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Posts Tagged ‘sell’

Khanh Hoa forbid street vendors to sell souvenirs to tourists

In Uncategorized on December 24, 2010 at 4:27 am

The central province of Khanh Hoa will ban all street vendors from business activities in historic and cultural sites, as well as ports and bus stations.

Street vendors insistently invite foreign tourists to buy items at Cau Da Port in the City Nha Trang in the central province of Khanh Hoa.The province will forbid street vendors to annoy tourists at historical and cultural sites (Photo: Tuoitre)

The provincial People’s Committee has just convened a meeting with relevant agencies. The meeting met to discuss how to resolve issues around street vendors who insistently invite foreign tourists to these historical and cultural sites and sell them souvenirs.

Le Xuan Than, deputy chairperson of People’s Committee, said at the meeting that street vendors have annoyed foreign tourist a great deal, enticing them into buying their souvenirs.

To deal with this issue, the Department of Culture, Sport and Tourism and the Department of Industry and Trade, along with other relevant agencies, are to enforce regulations with regard to the mobile selling of souvenirs at the above-mentioned places.

The city of Nha Trang have ordered volunteers to visit Cau Da port, market Dam and Long Son pagoda in the attempt to hinder street vendors from selling souvenirs to tourists.

Source: SGGP

Order to sell dollars lifts shares

In Uncategorized on November 6, 2010 at 1:50 am

Stocks slump as investors sell heavily

In Uncategorized on October 14, 2010 at 6:30 pm

Movements of VN-Index on October 4. (Photo: VN-Index, a measure of 261 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, tumbled on October 4 as investors dumped shares on speculation that stocks would decline further.

The benchmark slashed 1.3 percent, the highest level since September 23, or 5.88 points, to close at 455.83 points.

Liquidity on the city bourse improved by 20 percent over the average level of last week as more than 50 million shares changed hands at VND1.22 trillion.

On the index, only 18 stocks advanced, 219 dropped, while 29 treaded water.

Ocean Group Joint Stock Company (OGC) was the most active share by volume with 2.07 million shares changing hands.

It was followed by Saigon Thuong Tin Commercial Bank or Sacombank (STB) with 1.424 million shares.

Investment and Trading of Real Estate Joint stock Company (ITC) chased after with 1.42 million shares.

Dream House Investment Corporation (DRH) dived 14.29 percent to VND13,200. The company will issue 5.01 million shares. Of which, 749,500 shares are bonus shares, and the same amount is to pay dividends for its current shareholders at a ratio of 100:5.

The company will sell 1,798,800 shares to its current shareholders at a ratio of 100:12, and 112,200 shares to its employees at a price of VND10,000 per share. It will also sell 1.6 million shares to major investors at a price not less than VND16,000 per shares.

The company is expected to collect VND44.71 billion after the sale.

Other losers included DESCON Construction Corporation (DCC), Tay Bac Minerals Investment Joint Stock Company (KTB), and Sai Gon Telecommunication & Technologies Corporation (SGT).

Among a few gainers, Dinh Vu Port Investment & Development Joint Stock Company (DVP) emerged 3.94 percent to VND36,900.

Beton 6 Corporation (BT6) advanced the first time in three straight trading sessions, adding up 2.9 percent to VND71,000.

The northern bourse also opened week in red as the Hanoi’s HNX-Index contracted 4.89 points, or 3.89 percent, to 120.92 points. Around 44 million shares were traded at a value of VND931 billion, the most impressive trading result in the past ten sessions.

The UPCoM-Index sliced 0.28 points to 45.26 points as of 11:10 am local time. A total of 250,000 shares changed hands at VND4.2 billion.

Source: SGGP

Mekong salt makers can’t sell bumper harvest

In Uncategorized on July 15, 2010 at 12:48 pm

Although the government instructed companies to stockpile salt, salt farmers in the Mekong Delta province of Bac Lieu, the region’s salt production hub, are still facing losses on the heels of a good harvest.

Salt makers transport salt to a warehouse of the Bac Lieu Commercial JSC (Photo: SGGP)

Three weeks ago, Ho Xuan Hung, deputy minister of Agriculture and Rural Development, ordered companies to buy salt from farmers, who currently have 200,000 tons in stock.

However, the Bac Lieu Salt and Trading Company has only been buying white salt while around 80 percent of the stock for sale is black, according to Phan Minh Quang, vice director of the Bac Lieu province Department of Agriculture and Rural Development.

Now these farmers can barely feed themselves.

Hoa Binh District salt farmer Nguyen Van Phuoc was in despair on July 13: “My family makes only traditional black salt but the firm [Bac Lieu Salt and Trading Company] is only purchasing white salt. I had to resign myself to sell salt at VND300 a kilogram to local traders as a last resort to have a little money for food.”

