PGS, PVT set revenue target for first six months of 2015

Petrovietnam Southern Gas Joint Stock Company (PGS) has set a total revenue target of VND 2,803.2 billion for the first six months of 2015, the company's pre-tax profit in the first six months is estimated to touch VND 90.2billion, completing 56.8 percent of its target. It is expected to reach revenue of VND 3,539 billion in the last six months of 2015; net-tax profit of VND 79.5 billion. Petrovietnam Transportation Corporation (PVT) targeted to reach its first 6 month's business result with revenue of VND 2,670billion, completing 53 percent compared to its goal. The net profit would be VND 190billion. Dong A Plastic Group JSC (DAG) announced to close its shareholder list on July 9 and issue 1.9million shares and carry out dividend payout ratio at 10:1 at a cost of VND 10,000. This year, DAG targets to reach revenue of VND 1,139billion and the company's pre-tax profit will be VND 36.4billion. … [Read more...]

Tien Giang girl crowned Miss Mekong Delta 2015

Nguyen Thi Le Nam Em from Tien Giang province has been crowned the first Miss Mekong Delta 2015 on the final night of the pageant, which concluded in Can Tho. Born in 1996, Nam Em stands at 1.71 meter tall and is a student of the Military University of Culture and Arts. She defeated 30 other contestants from provinces in the Mekong Delta to win the crown, along with the title, she received a cash prize of VND 300 million (US$14,000). First runner-up Nguyen Nguyen Huynh Truc Mai received VND 150 million (US$7,000) and second runner-up Vuong Thanh Tuyen received VND70 million (US$3,400). The organisers also awarded other titles such as Miss Talent, Miss Tourism and Miss Ao Dai, among others. Each winner will receive over VND 20 million (US$920). The event was broadcasted live on HTV9, VTV Can Tho and CT43, and other provincial TV channels. As part of the Mekong Delta Green Tourism Week, the pageant offered contestants a chance to take part in a number of cultural and social … [Read more...]

Song Cau town: mobilizing VND 598 million to the Fund for the Poor in 2015

By the end of June 2015, Song Cau town has completely conducted the aforementioned item. In particular, each of the public servants, laborers in the town supported an amount of one-day wage, totally VND 310.5 million; officers and employees from communes, wards contributed VND 34.3 million; the households donated VND 253.2 million. From the Fund for the poor and other mobilized resources, the Standing Fatherland Front in the town, communes and wards deployed to support poor families on financing, means for business, striving to have 165 households (comprising 99 households of Trade Union’s members, members of unions and 66 households) escape poverty by the end of this year. Source: Phu Yen Newspaper Translated by TRINH THUY … [Read more...]

PM okays electricity, transport funds

Prime Minister Nguyen Tan Dung has approved the allocation of VND 72.6 billion (US$3.5 million) to subsidise electricity and transport in the provinces of Quang Tri, Binh Thuan, Kien Giang, Quang Nam and Binh Dinh. Part of the money will be used for boats transporting fresh water and items for daily life to the province's islands. Dau Tu Viet Nam Investment Review City seeks extension for canal upgrade The HCM City People's Committee has asked Prime Minister Nguyen Tan Dung for an extension until 2019 of an upgrading project on the city's canals of Tau Hu, Ben Nghe, Doi, and Te. The project, with total capital of VND11.3 trillion ($538 million), includes Japan's ODA loans and corresponding capital from the city budget. It also calls for a 2,150-ha system of collecting and treating waste water. The aim is to improve the living environment of 1.5 million residents in districts 4, 5, 6, 8, 10, 11 and Binh Chanh. Sai Gon Giai Phong (Liberated Sai Gon) HCM City to urbanise rice paddy … [Read more...]

Free health check-ups for people in Dak Lak

PANO - Doctors of a working mission of the Polyclinic of Phuong Dong College in Da Nang offered health check-ups and free medicines to 400 locals in the former revolutionary base of Krong No commune, Lac district, Dak Lak province. Medical staffer of Phuong Dong College providing medical examination to local people Accordingly, the doctors have examined and given consultancy to locals on the common diseases such as tuberculosis, liver disease and diabetes, to name but a few. Besides, they suggested 14 serious cases be treated at upper-level hospitals and presented nearly 100 kinds of medicines, worth approximately VND 200 million to the locals. Addressing the event, Chairman of the college's Board of Directors held that their polyclinic has carried out many healthcare programs for people in flood striken areas of the Central Region and Central Highlands with a total cost of billions of VND since 2006. Translated by Anh Tien … [Read more...]

