Musical show for patients to be broadcast live

PANO - The 70th "Bringing music to hospitals" program, to take place at the Central Institute of Haematology and Blood Transfusion, will be broadcast live on VTV6 channel at noon on March 21st. This program will be organized simultaneously at the studio 14 (S14) of Vietnam Television and the institute. MC Cong To, singers Thai Thuy Linh and Bui Anh Tuan will be at S14 while two young singers Minh Chuyen and Viet Tu, musician Nguyen Tuan, 3 child singers namely Mai Chi Cong, Bich Hang and Vu Thai An and MC Tuan Tu, will join doctors and patients at the institute. Notably, FPT's Strategic Director Nguyen Huu Thai Hoa will perform some immortal songs by late composer Trinh Cong Son. As part of this program, 10 patients with adversity will receive gifts in both kind and cash from donors, including the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV). The program, launched 3 years ago, is co-organized by the Tim Hong (Red Heart) … [Read more...]

Whole-army blood transfusion safety workshop opens

PANO - Major General Vu Quoc Binh, Director of the Military Medical Department, on March 20th chaired the 2014 Whole-Army Blood Transfusion Safety Workshop in the central city of Da Nang. The two-day workshop reviews blood transfusion safety in the army over the past time and is working out orientations for the time to come. Officials in charge of blood test and transfusion of military hospitals will be provided with new circulars and regulations on blood transfusion of the Health Ministry, as well as discuss blood transfusion safety with other experts in the army, the Health Ministry and from the US. Under statistics from the Central Institute of Haematology and Blood Transfusion, about 10 per cent of the annually donated blood contains contagious germs, including HIV. Besides, some medical equipment and shortage of regulations on blood transfusion badly impact blood transfusion safety. The workshop, jointly organized the Military Medical Department under … [Read more...]

Voluntary blood donation spell in 2013-2014 school year launched

The education and training sector is expected to mobilize officials, teachers, etc. to donate blood with the aim of collecting around 1,440 blood units.The provincial Red Cross Society on the afternoon of 2 December, in coordination with the Department of Education and Training, deployed the voluntary blood donation spell in the 2013-2014 school year.The education and training sector is expected to mobilize officials, teachers, and laborers in preschools, primary schools, and junior high schools across the province to donate blood from 10 December 2013 to 10 January 2014 with the aim of collecting around 1,440 blood units (about 120 blood units per district, provincial town, or city).The Central Institute of Haematology and Blood Transfusion and the provincial General Hospital will directly take and receive blood.The blood donation spell was organized to overcome the shortage of blood for emergency aid during the Lunar New Year when students and pupils return home for the … [Read more...]

Hai Duong Gyno-obstetrics Hospital saves parturient woman with rare blood group

Hai Duong Gyno-obstetrics Hospital has timely saved the life of Bui Thi Hoan, a parturient woman with postpartum haemorrhage.Patient Bui Thi Hoan is on the way to recoveryHai Duong Gyno-obstetrics Hospital has timely saved the life of Bui Thi Hoan in Lai Vu commune (Kim Thanh, Hai Duong), a parturient woman with postpartum haemorrhage.This was a special case as patient Hoan, with rare blood group AB, needed transfusion of up to 17 blood units.Patient Bui Thi Hoan, who had been transferred from Kim Thanh district General Hospital to Hai Duong Gyno-obstetrics Hospital, had signs of premature delivery at 11:20 pm on 5 July. At that time, she was just 26 weeks pregnant.Previously, Ms. Hoan had underwent the first Caesarean (in 2000), a cervical polypectomy (in 1998), and a miscarriage after one month of pregnancy in need of emergency aid because of excessive bleeding (in 2010).At 5 am on 6 July, Ms. Hoan gave a natural birth to a 0.9-kg baby girl, who was immediately rushed to "For 15 … [Read more...]

Thousands of young people join “Red Sunday” campaign

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(VOV) - Over 3,000 young people braved the chilly weather to participate in the fifth "Red Sunday" campaign on January 20, donating blood at Hanoi National University. Blood Donation Festival due on Sunday Blood donation festival launched in Hanoi Blood donation festival for cancer patients Speaking at the event, Health Minister Nguyen Thi Kim Tien said she hopes the campaign would develop into a valuable, reliable source of blood donations for patients in need. The campaign is expected to collect around 800-1,000 units of blood. According to the organising board, the number of young people who registered to donate blood greatly exceeded expectations. It demonstrates the young generation's sympathy for the disadvantaged and their willingness to share the burden of social security responsibilities. "Red Sunday", co-organised by the Central Institute of Haematology and Blood Transfusion and the Tien Phong (Vanguard) newspaper, was launched in 2009 and has collected more than … [Read more...]

