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Posts Tagged ‘support’

Watercolor painting exhibition to be held to support poor people

In Uncategorized on January 12, 2011 at 7:12 am

An exhibition displaying nearly 50 pictures by Truong Han Minh, who is master traditional Chinese watercolor paintings in Vietnam, will be held at the Equatorial Hotel in Ho Chi Minh City from January 14 to 18.

Painter Truong Han Minh and his giant watercolor painting.

The show entitled ‘Painter Truong Han Minh – 60 years of Passion in watercolor painting’ aims to celebrate the artist’s career and launch the website

The sale of some of his paintings will be donated to support the poor people of Ho Chi Minh City.

An auction of some of his works last year raised over VND2 billion (US$100,000) and this money helped many disabled children in Vietnam.

Truong Han Minh was born in 1951 in Cho Lon, HCM city. He original came from Guan Dong, in China. He has had a passion for painting since early childhood. Truong Han Minh is also Chairperson of the Chinese Fine Arts Association and a member of Vietnamese Fine Arts Association. He has taught at many Art schools in the city.

His paintings have been displayed at the Vietnam Fine Arts Museum; Ho Chi Minh City Museum; Museum of the Nationalities in Vietnam; and in many other countries such as the U.S., France, Australia, Canada, Japan, China and Taiwan.


Source: SGGP

Gov’t ups education budget, support for ethnic minorities

In Uncategorized on January 8, 2011 at 4:08 am

Gov’t ups education budget, support for ethnic minorities

QĐND – Tuesday, January 04, 2011, 20:42 (GMT+7)

The education budget will be 2.9 percent higher this year at 5 trillion VND (256 million USD), according to the Ministry of Education and Training.

Nguyen Van Ngu, head of the Ministry’s Finance and Planning Department, said it would fund 100 percent of normal expenses by high schools and pre-university training schools for ethnic minorities, which are free.

This includes 2.8 billion VND (143,600 USD) for scholarships and allowances for the students, according to Ngu.

While public universities and colleges offering economics and finance streams will be provided funds for all their normal as well as one-off expenses, those offering other streams will be subsidised in part.

The amount earmarked for regular expenses is around 4.2 trillion VND, an increase of 11.9 percent over 2010.

The amount to be spent on training a student will increase by at least 17 percent at the university and college levels and 52 percent at the doctoral level.

More than 99 billion VND will be earmarked for the Ministry’s advanced programmes.

The HCM City and Hanoi Open Universities , National Economics University , Hanoi University , Foreign Trade University , and the HCM City University of Economics will get a total of 38 billion VND (1.9 million USD) for buying equipment and building facilities.

Viet-Duc University and the University of Sciences and Technology in Hanoi will get 28 billion VND.

“Universities and colleges are in better financial shape now after tuition and enrollment fees were raised in 2010,” Ngu added.

Source: VNA

Source: QDND

VN-Index slides as support disappears

In Uncategorized on December 24, 2010 at 4:38 am

Vietnam’s benchmark VN-Index, which tracks 274 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, failed to protect its good performance on December 22 as investors opted to sell by the end of the trading session.

The gauge pared 0.05 percent, or 0.25 points, to close at 481.53 points.

Among the index members, 61 advanced, 159 retreated, while 59 remained unchanged.

Trading volume slightly dropped over the previous trading session. Around 61.5 million shares changed hands at a value of VND1.44 trillion.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) was the most active share in volume with 4.3 million shares traded

It was followed by Saigon Securities Inc. (SSI), the country’s largest brokerage, with 4.14 million shares.

Tan Tao Investment Industry Corporation (ITA) came in third with 2.68 million shares changing hands.

Cuu Long Pharmaceutical Joint Stock Corporation (DCL) sank 6.42 percent to trade at VND33,500. The company will pay dividends for the first term of this year to its current shareholders in cash at a ratio of 10 percent since January 20.

Ocean Group Joint Stock Company (OGC) plunged 5.79 percent to VND24,400. The company will pay dividends for this year in cash at a ratio of 10 percent to its current shareholders since January 6.

Ho Chi Minh City Metal Corporation (HMC) tumbled 5.52 percent to VND15,400. Since January 10, the company will pay dividends to its current shareholders in cash at a ratio of 8 percent.

Binh Thuan Hamico Mineral Joint Stock Company (KSA) capped its four-day losing streak, rallying 4.98 percent to VND48,500.

South Logistics Joint Stock Company (STG) closed up 4.94 percent to VND25,500.

