Japan bank eyes more Eximbank shares

Sumitomo Mitsui Banking Corporation of Japan is considering hiking its ownership at Eximbank if the restructuring of Eximbank is successful, said Yutaka Moriwaki, an Eximbank board member.

Veteran musician writes for teenagers

 VietNamNet Bridge – Veteran musician and writer Vu Duc Sao Bien’s latest book, Oi Cai Tuoi Trang Tron (Hello Teenage), was released in HCM City last week.  

Waste tank cracks, pollutes northern stream

Hundreds of fish died en masse after an industrial waste tank cracked open in the He Muong Commune in the northern province of Dien Bien on Monday. 

Phat wins freestyle football championship

 Nguyen Ngoc Phat beat nearly 40 rivals to triumph at the Viet Nam – Ford Freestyle Football Championship 2018, which wrapped up in Hanoi over the weekend.

GSO plans to “measure” informal business sector

 The Ministry of Planning and Investment will submit a scheme on informal economic statistics to the Prime Minister for approval this year.

Foreign investors keen on Genco 3’s privatisation

 Electricity of Viet Nam (EVN) said on Monday it received formal registrations from foreign investors to buy 36 per cent charter capital at the Power Generation Corporation 3 (Genco 3).

VAMC lowers rate on purchased bad debts

 The Viet Nam Asset Management Company (VAMC) has announced reference interest rates applied in the first quarter of 2018 on bad debts it had purchased.

Vietnam to get more foreign cruise visitors

 Princess Cruises, a five-star premium cruise line, on Tuesday announced that it would bring 80,000 international tourists to Viet Nam this year, 40 per cent more than last year.

Foreign-invested convenience stores seek to find firm niche in Vietnam

 With huge investment, commodities suiting all tastes, ages and income levels, and round-the-clock services, convenience stores could make a splash in the Vietnamese food and beverage market.

Vietnamese worker died in Algeria brought home

 The body of Nguyen Xuan Dinh, who died in an accident in a construction site in Algeria, was brought home on January 15 at the request of his family.

Vietnam intensifies IPv6 adoption

 The use of Internet Protocol version 6 (IPv6) in Vietnam in 2017 grew by 200 percent from 2016, heard a conference held by the Vietnam Internet Centre under the Ministry of Information and Communications (MIC) in Hanoi on January 16. 

Xo Dang-Xo Teng ethnic people celebrate water piping festival

Xo Dang-Xo Teng ethnic people in Tu Mrong district, the Central Highlands province of Kon Tum, celebrate many traditional festivals throughout a year, including water pipe building festival.

Vietcombank to sell shares to foreign investors

 The State Bank of Vietnam has given the Commercial Bank for Foreign Trade of Vietnam (Vietcombank) the green light to sell shares to foreign investors, according to Vietcombank chairman Nghiem Xuan Thanh.

Deposit requirement unchanged for travel firms

 Operators of local tours still have to place a VND100 million deposit while the deposit requirement for firms organizing local, inbound and outbound tours is kept at VND500 million under the 2017 tourism law, which went into force this month.

ASEAN Tourism Forum to be held in Quang Ninh in 2019

 The ASEAN Tourism Forum (ATF) and the ASEAN Travel Expo (TRAVEX) will be organized in the northern province of Quang Ninh in January 2019. 

VN prepares to join Hague Convention 1980

 The PM has approved the preparation plan for joining the Hague Convention 1980 on the Civil Aspects of International Child Abduction in the 2018-2021 period. 

NA Chairwoman grants interview on APPF-26

The 26th Annual Meeting of the Asia-Pacific Parliamentary Forum creates an opportunity to strengthen the bilateral diplomatic relations between the Vietnamese National Assembly (NA) and other nations’ parliaments.

Social News 16/1

Fire destroys thousand sq. meter wood factory in Dong Nai, HCM City ensures traffic safety for Tet, Small-scale coffee farmers get helping hand, Kids’ Dash marathon attracts 220 participants

BUSINESS IN BRIEF 16/1

 Construction material maker Viglacera’s profits hit VND1 trillion for first time, Japanese escalator manufacturer makes foray into Vietnamese market, Tax on imported sugar to remain at 5%

HCMC says commercial apartments should be at least 45 square meters

 The HCMC government has again proposed the Construction Ministry issue a set of national technical criteria for apartments, including the minimum area of commercial apartments at 45 square meters, Thanh Nien newspaper reports.

Trinh Xuan Thanh to stand trial in PVP Land graft case

 The Hanoi People’s Court will hear a graft case at the PetroVietnam Power Land JSC (PVP Land) involving Trinh Xuan Thanh on January 24.

Dan Tranh performances prserve, promote Vietnamese traditional music

 A sixteen-stringed zither (dan tranh) art performance will be held at the Ho Chi Minh City Labor Culture Palace on January 27.

HCM City entrance gateways overloaded, traffic jam regularly occurs

 HCMC entrance gateways have been overloaded and traffic jam has regularly occurred partly because infrastructure has failed to catch up with population increase and fast urbanization speed.

What will the real estate market be like in 2018?

VietNamNet Bridge - Forecasts about the real estate market in 2018 are all inclined towards optimism. 

Local artist welcomes Friends of Vietnam Heritage to revamped Mirror House

 Painter Nguyen Thu Thuy had a talk on January 15 with members of the Friends of Vietnam Heritage (FVH) about the renovated Mirror House in central Hanoi’s Thong Nhat Park and her other ceramics projects.