BIDV plays a growing role in Laos

An BIDV transaction office (Photo: BIDV) The Bank for the Investment and Development of Vietnam (BIDV) has successfully invested abroad, particularly in Laos, according to a leader of the bank. Phan Duc Tu, BIDV’s General Director, said that besides affiliation with partners from Malaysia, Russia and Cambodia, economic cooperation in the Lao market has played a significant role in the bank’s business operations over the past years. Many Vietnamese firms in Laos agreed that BIDV, through its Lao-Viet Bank, Lao-Viet Insurance Company and BIDV Representative Office, has given them excellent guidance and advice in accessing the Lao market and expanding operations there. Last year, BIDV’s join ventures helped the bank earn 495 billion VND (22.9 million USD), it was reported at the annual shareholders’ meeting in 2015. According to Tran Bac Ha, Chairman of the BIDV Board of Directors, the lender was one of the first Vietnamese commercial banks to invest … [Read more...]

VN-Index down as holiday begins

Investors watch market movements at a securities trading floor in Ha Noi. (Photo: VNA) Blue chips lost ground in the afternoon's session of April 27, pulling the VN-Index down 0.6 percent to close at 562.40 points. On the Hochiminh Stock Exchange, the biggest stocks, including Masan Group (MSN), Vinamilk (VNM), VnGroup (VIC), Vietcombank (VCB), Bank for Investment and Development of Vietnam (BID), Hoa Phat Group (HPG) and Phu My Fertiliser (DPM), declined by 0.9-4.4 percent. The VN30 which tracks the top 30 shares by market value and liquidity slumped 0.49 percent to end at 593.15 points. The continued drop of the Ocean Group (OGC) also fuelled investor worries. Shares dived 5 percent after many investors placed sell orders on millions of OGC shares at its floor price. However, only 675,700 shares changed hands by the end of the session. Overall market conditions were negative as the decliners outnumbered the advancers by 115-98, while another 93 closed flat. Liquidity also … [Read more...]

OceanBank sold to SBV at zero dong

NDO – The State Bank of Vietnam (SBV) has announced its decision to buy all shares of Ocean Commercial Joint Stock Bank (OceanBank) at zero VND each, thus becoming the owner of 100% charter capital of OceanBank. The deal came as a result of OceanBank shareholders’ disapproving a plan on issuing new shares to secure the real value of its registered capital to meet the central bank’s requirement on minimum legal capital (VND3 trillion) at their annual meeting on April 25. All the rights and benefits of OceanBank’s existing shareholders will be terminated following the acquisition of this credit institution. The direct acquisition of a 100% stake of OceanBank will facilitate SBV’s proactivity in continuing OceanBank restructuring and preventing the bank’s weaknesses from affecting other credit institutions, according to a press release from SBV after the meeting. OceanBank had been put under SBV’s special surveillance to control risks and … [Read more...]

Vietnam, Myanmar eye MoU on anti-corruption

Inspector General Huynh Phong Tranh and Chairman of the Myanmar Commission for Anti-Corruption Mya Win reached the consensus during their recent talks in Nay Pyi Taw, Myanmar, with both sides as members of the multilateral forum on anti-corruption in Southeast Asia. Vietnam and Myanmar have agreed to facilitate the sharing of anti-corruption experience towards signing a relevant memorandum of understanding (MoU) in the coming time. Vietnam already signed memoranda of understanding on counter-corruption with 12 countries worldwide. Mya Win said the signing of the MoU will give a boost to bilateral ties in the context of the 40th anniversary of the two countries’ diplomatic ties. Meeting Myanmar Vice President Nyan Tun earlier, Tranh asked for his support for the Bank for Investment and Development of Vietnam to be licensed to operate in the country. Nyan Tun said he backs the sharing of experience in combating graft, and Myanmar will gradually adjust reforms in ways that … [Read more...]

Social News 25/4

Third blood donation campaign targets 20,000 donors "Hanh trinh Do" (Red Journey), a campaign calling for blood donation across Vietnam, was launched for the third time in Da Lat city in the Central Highlands province of Lam Dong on April 23. The 35-day event will run in 23 cities and provinces nationwide, with goals to attract 20,000 donors and receive at least 17,000 blood units. Two groups with 140 volunteers will stop by localities to launch charitable and educational campaigns about blood donation and healthcare for the public. On the occasion, the National Steering Committee for Voluntary Blood Donation and the Central Committee of the Vietnam Red Cross Society opened training courses for information volunteers for the cause. Held in July 2013 and 2014, the Red Journey has collected over 28,300 units of blood. This year's event was co-hosted by the National Steering Committee for Voluntary Blood Donation and the National Institute of Haematology and Blood Transfusion. Ho … [Read more...]