Rang Dong Plastic Joint-Stock Company (RDP) gained 4.86 percent to VND15,100.

The trading floor in the north performed the same sketch as the Hanoi’s HNX-Index slumped 1.1 percent, or 1.27 points, to close at 113.73 points. Trading volume dropped to more than 36 million shares worth VND685.37 billion.

Meanwhile, the UPCom-Index added up 0.54 points to 41.76 points this morning. A total of 139,120 shares changed hands at a value of VND1.23 billion.

Source: SGGP

Putin calls embattled doctor in show of support

In Uncategorized on December 18, 2010 at 9:56 am

Prime Minister Vladimir Putin has called an embattled doctor who is under pressure after his complaints of “window-dressing” unleashed a torrent of criticism, his spokesman said on Saturday.

The powerful Russian prime minister called cardiologist Ivan Khrenov on his mobile phone late Friday in a show of support, his spokesman told AFP.

“So are they putting the squeeze on you?” the premier asked the doctor in remarks confirmed by his spokesman, Dmitry Peskov.

“Well, you do not worry, we will not leave you in the lurch. Call us if anything,” Putin told the doctor.

Khrenov, a young cardiologist from the central Russian town of Ivanovo, has become a reluctant national celebrity after he complained about “window dressing” at local hospitals during Putin’s recent visit.

He told Putin during a live call-in show this week that officials had told doctors to lie about their salaries. He also said medical equipment had been temporarily brought to a regional hospital from elsewhere.

Officials vehemently denied the accusations, with Ivanovo region governor Mikhail Men saying equipment like a CT scan could not have been removed from other hospitals simply because it is too big.

The General Prosecutor’s Office said on Friday the doctor’s report was being verified and local prosecutors said they planned to call in Khrenov for questioning.

Putin has expressed bewilderment at the report and said it had to be thoroughly checked.

Anecdotal evidence regularly emerges in Russia that local officials thoroughly prepare for Putin’s visits and often take it to extremes in order to please the top boss.

His marathon call-in show was seen as a reaffirmation of his status as the true Russian number one, even after handing the presidency to his protege Dmitry Medvedev in 2008.

Speculation is buzzing that he may be planning to return as head of state in 2012 elections.


Source: SGGP

World Bank steps up support for Vietnam’s higher education

In Uncategorized on December 17, 2010 at 8:27 am

The World Bank and the State Bank of Vietnam on Thursday signed a financing agreement and related legal documents for the Higher Education Development Policy Credit valued at US$50 million.
The credit is provided by the International Development Association, the arm of the World Bank that helps the world’s poorest countries.

The program as a whole is designed to support implementation of the Vietnamese government’s higher education reform agenda. This operation aims to strengthen governance and accountability, rationalize financing, improve quality of teaching and research, and enhance transparency in financial management within the higher education sector. 

Addressing the signing ceremony, Ms. Victoria Kwakwa, the World Bank Country Director for Vietnam, said: “Further progress in  access to, and quality of education and training at all levels is critical for achieving Vietnam’s development objectives and in particular its objective to build the skills needed to raise the competitiveness of its economy.”

Source: SGGP

Banking stocks support markets’ recovery

In Uncategorized on December 16, 2010 at 10:06 am

Vietnam’s benchmark VN-Index rebounded on December 15 as banking shares once again buoyed stocks on the Ho Chi Minh Stock Exchange.

The gauge of 271 companies and five mutual funds restored 0.78 percent, or 3.82 points, to close at 493.47 points.

On the benchmark, 77 stocks advanced, 146 fell, while 53 were unchanged.

Trading volume on the city bourse remained on high level. Around 95.68 million shares changed hands at a value of VND2.18 trillion.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) became the most active share on the benchmark with 9.16 million shares changing hands, followed by Tan Tao Investment Industry Corporation (ITA) with 6.06 million shares.

Saigon Securities Inc. (SSI), the country’s largest brokerage, came next with 5.39 million shares traded.

Vinafco Joint Stock Corporation (VFC) increased for five consecutive days, gaining 4.97 percent to VND19,000.

Viet Nam Joint Stock Commercial Bank for Industry and Trade or Vietinbank (CTG) surged for the fourth straight day, emerging 4.95 percent to VND21,200.

Hanoi-based technology company CMC Corporation (CMG) revived 4.92 percent to trade at VND19,200.

