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Posts Tagged ‘raises’

Traffic information channel raises VOV status

In Uncategorized on November 20, 2010 at 4:12 pm

Germany raises security alert after attack warnings

In Uncategorized on November 18, 2010 at 6:57 am

Central Bank raises prime rate to 9 pct

In Uncategorized on November 6, 2010 at 7:21 am

ADB raises Vietnam’s economic forecast to 6.7 pct

In Uncategorized on October 13, 2010 at 3:56 am

ADB raises Vietnam’s economic forecast to 6.7 pct

QĐND – Wednesday, September 29, 2010, 20:54 (GMT+7)

The Asian Development Bank (ADB) increased Vietnam’s economic growth forecast for 2010 from 6.5 percent to 6.7 percent while lowering the inflation projection to 8.5 percent.

In its Asian Development Outlook 2010 Update (ADO Update) released in Hanoi on Sept. 28, ADB also revised upward Vietnam’s GDP growth to 7 percent in 2011 from its April forecast of 6.8 percent.

“Vietnam has consolidated its macroeconomic stability, and as a result we are making upward adjustments in our growth forecast for both 2010 and 2011, while lowering the projections for inflation,” said Ayumi Konishi, ADB Country Director for Vietnam.

According to ADB Senior Expert Lei Lei Song, Vietnam is performing well in the context of the global crisis.

“The shift from strong fiscal and monetary stimulus implemented during the global recession to a more balanced policy stance helped to stabilise financial and economic conditions and, together with the global economic recovery, paved the way for solid economic growth this year,” he said.

According to the General Statistics Office, Vietnam’s GDP growth rate reached 6.5 percent in the first nine months of 2010.

Vietnam’s neighbouring economies, such as China, continue their robust growth next year, which will help Vietnam ’s economy grow, Song added.

China’s robust growth will demand more Vietnamese exports, contributing to the Southeast Asian country’s growth, he said.

Vietnam’s exports to China will continue to surge in the future, according to the senior expert.

Director Konishi said as Vietnam is a low-middle-income country in the next ten years, the country will have to face different challenges, including how to raise the efficiency of the economy.

One of the issues Vietnam should focus on in its economic development strategy for the next 10 years is to identify its role in the ASEAN bloc, he said, suggesting the country produce higher value products in its efforts to speed up national industrialisation and modernisation.

He also recommended that Vietnam pay attention to taking measures to narrow income gap in its development plan and attach environment protection to development.

According to Yumiko Tamura, ADB Principle Country Specialist, who is also Country Deputy Country Director, developing Asia countries, including Vietnam, are recovering with speed and vigour.

ADB forecast that these countries will see average growths of 8.2 percent in 2010 and 7.3 percent in 2011.

Source: VNA

Photo: VOV

Source: QDND

BMI raises VN’s GDP growth forecast to 6 percent

In Uncategorized on August 12, 2010 at 7:23 pm

BMI raises VN’s GDP growth forecast to 6 percent

QĐND – Thursday, August 12, 2010, 20:32 (GMT+7)

With evidence of a consumer boom emerging, the Business Monitor International (BMI) boosted its GDP growth forecast for Vietnam this year to 6.0 percent, up from 4.4 percent earlier.

The BMI is predicting that the growth will come out at a vigorous annual average of 6.2 percent over the next five years.

In the “Vietnam Shipping Report Quarter 4 2010”, the BMI is projecting an increase in volume at the Port of Ho Chi Minh City (also known as SNP, SaigonNewPort), up by 6.2 percent, after the 5.2 percent contraction during the slump last year. At Da Nang Port (DNP) it sees this year’s volume gaining by 2.3 percent. Container throughput will also be in positive territory at both ports, up by 3.5 percent at SNP and by 6.2 percent at DNP (where container volumes are much smaller).

