Tuesday, October 2, 2007

Denmark aids Viet Nam in opening markets

Ha Noi (VNA) – A Danish initiative, the Global Competitiveness Facility for Vietnamese Enterprises (GCF), will organise its first workshop in Ha Dong city, Ha Tay province on October 3. The workshop, which will attract 80 businesses, will provide information on GCF’s ability to finance and aid local enterprises as well as business associations. Five other similar workshops will be held in central Nghe An and Khanh Hoa provinces, Central Highlands Lam Dong province, Ho Chi Minh City and Ha Noi, reflecting GCF’s commitment to the private sector in improving global competitiveness for the Vietnamese enterprises. The GCF, built by the Danish Agency for International Development (Danida), is part of Denmark’s Business Sector Programme Support to Viet Nam. The programme aims to facilitate the access of Vietnamese enterprises to international markets.-Enditem

(Source: ThanhNien News)

BUSINESS - FINANCE: "VNS becomes HASTC member"

The Ha Noi Securities Trading Centre has officially allowed the VNS Securities Company to become a member of the stock exchange. The company has had a trading representative at the bourse since Oct. 1. On Oct. 1, VNS representatives helped investors place orders worth 10 billion VND (621,000 USD) and 200 investors opened accounts at the company.VNS, with a charter capital of 161 billion VND (10 million USD), plans to set up a branch in Ho Chi Minh City.-Enditem

Big Vietnam firms take risks on land, stocks: report


Some of Vietnam's big firms rely heavily on risky speculation in land and equities to generate profits as they adapt to global competition, UN economists said Monday.


A survey of 200 of the largest firms, most of them state-run, found them to be "dynamic and ambitious", but lacking sufficient help from government to gain access to export markets, acquire new technologies and train workers.
"One cause for concern is that state-owned enterprises are drawing down most of the investment but they are not producing many jobs," United Nations Development Program economist Jonathan Pincus told a news conference.
Vietnam joined the World Trade Organization in January, a milestone in its 20-year-long policy of creating a market economy.
Vietnam's biggest companies are small in global terms, but an estimated $8.3 billion in foreign direct investment pledges has this year poured into an economy growing at over 8 percent.
"The incentive structure at present encourages firms to invest in assets like land and shares where they can make quick returns," Pincus said. "That doesn't mean much to the overall productivity of the Vietnamese economy."
Real estate prices are at record highs and the main Ho Chi Minh Stock Exchange is up 44 percent this year.
Policies such as land tax, property tax and capital gains tax do not exist in Vietnam as they did in Japan, South Korea and Taiwan when they were at similar stages of development. Big conglomerates helped fuel the growth of those economies.
Vietnam's big companies should invest in core businesses to improve technology and products and increase the need for infrastructure and capital, the economists said.
Since WTO entry, Vietnam has attracted further investment in electronic components assembly and other areas.
The year-long survey "Top 200: Industrial Strategies of Vietnam's Largest Firms" found that many companies were dissatisfied with the education and training of Vietnamese institutions.
The young workforce – about half of Vietnam's 85 million people are under 35 – was considered trainable and hard-working by senior management, according to the report.
The research included state-owned, private and joint venture foreign companies and were chosen based on labor, assets, turnover and tax.

Source: Reuters

Man Utd 1-0 Roma



Wayne Rooney's first goal of the season fired Manchester United to victory against Roma at Old Trafford.
There was to be no repeat of the 7-1 drubbing handed out to Roma in April by United in last season's quarter-final.
Chances were at a premium with Cristiano Ronaldo and Francesco Totti restricted to long-range efforts.
Rooney broke the deadlock with a sharp 15-yard finish after he was set up by Nani to leave United three points clear at the top of Group F.


United seem to have a habit of winning 1-0 and once again they failed to hit anything like top form against a resolute Roma outfit.
The entire match was a tactical affair in which United demonstrated plenty of intent but very little of the attacking verve which served them so well last season.
Roma, who were knocked off the top of Serie A on Saturday when they slumped to a 4-1 home defeat to Inter Milan, were content to soak up what United threw at them.


Both sides went into the game with stand-in goalkeepers - but neither was seriously tested with long-distance shots from Francesco Totti and Cristiano Ronaldo causing few alarms.


