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Posts Tagged ‘remains’

Asia remains Vietnam’s major rice market this year

In Vietnam Economy on March 3, 2010 at 3:39 am

Asia remains Vietnam’s major rice market this year

QĐND – Tuesday, March 02, 2010, 22:27 (GMT+7)

Asia continues to become the potential market of Vietnam’s rice exports this year, especially Malaysia and the Philippines, according to the Vietnam market analysis and forecast joint stock company.

In 2009, Vietnam’s rice exports to other Asian countries accounted for 61.68 percent of the country’s rice export turnover with more than half of the Asia’s market share belonging to the Philippines, which was followed by Malaysia with 9 percent.

A recent report released by the US Department of Agriculture stated that Asia’s demand for rice imports will stand at 14.8 million tonnes in 2010, a year-on-year increase of 7 percent over 2009.

The main import markets include Iraq, Bangladesh, the Philippines, Saudi Arabia, Indonesia and Malaysia, the report said.

Source: VNA

Source: QDND

Former Party leader’s remains buried in Ha Tinh

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

The remains of the former Party General Secretary Ha Huy Tap, which were found recently in Ho Chi Minh City after 68 years, were buried in Dong Nem Temple Hill in Ha Tinh Province on December 2.

The remains of the former Party General Secretary Ha Huy Tap, which were found recently in Ho Chi Minh City after 68 years, being taken to the burial site in Ha Tinh Province on December 2 (Photo: SGGP)

Present at the burial ceremony were Ho Duc Viet, a member of the Politburo and the head of the Party Central Committee’s Commission for Organization and Personnel ; Ha Thi Khiet, head of the Central Party Committee’s Commision for Mass Mobilization; Nguyen Van Son, deputy head of the Central Commission for Propaganda and Ideological Education; and other Party and Government officials.

A city delegation led by Deputy Party Committee Secretary Huynh Thi Nhan also attended the event.

Ha Tinh Province’s Party Committee Secretary Nguyen Thanh Binh said: “We bow in deep respect to the memory of … Ha Huy Tap and express our great gratitude for him, a firm and loyal communist, an excellent ideologist, and a talented leader of the Party, State and people who devoted all his life to the struggle for national liberation …

“In following his great revolutionary and moral example, the province Party Committee and people promise to unite and make more efforts … to make Ha Tinh more prosperous, civilized, and beautiful.

“He passed away but his fame and work will be alive forever …”

Mr. Tap had been executed by the French colonialists in 1941 in Hoc Mon District.

Source: SGGP Bookmark & Share

Family at peace after late Party leader remains found

In Vietnam Lifestyle on December 2, 2009 at 5:11 am

Sixty-eight years have elapsed since French colonialists in Ho Chi Minh City’s Hoc Mon District shot the late Party General Secretary Ha Huy Tap to death.

Members of the Ha family search for the remains of late Party General Secretary Ha Huy Tap in Hoc Mon District, HCM City on November 22. (Photo: SGGP)

After many long decades, Mr. Tap’s relatives in the northern central province of Ha Tinh say they are happy to know his remains have now been found.

Reflecting on the difficult path to seek out the revolutionary soldier’s body, family member Ha Van Sy said that relatives began the search in 2001.

People who said that too much time had passed to find the secretary’s remains discouraged them countless times. Moreover, there were few individuals still alive who might have information about where he was buried.

With deep sadness, the family eventually abandoned the idea.

Four years later, however, hope was reignited when a friend of Mr. Sy said he may have a lead on the general secretary’s whereabouts.

Mr. Sy and another family member named Ha Huy Loi left for Chi Minh City to investigate.

They arrived in the city’s Hoc Mon District and began gathering information from local authorities and residents.

It was then they learned of a man named Chin Gioi in Xuan Thoi Thuong Commune whose grandmother had passed on information about the execution of soldiers at that time, Loi said.

After meeting with Mr. Gioi, they were taken to an area in Ben Tam Ngua Commune where Mr. Tap was rumored to be buried.

Upon hearing the news, Ha family members from all over the country came to the commune to help.

With assistance from local authorities, residents and even some claiming to be telepathic, it was determined that Mr. Tap’s tomb was buried under a resident’s house.

With permission from the homeowner, the group made plans to excavate.

On November 22, after burning incense and performing rituals, the Ha family began digging with hoes and shovels. After a full day of hard work, they finally discovered a piece of a leg bone. Dismissing their fatigue, the group continued to dig by hand.

Four hours later, they found more bones and a specially cut piece of bamboo, a likely indication that it was in fact a soldier’s grave.

During wartimes, French colonists were said to have cut off the heads of those they killed and displayed them on pieces of bamboo.

Local residents would often wait until midnight and then secretly collect their bodies and heads, connecting them back together with pieces of bamboo before burying them.

As the Ha family continued on, they found a skull, shoulder blades and shell fragments.

The following afternoon, the group finished digging up all the remains, joyful in the belief they had been reunited with their long lost family member.

Source: SGGP Bookmark & Share

Competition Law remains something new after four years of enforcement

In Vietnam Economy on October 5, 2009 at 5:10 pm

Competition Law remains something new after four years of enforcement

QĐND – Monday, October 05, 2009, 20:27 (GMT+7)

One year after the Competition Law took effect in 2005, only 30 percent of Vietnamese businesses had heard of it, while 70 percent had not know anything about it, according to Dinh Thi My Moan, Vice President of the Vietnam Retailers’ Association.  

The Competition Law has been in force for four years but businesses’ basic knowledge about it is limited.

To help them gain a better understanding of the law, the Vietnam Chamber of Commerce and Industry (VCCI) in collaboration with the Multilateral Trade Assistance Project has launched a media campaign against uncompetitive acts by holding the five seminars in HCM City, Can Tho, Danang, Hai Phong and Hanoi.