According to the BMI, Vietnam’s total imports and exports would see a recovery this year with 5.4 percent growth, followed by a slightly stronger pick-up in 2011, with 6.2 percent growth. Over the next five years, total foreign trade will expand at an annual average rate of 6.5 percent, the BMI calculated, adding that over this period, exports will grow at an average per annum rate of 7.3 percent, ahead of imports at 5.9 percent.

The BMI’s latest report on Vietnam wrote that though the possibility of the trade deficit and inflation both rising too sharply in the time to come, strong inflows of foreign direct investment would help as a counterweight on the foreign payments front, and also play a role in improving the country’s stretched infrastructure.

The BMI was in the opinion that in the second half of 2010 there are further signs of catch-up investment in Vietnam’s ports after a contract signed in June between the Gemalink Joint Stock Company and the Republic of Korea alliance Dealim-SAMWHA to develop the Gemalink Cai Mep Container Terminal and announcement in October 2009 by Japan’s largest shipping company, Mitsui OSK Line (MOL) of its plan to set up a terminal operation company to build and manage a new container terminal at Cai Mep.

Source: VNA

Photo: vinashinsoutheast

Source: QDND

AIDS charity Life Ball raises 1.5 mln euros

In Uncategorized on July 22, 2010 at 11:17 am

VIENNA, July 22, 2010 (AFP) – Vienna’s glitzy AIDS charity Life Ball last weekend raised 1.5 million euros (1.9 million dollars) for international and national HIV and AIDS projects, organisers said Thursday.

This year’s event on the square in front of the Austrian capital’s neo-Gothic Town Hall and attended by former US president Bill Clinton and Hollywood actress Whoopi Goldberg was marred by heavy thunder storms and cloudbursts.

“If the weather had been better, the amount of money raised would probably have been even higher,” commented organiser Gery Keszler.

Nevertheless, tens of thousands of gays, lesbians, drag queens and their friends, all dressed in outrageous costumes, paid between 75-150 euros for a ticket to the 18th annual fashion-show-cum-party event, aimed as a brilliant and dazzling pendant to Vienna’s stiff and haughty Opera Ball much earlier in the year.

Picture shows new HIV protection gel for women on July 21, 2010 during the 18th International AIDS Conference in Vienna.AFP PHOTO

Also in Vienna, the 18th World AIDS conference, which runs until Friday, is being attended by some 25,000 experts, health professionals and policy makers to discuss progress in fighting AIDS and look at ways to provide further prevention and treatment against the HIV virus which causes it.

Source: SGGP

Exhibit raises money for poor children, photographers

In Uncategorized on April 1, 2010 at 12:36 pm

A photo display to raise money for poor children and photographers, titled “Vietnam’s Vitality 2,” is running at the Ho Chi Minh City Exhibition House until April 4.

A picture by  photographer Tran Duy Thuc is being held at the exhibition.

The exhibit introduces viewers to 92 vivid, realistic and diversified pictures of the Vietnamese land and people by 44 domestic photographers.

People can contribute to the charity fund by purchasing individual photos or a book of the exhibit.

Fifty percent of the proceeds will be donated to poor senior photographers and disadvantaged children in HCMC’s Can Gio District.

Artist Vi Quoc Hiep will also be on hand to paint portraits of viewers during the exhibition at 92 Le Thanh Ton Street, District 1, HCMC.

Hiep’s paintings are known for evoking the exquisite and sophisticated beauty of the resort town of Da Lat in the central highland province of Lam Dong.


Source: SGGP

World raises nearly 10 bln dlrs for quake-hit Haiti

In Uncategorized on April 1, 2010 at 5:11 am

International donors pledged nearly 10 billion dollars to help shell-shocked Haiti recover from last January’s devastating earthquake.

The 9.9-billion-dollar pledge from some 50 donors includes 5.3 billion dollars for the 2010-2011 period, far in excess of the 3.8 billion that was sought by conference organizers for that period.

That target was meant to fund a 4.0-billion-dollar action plan put forward by the Haitian government to fund reconstruction projects over the next two years in the poorest country in the Americas.