United - with Louis Saha starting a game for the first time since February - began passing the ball around crisply but Roma quickly smothered the Red Devils with Daniele de Rossi brilliantly screening the visiting defence.
Totti's 30-yard free-kick evaded the wall and Tomasz Kuszczak, in for the injured Edwin van der Sar, needed two attempts to cushion the ball to his chest.
United should have gone ahead on 33 minutes when Nani got round the back of the Roma defence only for a carefree Rooney to volley over from a good position.
That apart, Sir Alex Ferguson will have been disappointed to see his side lacking momentum in wide positions with Ronaldo and Nani dropping deep far too often.
If United were too relaxed in the first period, they immediately threatened at the start of the second when a Ronaldo raid down the right was cleared by a relieved Phillipe Mexes in front of his own goal.
Roma spurned their best chance when Giuly set up Totti, who blazed over the advancing Kuszczak from close range five minutes after the restart.
Alberto Aquilani fired another warning to United moments later when he fired narrowly wide from the edge of the box as the Italians sensed a goal was possible.
United were still struggling to get sufficient men forward with Paul Scholes and Michael Carrick content to sit deep in the crowded midfield and unable to make their mark on proceedings.


Rooney produced a bright moment when he cut inside the left side of the Roma defence before unleashing a powerful low shot which Curci pushed away for a corner.
Carlos Tevez replaced the tiring Saha and United soon had the ball in the net when the Argentine found Ronaldo, who audaciously back-heeled home from an offside position.
Rooney clinched victory 20 minutes from time with an exquisite finish to raise the roof off Old Trafford.
Carrick found Nani and he cleverly played the ball through to Rooney who turned outside and found the net off the inside of the far post with a crisp 15-yard shot.
Tevez almost made it 2-0 with a sizzling 22-yard effort while Kuszczak did well at the other end to collect a well-struck Simone Perrotta effort.
Roma should have levelled three minutes from time when Totti played the ball back for Mauro Esposito, who carelessly blazed wide from 10 yards with United stretched at the back.
Ferguson said beforehand that he would settle for a 1-0 win. It was not always pretty but it went to script and United are well on their way towards qualifying for the knockout stages.


Man Utd: Kuszczak, O'Shea, Vidic, Ferdinand, Evra, Ronaldo, Carrick, Scholes, Nani (Giggs 79), Saha (Tevez 66), Rooney (Anderson 84). Subs Not Used: Heaton, Pique, Simpson, Eagles.
Goal: Rooney 70.
Roma: Curci, Cicinho, Mexes, Juan, Tonetto, De Rossi, Aquilani (Pizarro 61), Giuly (Esposito 79), Perrotta, Mancini (Vucinic 74), Totti. Subs Not Used: Bertagnoli, Antunes, Barusso, Brighi.
Booked: Mexes.
Att: 73,652.
Ref: Manuel Enrique Mejuto Gonzalez (Spain).

BBC

Champion League last night 02/10

Group ELyon 0-3 RangersVfB Stuttgart 0-2 Barcelona Group FDynamo Kiev 1-2 SportingManchester United 1-0 Roma Group GCSKA Moscow 2-2 FenerbahceInter Milan 2-0 PSV Eindhoven Group HSevilla 4-2 Slavia PragueSteaua Bucharest 0-1 Arsenal

Player rater: Who thought Rangers would win tonight and would have the star player of the night? Daniel Cousin just has the edge on fellow goalscorer Lee McCulloch with a mark of 8.37. You rank Cesc Fabregas as Arsenal's best player and Manchester United's Cristiano Ronaldo as their pick.
AS THE GROUPS STAND
Group E: Barcelona are top on goal difference from Rangers. The pair go head-to-head over the next two rounds at Ibrox on Tuesday 23 October and the Nou Camp in the first week of November.
Group F: Manchester United are top with a three-point cushion over Roma and Sporting and will meet bottom-placed Dynamo Kiev next time out.
Group G: Fenerbahce lead the way on four points ahead of Inter Milan and PSV Eindhoven on three.
Group H: The Premiership's top guns are also top of their group, as they were at the start of the evening. Arsenal host Slavia Prague in three weeks.

(BBC Sport)

