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Around 70,000 receive ARV treatment in Vietnam

HA NOI (VNS)– Approximately 70,000 people living with HIV have received antiretroviral (ARV) treatment since late 2005, the Ministry of Health said on Tuesday. The country now has 206,000 people living with HIV. On average, about 10,000 get ARV treatment each year. The treatment helps 82.1 per cent of adults living with HIV and 82.8 per cent of children living with HIV to lengthen their lives by more than 12 months, said Nguyen Thanh Long, Deputy Minister of Health. This ratio is higher than the 80 per cent recommended by the World Health Organization. However, Viet Nam continues to face challenges in treating the…

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France supplies surveillance fishing vessels to Vietnam

PHU YEN (VNS)- Seven of the 120 offshore fishing boats in central Phu Yen have been equipped with French fisheries surveillance systems, according to the province’s Coastal Information Station. The station said the fisheries surveillance system, named Movimar, will be installed on all vessels in the province by the end of the year. According to Collecte Localization Satellites (CLS), a French satellite distributor, Movimar will help coastal information stations determine the position of any ship in the area. The device also allows vessels to send typhoon warnings by satellite. Phu Yen is the first among 28 provinces…

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US$69.9 million to upgrade urban areas in Can Tho by WB

The World Bank has funded US$69.9 million to help upgrade urban areas in Can Tho, a major city of Viet Nam, with interest of 2.5 per cent per year, according to the city’s Urban Upgrading Management Committee. Viet Nam’s government contributed $20.4 million. The project includes upgrading roads, water supply and drainage, electricity and light systems in low-income areas of Ninh Kieu, Binh Thuy, Cai Rang and O Mon districts. The funds will also go towards building a 5.5 ha resettlement area in Binh Thuy District with infrastructure including a school, healthcare centre and market. The project is scheduled to finish…

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Vietnam Prime Minister to head delegation to 21st ASEAN summit in Cambodia

HA NOI (VNS)– Prime Minister Nguyen Tan Dung plans to head a high-ranking delegation at the 21st ASEAN summit in Phnom Penh. The trip, initiated by Cambodian Prime Minister…

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Denmark firm sues Vietnam over tardy ODA project

Vietnam’s project management board in Bac Giang City in the north has to pay EUR1.15 million (US$1.4 million) in compensation to a Demark contractor for finishing an ODA-funded environmental project one year later than planned. The Bac Giang City Environmental Hygiene and Drainage Management Board has to pay the compensation to contractor MT Hojgaard A/S (MTH). MTH had earlier asked for EUR3.6 million to cover costs arisen from the tardiness. Both sides brought the issue in front of the International Court of Arbitration headquartered in Paris but later negotiated. After two days of negotiation (3rd and 4th…

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Who receives highest pay in Vietnam?

VietNamNet Bridge – Hundreds of millions of dong are paid to the CEOs who work in the “hot business fields” such as finance and banking, power and oil and gas. CEOs in state owned conglomerates receive tens of millions of dong How much the CEOs of Petrolimex (petroleum importer and distributor) and EVN (the Electricity of Vietnam) receive for their jobs every month is the thing that most people are interested in. EVN’s General Director Pham Le Thanh once revealed that the average pay to EVN’s workers in 2009 was 7.3 million dong, saying that this was a modest pay level. In…

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Vietnam Business Briefs November 14, 2012

* Dinh Vu Port Investment & Development JSC. (DVP) announced November 26 as ex-date and November 28 as record date for 2012 interim cash dividend payment. The firm will pay dividend at VND2,000/share on December 14, 2012. * Phuc Tien Trade Manufacture JSC. (PHT) reported its current outstanding shares as at November 8 as follows: […]

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Vietnam lawmakers debate ways to reinvigorate economy

HA NOI (VNS)– Questions about how to provide businesses with access to loans, settle bad debts, manage the gold market and ensure dam safety fueled a heated question and answer session yesterday between National Assembly deputies and Government officials. Answering a question about the gap between world and domestic gold prices, State Bank of Viet Nam governor Nguyen Van Binh said that when the domestic gold price went up, the government in the past had to import gold to stabilize the market, which could negatively affect foreign currency reserves. He said the government had…

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Higher fees set for Vietnam visa applications in January 2013

HA NOI (VNS)— Fees for visa and temporary residence card applications will be increased by US$15-35, effective in January, 2013. Under a new circular issued by the Ministry of Finance, the fee for a single-entry visa will rise from the current $25 to $45. Multiple-entry visas will be classified into one-month…

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