wiki globe

Posts Tagged ‘sale’

Vietnam denies sale of fake eggs

In Uncategorized on January 8, 2011 at 4:24 am

Vietnamese health authorities confirmed on December 29 that Chinese made synthetic eggs were not being sold in markets around the country.

A step to make fake egg

This confirmation came after certain revelations made in the Chinese media stated that companies were using fraudulent technology to make fake eggs.

Nguyen Cong Khan, head of Vietnam Food Administration, reaffirmed that health authorities had so far not found any fake eggs in markets anywhere in the country, but added that his department would visit markets and do more intensive checks to clarify the situation further.

Meanwhile, the Animal Breeding Department claimed that it was impossible to manufacture uncooked fake eggs and that only cooked eggs were possible to be reproduced artificially.

Many companies in China teach people how to produce fake eggs fraudulently by chemicals and certain technologies. Internet ads teach people that eggs can be produced from calcium carbonate, starch, resin, gelatin, alum and some other chemical products.

Normally the method involves putting a raw egg into a mould to which calcium chloride is added along with some coloring dye. The ‘yolk’ is then shaped into a round mould. Calcium chloride is used to create the desired effect and by further adding a yellow pigment an egg yolk is produced. 

In another mould 1 / 3 raw egg white is poured and similar to the method of making an egg yolk, some chemicals are added to produce the egg shell. A perfect looking egg can take about 1 hour to dry. To make the egg white, various ingredients such as a white powder and alum are mixed together.

The hard shell of an egg is formed by pouring paraffin wax over it which is then left to dry. When consumers use these eggs, small bubbles can be seen during the frying process though most people will not be able to tell the difference between a real egg and a fake egg. The cost to produce a fake egg is much cheaper than a real egg.

Source: SGGP

GM launches record share sale

In Uncategorized on November 18, 2010 at 6:26 am

6,000 unsafe milk products still for sale: VFA

In Vietnam Health on November 30, 2009 at 4:12 am

An advertisement for Dutch Lady Vivinal GOS milk

FrieslandCampina Vietnam has recalled around 96 percent of its Dutch Lady Vivinal GOS milk which reportedly caused allergic reactions in some children who consumed the product, said the Vietnam Food Administration (VFA). However, some 6,000 products remain in the market.

The VFA recently ordered the company to withdraw the remaining products and publicize warnings about the milk in the media.

Vivinal GOS is advertised as containing GOS (Galacto Oligosacharide), a natural fiber in dairy that helps enhance absorption of nutrients and stimulate healthy growth.

Some 21 toddlers in Ho Chi Minh City and Hanoi were hospitalized in recent weeks with rashes, breathing problems, and stomach upset, allegedly after drinking Dutch Lady Vivinal GOS milk.

Related articles:
Dutch Lady Vivinal GOS milk recalled over allergy scare
HCMC health officials investigate Dutch Lady’s dodgy milk

Source: SGGP Bookmark & Share

Market rises as cheap stocks go on sale

In Uncategorized on November 5, 2009 at 10:16 am

Vietnam’s benchmark VN-Index surged Thursday after three losing days in a row after investors realized stocks were cheap enough to buy.

The index, which tracks 180 companies and four mutual funds on the Ho Chi Minh Stock Exchange, rose 18.01 points, 3.35 percent, to close 555.54. Trading dropped, with 57.3 million shares worth VND2.5 trillion (US$140 million) changed hands.

Many companies on the city bourse have dropped around 30 percent compared to the record high prices of the year, drawing investors to return.

On the index, gains outnumbered declines by 176 to 7 and two were unchanged.

Masan Group (MSN), a HCM City-based food processor, marked its first trading day on the Southern market as the biggest winner, selling at VND43,200.

Cadovimex Seafood Import Export Processing Joint Stock Co. (CAD), based in the Mekong Delta province of Ca Mau, came next, followed by Phuoc Hoa Rubber Joint Stock Co. (PHR) in Binh Duong Province neighboring HCMC.

