VN giants post record profits

Vietnam National Petroleum Group (Petrolimex) and Viet Nam Steel Corporation (VNSTEEL), achieved record profits last year, according to a conference held by the Party Organisation of the Central Enterprises Bloc (CEB) on Monday.

Technology application only feasible way for Vietnam to progress

VietNamNet Bridge - Vietnam cannot continue to develop in a way that relies on natural resources and cheap labor costs. Businesses must proceed with ‘know-how’, not ‘know-who’, experts have urged. 

Social News 12/1

 One dead, one missing in boat accident, Rain envelopes northern provinces, Pharmacy degrees rental a flourishing market, Highlanders unhappy after shifting to growing Inca peanut

Elephants in Dak Lak become more aggressive as loss of habitat continues

VietNamNet Bridge - In recent years, wild elephants have been increasingly hunted, while their natural forest habitat has diminished in size. As it has become more difficult to find food, the animals have become more aggressive.

Richest family in the banking sector: Tran Mong Hung

VietNamNet Bridge - All five members of Tran Mong Hung’s family were listed among the top 100 Vietnamese stock billionaires in 2016.

Statistics indicate big problems in university education

VietNamNet Bridge - MOLISA estimates that about 200,000 university graduates are jobless, and that the figure will not increase sharply in upcoming years but will stay the same.

Ministry predicts 2017 export growth

 Products including telephones and spare parts, garment and textile, electronics and computers are expected to bring highest export turnover to the country in 2017, said the Ministry of Industry and Trade.

Pulling strings for Vietnam

 VietNamNet Bridge – Guitarist Tran Tuan An had a solo recital in Ha Noi last weekend. He won top prizes at international competitions, including first prize at the Hamilton International Guitar Competition in Canada in July; second prize

New old map reinforces VN sovereignty over Hoang Sa

 VietNamNet Bridge – Museums usually hold a fair share of historical treasures, but the Hoang Sa Museum being built in Da Nang City, has received one that is particularly priceless.

Agro business upbeat for 2017

 Coming out ahead after a 2016 economic rollercoaster, Vietnam’s agro-forestry-aquatic sector is expected to climb even higher 2017.

BUSINESS IN BRIEF 11/1

Japan's Furukawa Battery buys 10.54% of PAC, Work starts on US$52.8 million plant oil extraction factory in Bac Ninh province, Vietnamese apparel firms receive full orders until March

85 percent of VN children have tooth decay

 VietNamNet Bridge – Over 90 per cent of Vietnamese suffer from dental disease and 85 per cent of Vietnamese children have tooth decay, according to the National Hospital of Odonto-Stomatology.

Four new Zika virus cases in Dong Nai

 VietNamNet Bridge – Four new Zika virus infection cases have been recorded in southern Dong Nai Province since the end of December, according to the province’s Steering Board for Epidemic Prevention.

Demand for senior, mid-level managers up 54% in 2016

 Vietnam is at risk of running out of skilled managers, according to Navigos Search, while highly-qualified IT engineers with good English and managerial skills have headed overseas to work.

Productive partnership

Ambassador of Vietnam to China, H.E. Dang Minh Khoi, spoke about bilateral relations between the two countries.

VN circus artists win silver prize at Int’l fest

 VietNamNet Bridge – An acrobatic circus performance involving leather straps by artists Van Thai and Thu Huong from Viet Nam Circus Federation has just won the Silver Medal at the 33rd Golden Circus Festival held in Rome

PM orders fines for sausage quality check violations

PM Nguyen Xuan Phuc has asked Ha Noi’s People’s Committee to order authorised agencies to impose strict penalties on units and individuals committing violations while checking quality of Vietfoods sausage products,

Hanoi’s Temple of Literature gets a new coat

 The Temple of Literature in Hanoi has recently looked brighter with new white walls, which was done in an attempt to clean and preserve the centuries-old relic.

Many banks in Vietnam report big profits in 2016

 Major Vietnamese banks, including Vietinbank, Vietcombank and BIDV, have reported high profits in 2016.

Top former Trust Bank officials arrested

 Seven former officials of Dai Tin Bank (Trust Bank), including former chairman of its board of directors and general director, were arrested and put under temporary detention on Tuesday.

SCIC discloses year-end income report

 State Capital Investment Corporation (SCIC) recently announced its report for 2016 and plans for 2017, in which it claimed to have nearly doubled its 2015 post-tax income.

Vietnam, Thailand expand defence cooperation

 Deputy Minister of National Defence Phan Van Giang received a delegation of the Command of Thai Royal Air force led by Commander-in-Chief Jolm Rungswang in Hanoi on January 10.

Remittances to HCM City reach $5 billion in 2016

 Remittances to Ho Chi Minh City reached five billion USD in 2016, said Deputy Director of the State Bank of Vietnam’s Ho Chi Minh City branch Nguyen Hoang Minh on January 10.

Students win first prize in Breaking Down Barriers contest

 Students from the Van Lang University in Ho Chi Minh City won first prize in the Breaking Down Barriers contest that called for designs and upgrades of public works for people with disabilities.

Da Nang Fireworks Festival 2017 to attract 2 million visitors

The International Fireworks Festival 2017 is expected to become a cultural highlight of the central city of Da Nang this year, Mr. Ngo Quang Vinh, Director of the Da Nang Tourism Department, told VietNamNet.