Positions of three major Vietnamese banks after mergers

How will the position of the three state commercial joint stock banks in Vietnam - Vietinbank, Vietcombank, BIDV - change after their mergers? The Vietnam Bank for Industry and Trade (Vietinbank), the Bank for Foreign Trade of Vietnam (Vietcombank) and the Bank for Investment and Development of Vietnam (BIDV) announced their merger plans at their recent shareholders’ meetings. Vietcombank will acquire Saigon Bank for Industry and Trade (SaigonBank), BIDV will acquire Mekong Housing Commercial JS Bank (MHB) and Vietinbank will buy Petrolimex Group Commercial Joint Stock Bank (PGbank). After the merger is completed, will there be any change in the hierarchy of the three of four state-owned commercial banks in Vietnam? After the merger, Vietinbank will still be the biggest It is estimated that after the merger, Vietinbank will still have the largest charter capital and the largest network compared with Vietcombank and BIDV. Specifically, according to documents released by … [Read more...]

The positions of three major banks in Vietnam after mergers

VietNamNet Bridge – How will the position of the three state commercial joint stock banks in Vietnam - Vietinbank, Vietcombank, BIDV - change after their mergers? Related news BIDV confirms merger with Mekong Housing BankSouthern Bank to be merged with SacombankVietinBank rejects rumor about its merger with OceanBank, GPBankAt least six bank M&A deals to be made in 2015 The Vietnam Bank for Industry and Trade (Vietinbank), the Bank for Foreign Trade of Vietnam (Vietcombank) and the Bank for Investment and Development of Vietnam (BIDV) announced their merger plans at their recent shareholders’ meetings. Vietcombank will acquire Saigon Bank for Industry and Trade (SaigonBank), BIDV will acquire Mekong Housing Commercial JS Bank (MHB) and Vietinbank will buy Petrolimex Group Commercial Joint Stock Bank (PGbank). After the merger is completed, will thre be any change in the hierarchy of the three of four state-owned commercial banks in Vietnam? After the merger, … [Read more...]

BIDV supports shipbuilding for Quang Tri fishermen

At the signing ceremony (Photo: nongnghiep.vn) NDO/ VNA- The Quang Tri branch of the Bank for Investment and Development of Vietnam (BIDV) signed a contract on April 23 to provide VND13.7 billion (US$652,000) for a local fisherman to build a steel coated boat for offshore fishing. Doan Van Dung from Cua Viet town, Gio Linh district, is the first fisherman in Quang Tri to benefit from preferential loans in line with the Government’s Decree 67. According to Director of BIDV Quang Tri Nguyen Sy Hong, the bank has taken the initiative to enable local ship owners and fishermen to access credit loans through simplified administrative procedures. The bank has helped 10 fishermen complete loan procedures and 15 others are waiting for final decisions on design, cost and suitable manufacturing units for their ships. The building of high-capacity, steel boats for deep sea fishing is one of the programmes introduced under Government Decree 67/2014/ND-CP with the aim of boosting the … [Read more...]

EVN gets VND4.5 trillion to fund major power project

Van Nam Representatives of EVN and local banks sign contracts to finance the Duyen Hai 3 extension thermal power project in the Mekong Delta province of Tra Vinh - PHOTO: TRI DUNG EVN clinched the credit contracts with the Vietnam Bank for Industry and Trade (VietinBank), the Bank for Investment and Development of Vietnam (BIDV) and Vietcombank in Hanoi on Monday. Duyen Hai 3 requires more than VND22.77 trillion (around US$1.8 billion). Of the total amount, the EPC contract accounts for over US$891 million with 85% of it funded by local and foreign bank loans and the remainder by EVN. In December last year, the Prime Minister approved a special capital mobilization mechanism for the project and allowed VietinBank to arrange syndicated loans for EVN to provide reciprocal capital for the project. Duyen Hai 3 is one of the priority power projects approved by the Prime Minister in his Decision 2414/QD-TTg dated December 11, 2013. It comprises a 660-MW coal-fired thermal power … [Read more...]

Stock market continues its decline

The VN-Index decreased 0.5 per cent to close at 562.24 points. (Photo: VNA) The national stock market extended its losses on April 21 as large-cap stocks performed weakly. The VN-Index decreased 0.5 percent to close at 562.24 points. Of all stocks, the number of advancing stocks was two-thirds the losers by 81 to 125. A total of 77 others stayed flat. Market trading volume fell slightly to 98.5 million shares worth 1.65 trillion VND (76.5 million USD), basically unchanged since April 20. The VN30 Index, tracking the 30 largest codes by market value and liquidity, lost 0.36 percent to end at 593.67 points. The 30 largest stocks traded 32.4 million shares, worth 582.5 billion VND (26.9 million USD). In this basket, the number of losing stocks tripled the number of advancing ones by 18 to seven, and five remained flat. All bank stocks declined. The Bank for Investment and Development of Vietnam (BID) and Vietcombank (VCB) in turn had the highest drop with 1.57 and 1.6 … [Read more...]

