BUSINESS IN BRIEF 8/12

 REE and Vingroup acquires Vinaconex subsidiary in US$50-million deal, Garment exports likely to hit 31 billion USD in 2017, THACO becomes Mitsubishi Fuso's general distributor, NFSC: 11M credit growth at 15.3% 

Environment dept: air quality in Hanoi isn’t as bad as reported

The deputy director of the Hanoi Department of Natural Resources and the Environment Le Tuan Dinh has reassured the public that the air quality in Hanoi is not as bad as the figures in the Green Innovation and Development Centre’s (GreenID) report.

Big foreign investors eye Vietnamese corporations

VietNamNet Bridge - More and more foreign capital is being poured into Vietnamese companies as the government speeds up the equitization and divestment process.

Four Vietnamese scientists on 2017 list of scientific researchers

VietNamNet Bridge - Of more than 3,300 highly cited scientific researchers named by Clarivate Analytics, four are Vietnamese.

The race to produce more Vietnamese PhDs

According to the MInistry of Science and Technology (MST) and Ministry of Education and Training (MOET), Vietnam now has 24,000 PhDs and 16,514 lecturers with a doctorate, and needs to have 36,000 more PhDs in the 2018-2025 period.

Waterway buses prove successful for HCM City

 HCM City’s waterway buses have already transported thousands of passengers in the ten days since beginning services.

Social News 7/12

 Clinics in Nha Trang City deteriorated, Ministry proposes three scenarios for Cai Lay tollgate spat, ASEAN student leaders meet in HCM City, Can Tho, Workshop looks to boost NGOs capacity in Vietnam

Domestic workers still lack labour contracts

 VietNamNet Bridge – The country has required a legal labour contract between the employers and their domestic workers since 2014. Three years later, implementation of the labour contract law has fallen far short of hopes, 

Finance Ministry probes Grab for possible tax evasion

 The Ministry of Finance will continue coordinating with the State Bank of Viet Nam and other competent authorities to review the use of Malaysian company Grab’s grants from the mother company to its local branch.

Samsung Electronics Vietnam tops largest firms list

 Samsung Electronics Viet Nam has overtaken Viet Nam National Oil and Gas Group (PetroVietnam) to become the largest firm in Viet Nam in 2017.

Ontario delegation inks six agreements in Vietnam

 Six new agreements were inked between organisations from Viet Nam and Ontario in Canada, including five in education, during a trade promotion event in Ha Noi on Wednesday.

Travel firms propose transit visas for Chinese tourists

 Tour operators have proposed immigration authorities issue visas for Chinese tourists in transit at international airports and seaports in HCMC and Hanoi to attract more tourists from the northern neighbor.

Daisy Ridley: Social media is bad for mental health

 Star Wars actress Daisy Ridley says becoming famous made her delete her social media. The 25-year-old, who stars as Rey in Star Wars: The Last Jedi, quit Instagram earlier this year.

Luxury good-makers win fight over online sales bans

 Europe's top court has ruled that luxury brands can stop distributors selling their products online on websites such as Amazon and eBay.

Capital flow and reforms unite for pharma sector

 Pharmaceutical stocks are once again under the limelight thanks to upcoming state withdrawals, new capital inflows, and possible removals of foreign ownership limits.

Vietnam Rubber Group shows signs of violations

Violations have been uncovered in Vietnam Rubber Group (VRG) and its member companies’ investment and management activities, leading to massive losses.

Bitcoin surges above $14,000 to new high

 Bitcoin crossed $14,000 (£10,460; €11,870) on Thursday, surging $2,000 in less than 24 hours.

Vinalines ports bounce back from the doldrums

 Despite difficulties in the global shipping market, joint-venture ports between Vietnam National Shipping Lines and its foreign partners achieved good numbers in this year’s first 10 months, signalling an upward trend after years of poor performance.

Sublime wild orchids on show in Sapa

Sapa has been enchanting local and foreign visitors with its many kinds of beautiful wild orchids, which are in bloom all year round. Let’s take a look at 14 photos of the flowers found in Hoang Lien National Park.

Australian parliament approves same-sex marriage

 Same-sex marriage will become legal in Australia after a historic bill was passed in the House of Representatives.

Top 5 places near HCM City for a New Year’s trip

Located about 100km from HCM City, Tan Lap floating village and Long Hai beach are ideal options for travelers looking for somewhere special to spend their New Year holidays.

Booking.com, Agoda must pay tax in Vietnam

All businesses have to pay tax for income they earn in Vietnam. However, Vietnamese taxation bodies have not found solutions to force foreign online booking agents such as booking.com and Agoda to fulfill their tax duties.

Lively experience at Cat Ba World Biosphere Reserve

Located 45 km east of Hai Phong port city, Cat Ba boasts a typical ecological system in Vietnam, including tropical rain forests, limestone islands, mangrove forests, coral reefs, and sea grass.

Hanoi: Drivers fall in slippery Kim Lien Underpass

 Dozens of motorbike drivers skidded and fell off their bikes in the Kim Lien Underpass in Hanoi on Thursday morning. 

Man in Hanoi arrested for long-term abuse of son

 Police in Hanoi’s Cau Giay District have detained a local man who mistreated his 10-year-old son for a prolonged period.