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Posts Tagged ‘reduce’

Two foreign drug makers promise to reduce medicine prices

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

Two pharmaceutical enterprises promised to decrease some medications under the proposal of the Vietnam Drug Administration (VDA).

Cardiovascular drug Vasterel will be decreased 10 percent as  Les Laboratoires Servier  promises to reduce its price

In response to VDA’s appeal to foreign pharmaceutical enterprises in Vietnam for reducing prices of drugs, Ebewe Pharma GmbH Nfg. KG of Austria and Les Laboratoires Servier of France sent a notification to VDA to say they will reduce prices of specific drugs for treatment of cancer, heart diseases, diabetes and antibiotics.


Austria’s pharmaceutical companies said it will decrease 16 medications over 31 for treatment cancer diseases. Its products will have an average decrase from 5 percent to 12 percent.


Meanwhile France said it decreased by 7 percent for drugs for treatment diabetes (Diamicron 80mg) and 10 percent for cardiovascular disease medicines (Vastaren).


In addition, GlaxoSmithKline (GSK) is considering reducing prices of some drugs with huge turnover and quantity, including antibiotic for adults and kids.


Especially, these companies pledged to keep stable supply of specific drugs in hospital pharmacies.

Source: SGGP

Initiative aims to reduce blindness

In Uncategorized on December 16, 2010 at 9:58 am

Vietnam is striving to reduce blindness to 0.3 percent by 2020 in an effort to complete its commitment to Vision 2020 – a global initiative for the elimination of avoidable blindness.

A doctor of An Sinh Hospital examines eyes of a poor woman ( Photo: Thanh Binh)

“We have to control the main causes of blindness like cataracts, refractive error and glaucoma by providing surgery for at least 170,000 to 300,000 cataract cases each year and eliminating trachoma by 2013,” said Director of the Vietnam National Institute of Ophthalmology (VNIO) Do Nhu Hon at the National Conference on Blindness Prevention 2010 on Dec. 11.


The VNIO said that Vietnam has around 370,000 blind people among nearly 2 million visually impaired people, about 0.59 percent of the population, and that around 700,000 cataract cases and 80,000 entropion cases across the country needed surgery as soon as possible.


“Our survey said that more than 30 percent of blind people in Vietnam do not realize that their illness can be treated and around one-third of the blind cannot afford treatment,” stressed Hon.


Authorities will focus activities on establishing an eye care network for children in all key cities and regions of the country along with further strengthening medical facilities and techniques as well as a communication program to raise awareness in communities on eye care and eye disease prevention, according to Hon.


A rapid increase in the refractive error rate to 15 percent of the population in rural areas and 40 percent in urban areas along with a lack of financial resources and inadequate public knowledge are challenges for the ophthalmology sector in Vietnam.


Health sector statistics show that more than 130,000 cataract surgeries were performed during the 2009-10 period, of which 30,000 were carried out by private medical clinics. Vietnam has around 14.5 optometrists per 1 million people and, at the district level, there are only 202 for 692 districts nationwide.

Source: SGGP

Social contributions will help reduce student dropouts in Mekong delta

In Uncategorized on December 16, 2010 at 9:37 am

Pham Vu Luan, Minister of Education and Training said at a conference in the Mekong delta province of Dong Thap thousands of students have stopped attending school and we need more social contributions to help these students.

Needy students in the province Vinh Long are given free meals, contributed by the teachers (Photo: SGGP))

Addressing the meeting, Luan pointed out the reasons why students are dropping out of school. He said this was due to the students’ poor academic performance and financial problems in the students’ families.


However, it is difficult to remedy this issue. The academic year 2010-2011 has seen a high percentage of students dropping out of school. That is 0.34% of the primary students, 2.28% percent of junior students and 3.53% of senior students leave school.


The Mekong delta province of Soc Trang, An Giang, Dong Thap, Bac Lieu and Long An have the most dropouts; with 9.35% in Soc Trang, 5.6% in Kien Giang and over 3% in Long An and Dong Thap.


Trieu Minh Duc, a schoolteacher of Hoang Dieu High School in Soc Trang, said teachers have visited the students in their homes, encouraging them to return to study. However, many of them now worked in factories in the Southern provinces of Can Tho, Binh Duong and Ho Chi Minh City. The parents have informed the teachers, that the children have decided to work in the factories, rather than return to school. 


