4 killed in road accident in Tra Vinh At least four persons were killed and two injured when two coaches crashed into three motorbikes in Tra Vinh, a Mekong River Delta province, this morning. The accident happened at 10am on Ba Si Bridge in Cang Long district's Phuong Thanh commune when two coaches tried to cross the bridge at the same time and crashed into three motorbikes with two passengers each, the local traffic police reported. Police are further investigating the accident. 15 firefighters suffer injuries in paint store fire Fifteen firefighters were taken to hospital after a chemical box exploded in a fire at a paint store in Hoa Vang district, Da Nang city, yesterday night. The city's firefighting police department said this morning that the fire broke out at about 11pm in Hoa Chau commune, 20km from the city, and the department sent 10 fire trucks to stamp out the fire and rescue local residents living near the store. No one was reported killed. However, a box, which … [Read more...] about Social News 9/5
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BUSINESS IN BRIEF 5/10
NFSC assesses Jan-Sep economic performance Though economic indicators showed improvements, more efforts are still needed for attaining the 5.5% GDP growth target, according to the National Financial Supervisory Committee (NFSC). The NFSC reported that economic production bounced back slowly. Inventory levels of industrial manufacturing dropped sharply and industrial production index constantly rose, soaring 5.4% in September. However, import growth rates of raw materials remained modest. Total demand was relatively weak in which the January-September retail sales of goods and services increased by 12.5% against the same period last year. GDP growth pace in Q3 was higher than forecast thanks to the Government's efforts to maintain macro-economic stability and prioritize inflation curbing. Nevertheless, the economy still faces challenges including inefficient credit freeze and weak consumption demand which are hampering production. In addition, GDP growth rate relying heavily on … [Read more...] about BUSINESS IN BRIEF 5/10
BUSINESS IN BRIEF 9/11
Developers slash property prices With bank loans falling at the end of this year and losses from a gloomy domestic real estate market, many property developers have begun slashing prices of their apartments to boost revenue. On Monday, just three days after PetroVietnam Power Land announced a discount of 34 per cent on it's apartments, the Sai Gon Mekong Company reduced prices on 500 apartments in the An Tien urban area project in HCM City's District 7 from VND18 million (US$860) per square metre to VND14.5 million ($690) per square metre. Representative from the company's leaders Ho Van Tuyen said the move was an attempt to recoup capital for new business opportunities. Late last week, PetroVietnam Power Land Company cut off 34 per cent of the 85 apartments in its PetroVietnam Landmark project in District 2 to VND15.5 million ($738) per square metre from the earlier VND23.8 million ($1,130). The sell-off was aimed at resolving the difficulties of a frozen property market and … [Read more...] about BUSINESS IN BRIEF 9/11
SOCIETY IN BRIEF 24/10
Conjoined twins die of respiratory disease The conjoined twins born in the Mekong Delta province of Soc Trang on October 12 died on Sunday afternoon due to breathing problems, said Dr. Cam Ngoc Phuong, head of the neonatal intensive care unit at Ho Chi Minh City's Pediatrics Hospital 1. "We supported the twins in breathing but they had serious problems in respiration due to several defects such as a single atrium and attached hearts," she said. The baby on the left has difficulty breathing and has an undeveloped lung, and has been placed on a ventilator. (Photo: Tuoi Tre) According to Phuong, since the twins turned pale since last Saturday morning, the neonatal intensive care unit couldn't do anything but observe them and put them on intravenous nutrition and a ventilator. Previously in an interview with Tuoi Tre , Dr. Tran Thanh Trai, former head of the pediatrics department at the hospital said that from the results of ultrasound scan and CT scan, if they carried out … [Read more...] about SOCIETY IN BRIEF 24/10
Social News 5/1
19 localities put on forest-fire alert Nineteen localities in the country are on high alert for forest fires due to prolonged dry weather, the agriculture and rural development ministry's Viet Nam Administration for Forestry warned yesterday. The alert status in six of these provinces - Bac Giang, Bac Kan, Binh Thuan and Dien Bien, besides Hoa Binh and Son La - is of the highest level. The National Steering Committee for Forest Protection and Development Plan has ordered the People's Committees of the localities to take prompt action to prevent forest fires. Vietnamese gov’t gives premium subsidies for greater family enrollment Vietnamese government will give support to family members’ health insurance aiming to expand coverage even further, to at least 70 percent of the population by 2015 and 80 percent by 2020, said Tong Thi Song Huong, head of the Department of Health Insurance under the Ministry of Health. As per an amendment of Medicine Insurance Law which takes … [Read more...] about Social News 5/1