Vietnam Export Import Bank, or Eximbank (EIB,) returned to the spot of most active shares with 2.98 million shares traded on the city bourse.

Saigon Commercial Bank, or Sacombank (STB), followed with nearly 2.75 million shares changing hands and the city based-Thanh Cong Garment and Textile Group (TCM) with nearly 2.7 million shares.

Saigon Securities’ fund unit, known as SSI Vision Fund, has cut its stake in the Southern Seed Corp. (SSC), a Vietnamese producer of crop seeds for farmers, to 10.9 percent from 12.08 percent, according to a statement on the exchange’s website.

Meanwhile, Lam Son Sugar Joint Stock Co. (LSS), a sugar and industrial alcohol producer, plans to build two resorts in the northern province of Thanh Hoa, where the company is based, CEO and chairman Le Van Tam told Bloomberg Wednesday. He did not give a timeframe for the construction of the projects.

The green was also seen on the Northern market, as the HNX-Index gained 5.28 points, 2.85 percent, to close at 190.27. Nearly 32.2 million shares were traded at VND1.33 trillion.

UPCoM-Index closed at 71.52, up 0.95 points, 1.35 percent, over Wednesday. A total of 62,996 shares were traded at VND1.41 billion.

On the global market, US stocks were led by growth in health care orders and prices while jobs data boosted hopes for the US government’s monthly jobs report Friday.

Stocks were also taking their cues from the dollar, which has been weakening against the euro since the opening bell.    

Source: SGGP Bookmark & Share

Newcastle for sale at 100 million pounds

In Vietnam Sports on September 8, 2009 at 5:14 pm

LONDON, June 8, 2009 (AFP) – Newcastle United annnounced Monday they were up for sale at an asking price of 100 million pounds (158 million dollars).

The north-east side were relegated from the lucrative English Premier League on the final day of the season and owner Mike Ashley, who was almost once before hounded out of the club by angry fans, has now decided to sell-up.

“The board of Newcastle United can today (Monday) confirm that the club is for sale at the asking price of 100 million pounds,” a statement said.

Source: SGGP

Ministry decides to stop sale of ethanol-blended petrol

In Uncategorized on September 22, 2008 at 12:37 pm

HA NOI — Deputy Minister of Industry and Trade Nguyen Cam Tu issued a decision on Saturday to stop the sale of petrol mixed with ethanol a week after it began its trial sale at two petrol stations in Ha Noi.

According to the deputy minister, the move was aimed at protecting consumer rights since Viet Nam had not yet set standards for ethanol-petrol blends. “Petrol is a commodity that must meet the State standards and regulations before it is sold widely to the public,” he said.

Tu said that the ministry’s Science and Technology Department had permitted the trial sale of ethanol blended petrol through March 2009. However, the ministry later found that this petrol blend had yet to undergo sufficient testing.

The petrol, therefore, failed to meet essential requirements for widespread public sale and the decision to pull it from the market was necessary to prevent negative consequences, Tu said.

Testing of ethanol blended petrol had been permitted in 50 Ha Noi Taxi Association cabs, but if the two petrol stations, on Thai Thinh Street in Dong Da District and Hoang Quoc Viet Street in Cau Giay District, were found selling blended petrol to other customers they would be fined, the deputy minister said.

“The decision to temporarily stop the sale of petrol mixed with ethanol will not affect much of the testing process of the Petrochemical and Bio-fuel Joint Stock Company, which is in charge of blending A92 petrol with 5 percent of ethanol petrol,” said head of the company’s sales department Le Thanh Thai.

The mixture would be tested in the taxis through December 15; the company would then report the results to the Ministry of Industry and Trade before asking the Government to approve the petrol’s public sale, he said.

“The blending of 5-10 per cent of ethanol into petrol is a method to increase petrol’s burning index. The petrol mixed with five percent of ethanol was analysed by the national lab on petrochemical technology and by the Viet Nam Academy of Science and Technology to define its commercial petrol standard,” said Thai.

More than 20,000 litres of ethanol-blended petrol was sold in six days, before it was pulled off the market. —