Hai Van furnace recognized as national historical relic

PANO – The authorities of Nhu Thanh district, Thanh Hoa province on June 28th held a ceremony to receive the Ministry of Culture, Sports, and Tourism’s certificate recognizing Hai Van blast furnace in Hai Van commune as a national historical relic and the decision on restoring and promoting the relic’s values. In 1949, the Party Central Committee and President Ho Chi Minh instructed military and weapon service to build a NX1 blast furnace in Dong Muoi valley in Nhu Xuan district (present Nhu Thanh district) to produce materials for making weapons to serve the resistance war against French invaders. The second blast furnace named NX2 with smaller capacity was shortly built. Within two years, the two blast furnaces provided around 200 tons of cast iron for engineers of Zone 4 to manufacture weapons for battlefields. Certificate presented to the relic However, these two blast furnaces were discovered and bombarded by the enemy. Having surveyed the field, leaders of … [Read more...]

New section of Ho Chi Minh Highway opens to traffic

PANO – The Ministry of Transport and the provincial People’s Committee of Kon Tum on June 28th opened to traffic the section of the Ho Chi Minh Highway running through Kon Tum province. The section officially put into operation The construction of the 23.7km long section was started in September 2013 at a cost of VND 860 billion funded by the government bond. After 20 months of construction, the section has been completed, 6 months prior to the deadline and meeting all the designed requirements. The section is expected to boost regional as well as local socio-economic development and contribute to strengthening national defence and security. Translated by Chung Anh … [Read more...]

Nguyen Hue University cares for martyr’s family

PANO – The Army Officer College No.2 (Nguyen Hue University) on June 28th presented a gratitude house to the family of Martyr Nguyen Van Chau in Moi hamlet, Xuan Loc commune, Can Loc district, Ha Tinh province. Ceremony to hand over the house to the family The house was constructed at a cost of VND 70 million of financial support. After a period of time, with the joint efforts of the local socio-political organizations, relatives and neighbours, the house has been completed and handed over to the family. Since early 2014, Nguyen Hue University has built 14 gratitude houses worth nearly VND 1 billion, presented hundreds of gifts to wounded soldiers and martyrs’ families. The school has also been taking care of a Vietnamese heroic mother. Translated by Huu Duong … [Read more...]

Social News 29/6

Police raid bar in HCM City Inside Canalis Bar. Police caught more than 10 people with drugs as they raided the Canalis Bar in District 3, HCM City, at early hours yesterday. As many as 250 customers were present in the bar during the raid and many of them failed to show any identity papers. Police also checked the motorbikes and automobiles of customers and reportedly found weapons. No immediate penalty on taxis without black boxes The Ministry of Transport (MOT) has proposed the Government to defer imposing penalty on taxis lacking black boxes or with malfunctioning black boxes. Earlier, it was scheduled that the owners of taxis without black boxes, an itinerary supervising device, will be penalised from the beginning of next month. The MOT said that some localities have failed to complete the installation of black boxes on transport vehicles. The Viet Nam Automobile Transportation Association said that the number of taxis in the country has been huge, nearly 60,000, which … [Read more...]

Nguyen Thi Le Nam Em crowned Miss Mekong Delta 2015

Nguyen Thi Le Nam Em crowned Miss Mekong Delta 2015 NDO – Nguyen Thi Le Nam Em from Tien Giang province has been crowned the first Miss Mekong Delta 2015 on the final night of the pageant, which concluded in Can Tho. Born in 1996, Nam Em stands at 1.71 meter tall and is a student of the Military University of Culture and Arts. She defeated 30 other contestants from provinces in the Mekong Delta to win the crown, along with the title, she received a cash prize of VND 300 million (US$14,000). First runner-up Nguyen Nguyen Huynh Truc Mai received VND 150 million (US$7,000) and second runner-up Vuong Thanh Tuyen received VND70 million (US$3,400). The organisers also awarded other titles such as Miss Talent, Miss Tourism and Miss Ao Dai, among others. Each winner will receive over VND 20 million (US$920). The event was broadcasted live on HTV9, VTV Can Tho and CT43, and other provincial TV channels. As part of the Mekong Delta Green Tourism Week, the pageant offered … [Read more...]

