Chinese contractors cause long delay in multimillion-dollar project

 The irresponsibility of Chinese contractors caused the long delay in the construction of the multimillion-dollar Thuong Kon Tum Hydropower Plant, located in the Central Highlands province of Kon Tum.

VN Central Bank pumps in capital to control interest rate heat

 The State Bank of Vietnam (SBV) has ceased issuing treasury bills and begun pumping capital totaling VND22 trillion ($966.46 million) into the market via open market operations (OMO) in the last three weeks.

Tourism Week for Tet in Dong Thap

VietNamNet Bridge – The Cuu Long (Mekong) Delta province of Dong Thap will organise its first ever Tourism Week in Sa Dec City on January 7-14.          

Automatic parking fee collection plan in Hanoi

VietNamNet Bridge – Following the parking practices in the Philippines, Ha Noi’s Department of Transportation is asking the municipal People’s Committee for permission to convert roadways into long-term parking zones. 

Quang Nam to host Vietnam Open Windsurfing Race

Quang Nam will host the 2017 RS: One World Championships, the sixth of its kind and Vietnam Open Windsurfing Race during Quang Nam Heritage Festival next year, according to the provincial Department of Culture, Sports and Tourism.

Viettel Global mobilises largest capital in 2016

 Viettel Global Investment JSC (Viettel Global) successfully issued 800 million shares in the form of private placement, mobilising VND8 trillion (US$360.4 million) to become the company mobilising the largest amount of money this year.

Taiwan: new destination for Vietnamese travellers

 After more than one month of considering her vacation, Nguyen Thu Phuong, a young girl from District 3 of HCM City, has decided to choose Taiwan (China) as her travelling destination during the coming Lunar New Year.

VND1.23 quadrillion supplied for economy in 2016

 Total capital for the economy in 2016 was some VND1.23 quadrillion, almost meeting the capital demands of the economy, the National Financial Supervisory Committee estimated.

Vietnamese minister hosts Korean defence officer

 Defence Minister General Ngo Xuan Lich received on December 28 Vice Defence Minister of the Republic of Korea Hwang In-moo, who is in Hanoi to attend the countries’ fifth defence policy dialogue.

Republic of Korea hosts over 147,000 Vietnamese

 Vietnamese living in the Republic of Korea numbered 147,295 by the end of November, accounting for about 7.4 percent of the total expatriates in the country.

Vietnam, Laos, Cambodia localities work on border security

 A conference was organised in Ban Lung city, the Cambodian province of Ratanakiri on December 26 to review security and social order in shared border areas of six provinces of Vietnam, Laos, and Cambodia.

Climate change a major health concern for Vietnam

 VietNamNet Bridge – Climate change and abnormal weather conditions have strongly impacted people’s health, triggering disease outbreaks including recurrence of new epidemics,

Twelve years after Asia tsunami, 400 bodies unidentified in Thailand

 At least 400 victims of Asia's 2004 tsunami that killed 226,000 people remain unidentified in Thailand 12 years on, police said on Monday.

Da Lat flower gardens

 VietNamNet Bridge - Visiting “the city of thousands flowers” – Da Lat - you should not miss the flower gardens.

Saigon roads clogged in run up to Tet festival

VietNamNet Bridge – HCM City has recently been suffering from constant traffic jams even during non-peak hours. 

Southern hub in rush for development

VietNamNet Bridge – The Southern economic hub is rushing to realise its traffic infrastructure plan in which nearly 700km of expressway is expected to be built over the next five years. 

Overload at TSN airport may force airlines to park aircraft overnight in Can Tho

The Civil Aviation Authority of Vietnam (CAAV) has come up with an idea of moving overnight aircraft parking from overcrowded Tan Son Nhat airport in HCMC to the Can Tho airport in the Mekong Delta city of the same name. 

Pay TV revenue hits US$527.3 million this year

 VietNamNet Bridge – Pay TV services firms in Vietnam have had around 12.5 million subscribers this year, with total revenue amounting to VND12 trillion (nearly US$527.3 million),

China plans 'toilet revolution' to boost tourism

 China said it will boost investment in tourism, with plans to develop rustbelt regions and upgrade public toilets high on its to-do list as it looks to lift the sector's contribution to economic growth.

Shopping malls shut down in high season

VietNamNet Bridge - A number of shopping malls have shut down though it is now the peak sales season. 

Toshiba flags hit of 'billions of dollars' on U.S. nuclear acquisition

Toshiba Corp said it may have to book several billion dollars in charges related to a U.S. nuclear power plant construction company acquisition, sending its stock tumbling 12 percent and rekindling concerns about its accounting acumen.

Le Phi Phi to conduct year-end concert in town

 VietNamNet Bridge – Well-known Vietnamese conductor Le Phi Phi will be conducting a concert called “Dancing with Classical” at the Opera House in HCMC’s District1 on the evening of December 29.

Amazon calls 2016 holiday season its best ever; shares rise

Amazon.com Inc said it shipped more than 1 billion items worldwide this holiday season, which the top online retailer called its best ever, and its shares rose 1.6 percent in afternoon trade. 

BUSINESS IN BRIEF 28/12

 SOE divestment returns $300 million to State coffer, Kien Giang needs $3.5 billion for agricultural, VN firms urged to develop farm brands, Disbanded enterprises increase this year, Tax authority promotes national online tax refund

Storm weakens as tropical low-pressure system

 Tropical storm Nock-ten has weakened into a tropical low-pressure system this morning when it passed through the northern part of the Truong Sa (Spratly) Archipelago.