Social News 22/10

Free health checks offered in Kien Giang Over 500 disadvantaged people in the Cuu Long (Mekong Delta) province of Kien Giang received free health screening on Sunday. At the programme, organised in An Minh Bac Commune in U Minh Thuong District by local authorities, the Thien Tam Charity Foundation belonging to the Tan Binh District Red Cross, and Bayer Viet Nam, medicines and supplies like instant noodles and cooking oil were also donated to the beneficiaries. They were taught how to grow rice safely and farm fish naturally. … [Read more...]

Dong Nai: FDI firm receives Labour Medal

Taekwang Vina Industrial Joint Stock Company, a business from the Republic of Korea operating in southern Dong Nai province, was awarded the third class Labour Medal for its 20-year contribution to Vietnam's development. The ceremony on September 30 saw the participation of Oh Jae Hack, the Korean General Consul in HCM City, and local authorities. Addressing the event, Chairman of the provincial People's Committee, Dinh Quoc Thai, said Taekwang Vina JSC had made substantial contributions to the province's economic growth and created thousands of jobs for local residents. … [Read more...]

BUSINESS IN BRIEF 4/4

VCB to make $1b bond issue Vietcombank (VCB) will issue up to US$1 billion in bonds on overseas markets this year in order to facilitate the bank's foreign currency operations, Vietcombank general director Nguyen Phuoc Thanh accounced at the bank's shareholders' meeting yesterday in Ha Noi. Thanh said foreign exchange operations played an important role in Vietcombank's business, with foreign currency deposits currently accounting for about 30 per cent of the lender's total deposits. Foreign currency lending also made up over 32 per cent of total credit activity. "Raising medium- and long-term capital through issuing international bonds will help balance the budget for foreign currency credit operations," Thanh said. Vietcombank posted a net profit of over VND4.2 trillion ($200.8 million) in 2011. As of December 31 of last year, the lender's total assets were worth VND367 trillion ($17.48 billion), an increase of 19.2 per cent over the previous year. Total deposits rose 16 per … [Read more...]

Nam Dinh vows to support RoK investor in power project

The authorities of the northern province of Nam Dinh pledged to help the Republic of Korea's Taekwang Vina Industrial Company to solve difficulties and speed up the implementation of its thermo-electric power project in Hai Hau district. Chairman of the provincial People's Committee Nguyen Van Tuan made the affirmation at a working session with Taekwang Chief Representative Park Hyang Soo on September 6. According to the provincial leader, the project has seen many favourable conditions as it won the backing of local people and the Government's approval for its purchase of domestic coal. He suggested Taekwang immediately inform the province about any difficulty so that the two sides can work together to deal with it. The RoK company submitted a pre-feasibility plan for the project in January this year and hopes to receive a license by the end of 2012. The Nam Dinh thermoelectric power plant, with a total investment of US$4.5 billion, will be built in Hai Chau and … [Read more...]

RoK firm to build US$4.5 bln power plant in Nam Dinh

The Taekwang Group from the Republic of Korea is planning to build a US$4.5 billion coal-fired power plant in the Red river province of Nam Dinh. The group and the Ministry of Industry and Trade signed a Memorandum of Understanding on construction of the plant in Hanoi on March 30 in the presence of the RoK Ambassador to Vietnam, Park Suk Hwan. The 2,400-MW power plant will be built in the communes of Hai Chau and Hai Ninh in Hai Hau district under the build-operate-transfer (BOT) model. In the first phase, running from 2016-2017, the project will construct two 600 MW turbine groups. Two other 600 MW turbines will be built from 2020-2021. The Vietnam National Coal-Mineral Industries Group (Vinacomin) will be responsible for providing coal for the plant during the first phase. To carry out the project, the RoK group has set up a joint venture between the Taekwang Vina Company, which holds 95 percent of the total capital, and the Hoang Anh Shipbuilding Industry Company … [Read more...]

US$ 4.5 billion thermo-electric power plant built in Nam Dinh

4-5-billion-thermo-electric-power-plant-built-nam-dinh-1-380696-100x100

Deputy Prime Minister Hoang Trung Hai, has given approval to the project of a thermo-power plant, based in Nam Dinh, at the cost of US$ 4.5 billion. Expected to be in operation for 25 years, the power plant will be built by Korea's Taekwang Vina Industrial Company, the BOT contractor of investor Hashinco. Located on an area of 251ha in Hai Hau district, the first phase of the power plant, capable of 1,200MW, will be completed by 2017 and its capacity will be doubled by 2021 when the second phase will be completed. At present, Taekwang Vina is negotiating with relevant agencies to secure reasonable electricity prices. Source: Vnexpress Translated by Hoang Anh … [Read more...]

Social News 21/10

Authorities crack down on street ads Restrictions against placing brand logos or pictures of products on advertisements for shops have just been put in place for store in HCM City. Under the new regulation issued on September 16, which is still under review, the citywide ban on advertisements for shop signboards designates that any ad featuring such images must be taken down by March, 2015. Currently, a wide range of shops include brand logos and pictures of products on their advertisements. Logos and photos of products sold by retailers are often used on signs and billboards in the city. … [Read more...]

HCM City to host int’l conference on stoma

The 8th Congress of the Asia Society of Stoma Rehabilitation and Asia South Pacific Ostomy Association will be held in Ho Chi Minh City from October 31 to November 1. The biennial conference, titled "Enhancing the quality of life of ostomates," will discuss various aspects of stoma rehabilitation and discuss problems facing ostomates or people who have undergone ostomy, a surgery to create a stoma. A stoma is a surgically constructed opening, especially one in the abdominal wall that permits the passage of faeces and urine. … [Read more...]

Ho Chi Minh City to host international conference on stoma

NDO/VNA - The 8th Congress of the Asia Society of Stoma Rehabilitation and Asia South Pacific Ostomy Association will be held in Ho Chi Minh City from October 31 to November 1. The biennial conference, titled "Enhancing the quality of life of ostomates," will discuss various aspects of stoma rehabilitation and discuss problems facing ostomates or people who have undergone ostomy, a surgery to create a stoma. A stoma is a surgically constructed opening, especially one in the abdominal wall that permits the passage of faeces and urine. … [Read more...]

City to host int’l conference on stoma

HCM CITY (VNS) - The 8th Congress of the Asia Society of Stoma Rehabilitation and Asia South Pacific Ostomy Association will be held in HCM City from October 31 to November 1. The biennial conference, titled "Enhancing the quality of life of ostomates," will discuss the various aspects of stoma rehabilitation and discuss the problems facing ostomates, or people who have undergone ostomy, a surgery to create a stoma. A stoma is a surgically constructed opening, especially one in the abdominal wall, that permits the passage of faeces and urine. … [Read more...]