Minister Luan said that we need more social contributions and changes in education in the attempt to stop the drop out rate from students. The parents and the community at large should not leave this problem for the teachers to solve.


Minister Luan also said, “The departments of Education and Training and the local government authorites need to have more coordination, so that we can create a better teaching environment for our students, encouraging them to attend school.


The provinces have adopted certain strategies to stop students leaving school early. The department of Education and Training in the province An Giang has implemented a movement called ‘one tutors one’. This means that one good academic student will tutor a student that has a poorer performance at school.


Meanwhile, the department of Education and Training in the province Hau Giang called for the contributions of teachers to assist low-income students and their families. Teachers have contributed VND10, 000 to100, 000 dong each to the fund. The department has collected nearly VND200 million in the aid to help disadvantaged students. With this kind of assistance, many students can now stay on at school.


In addition, the Committee party from Hau Giang province has ordered all agencies, organizations and companies to help sponsor low-income students. Over 300 schools have received support from their benefactors. Over VND5 billion (US$250,000) have been raised for low-income students in the academic year 2010-2011.


The Mekong delta province of Dong Thap has also implemented certain strategies so that schools can keep in close contact with the parents of the students. These strategies include informing parents about the progress of the student while at school. Developing and implementing extra school activities in the attempt to persuade students to stay at school. Informing parents of the negative influences that computer games have on students. Finally, explaining to the parents that some students force and coerced students, into ‘playing truancy’.


Furthermore, the province of Soc Trang has constructed houses for low-income students and their families. In the province of Vinh Long, teachers have provided free meals for students whose homes are far away from the schools.


To conclude, these strategies have been implemented in the attempt to decrease the dropout rate from students. However, it requires more support from many individuals and organisation to maintain.

Source: SGGP

Nation tries to reduce stunting malnutrition

In Uncategorized on November 12, 2010 at 1:58 pm

Efforts to reduce post-harvest losses

In Uncategorized on October 25, 2010 at 5:39 pm




Efforts to reduce post-harvest losses


QĐND – Monday, October 25, 2010, 20:36 (GMT+7)

The Vietnamese Government will offer preferential loans to organisations and individuals for the purchase of machines and equipment to reduce post-harvest losses in the agriculture and aquaculture sectors.


Under a decision approved by Prime Minister Nguyen Tan Dung, the State budget will subsidise the total interest rates for these loans in the first two years, and 50 percent from the third year onward.


Borrowers may take out loans equal to the value of the equipment they wish to purchase from the Vietnam Agriculture and Rural Development Bank.


Direct producers, including co-operatives, households and individuals, and businesses who sign contracts with farmers will be eligible for the support.


The decision also stipulates a list of eligible machines and equipment including: dryers; machines used for the cultivation and harvest of rice, coffee tea and sugarcane; and machines used for aquatic production and cold storage.


In addition, domestic production must account for 60 percent of the value of the loan and conform to trade standards, including registered trademarks.


The decision also regulates that organisations, households and individuals who buy grinders and coffee processing machines with waste water treatment systems will qualify for preferential interest rates on investment credit.


Investment projects for the construction of storehouses with capacity totalling four million tonnes will benefit from the low interest rate as well as a land lease exemption and 20 percent of land clearance costs.


The decision stipulates that enterprises will be exempt from paying business income tax in the first three years and reduced to half for the next two years.


The State budget will also cover 100 percent of the expenses for organisations, households and individuals to experiment with high quality rice and maize breeds for the first time.


People who buy patents or register intellectual property rights for farmers’ products will receive the support.


Scientific applications to reduce post-harvest losses will be added to a list of beneficiaries for support from the national technology renewal fund.


Standing Deputy Prime Minister Nguyen Sinh Hung has instructed the Southern Food Corporation to complete its plans for construction of a food warehouse system in the Cuu Long (Mekong) Delta Region before June 31, 2012.


The Ministry of Finance will review the land use rights exemption for the project and submit the proposal to the PM for approval.


The corporation will ask investors to complete investment credit loan applications from the Vietnam Development Bank as well as commercial banks to determine their interest in medium-and-long-term loans.