Hanoi: USD 64 million poured into IT sector

During the first half of this year, the Hanoi People’s Committee approved USD 64 million worth of investment in 85 foreign-invested projects in information technology (IT), a year on year leap of 93 percent. Of the 85, 23 were newly approved. Japan holds 9 projects, accounting for the largest proportion (39 percent), followed by the Republic of Korea’s 3 projects (13 percent), according to the Hanoi Department of Information and Telecommunications. Photo for illustration. Photo: dantri.com.vn Hanoi is home to over 11.2 million mobile phone subscribers, down 2.47 percent from last year, together with 3.5 million Internet subscribers and 770,000 cable TV subscribers, up 6.77 percent and 2.66 percent, respectively. Meanwhile, the number of landline phone subscribers has seen a significant 34 percent drop from the same period last year. The city has 77 postal service providers and nearly 1,120 post offices. By June, turnover from telecommunications was estimated to be … [Read more...]

PM approves electricity subsidy grant for the disadvantaged

Prime Minister Nguyen Tan Dung has agreed to use money from the state budget to subsidize electricity prices for residents in island communes and districts and poor households. Accordingly, 72.6 billion VND will be granted to five provinces to subsidize electricity prices and maintain the operation of water tanks and seawater purifiers on islands, as well as assist the operation of boats transporting fresh water and basic necessities to islands communes and districts. Of the amount, 61 billion VND (2.8 million USD) goes to the southern province of Kien Giang, 2.6 billion VND to Quang Tri, 3.8 billion VND to Binh Thuan, 2.2 billion VND to Quang Nam and 3 billion VND to Binh Dinh. The PM also agreed to increase the 2015 budget allocations for localities to subsidize electricity cost for poor households and households benefiting from social policies under the Decision No 28/2014/QD-TTg issued on April 7, 2014.-VNA … [Read more...]

Family meals strengthen attachment among family members

Grandma, mother and daughter prepare a family meal together NDO – The 2015 Vietnam Family Festival opened at the Vietnam Centre for Exhibition, Culture and Arts (VCECA), 2 Hoa Lu Street in Hanoi on June 26 under the theme "Family Meal: Cozy and Warm". Addressing the event, being held to celebrate Vietnam Family Day (June 28), Deputy Prime Minister Vu Duc Dam stressed that family plays a very crucial role in nurturing the vitality of Vietnamese culture. He called on everyone to spend more time with their family and relatives in order to build up strong families and better a society. (Photo: VGP/ Dinh Nam) According to Deputy Minister of Culture, Sports and Tourism Vuong Duy Bien, the three-day festival focuses on the theme of family meals, a time for all members to spend together. It is the family table where love begins and grows over time. The highlight of the festival is a cooking contest hosted by the VCECA and the Vietnam Women’s Union. The contest … [Read more...]

Local gold prices drop to five-year low

HA NOI (VNS) — Gold prices fell to their lowest level in the last five years in Viet Nam yesterday. The price of one tael or 1.205 ounces of the state-owned SJC gold was VND34.44 million (US$1,579). The gold price has been falling in the local market since early this month. In the last three days, the price of a tael of gold dropped VND250,000 ($11.4) Meanwhile, on the global gold trading floor Kitco.com, the price of gold was $1,177.6 per ounce or $1,419.2 per tael. Reuters.com said gold edged up on June 25 after falling in the past four sessions to a two-week low, with investors awaiting news on Greece's talks with its international lenders to avert a default for further trading cues. Thus, the price of a tael of gold in Viet Nam was $159.8 higher than in the world market on the same day. Bao Tin Minh Chau Jewellery and Gemstone Co. Ltd said they sold more gold in the past few days, with the selling/buying rate of 60/40, respectively. The company also encouraged buyers to … [Read more...]

Vietnam Airlines kicks off promotion program

Vietnam Airlines' airplane (Photo for illustration) PANO – The national air carrier Vietnam Airlines on June 24th announced its special promotion program to mark the 1st anniversary of the Hanoi - Haneda (Japan) flight route. Accordingly, from June 26th – July 31st, passengers taking Hanoi - Haneda and Haneda - Hanoi return flights will enjoy special fare prices (at VND 10,750,000 for economy and VND 21,478,500 for business class tickets respectively). Other fees are not included. Vietnam Airlines officially opened the Hanoi - Haneda flight route on July 1st 2014 with the frequency of 7 flights per week. This is the 9th flight route of the carrier connecting Vietnam and Japan. Translated by Huu Duong … [Read more...]