Only 20 violations dealt with in four years
The Competition Law was adopted by the National Assembly on December 3, 2004 and officially came into force on July 1, 2005. With six chapters and 123 articles, the Law is a massive legal document and is of great importance to the development of Vietnam’s market economy.

However, after four years, many Vietnamese businesses have failed to grasp it to protect themselves.

Under the Competition Law, unhealthy competitive acts include misleading   advertisement and promotion activities, production of fake or imitation goods, price gauging and imposition of illegal contracts on other businesses.

In fact, there have been many violations against the Competition Law such as the Steel Association’s decision to fix prices, the Vietnam Insurance Association’s decision to raise insurance fees for customers and businesses’ monopoly in drug and dairy product markets.

Over the past four years, only 20 cases of unhealthy competition have been dealt with under the Law.

Smaller businesses beset with bigger worries
Le Danh Vinh, Deputy Minister of Industry and Trade says that the Competition Law has not been fully brought to life because businesses, especially small- and medium-sized enterprises (SMEs) are still not quite clear about it. Most of them are reluctant to take legal action, which makes the Competition Law ineffective when it should be a safeguard.

Tran Huu Huynh, head of the Legal Department under the Vietnam Chamber of Commerce and Industry, says many businesses know others violate the Competition Law, which affects them but they let the matter drop. The reason is if they lodge a lawsuit they must collect the evidence themselves. It is beyond the ability of most SMEs to gain detailed information from the authorities.

In addition, the fee for lodging a protest against unhealthy competition is just VND10 million, while the cost for a lawsuit against the act of restricting competition is ten times higher. Furthermore, many SMEs do not believe they will be successful as the independent operation of the Competition Department and the Competition Council is still a question mark. Even worse, businesses do not know the names of the Competition Council’s members.

As experts put it, the Competition Law covers all issues related to competition in the market, but to bring it to life the State must take strong action as they did with the Enterprises Law in the past.

Source: VOV

Source: QDND

Market remains bullish over upbeat sentiment

In Vietnam Stock Market on September 14, 2009 at 12:15 pm

The Ho Chi Minh Stock Exchange moved up for the third straight session over speculation on third quarter earnings results remaining healthy.

VN-Index, the measure of 174 stocks on the bourse, moved up 8.6 points, 1.57 percent, to close at 556.59. Of the index members, 92 stocks advanced, 59 dropped, and 23 were unchanged.

Trading volume accounted to 65.5 million shares worth VND2.85 trillion.

“Information about dividend plans and third-quarter earnings results released by listed firms will continue to drive market sentiment this week,” Bao Viet Securities Co. said in a report, adding that it expects the VN-Index to fluctuate between 525 and 560 points this week.

The Southern Rubber Industry Joint Stock Company (CSM), known as Casumina, gained 4.6 percent to close at VND91,000. The rubber maker announced on the exchange’s website that its estimated third-quarter pretax profits reached VND241 billion, equivalent to 105.14 percent of its 2009 target.

Casumina also announced that Nguyen Thi Ngan, sister of supervisory board member Nguyen Thi Le, will start selling her entire holdings of 947 shares tomorrow.

Ba Ria – Vung Tau House Development Joint Stock Company (HDC), known as Hodeco, was also among the gainers, rising 1.57 percent to VND64,500.

The company planned to sell 201,130 shares it had bought back earlier to boost its working capital, according to a statement on the exchange’s website. The sales will start on September 18.

Dong Do Marine Joint Stock Company (DDM) lost marginally 0.63 percent to VND15,900. Deputy general director Nguyen Thanh Tinh sold 22,700 shares to cut his holdings to 45,400 this month, according to a statement on the bourse’s website.

Cables and Telecommunications Material Joint Stock Company (SAM) surged by the five percent daily limit to close at VND33,900. The firm also announced on the exchange’s website that it would sell two million shares it had bought back, on- and off-market, in a bid to raise capital for investment projects this year.

At the smaller bourse in Hanoi, the HNX-Index advanced 2.65 points, 1.57 percent, to close at 171.83.

The UPCoM-Index of the unlisted stock slipped 0.42 point, 0.67 percent, to close at 62.64 as of 11 am.

Source: SGGP

TAQ2008.007 Vietnam remains attractive for FDI, says PwC

In Uncategorized on August 20, 2008 at 2:57 pm

Hanoi (VNA) – PricewaterhouseCoopers (PwC) has made public its annual report on world investment, saying Vietnam remains attractive for foreign investors.

The second PwC Emerging Market 20 Index showed that Vietnam is now ranked 5th most attractive emerging market destination for investments in manufacturing, compared to its number one position in 2007.

The change in rank reflects mostly changes in the selection of the countries PwC considered for the update, PwC’s report said.

Based on macroeconomic data, a number of countries studied last year, for example the Czech Republic, Hungary and Saudi Arabia no longer meet the criteria for inclusion in the Model. On the other hand, three of the four countries preceding Vietnam, namely Egypt, Bulgaria and Serbia did not qualify for inclusion to the index calculations last year, it added.

Amongst the Asian countries in the PwC EM20 Index, India tops the Manufacrturing Index, followed by Vietnam, Thailand, Malaysia, China, the Phillipines and Indonesia.

Countries like Vietnam and Cambodia are still relatively small economies, their low-cost bases can some times offer higer margins to manufacturers.

The report said the BRIC countries including Brazil, Russia, India and China continue to offer good opportunities for investment.

The PwC is the world’s largest business advisory group, operating in 150 countries and territories. The PwC established offices in Ha Noi and Ho Chi Minh City in 1994.-