Statistics from the Ministry of Agriculture and Rural Development show that the region has annual productivity of around 20 million tonnes, accounting for 90 percent of the country’s rice exports.


However, it says the total capacity in the region’s warehouses is only 1.5 million tonnes, meeting just 30 percent of demand.


The plan is expected to be an important solution to improve quality and reduce post-harvest losses for the key export item.

Source: VNA

Source: QDND

Vietnam calls on US to reduce trade barriers

In Uncategorized on October 13, 2010 at 3:54 am




Vietnam calls on US to reduce trade barriers


QĐND – Saturday, October 02, 2010, 20:19 (GMT+7)

Vietnam hopes that the US will check investigations on imposing anti-subsidy and anti-dumping taxes so as not to cause losses to WTO members.


The call was made at a session on US trade policy at the WTO headquarters in Geneva, Switzerland in September 29 and October 1.


Vietnam representatives applauded the trade co-operation between Vietnam and the US over the past 15 years. Two-way trade value reached US$15 billion in 2009, up 15 times compared to 2001 when the two countries had not signed the Bilateral Trade Agreement.


The US has become Vietnam’s biggest importer in recent years. In 2009, Vietnam exported more than US$11 billion to the US, accounting for one-fifth of the country’s total exports. In the first five months of this year, two-way trade reached more than US$7 billion, including US$6 billion in Vietnamese exports.


The US became the biggest foreign investor in Vietnam in 2009 with total registered capital of US$9.8 billion.


The Vietnam-US Trade and Investment Framework Agreement signed in 2007 helped resolve a number of difficulties and expanded investment and trade between the two countries.


Vietnam expressed concern about US trade barriers over the past two years, including imposing anti-dumping tariffs on frozen shrimp, PE plastic bags, and tra and basa fish.


Source: VOV


Source: QDND

Raul Castro says state will reduce economic role

In Uncategorized on August 2, 2010 at 11:19 am

 Raul Castro said Sunday that his government will scale back controls on small businesses, lay off unnecessary workers and allow more self-employment — significant steps in a country where the state dominates nearly every facet of the economy.


Cuba’s president, however, squashed notions of a sweeping overhaul to the country’s communist economic system in response to the financial crisis it faces.


“With experience accumulated in more than 55 years of revolutionary struggle, it doesn’t seem like we’re doing too badly, nor that desperation or frustration have been our companions along the way,” the president said.

Cuba’s President Raul Castro attends a session of the National Assembly of Popular Power in Havana, Cuba, Sunday Aug. 1, 2010.

Castro spoke before parliament, which opened its biannual session without Fidel Castro, who has made a slew of recent public appearances of late but missed another chance to share a major public stage with his younger brother.


Instead, lawmakers got Raul, who said authorities will “update the Cuban economic model,” suggesting reforms could be on the horizon. Cuban officials plan to reduce state control of small businesses, authorize more Cubans to become self-employed and build a new tax structure that will compel state employees to contribute more.


About 95 percent of all Cubans currently work for the government and Castro has suggested that as many as one in five state employees are redundant. He promised job cuts, calling for “the reduction of work forces that are considerably bloated in the state sector.”


Castro said those left out of work would be retrained or reassigned so as not to stay unemployed, but also said warned that few sectors would be immune to job-cuts.


While he offered no specifics, his comments on economic and employment reform could mean a lot in Cuba, where many had hoped the government of Raul Castro could embrace small economic openings after he took power from his brother, first temporarily, then permanently, in July 2006.


The president’s announcements were similar to comments before the session began by Economy Minister Marino Murillo, who spoke to reporters about a pilot program that has turned some state barber shops over to their employees and let them set their own prices while paying rent.


Murillo said such projects would be extended to other sectors of the economy, adding that “we are of the belief that the state has to step back on certain activities.”


He also said that allowing outright private ownership was out of the question, however.


“We can’t call them reforms. We are studying a modification of the Cuban economic model,” Murillo said. He added that officials will ensure that “the values of socialism come first, not the market.”


“We will continue following centralized planning,” he said, “but we will loosen up on a group of things.”