His fellow Tran Van Thoai in district Dong Hai complained he was still waiting for buyers as his 70 tons of salt were all black.

The flip side of the coin is that white salt producers are also furious at the company for paying lower rates than had been announced earlier.

The Government had preciously stated it that white salt would be bought for VND900- VND1000/kg and that farmers who transported the salt to the buyers would receive VND150 a kilogram extra.

But many farmers, including Hoa Binh’s Nguyen Van Thong, said the company has broken the rule and is only buying white salt at VND900 no matter what, even when farmers transport the product themselves.

But Mr. Quang argued that farmers could profit by selling at VND900 because they had bumper harvest this year. He said Bac Lieu Salt and Trading Company would certainly buy more salt in the future.

Source: SGGP

Japan still hopes to sell bullet train to Vietnam: minister

In Uncategorized on June 22, 2010 at 12:32 pm

TOKYO, June 22, 2010 (AFP) – Japan said Tuesday it will push on with efforts to sell its bullet train technology to Vietnam despite the project’s rejection in a rare show of defiance by legislators in Vietnam.

“We hope Vietnam will introduce Japan’s Shinkansen bullet train system,” Japan’s Transport Minister Seiji Maehara told a Tokyo press conference, after the vote in the National Assembly in Hanoi Saturday.

“Japan will try to help Vietnam introduce the Japanese system by cooperating with the Vietnamese government to draw up a feasible plan so that the National Assembly will approve it,” Maehara told reporters.

Vietnam’s legislators, who usually back government plans, rejected the 56-billion-dollar project, arguing that the country has more pressing development needs.

Vietnam has seen rapid economic growth, but roughly half the population still works in agriculture and per capita income is about 1,000 dollars.

Under the government’s proposal, the train would link the capital Hanoi with the southern commercial hub of Ho Chi Minh City 1,570 kilometres (975 miles) away, at speeds of 300 kilometres an hour, by 2035.

Japan, battling to revive its economy, hopes to sell its cutting-edge technology — from nuclear plants to renewable energy systems to bullet trains — abroad, especially to Asia’s emerging economies.

It is also among bidders hoping to help build a high-speed rail network in the United States under a plan proposed by President Barack Obama.

Maehara said his government would study ways to help Vietnam import the expensive train technology, such as by giving official development assistance or creating a fund to support such infrastructure exports.

Source: SGGP

As world prices peak, Vietnam runs out of shrimp to sell

In Uncategorized on June 21, 2010 at 4:37 pm

As world prices peak, Vietnam runs out of shrimp to sell

QĐND – Monday, June 21, 2010, 22:26 (GMT+7)

Shrimp prices have spiked since the Gulf of Mexico oil spill, but Mekong Delta production is at a cyclical low.

CEO Le Van Quang of Minh Phu Seafood Company says there’s been a surge in demand by US shrimp importers since the oil spill disaster cratered Gulf of Mexico production.  Prices offered for black tiger shrimp have reached $13 per kilo, an increase of 30 percent over 2009 levels and the highest price seen in ten years.

Hot weather and decreased production in competing countries are also pushing  prices up.  An epidemic has killed 80 percent of Indonesia’s farmed shrimp, and 20 percent in Thailand and Malaysia.  Production is down in India and Bangladesh too.

A golden opportunity missed

Seafood companies say that they are missing fat profits because demand has outstripped supply.  Lam Ngoc Khuan at Phuong Nam Seafood Processing Company (Soc Trang) says that foreign partners are eager to place orders, but the company dares not sign new contracts.

Khuan says his company is scouring Ca Mau and Bac Lieu province for more shrimp.  It has only been able to buy 40 tonnes per day, though the factory can process and pack 120 tonnes per day.

Other Mekong Delta companies such as Fimex Vietnam,  Stapimex, Kim Anh, Thai Tan and Ut Xi tell the same story: there’s only enough shrimp for them to run at 20-30 percent of the capacity.

Ta Minh Phu, Deputy Director of the Bac Lieu province’s Department for Agriculture and Rural Development, says that hectarage devoted to shrimp aquaculture has been reduced in the last few years because prices were depressed below the cost of production for many farmers.  Now they do not have capital to resume farming, and banks are reluctant to provide loans.

Mekong delta production is expected to rebound from September 2010.

Source: VNN

Source: QDND

Vietnam airlines offices to sell plane tickets

In Uncategorized on March 24, 2010 at 5:43 am

Vietnam Post (VNPost) will begin selling airline tickets for Vietnam Airlines and Jetstar Pacific Airlines at 31 provincial and city post offices this month.


The Central Highlands Province of Dak Lak’s post office is one among 31offices to begin selling airline tickets this month


The company, a member of Vietnam Post and Telecommunication (VNPT), will initially provide the service only at localities with airports receiving flights from the two airlines.