Vietnamese peacekeepers self-sufficient in greens in Central African Republic

PANO – Three Vietnamese officers, undertaking tasks in the United Nations Multidimensional Integrated Stabilization Mission in the Central African Republic (MINUSCA), have harvested their first green vegetable crop in a fallow garden borrowed from the hostess. It is encouraging that Uncle Ho’s soldiers could conquer the harsh weather and different soil in the "Dark Continent" to produce a green vegetable garden. This result has won the Vietnamese officers the respect from international colleagues living in the same residential quarter. From seriously lacking greens… Lacking green vegetables is one of the tough challenges facing the Vietnamese officers in their first days in this Central African country where they are performing the UN peacekeeping operations. Vegetables are scarce and rarely appear in local people’s daily meals due to the region’s extremely hot weather with scorching sun. It is so hot that even at weekends they have to come to the … [Read more...]

Peruvian men jailed for theft

HA NOI (VNS) – The Ha Noi People's Court yesterday jailed two Peruvian men for theft. William Rafael Aguilar Villanueva, 43, received a nine-month sentence and Jose Marcelino Velasquez Aviles, 62, received a five-month term. They will be expelled from Viet Nam after they serve their time. On January 8, the two men hired motorbikes to go to Sofitel Metropol, a luxury hotel in Ha Noi, went to the hotel's lunch room and stole a Canadian woman's bag with asset worth VND 19 million (US$873) including a tablet, a camera, and cash. The next day, they went to another hotel, but failed to steal anything. Their action was recorded by the cameras in the hotels. Police caught the two men when they were trying to sell the stolen tablet. – VNS … [Read more...]

Regulations on foreign advertising service providers in Vietnam

Since Vietnam joined WTO on January 11 2007, it has been permissible for foreign investors to cooperate and invest with Vietnamese enterprises operating in advertising services through joint venture establishment or Business Cooperation Contract (BCC). Vietnam enables foreign investors investing in the country to provide advertising services, specifically as follows: Form of investment According to commitments made to join WTO, foreign investors desiring to pursue an advertising service business in Viet Nam may not set up a wholly foreign-owned enterprise; they are only given permission to establish a joint venture or cooperate under a BCC. In addition, commencing from 1st January 2009, restriction on foreign investors' capital contribution percentage has been lifted. As a consequence, any capital contribution percentage less than 100% is acceptable in a joint venture with Vietnamese partner. Conditions The Vietnamese partner must satisfy the conditions of being an enterprise … [Read more...]

Art performance to mark 5 years of “Hearts connection” program

Art performance to mark 5 years of "Hearts connection" program On June 20, at the film studio S1 - Quang Ngai Radio and Television Station, the organization board of "Hearts connection" program held the art performance to mark five years since the first broadcasting day of the column. Secretary of the provincial Party Committee cum Chairman of the provincial People's Committee Le Viet Chu attended the event. ​ The event is also an opportunity to express the gratefulness towards units and benefactors who have supported the column during the past five years. The "Hearts connection" column has been broadcasted for the fist time on April 2011 under the coordination between the Quang Ngai Radio-Television station and the provincial Vietnamese Fatherland Front Committee. Until now, 201 numbers of the column have been broadcasted, mobilized more than VND 4.8 billion from the benefactors and supported 227 families with difficult circumstances. Vinasoy - the main sponsor of the column … [Read more...]

VND 100 bln for new rural construction

Illustrative photo In his recent approval, the PPC's Chairman has decided to allocate VND 100 billion from the preferential credit loans 2015 for communes to implement the new rural construction program. ​ Particularly, more than VND 87 billion will be allocated to 13 communes that registered to achieve the new rural standards in 2015. The capital will be used to implement the projects of drainage canals, rural traffic roads and infrastructures of trade villages in rural areas. Nearly VND 13 billion will be allocated to 05 mountainous and island communes to implement the new rural construction project in 2015 including communes of Ba Chua (Ba To), Long Son (Minh Long), Son Thanh (Son Ha), Tra Binh (Tra Bong), and An Hai (Ly Son). Minh Thien ​ … [Read more...]