“The member states and international partners have pledged 5.3 billion dollars for the next two years and 9.9 billion dollars in total for the next three years and beyond,” UN chief Ban Ki-moon told a press conference wrapping up the meeting.

“Friends of Haiti have acted far beyond expectations.”

The aim of the meeting was to help the battered Caribbean country “build back better” after the 7.0-magnitude quake on January 12 leveled parts of its capital Port-au-Prince, killing at least 220,000 people and leaving 1.3 million homeless.

L-R: US Secretary of State Hillary Clinton, UN Secretary-General Ban Ki-moon, Haitian President Rene Garcia Preval and former US President and UN Special Envoy for Haiti Bill Clinton attend the opening session of the International Donors Conference

Wednesday’s biggest contributions came from the United States and the 27-member European Union.

Several dignitaries emphasized the need to follow through on the pledges, which Ban said “will be published and tracked by a Web-based system” established by the UN and Haiti.

Reconstruction will be Haitian-led, inclusive, accountable, transparent, coordinated and results oriented,” US Secretary of State Hillary Clinton told the press conference.

The US chief diplomat, co-hosting the conference with Ban, offered 1.15 billion dollars, saying the funds would go toward supporting Haiti’s plan “to strengthen agriculture, energy, health, and security and governance.”

The EU meanwhile pledged an additional 1.6 billion dollars, with France offering to disburse 180 million euros (243 million dollars) in 2010-2011 for food and the restoration of government authority.Facts: Haiti quake and UN donor conference

EU foreign policy chief Catherine Ashton told the meeting that the EU contribution was on top of 295 million euros already pledged, bringing total EU public and private contributions “close to three billion dollars.”

Some 138 countries, international bodies such as the World Bank and the International Monetary Fund, non-governmental organizations and Haitian expatriates took part in the one-day conference.

Officials have estimated Haiti needs 11.5 billion dollars in aid for reconstruction over the next 10 years.

Stressing the need not to repeat past errors in helping impoverished Haiti, Clinton appealed to the world to “do things differently” this time.

“We cannot retreat to failed strategies,” she added. “We need Haiti to succeed.”

Her husband, US special envoy to Haiti and former US president Bill Clinton meanwhile said that he and the Haitian Prime Minister Jean-Max Bellerive would lead an Interim Haiti Recovery Commission (IHRC) tasked with overseeing the pledges.

The IHRC, which will have an 18-month mandate, is meant to give the Haitian government “influence over how and where aid is spent and will ensure that the reconstruction is well coordinated” and addresses the needs of all Haitians.

UN Development Program administrator Helen Clark joined calls to put “the government and people of Haiti… in the driver’s seat of the recovery” and stressed the need to involve civil society, the private sector and the Haitian diaspora.

The World Bank meanwhile said it would provide 479 million dollars in aid through June 2011, of which 250 million was new funding.

World Bank President Robert Zoellick called for another meeting in six months’ time, coinciding with the annual General Assembly session in September to assess the progress.

“This is an opportunity to go from tragedy to trying to do something very differently, and the key to this is to be able to combine capable Haitian ownership with an effective donor partnership,” he noted.

He said this would require “budget support to help the Haitian government.”

“To make this easier for the various donor countries, the Bank will be serving as the fiscal agent for the multidonor trust fund, that we’ve helped set up with the other international agencies so as to try to assure stronger fiduciary controls,’ he added.

International Monetary Fund Managing Director Dominique Strauss-Kahn described the conference as “a unique occasion to try to rebuild the Haitian economy” and said the proposed Trust Fund was “the right way to move forward.”

Among other key donations, Canada, a major provider of aid to Port-au-Prince, said it would also chip in with 400 million Canadian dollars (390 million US) while Brazil pledged 172 million dollars, including 15 million in direct budget support for the Haitian government.

Japan offered 30 million dollars in addition to 70 million already announced.