VNPost will later broaden ticket sales to other localities.

To sell plane tickets, post offices must train staff and possess adequate equipment including fax machines, telephones, and necessary software, in addition to having Internet capability.

List of Vietnam Airlines office

Ha Noi Quang Ninh Hai Phong City Dien Bien Phu Dong Nai
Can Tho City Phu Quoc Nha Trang City Da Lat Buon Ma Thuot
Pleiku Quang Binh Da Nang City Hue Ho Chi Minh City
Nghe An Lao Cai Kien Giang Melbourne Sydney
Paris City Frankfurt Tokyo Osaka Fukuoka
Nagoya Pusan Seoul Toronto Praha
Kuala Lumpur Manila Moscow London San Francisco
Yangon Taipei Vientiane Phnom Penh Bangkok
Singapore City Siem Reap Beijing Guangzhou Kun Ming
Hong Kong Berlin Kaohsiung Shanghai

Source: SGGP Bookmark & Share

Tickets for sci-fi blockbuster “Avatar” sell out

In Vietnam Culture on December 21, 2009 at 4:05 pm

Tickets for the 3D version of the science fiction film ”Avatar” written and directed by James Cameron were fully booked for the premiere in Vietnam on December 18, said ticket office staff at Megastar cinemas in Hanoi and Ho Chi Minh City.

                   A scene in the “Avatar”

Costing VND80,000-100,000 (US$4-6), the 3D tickets have sold out for screenings in Vietnam from now until December 29. Cinemas now have tickets left for 2D showings only.

Megastar Cineplex says it hopes to earn US$1 million from box office sales nationwide.

The film produced by Lightstorm Entertainment and distributed by 20th Century Fox cost US$250 million to make.

“Avatar” is Oscar-winning director Cameron’s first dramatic feature since the record-breaking “Titanic” back in 1997. The new film is a science-fiction fantasy set on a verdant planet called Pandora and follows the adventures of a US Marine played by Sam Worthington.

The famously perfectionist director first came up with the concept for “Avatar” 14 years ago but decided not to make the film until technology was advanced enough to enable with his vision.

At once stunning and rousing, the picture is regarded as the most ambitious 3D film ever to appeal to a worldwide audience.

Source: SGGP Bookmark & Share

Villa prices plunge by VND2b as top-end investors try to sell

In Uncategorized on November 24, 2008 at 1:13 pm

HCM CITY — Things are not looking good for anyone who bought villas as an investment, as low demand has sent prices plummeting.

While most villa owners are holding onto their property because selling prices are too low, value continues to drop and many owners cannot afford to lose anything more.

Late last year, a 200sq.m villa lot in Trung Son residential area in Binh Chanh District, HCM City was selling for around VND6 billion (US$375,000). The average price has since dropped to VND4.5 billion ($300,000), but even at those prices owners are having a hard time selling.

In the last three months, many villa owners in Him Lam residential area in Binh Chanh District put their villas up for sale. But even bringing their prices down by 60-70 per cent, they were attracting fewer and fewer potential buyers, said one retailer from Hung Thinh Company.

Compared to the end of last year, investors are now losing an average of VND2 billion ($121,000) per lot.

Prices have dropped by an average of VND2 billion since August last year. Some owners have had to come even lower to make a sale, according to the owner of one villa in Phu My Hung.

Nguyen Xuan Chau, director of House Trading Joint Stock Company (NovaHomes), said at its peak, his company sold 30 lots for villas in one month, at prices ranging from VND28 million ($1,700) to VND30 million per square metre.

He said the current price was only VND25 million per square metre.

According to experts, fewer investors are interested in purchasing villas. With villas making up one of the smallest portions of real estate demands, when the real-estate market stagnates, villas are affected first.

Anyone looking for property now was usually in need of a home, and looking at the lower-end, one of the largest demands in realty right now, said Vo Dinh Quoc, director of Anh Binh real-estate Investment Joint Stock Company.

However, villas are usually purchased by rich and experienced investors. As the market suffers from the global recession, these investors are having to sell their villas to move their capital into other projects.

Financiers who have bought villas as property investments are facing the biggest challenge as they would lose money by selling now, or can continue to watch their property value fall.

Experts say that even when the real-estate market recovers, the villa market will recover last. —

Dung Quat oil refinery to sell propylene to Japan

In Uncategorized on September 18, 2008 at 6:03 pm

Quang Ngai (VNA) – Vietnam ’s Dung Quat oil refinery will sell between 75,000-150,000 tonnes of propylene per year to Japanese company Marubeni until 2010.

According to the contract, which was signed in Quang Ngai on September 18, the prices will be determined on the basis of Singapore ’s market. The delivery will be made at the refinery’s port.

The Dung Quat oil refinery, built at an estimated cost of 2.5 billion USD, is expected to be put into operation in February 2009.-