Monday, October 1, 2007

Women's World Cup Final 2007: Germany Women 2-0 Brazil Women



Germany edged out Brazil in a gripping match to become the first team to retain the Women's World Cup.
Brazil's Daniela crashed a fine 20-yard volley against the post early on.
But Germany went ahead when Sandra Smisek showed great composure to pick out captain Birgit Prinz, whose scuffed shot crept under keeper Andreia.
Brazil then missed a penalty when Marta saw her shot saved by Nadine Angerer and the Germans sealed the win when Simone Laudehr headed home late on.
A 2-0 scoreline was harsh on a Brazilian side who played with flair and creativity and posed problems throughout.
The South Americans, surprise finalists after their shock 4-0 hammering of USA in the semi-finals, were looking to be crowned champions for the first time.
And in a first half played at a ferocious pace at the Hongkou Stadium in Shanghai, they looked the more likely to break the deadlock.
The pace and trickery of Marta, Daniela and Cristiane always looked like breaching a German defence who had not conceded a single goal at the World Cup.
Formiga squandered a wonderful early chance following a dangerous free-kick, which Angerer did well to beat away, and Marta's direct running was a constant threat.
The Brazilians' best chance fell to Daniela, whose sublime volley from the edge of the box beat Angerer but canoned back to safety off the post.
But the Germans also had their opportunities, the impressive Kerstin Garefrekes powering an early shot wide at the near post and Smisek wastefully curling an effort over the bar with her left foot.
And Germany made Brazil pay for not taking their chances when Prinz's first-time strike somehow bobbled under Andreia after fine work by Smisek on the right wing.
The Brazilians failed to let that affect their confidence and continued to press forward.
Their efforts looked like being rewarded when Cristiane won a penalty after racing on to a through-ball and was bundled to the ground by Linda Bresonik.
But Angerer made a superb stop to deny Marta from the spot-kick and minutes later she showed just why she had such a remarkable defensive record by pulling off a fantstic diving stop to keep out Daniela's free-kick with the help of the post.
Germany confirmed their victory in the dying moments when Laudehr met Renate Lingor's superbly flighted corner.
-Germany coach Silvia Neid: "Brazil had more of the game, but we worked hard as a team, especially in defence.
"In the second half, we scored at the right time, and after that our players realized they could hold this game.
"After Nadine stopped the penalty, I was pretty sure we wouldn't concede a goal."

-Brazil coach Jorge Barcellos: "We had a lot of chances. Germany had fewer chances, but when they got them they scored.
"Even though we lost, this result of making the final will bring more investors and will bring a lot of benefits to women's football in Brazil."
(BBC Sport)

Football match last night 01/10/2007


Tottenham 4-4 Aston Villa
Younes Kaboul completed an amazing comeback by Tottenham as they fought back from 4-1 down to hold Aston Villa.
Dimitar Berbatov nodded Spurs in front but Martin Laursen levelled after Paul Robinson's error, then made it 2-1 when he deflected in Zat Knight's header.
Gabriel Agbonlahor drilled home a third and Craig Gardner's low free-kick made it 4-1 before Pascal Chimbonda replied after Jermain Defoe had hit the post.
Robbie Keane's penalty made it 4-3 before Kaboul's last-gasp leveller.
Tottenham remain in the bottom three of the Premier League but their under-fire boss Martin Jol can take heart from the way his side responded when facing almost certain defeat.
But while the manner in which the home side earned their point will ease the pressure on Jol, he will know he must solve the defensive problems which meant they had to work so hard to get something from this game.
Spurs had celebrated their 125th anniversary with a parade of legends before kick-off but the party did not continue for long once the game was underway.
True, Jol's side were looking dangerous going forward but Tottenham's continuing difficulty in dealing with Villa's attacks meant that, just two minutes after Berbatov rose to nod the home side ahead, the visitors were level.
Robinson inexplicably dropped Gareth Barry's corner and the ball bounced kindly for Laursen, who smashed his shot into the unguarded net.
Villa's second goal was almost as embarrassing for the Tottenham defence, a quick free-kick catching them unawares and, from another Barry cross, Knight headed the ball against Laursen, through Robinson's legs and into the net.
Things got even worse for Spurs before the break when Gabriel Agbonlahor latched on to a clearance from Villa keeper Scott Carson, held off Michael Dawson and fired into the bottom corner.
And when Robinson failed to keep out Craig Gardner's low free-kick early in the second half, things looked ominous for Spurs and for Jol.
But Tottenham never gave up and, with Defoe brought off the bench, they belatedly began to threaten again.
The England striker hit the post before Chimbonda netted from the rebound to give his side hope, then Robbie Keane brought the score back to 4-3 from the spot after Marlon Harewood clumsily fouled substitute Darren Bent.
It still looked like Villa would hold on but Kaboul had other ideas, slamming home in stoppage time after Villa failed to clear a corner.
Tottenham: Robinson, Chimbonda, Dawson, Kaboul, Bale, Lennon (Malbranque 86), Zokora, Huddlestone, Tainio (Defoe 54), Berbatov (Bent 73), Keane. Subs Not Used: Cerny, Rocha.
Booked: Kaboul.
Goals: Berbatov 20, Chimbonda 69, Keane 82 pen, Kaboul 90.
Aston Villa: Carson, Mellberg, Knight, Laursen, Bouma, Gardner (Petrov 73), Reo-Coker, Barry, Young, Moore (Harewood 66), Agbonlahor. Subs Not Used: Taylor, Davies, Osbourne.
Booked: Reo-Coker, Gardner, Carson.
Goals: Laursen 22, 33, Agbonlahor 40, Gardner 59.
Att: 36,094
Ref: Mike Dean (Wirral).
(BBC Sport News)