Vietnamese productivity equal to 80% of Korea in some fields, but salaries far less

GSO (General Statistics Office) has released a report showing that labor productivity is VND93.2 million per worker, or $4,159, in accordance with 2017 prices. 

Social News 18/1

 Adulterated petrol incident at Quang Tri filling station, Exhibition on cultural heritage of ASEAN Community opens in Kon Tum, Old book fair to open in Hanoi, Tour Guide Association, Hanoi branch launched to promote tourism

Kazakhstan accident: Bus fire kills 52

 A bus has caught fire in north-western Kazakhstan, killing 52 people, the interior ministry has said.

Pham Cong Danh acknowledges money transfer

Pham Cong Danh told the court yesterday that he had transferred VND600 billion to Hua Thi Phan, a former high-level advisor of Trust Bank, and had used VND500 billion to increase registered capital at VNCB.

Downtown HCM City parking lots overloaded with motorbikes

Many family households in HCM City’s District 1 are storing motorbikes at their homes after the decision by the District 1 People’s Committee last Thursday to suspend operation of 48 parking sites on street pavements.

Illegal builders in the spotlight

The Ministry of Construction has again proposed that water and electricity supply be cut off at illegal constructions although this measure was discontinued in 2015 because of its inconsistency with regulations. 

BUSINESS IN BRIEF 18/1

 Plan to implement VN-Italy customs cooperation agreement approved, Vietnam must address three hurdles to economy, GrabBike drivers subject to 4.5% tax, Finance Ministry: SOEs heavily in debt

2017 called the ‘year of milk tea’

VietNamNet Bridge - For the 8X, 9X and 10X generations, “Hey, let’s have a milk tea” has replaced the classic invitation for “A cup of coffee?”. 

Korean convenience store chain to open first branch in Vietnam

 GS Retail Co., a major convenience store chain operator in the Republic of Korea (RoK), said on January 17 that it will open its first two foreign branches in Vietnam. 

Vietnam’s tennis teenager enters third round of Copa Del Café

 Vietnam’s Nguyen Van Phuong secured a place in the third round of the Copa Del Café Junior Tennis Tournament in Costa Rica on January 17.

Year of Dog paintings on display

 An art exhibition titled Colour of the New Year – Year of the Earth Dog, is due to open in the central city’s Fine Arts Museum on January 18. 

Vietnam’s stocks plummet over margin policy

 Vietnamese shares plummeted on January 17 as investors realised short-term profits. Worries remained that the adjusted policy on margin lending could take effect early next month.

Vietnamese boy wins double at Melbourne Open

 Nguyen Trung Nam of Vietnam won a brace of titles at the 2018 Melbourne Open Championships on January 16 in Australia.

Bitcoin dips below $10,000 for first time since December

 Bitcoin has traded below $10,000 for the first time since early December. The value of one bitcoin fell to $9,958 (£7,222) before making a slight recovery, according to a price index run by the news site Coindesk.

Government to promote private investment

The public investment restructuring scheme in 2017-20 will focus on core sectors of the economy and major projects that give impetus to socio-economic development and promote public and foreign investments under PPP practice.

Adjustments to Mekong Delta region master plan approved

 Deputy Prime Minister Trinh Dinh Dung has approved adjustments to the development master plan for the Mekong Delta region until 2020, with a vision to 2050. 

U23 Vietnam win international praise

 The U23 team have written a new page in the history of Vietnamese football after winning a ticket to the quarterfinals of the Asian Football Confederation (AFC) U23 Championship in China on January 17.

APPF-26 kicks off first working day

The 26th Annual Meeting of the Asia-Pacific Parliamentary Forum is to open in Hanoi on January 18 with three key meetings scheduled for the day.

Facebook selfie showing murder weapon helps convict killer

 A Canadian woman has been convicted of killing her friend after police discovered the murder weapon used in a picture of the pair on social media.

Researchers suggest ban on mobile phone while driving

 VietNamNet Bridge – Transport researchers have suggested banning the use of mobile phone while car driving as it threatens road safety.

Vietnam, Google share wish for stronger cooperation

Vietnam and US multinational technology company - Google LLC want to boost cooperation across the fields of IT and communication as well as share information on the basis of respect for international practices and Vietnamese law.

Parking ban at toll stations

 VietNamNet Bridge – The Directorate for Roads of Vietnam has asked investors of road projects under Build-Operate-Transfer (BOT) contracts to ban cars from parking for over five minutes at toll stations.

Over 1,000 artifacts of My Son sanctuary go digital

 More than 1,000 artifacts uncovered during the excavation and restoration of towers in the world heritage site of My Son sanctuary in the central province of Quang Nam have been digitalised thanks to the assistance of experts from Italy and India.

Princess Cruises increases high-class tours to Vietnam

 Princess Cruises, a five-star premium cruise line, has announced that it will increase the number of cruise tours to Vietnam in 2018.

Students bring folk plays to campus life

However, until recent time, when University of Social Sciences & Humanities youth union coordinated with the Cheo 48 Hours to organize a gala programme, Anh had a chance to participate in a Cheo show and performed cheo on stage.