Source: SGGP

Rio trial raises concerns for foreign firms: Australia

In Uncategorized on March 30, 2010 at 9:18 am

SYDNEY (AFP) – Australia warned on Tuesday that China’s handling of a corruption trial for four Rio Tinto workers had raised serious questions for foreign firms doing business with the emerging power.

A Shanghai court Monday sentenced Australian executive Stern Hu to 10 years in jail after convicting him, along with three Chinese colleagues, of industrial spying and pocketing substantial bribes.

Security personel sit among waiting journalists outside the Shanghai No.1 Intermediate People’s Court. AFP photo

Australia’s Prime Minister Kevin Rudd condemned bribery but voiced reservations about the commercial espionage conviction, which was dealt with behind closed doors.

“The trial on the second charge was held in secret with no media and no Australian officials present for it. This has left therefore serious unanswered questions about this conviction,” Rudd told reporters.

“In holding this part of the trial in secret, China I believe has missed an opportunity to demonstrate to the world at large transparency that would be consistent with its emerging global role.”

Anglo-Australian Rio, one of the world’s biggest mining companies, moved quickly to sack the four for their “deplorable” behaviour and said it hoped the case would not affect ties with China, its biggest customer.

But Foreign Minister Stephen Smith said the case could raise concerns for foreign companies doing business in China, particularly regarding its definition of commercial secrets.

“There is no clarity from China here as to whether we are dealing with what the international business community… would simply regard as the normal ebb and flow of commercial discussions or commercial information,” he said.

“It was, in our view, a lost opportunity and that’s obviously had repercussions for Stern Hu and the other three employees but it may well have repercussions in terms of the international community’s dealing with China.”

Smith told Sky News that the foreign companies were unlikely to cut off relations with China, where rapid growth is seen as the engine for a global economic recovery, based on the case.

But he said: “We want China to emerge not just economically but as a responsible international citizen.”

Australian business backed the government’s call for greater clarity, with the Australian Chamber of Commerce and Industry describing the fact that consular officials were excluded from part of the trial as worrying.

“Australian business executives doing business in China need to recognise different political and legal contexts and put in place management infrastructure to deal with these issues,” said the chamber’s Nathan Backhouse. Australian National University academic Ann Kent said the stiff sentences handed to Hu and his colleagues, who face between seven and 14 years behind bars, would serve to remind foreign firms “to be very careful” in China.

“It sends a message to them that they also need to avoid appointing to executive positions in China people who are former Chinese nationals and are therefore very vulnerable to this kind of treatment,” she said.

Rudd added that Australia’s relations with its top trading partner would not be affected by the case, which caused a temporary chilling of ties last year.

“I believe the bilateral relationship will sustain these sorts of pressures,” Rudd said. “We’ve had disagreements with our friends in Beijing before, I’m sure we’ll have disagreements again.”

Source: SGGP

HCMC art auction raises VND200 mil for charity

In Uncategorized on March 24, 2010 at 5:58 am

The Consular Club’s Charity Art Auction raised over VND200 million in an charity auction in Ho Chi Minh City last week, said  the club representative on Tuesday.

Visitors enjoy photographs in the auction in HCM City on March 12. (Photo: Huynh Thao)

Themed “Buying art to make a difference,” the auction showcased nearly 100 paintings, decorative art, and photographs by local Vietnamese and expatriate artists. Both professionals and amateurs, all who share a commitment to support communities across Vietnam, contributed to the event.

Heleen Schellaars –Van Berkel, president of the Consular Club, said “With this year’s auction we aim to extend our reach, and deepen our impact to improve the lives of disadvantaged people in Vietnam.”

The club says all proceeds from the annual event go to charity projects and that by utilizing volunteers, no money is lost in administrative costs.

In 2009, the Charity Art Auction sold 97 artworks, including paintings by well-known local artists such as Do Hoang Tuong, Tran Thuy Linh, and Nguyen Than.

Last year’s auction also contributed to the over VND1 billion raised by the Consular Club in 2009. These funds have already benefited 20 charitable projects, according to the club.


Source: SGGP Bookmark & Share