MHB shareholders approve merger plan

The Saigon Times Daily HCMC – Shareholders of Mekong Housing Bank (MHB) approved a scheme to merge the bank with the Bank for Investment and Development of Vietnam (BIDV) via a 1:1 share swap. Speaking at an annual general meeting (AGM) last Friday, MHB chairman Huynh Nam Dung said that the merger would not affect the bank’s operations. The main goal of the plan is to form strong financial institutions that can secure high-quality operations and risk management in line with international practices. Besides, local institutions will be able to raise competitiveness and speed up international integration. MHB and BIDV will coordinate to implement the merger as directed by the central bank, Dung said. BIDV shareholders at an AGM on the same day gave the nod to the merger with a share swap ratio of 1:1, meaning one MHB share will be converted into one BIDV share. … [Read more...]

VND4.5 trillion contracts signed for Duyen Hai 3 power project

At the signing ceremony (Photo: VNA) Electricity of Vietnam (EVN) has signed capital contribution contracts and credit agreements worth VND4.5 trillion (USD225 billion ) with several banks for the expanded Duyen Hai 3 thermo-power project. The banks include the Vietnam Bank for Industry and Trade (Vietinbank), Vietnam Bank for Foreign Trade (Vietcombank) and Bank for Investment and Development of Vietnam (BIDV). Addressing the signing ceremony in Hanoi on April 20th, Chairman of the EVN Member Board Duong Quang Thanh said the capital will help ensure project progress, which is critical to ease power shortages in the southern region. Meanwhile, the project is expected to boost socio-economic development in the Mekong Delta region by resolving electricity shortages during the dry season, he added. Vietinbank General Director Le Duc Tho said the EVN continually receives assistance from large commercial banks that are responsible for working with economic groups and enterprises to … [Read more...]

Market continues fall from last week’s session

The VN-Index went down 0.58 percent to close at 565.04 points on April 20 as large-cap shares continued their fall from April 17. Of all stocks, the number of declining stocks doubled the number of advancing ones by 154 to 68, and 55 others stayed flat. The market's trading volume fell by 7.8 percent to reach nearly 99 million shares worth nearly 1.6 trillion VND (74 million USD), a decrease of 20 percent. The VN30 Index, tracking the 30 largest codes by market value and liquidity, lost 0.55 percent to end at 595.82 points. They traded 22.2 million shares, worth a remarkable 480 billion VND (22.2 million USD). In this basket, the number of advancing stocks was one-sixth the number of declining ones by four to 24, while only two remained flat. Most of large-cap shares also declined. Vingroup (VIC) fell by 0.4 percent to stand at 48,800 VND per share. FLC Group (FLC) dropped by 0.94 percent to close at 10,500 VND per shares. PetroVietnam Gas Joint Stock Corporation (GAS) … [Read more...]

4.5 trillion VND contracts signed for Duyen Hai 3 power project

At the signing ceremony (Photo: VNA) Electricity of Vietnam (EVN) has signed capital contribution contracts and credit agreements worth 4.5 trillion VND (225 billion USD) with several banks for the expanded Duyen Hai 3 thermo-power project. The banks include the Vietnam Bank for Industry and Trade (Vietinbank), Vietnam Bank for Foreign Trade (Vietcombank) and Bank for Investment and Development of Vietnam (BIDV). Addressing the signing ceremony in Hanoi on April 20, Chairman of the EVN Member Board Duong Quang Thanh said the capital will help ensure project progress, which is critical to ease power shortages in the southern region. Meanwhile, the project is expected to boost socio-economic development in the Mekong Delta region by resolving electricity shortages during the dry season, he added. Vietinbank General Director Le Duc Tho said the EVN continually receives assistance from large commercial banks that are responsible for working with economic groups and enterprises to … [Read more...]

VND 4.5 trillion contracts signed for Duyen Hai 3 power project

The signing ceremony between EVN and several banks for the expanded Duyen Hai 3 thermo-power project (Credit: VGP) NDO/VNA – Electricity of Vietnam (EVN) has signed capital contribution contracts and credit agreements worth VND4.5 trillion (US$225 billion) with several banks for the expanded Duyen Hai 3 thermo-power project. The banks include the Vietnam Bank for Industry and Trade (Vietinbank), Vietnam Bank for Foreign Trade (Vietcombank) and Bank for Investment and Development of Vietnam (BIDV). Addressing the signing ceremony in Hanoi on April 20, Chairman of the EVN Member Board Duong Quang Thanh said the capital will help ensure project progress, which is critical to ease power shortages in the southern region. Meanwhile, the project is expected to boost socio-economic development in the Mekong Delta region by resolving electricity shortages during the dry season, he added. Vietinbank General Director Le Duc Tho said the EVN continually receives assistance from … [Read more...]