In Briefs (27-10-2009) VN firms display products at US health food fair HA NOI — Vietnamese firms will showcase their products at Supplyside West 2009, the world's largest event for healthy and innovative ingredients, according to the Ministry of Agricultural and Rural Development's Trade and Agricultural Promotion Centre. The annual event, to be held from November 9-16 in Las Vegas, offered a chance for local firms to share experiences and enlarge their export outlets, the centre said. Exports to Algeria rise to $79m in first nine months HA NOI — Viet Nam exported over US$79 million worth of goods to Algeria in the first nine months of the year, representing a year-on-year increase of 2.5 per cent, according to statistics released by the Algerian Customs. Rice and frozen seafood registered increases of over $7 million, reaching $16.8 million and $7.6 million, respectively. Meanwhile, coffee, with a value of $43.9 million, saw a decrease of 40 per cent compared with the … [Read more...] about VN firms display products at US health food fair
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Indochina Capital to close VN fund
Indochina Capital to close VN fund (05-09-2009) HA NOI — Indochina Capital Viet Nam Holdings Ltd (ICV) has decided to close its fund and will start an orderly realisation of its entire portfolio in 12-18 months. The ICV board announced the decision when more than 65 per cent of its shareholders opted for the realisation. The board will send out a circular soon to shareholders with further details regarding the distribution process of the realisation's net proceeds. In explaining the 65 per cent shareholder opt out, the fund said that around 40-45 per cent of the shareholders were arbitrage hedge funds that bought into ICV with the intention of generating short-term profit. The fund also reported another reason: "The strong rally of Viet Nam's equity markets over the past four to five months has increased ICV's net asset value (NAV), substantially making realisation at a 15 per cent discount to NAV per share, but at a premium to making the ICV share price more attractive." "The … [Read more...] about Indochina Capital to close VN fund
Duo wins VN version of Just the Two of Us
Magical: Singer Doan Trang and MC Tran Thanh won first prize at the first season of the Vietnamese version of the BBC's popular reality singing contest Just the Two of Us in HCM City on Sunday. — VNS Photo Ly Vo Phu Hung HCM CITY — Singer Doan Trang and Master of Ceromonies Tran Thanh won the first season of the Vietnamese version of BBC's reality singing contest Just the Two of Us. Trang and Thanh won the admiration of judges and audiences with impressive performances during the two-month-long Cap Doi Hoan Hao contest produced by the national television VTV and the Cat Tien Sa Media and Television Company. At the finale held at the Nguyen Du Gymnasium on Sunday the couple performed three songs - a fast-paced song, a slow melody and a classic: Nu Than (Nymph) by Lil Nguyen and Quoc Bao, Chi Co Doi Ta (Just the Two of Us) by Quoc Bao, and Dat Nuoc - Giai Dieu To Quoc Toi (Country - Melodies of My Fatherland) by Pham Minh Tuan. The winning couple got a total of five points, … [Read more...] about Duo wins VN version of Just the Two of Us
VN to implement new rubber export tax
HA NOI — The Ministry of Agriculture and Rural Development (MARD) has asked the Ministry of Finance (MoF) not to impose an export tax on rubber coded HS 4001 to encourage exports this year. Bui Ba Bong, MARD's deputy minister said that under the nation's rubber development plan to 2015 with a vision to 2020 approved by the Prime Minister, incentives were needed in order to boost the domestic rubber industry, including a tax-free export policy for latex. The request comes in response to a draft mulled by the MoF that intends to increase the export tax rate to 5 per cent for rubber. According to MARD, only 18 per cent of the rubber produced was used domestically, while the majority was exported. Thail products to go on display in VN HA NOI — More than 130 Thai businesses will participate in the Thailand Products Exhibition taking place in Ha Noi from August 11-14, which will display high-quality perishable goods and commercial exports. Thai Ambassador to Viet Nam … [Read more...] about VN to implement new rubber export tax
Nguyen Bao Nguyen: Passion with black and white portrait drawings
(VOVworld) ' Digital technology has created a revolution in portraiture. People can take digital cameras anywhere to capture the special moments in their lives. But, one old man in the heart of Hanoi's Old Quarter is sticking with black and white portrait drawings. He is 75-year-old artist Nguyen Bao Nguyen whose talented hands and patience infuses soul into his portrait drawings. On this week's Sunday Show, we'll tell you about his passion with this art. Bao Nguyen says passion and fate are the two words that best explain why he has stuck with his art for more than 50 years. He recalls that his childhood dream was to become a scientist, so he chose to study physics at university. But, he failed to achieve his dream due to a serious illness which struck him down during final exams. He became a portrait painter by chance. One day, walking along the streets of Hanoi's Old Quarter, Nguyen stopped to watch a painter at work and immediately fell in love with the job. Bao Nguyen says … [Read more...] about Nguyen Bao Nguyen: Passion with black and white portrait drawings