Cuba has pledged to release 52 political prisoners as part of a deal with the island’s Roman Catholic Church, and 20 have been freed so far — heading into exile in Spain with their relatives. But Castro said that despite the deal, “there will not be impunity for the enemies of the homeland.”


Raul Castro made only limited references to Fidel, who also missed the recent celebration of Revolution Day. Raul attended that event but did not speak — the first time since 1959 a Castro did not deliver a speech on Cuba’s top official holiday.


Fidel Castro remains a member of parliament, but his chair to the right of Raul was empty Sunday. He has not appeared publicly alongside his brother since undergoing emergency intestinal surgery and stepping down four years ago.


On Friday, Fidel addressed a Communist youth meeting attended by former castaway Elian Gonzalez, who is now 16. The ex-president has also turned up everywhere from discussions with Cuba’s diplomatic corps to the dolphin show at Havana’s aquarium.


On Sunday, he met with Chinese Foreign Minister Yang Jiechi instead of attending the session of parliament with his brother.

Outside Cuba, debate has intensified over who is guiding major government policy following the sudden media blitz by Fidel — who had almost completely disappeared from public view until recently. Such questions are far less common on the island, but it is not clear whether Fidel and Raul are deliberately not appearing together in order to make a statement about who is in control.

Raul, meanwhile, made a point of saying Sunday that his government is as unified as ever.

He said it is not a false unanimity that excludes honest discrepancies, “but one that promotes discussion of different ideas, and always with the same goals of social justice and national sovereignty.”

Source: SGGP

Hanoi to reduce population downtown

In Uncategorized on May 18, 2010 at 5:03 pm




Hanoi to reduce population downtown


QĐND – Tuesday, May 18, 2010, 21:1 (GMT+7)

Hanoi needs to build suburbs to reduce the population in its hub to 800,000, suggests an expert, who believes that attractive infrastructure plans would encourage residents to move out of downtown. 


Ngo Trung Hai, head of the Construction Ministry’s Vietnam Institute of Architecture, Urban and Rural Planning, said that there are 1.2 million people in Hanoi’s centre and his institute’s plan to move several schools to the suburbs can help realocate around 300,000 students.  


“With attractive infrastructure plans in the subrbs, other residents whose houses in the centre are too small will be attracted to the suburbs naturally. That’s real demand,” he said. 


Hanoi authorities plan to relocate around 1800 households from the Old Quarter in Hoan Kiem District to a new urban area in Long Bien district, named Viet Hung.  


Hanoi has failed several times with similar relocation attempts because residents can’t be forced to move and this time a better plan will be developed, Hai said. 


However the goal of the city is to build what the suburbs lack. Hanoi has required all new residential areas to have sufficient infrastructure, including kindergartens, schools, supermarkets and parks.


Source: VietnamNet


Source: QDND

Banks to reduce lending, deposit interest rates

In Uncategorized on April 15, 2010 at 11:31 am

Most banks have agreed to reduce the highest lending interest rates on VND loans to 15 percent while some will also lower deposit rates by 0.5 percent. The measures were announced at a conference held April 14 in Hanoi by the State Bank of Vietnam.

At the conference, SBV Governor Nguyen Van Giau presented a circular on lending under negotiable interest rates, asking commercial banks to publicly announce their rates.

Under the circular, the negotiable interest policy is now extended to short-term loans.

The applied interest must be determined on the current demand for loans, the basis of supply and demand, the integrity of borrowers, and the potential profitability for banks.

Loan interest rates must be affordable for borrowers, especially small- and medium-sized enterprises (SMEs), and agriculture and export businesses, the governor said.

After announcing the new interest rates, commercial banks must report them to the central bank, he added.

The central bank has issued a dispatch requiring the Vietnam Banking Association to take measures that ensure deposit and lending rates adopted by its members will benefit depositors, lender, and borrowers.

Deals at a Sacombank branch in Ho Chi Minh City(Photo: Sacombank) 

Long-term rates of 14.5-15 percent

During the conference, most banks agreed with recommendations from the SBV and the Vietnam Bankers’ Association that negotiable interest rates on short-term loans should initially be less than 14 percent per year and that rates on medium- and long-term loans should be 14.5-15 percent at maximum.

