VND27,400.

Hanoi-based HNX-Index slumped 5.1 percent, or 7.09 points, to 132.03. Trading volume was at 37.4 million shares, worth VND885 billion. The UPCoM-Index slid 1.07 points to 48.31. Around VND4.2 billion were spent on 300,000 shares.

Source: SGGP

VNA’s news for foreign services honoured

In Uncategorized on August 6, 2010 at 3:20 pm

VNA’s news for foreign services honoured

QĐND – Friday, August 06, 2010, 20:44 (GMT+7)

The News for Foreign Service Department of the Vietnam News Agency (VNA) has received the State’s Independence Order, third class, in recognition of its contributions to the country’s foreign news services.

At a ceremony to receive the Order in Hanoi on August 5, VNA Director General Tran Mai Huong affirmed that news for foreign services is always the foundation of VNA.

He stressed that in the transition from a traditional newswire agency to a powerful national communications group to meet news requirements in the new circumstance, VNA seeks to develop a variety of news products, including news for foreign services.

The VNA leader noted that the News for Foreign Service Department’s 65-year tradition, and especially contributions by its older generations, always serves as a fulcrum for its younger staff to further raise their sense of responsibility to and quality of the news they publish.

On the VNA’s founding day (September 15, 1945), the News for Foreign Service Department also made its first debut with the publication of the country’s Declaration of Independence in English and French languages.

During the two resistance wars against French colonialists and American aggressors, the News for Foreign Service Department played a key role in keeping foreign readers updated with developments of the wars.

It is noteworthy that that during the Vietnam War, the department’s English, French, and then Spanish bulletins greatly helped foreign readers and friends gain good understanding of the situation in Vietnam and the Vietnamese people’s just war.

When Vietnam entered a new phase of renovation and international integration, the News for Foreign Service Department has proved itself as one of mainstream and key foreign news channels to bridge the country with others around the world.

The department has exchanged news in English, French and Spanish with foreign news agencies partnered with VNA. Especially, its English bulletin is provided for the Vietnamese Foreign Ministry, the NNN website of the Non-Aligned Movement and the Oorganisation of Asia-Pacific News Agencies (OANA).

Apart from English, French and Spanish bulletins, the Department plans to launch its own Chinese bulletin on the occasion of VNA’s 65 th founding anniversary.

Everyday, news in English, French and Spanish are updated on VNA’s official website, Vietnamplus, to disseminate current events in Vietnam as well as the country’s viewpoints on regional and international issues.

Source: VNA

Source: QDND

Screws tightened on news portals’ sourced material

In Uncategorized on August 3, 2010 at 3:23 pm

Screws tightened on news portals’ sourced material

QĐND – Tuesday, August 03, 2010, 21:12 (GMT+7)

General news portals which want to present information from another source have to ensure they use accredited and reliable sources and feature accurate quotes, according to a latest decree on web portal management published by the Ministry of Information and Communications.

A formal source of information, as defined in the decree, includes official websites of Vietnamese newspapers or web portals of Party and Government offices in accordance with the Journalism and Intellectual Property Laws.

News portals which copy original sources will have to list the original publication, name of author and date of publication.

According to Nguyen Thi Thanh Huyen, from the ministry’s Administration for Radio Broadcast, Television and E-Information, which compiled the decree, this requirement is to address a situation where the content of an original news story is published, but is later modified by web portals.

“This will require the web portals to be more responsible with news they collect,” she said.

This decree also prohibits general news portals to provide, transmit, advertise or put direct web links to illegal sources of information. They include the utilisation and provision of information that violates privacy, intellectual property or contains the depiction of sexually explicit activities and erotic content.

Nguyen Hoang Tuan Anh, external affairs director of the VNG Company, owners of a popular news portal, said the requirement to only use information from formal sources appeared to limit the news portals activities.

He said: “The limitation should be imposed based on the fields of information rather than on the sources. For example, when it comes to politics or religion, I agree that we should be cautious when publishing related stories. But how about entertainment news such as football and fashion, I don’t think a variety of sources of such information does more harm than good.”

Organisation and enterprises which own the web portals have to submit a report on their activity every 12 months, while the interval for report submission of those which are the providers of social network services is six months.

Anh, whose company also provides a social network service, said it was necessary for providers to submit reports so that the authorities could track their activities.

“The data collected from providers will help policy-makers develop sound policies that will reflect the rapid development of this new type of web service.”

Managers of web portals are also required to be of Vietnamese nationality and permanent residence in Viet Nam and holding a bachelors degree is mandatory.

The regulation will take effect from September.

