Twelve new gold medals gained on the second day of the 4th Asean ParaGames being held in Thailand is not enough to help Viet Nam hold its second position which was subsequently lost to Malaysia on the overall Asean ParaGames Ranking. In track and field event, Vietnamese athletes snatched seven more golds. Vietnamese 3rd ParaGames's Shot Put Champion Trinh Cong Luan was the first gold-digger on the second day when he finished his new event, Men's Discus Throw with the highest result. Nguyen Thi Hai (section F58) continued to collect the second gold medal in Women's Shot Put while her teammate Vo Thi Thu Thuan (section F42) triumphed over Burmese athlete Khaing Tin Tin to set a new record in this event and received another gold. Moreover, Dang Dai Chien (section F12) in his Men's category and Truong Thi Thuy Nga (section F13) in her Women's category set two new records to bag two more golds. The Women's 400m saw Nguyen Thi Cao (section T54) holding a new record and a gold medal. Ha … [Read more...] about Viet Nam Bags 12 More Golds but Lose 2nd Place at Asean Paragames
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Ba Ria-Vung Tau: Potential Marine Economy of Southern Viet Nam
Ba Ria-Vung Tau is one of the Southern key economic regions which are considered an impetus for development of southern regions and the country. With its unique location as a gateway of southeast provinces to the eastern sea, Ba Ria-Vung Tau has lots of potentials for fast and comprehensive development of a marine economy. At the conference "Ba Ria-Vung Tau and the Marine Economy Development Strategy", held at the Sea Festival 2006 in Ba Ria-Vung Tau, issues on marine economy development strategies and investment attracting policies in Ba Ria-Vung Tau were reported by authorities of local departments and organizations. Ba Ria-Vung Tau's potentials Evaluating Ba Ria-Vung Tau's potentials, Chairman of the Provincial People's Committee Tran Minh Sanh said, "Ba Ria-Vung Tau is one of the localities having favorable conditions for developing the marine economy. In the past years, the province's economic growth rate has been always high with the big development of industries … [Read more...] about Ba Ria-Vung Tau: Potential Marine Economy of Southern Viet Nam
Viet Nam’ Stock Market Is the Second-Fastest Growing: CNN
According to an article on the CNN's financial news portal, CNNMoney, Viet Nam stock market has had stunning growth since the beginning of 2006. From the last trading session in 2005 to the closing of April 14 trading session, the VN-Index has upped 60% from 307.5 points to 561.09 points. This is the second-fastest growth in the world this year, behind only Zimbabwe's. From the initial market capitalization of US$144 million for 22 listed companies two years ago, the market has increased more than tenfold, to US$1.5 billion for 35 companies and 1 mutual fund today. In fact, in the first 3 months of 2006, with the listing of Vietnam Dairy Products Joint-Stock Company (Vinamilk) and Taya Electric Wire and Cable Joint Stock Company (Taya Vietnam), the market capitalization has doubled. According to the State Securities Committee (SSC), Ho Chi Minh City Securities Trading Center (VSE), as HCM City Infrastructure Investment Company (CII), Sai Gon Thuong Tin Joint-stock Commercial Bank … [Read more...] about Viet Nam’ Stock Market Is the Second-Fastest Growing: CNN
Foreign economists talk up Viet Nam
VietNamNet Bridge - Economists and experts from leading foreign institutions are optimistic regarding prospects for the Vietnamese economy, saying it will resume its high growth trajectory once it stabilises. Speaking at a seminar organised by the Indian Chamber of Commerce in Viet Nam (Incham) in HCM City last week, Tuyen Nguyen, investment officer at the International Finance Corporation, said that Viet Nam's social and economic stability was valued by investors. The Government was committed to stability over growth, he added. Amit Arora, country head of Standard Chartered Bank's Consumer Banking division in Viet Nam, said inflation was likely to peak later this year. Meanwhile, the dong was likely to face more depreciatory pressure due to inflation and resultant negative real interest rates, while the continued high interest growth would hamper growth. The Government's priority shift from growth to inflation control in February and the subsequent tightening of money supply … [Read more...] about Foreign economists talk up Viet Nam
Viet Nam grows to new stature after 20 years of renewal
After 20 years of renewal (1986-2006), Viet Nam has grown to a new stature on a par with friends around the world on the path of international integration, said the chief of the Viet Nam News Agency (VNA). The year 2006 is approaching its last days, but echoes of a year full of achievements continue to inspire the entire people, wrote Nguyen Quoc Uy, Acting General Director of the country's largest news agency, in an article carried by Tin Tuc newspaper on Dec. 29. The 10th National Party Congress was, as usual, the country's top political event, Uy said, noting that however, this congress was also significant in that it reviewed the past 20 years of renewal to sum up great and historical achievements and at the same time put forth directions for sustainable development for a country with a population of close to 100 million in an attempt to lift itself out of underdeveloped status. Looking back the year 2006, the leading journalist noted that Viet Nam posted an economic … [Read more...] about Viet Nam grows to new stature after 20 years of renewal