Several banks have already announced their new rates. For example, Agribank will apply a rate of 13.2 percent for agribusiness borrowers and 14 percent for exporters; and at BIDV, the rates are 13 and 12 percent respectively.

Meanwhile, Military Bank and Maritime Bank are offering loans to exporters at 13.7 and 12 percent per year respectively; and Sacombank will apply a rate of 13.8 percent for agribusiness borrowers, 14 percent for exporters, and less than 15 percent for other clients.


At ACB, the lending rate on short-term loans is set at 14-14.5 percent per year, while rates of 14.5 and 15-15.5 percent are offered on medium- and long-term loans.

Deputy general director of the Asia Commercial Bank (ACB), Do Minh Toan, forecast that lending rates will decrease by 1-1.5 percent to 13-14 percent per year in the near future – possibly the second quarter of this year. 

Mr. Toan said ACB has applied four lending rates based on client classification. Accordingly, a rate of 13.8 percent is applied for borrowers with a long, positive credit history with the bank; 14 percent is applied for regular customers; 15 percent is applied for SMEs; and 15-16 percent is applied for individual borrowers.

Nguyen Hao, director of the Hoang Tan Printing and Sewing Co., Ho Chi Minh City, said, “I hope that by mid-year, when we begin fulfilling our orders, the lending rates will go down to 10 percent per year, since we cannot afford loans at higher rates.” 

Meanwhile, Le Van Truong, deputy chairman of the Management Board of Khanh Hoi Import-Export JSC, HCMC, said, “Recently, our forestry processing enterprise in Binh Duong Province has been progressing  sluggishly while waiting for a reduction in lending interest rates. I hope that in June, when the enterprise’s operations peak, lending rates will further drop to 12 percent per year – the maximum rate we can afford.”

New deposit interest rates

Also during the conference, banks agreed to reduce deposit interest rates by 0.5 percent per year from the current maximum rate of 12 percent. Soon after that, many commercial banks announced their new range of deposit interest rates, with the maximum being less than 12 percent per year.

Viet A Bank will offer a deposit interest rate of 11.8 percent per year for a 12-month account; while the rates for accounts of three, six and nine months are set at 11.5, 11.6 and 11.7 percent respectively. For one-month deposits, the rate is 11 percent. 

With this range, the bank will find it easier to mobilize idle money than previously when a ceiling rate of 10.5 percent was applied.

At Eximbank, the maximum deposit interest rate is 11.5 percent per year for a 12-month account; while the rates for three-, six- and nine-month deposits are 11.40, 11.43 and 11.45 percent respectively.

Sai Gon Thuong Tin, meanwhile, will offer lower rates of 11.1 percent for a one-year account and 10.56 percent for one-month deposits.

Mr. Toan of ACB said that many commercial banks want to reduce deposit rates slowly, fearing that a one-time reduction will discourage depositors, causing a decline in banks’ capital mobilization.

Source: SGGP

Vietnam has worked well to reduce poverty, says MOLISA

In Vietnam Society on October 3, 2009 at 10:42 am

After three years of a national poverty reduction program, for the phase 2006 to 2010, Vietnam has achieved its targets, the Ministry of Labor, War Invalids and Social Welfare (MOLISA) said October 2.








A poverty reduction program helps Tran Van Phan (R), a disadvantaged resident in District 11, HCMC, open a business to buy waste materials to recycle (Photo: Phap Luat)

At a conference in Hanoi, the ministry and the UNDP in Vietnam said that the initial goal of an annual two percent fall in the number of poor households has been surpassed. The current figure stands at a 2.6 percent annual reduction.


By the end of 2008, the ratio of poor households in Vietnam was 12 percent while it was 18 percent in 2005.


They believed that Vietnam could achieve its target in poverty reduction by 2010.


They did, however, note some problems, such as an overlap between the program and other Government poverty reduction projects and, therefore, causing waste.


Some people who are not poor have also accessed social services from the program while some actual poor people have missed out.


To better carry out the program for the remaining year, some experts proposed to set up an overall and comprehensive social welfare system to assist poverty reduction.


The Government approved the program in the early second half of 2007 to mobilize resources to for eliminating hunger and reducing poverty.


The program, including projects to support production and increase income for the poor, helps disadvantaged people access social services and enhances their work skills.


Source: SGGP