Tay Bac Minerals Investment Joint Stock Company (KTB), Saigon Beverages Joint Stock Company (TRI), and Viet – Han Corporation (VHG) all plunged the daily maximum allowed limit of 5 percent to VND24,700, VND5,700, and VND17,100 respectively.

Vien Dong Investment Development Trading Corporation (VID) sank the second day, losing  4.96 percent to VND11,500.

Vimedimex Medi – Pharma Joint Stock Company (VMD) eroded 4.92 percent to VND30,900.

The smaller bourse on the north also performed well as the Hanoi’s HNX-Index climbed 0.83 percent, or 0.99 points, to close at 120.6 points. Trading volume sharply dropped over the previous trading session as just nearly 79 million shares changed hands at VND1.55 trillion.

Meanwhile, the UPCom-Index also added up by 0.19 points to 42.19 points this morning. A total of 216,534 shares changed hands at a value of VND2.9 billion.

Source: SGGP

WB steps up support for Vietnam’s higher education reform agenda

In Uncategorized on December 16, 2010 at 9:39 am

The World Bank’s Board of Executive Directors has approved US$50 million for Vietnam’s higher education development policy program.

WB agreed November 30 additional support for the sustained implementation of the government’s reform agenda for the second operation in a programmatic series of three credits.

Students at a lecture hall. WB decides to give additional support for Vietnam’s  higher education development policy program

The credit is provided by the International Development Association (IDA) – the part of the World Bank that helps the world’s poorest countries.

The program as a whole is designed to support the Government’s implementation of its “Socio-Economic Development Plan 2006-2010” and its “higher education reform agenda”. 

This operation aims at to strengthen governance, rationalize financing, improve the quality of teaching and research, improve accountability for performance, and enhance transparency in financial management within the higher education sector. 

“The operation supports a number of policy measures that are being put in place by the Government, aimed at modernizing and improving the efficiency of Vietnam’s higher education system,” said Victoria Kwakwa, the World Bank’s Country Director for Vietnam. “The reform program will help tertiary institutions in Vietnam begin to meet growing demand for better quality higher education, including through greater private participation in higher education provision.”

The education sector in Vietnam has expanded rapidly, with the fastest growth taking place at the upper levels of education.  As a result of these enrollment and demographic trends, gross and net enrolment rates have continued to increase for all education levels.  Higher education coverage, though, remains relatively low.

Source: SGGP

US congressmen voice support for VN’s AO victims

In Uncategorized on December 16, 2010 at 9:30 am

A number of US congressmen have voiced support for Vietnamese Agent Orange /dioxin victims, saying the US government must places importance on dealing with the consequences of the toxic chemical.

A march showes support to AO victims (Photo: VNA)

Chairman of the House Judiciary Committee John Conyers, Chairman of the House Foreign Affairs Subcommittee on Asia, the Pacific and the Global Environment Eni F.H. Faleomavaega and congressman Bob Filner affirmed the support during meetings with a delegation of the Vietnam Association for Victims of Agent Orange/Dioxin (VAVA) which paid a visit to the US from Nov. 22-Dec. 4.

Having organized three hearings on the AO/dioxin-related issue in Vietnam , Faleomavaega said he was regretful because he “had yet to do much for Vietnamese AO/dioxin victims”. The congressman also called on the governments of the US and Vietnam to jointly assume responsibility for addressing this issue.

At a working session with the VAVA delegation, headed by its President Sen. Lieut. Gen. Nguyen Van Rinh, US Department of State officials in charged for Southeast Asian affairs also affirmed the settlement of the AO/dioxin consequences in Vietnam is a priority of the department.

During the trip, the VAVA delegation and leaders of the Veterans for Peace (VFP) and the Vietnam Agent Orange Relief and Responsibility Campaign (VAORRC) discussed the coordination of activities to assist the victims in the coming time, especially on the 50th anniversary of the beginning of the US chemical war in Vietnam (August 10, 1961-August 10, 2011).

The delegates worked with the President of the Ford Foundation and representatives of the Atlantic Philanthropies. They also met with lawyers and scientists who have devoted to the victims’ struggle for justice, as well as a number of overseas Vietnamese who have launched initiatives to enhance relations between the Us-based Vietnamese community and the homeland.

Source: SGGP

VND14 billion raised from fundraising concert to support flood victims

In Uncategorized on November 16, 2010 at 8:55 am

Sai Gon Giai Phong hosts fundraising concert to support flood victims

In Uncategorized on November 14, 2010 at 9:24 am