Source: VietNamNet/Viet Nam News






Source: QDND

Media agencies asked to raise news quality

In Uncategorized on June 21, 2010 at 4:32 pm

Media agencies asked to raise news quality

QĐND – Monday, June 21, 2010, 22:17 (GMT+7)

The National Assembly, Party and Government leaders have asked the media to further enhance its news quality while asserting its important role in social life.

At his meeting in Hanoi on June 20 with journalists on the occasion of Vietnam’s 85th Revolutionary Journalism Day (June 21), NA Chairman Trong praised the media as “a close friend” and “an important information channel” of the National Assembly.

“Whether the National Assembly’s sessions can drum up public interest or not are largely attributed to the press,” Chairman Trong said, urging the media to improve the quality of coverage so that readers can understand the legislative body’s activities more thoroughly.

He particularly hailed the press in general, and the newspapers of the NA in particular, for disseminating information on activities related to the NA, its committees and the people’s councils.

Mr Trong said he expects the media to focus more on covering positive trends in society and combating negative phenomena as well as sabotage schemes under the guise of democracy and human rights to undermine the national unity.

The same day, To Huy Rua, who is politburo member, secretary of the Communist Party of Vietnam Central Committee (CPVCC) and head of the CPVCC’s Education Commission, visited the Vietnam News Agency (VNA).

Rua spoke highly of the VNA’s contributions to the national construction and development, emphasising that the VNA has successfully fulfilled its role and responsibility as an important and reliable strategic information channel of the Party and State. Its provision of timely and accurate information has served well the policy-making and execution as well as meeting the research and information demands of other agencies.

He also affirmed that the VNA has well performed its tasks to bring the news to the Vietnamese community and foreign friends abroad.

The VNA should continue to raise the quality, effectiveness and competitiveness of its services, and develop the multi-media news service, including the creation of its own television channel, Mr Rua noted, expressing hope that the country’s only news agency will be able to keep pace with regional and international news agencies.

Later, Mr Rua made a tour of the Nhan Dan (People) newspaper, Radio the Voice of Vietnam, the Communist Review, the Quan doi Nhan dan (People’s Army) newspaper, the Vietnam Television, the Cong an Nhan dan (People’s Police) newspaper, and the Journalism and Propaganda Institute.

Congratulating the journalists on their anniversary, Mr Rua asked the media to focus on covering on Party congresses at all levels in preparation for the 11thth National Party Congress, and the implementation of the campaign “Studying and following the moral example of President Ho Chi Minh” and other major events in 2010.

The same day, Deputy Prime Minister Nguyen Thien Nhan held a working session with the staff of the Governmental e-portal, where he asked them to improve the accuracy, timeliness and efficiency of the information.

The portal should also provide in-depth analysis of the Government’s viewpoints and policies to help the public gain a better understanding, Mr Nhan said.

Source: VNA/PANO

Source: QDND

News exhibition celebrates Press Day

In Uncategorized on June 18, 2010 at 4:26 pm

News exhibition celebrates Press Day

QĐND – Friday, June 18, 2010, 20:47 (GMT+7)

Old editions of newspapers are currently being displayed at an exhibition in Hanoi to mark the 85th anniversary of Vietnam’s Revolutionary Press Day (June 21).

The exhibit offers visitors with a chance to view the early editions of Vietnam’s first publications.

The event, which is being hosted by, features more than 100 newspapers and magazines that were published between 1865 and 1954.

According to a member of the event’s organisation board, Le Tuan Anh, the display showcases only the first period of the development of the Vietnamese press, which was dominated primarily by the publication of revolutionary periodicals.

The first national Vietnamese-language newspaper, Gia Dinh, which was released on April 15, 1865 in Sai Gon, is being showcased at the event.

A copy of the first northern newspaper, Dai Nam Dang Co Nhat Bao, is also on display. Released in 1907, the bilingual publication was printed in Vietnamese and Han Chinese characters.

The exhibit also feature a historic copy of the French paper, Le Paria (Pariah), which was founded by a group of patriots that included Nguyen Ai Quoc (President Ho Chi Minh). The Paris-based newspaper, which focused on issues and conflicts in France ‘s colonies, was first printed on April 1, 1922.

“Almost all of the samples on display at the event were collected by employees from,” Tuan said.

A lecture about the contribution of the newspapers during the exhibit’s respective historical period was delivered on June 15. Several scholars and veteran journalists contributed to the discussion.

The display is being held at the Hanoi Library at 47 Ba Trieu street and is open to the public until June 20.

Source: VNA

Source: QDND